Evaluating the Level of Investment and Innovation Development of the Ukrainian Economy

Abstract

The article is aimed at evaluating the state and studying the dynamics of the investment and innovation climate of Ukraine as the basis of economic growth of the State. Ukraine’s positions in the international ratings, which characterize the investment and innovative climate of the State, are examined. The main tendencies of the investment and innovation development of Ukraine are analyzed. As a result of the research, it is specified that our State has competitive advantages, which are a factor of its investment attractiveness for both domestic and foreign investors. Ukraine has a roomy national market, significant resource, industrial and agricultural potential, a sufficient amount of labor, as well as a favorable geopolitical location. Despite the number of social, economic and political problems present in our country, investments in the Ukrainian economy are taking place constantly. Effective implementation of investment activity at the present stage is the basis for the development of the Ukrainian economy, ensuring the possibility of its integration into the European socio-economic space, which in the future will contribute to increasing the competitiveness of enterprises. It is proved that innovative development is one of the priority directions for the implementation of the concept of sustainable development of the Ukrainian economy, its goals and objectives in a competitive environment. Prospects for further research in this direction are the elaboration of possible ways to improve the mechanism for assessment and improvement of the investment and innovation climate, identifying efficient and affordable ways to finance innovative developments and implement them into the industry sectors, which are prioritized and strategically important for the economy.

Keywords

• investment and innovation climate
• investments
• innovations
• innovation activity
• international indices of investment attractiveness