Investment in IT as a Priority Area of Economic Development in Ukraine

Abstract

In modern economic realities, information technologies are considered the main resource of technological and socio-economic development of the country, because they are used in all spheres of society and the state, and directly affect the overall national situation. Therefore, the study and analysis of the conditions for their attraction are relevant both in Ukraine and around the world. The purpose of this study is to identify the features of attracting investment in information technologies and search for methods to improve the investment environment for this industry. For the furtherance of this goal, the following methods were used: analysis and synthesis, induction and deduction, comparison, scientific abstraction, and modelling. Within the framework of this study, an interpretation of the concepts of "investment" and "information technologies" are provided and their role and functions at the macro and micro economic levels are highlighted; the main aspects of financing and attracting money in the field of IT are considered; the main problems and prospects of investing in this area in Ukraine are identified; the dynamics of attracting investment in information technologies are analysed; methods for improving the investment environment in the field of IT are proposed. The study also analysed the financial sources of attracting investment, listed the advantages and disadvantages of each type of financing, considered the dynamics and structure of innovation at industrial enterprises of Ukraine in 2019, and established the relationship between the volume of attracted monetary investments and the introduction of innovations. In the course of the study, methods for evaluating the effectiveness of investments in the IT field were also considered, the essence, advantages and disadvantages of each of the methods were identified. The practical significance of the work lies in the fact that the results of the study can be used to develop a plan and methods for improving the investment climate in the industry, based on the analysis of its strengths and weaknesses

Keywords

• economic development
• information products
• investment projects
• public and private investments
• venture capital investments