Investment Attractiveness in the Current Realities of the Ukrainian Economy

Abstract

The article defines the essence of the concept of «investment» and the features of the formation of investment attractiveness. The concept of «investment attractiveness» is analyzed. It is noted that the formation of the investment attractiveness of the country is influenced by immense number of factors. The following factors are taken into account: political, geographical, historical, cultural, legal, socioeconomic, organizational, financial, dynamics of macroeconomic indicators, the presence or absence of natural resources, the demographic situation, the level of development of the legislative framework, fiscal policy, transparency and stability of the economic system. A number of financial and economic prerequisites that determine the possibility and efficiency of investment are identified. It is substantiated that although measures are constantly being taken in Ukraine to improve the investment climate, negative assessments of experts and scientists indicate the imperfection of the existing system, which leads to a shortage of investment assets. It is noted that one of the most important conditions for the country’s economic growth is the process of attracting investments, which requires a favorable investment climate in the State. The negative tendency of investment revenues to the country is caused by insufficient development of factors that form the investment climate. The basic principles of government stimulation of investment attractiveness of the country are examined. It is noted that at the current stage of economic development, the issue of increasing the efficiency of the investment process in the country remains relevant for Ukraine. Unfortunately, at the moment there are many reasons for the insufficient investment attractiveness of our country. It is said that the policy of the Ukrainian government should be aimed at creating a clear and real strategy for the socioeconomic development of the country, based on an analysis of the real economic situation and the resources available in the country.

Keywords

• investments
• economy
• investment attractiveness
• economic instability
• government regulation