The Place of Ukraine in World Rankings as an Indicator of its Investment Attractiveness

Abstract

The article is dedicated to the substantiation, based on world rankings, of top-priority measures for the formation of Ukraine’s investment attractiveness at the present stage of its development. The dynamics of direct foreign investment in the economy of Ukraine for 2012-2017 is analyzed, negative trends of recent years are established. The study of Ukraine’s positions in the main world rankings in 2015-2016 showed no significant positive changes in the country. The analysis of changes in the components of the indexes (subindexes) made it possible to identify factors that hamper the flow of foreign investment in the national economy of the country: the weakness of institutions that must ensure the rule of law, excessive regulation of the economy, concentration of power in the hands of oligarchic clans, significant corruption in the allocation of public funds, incompetent judicial system, etc. It is determined that priority measures should be aimed at eliminating or significantly weakening the influence of these “symptoms”. As a result, it is expected that both Ukraine’s positions in world rankings and activation of foreign investment will be strengthened.

Keywords

• foreign direct investment
• world rankings
• index
• subindex
• corruption
• competitiveness