Bìznes Inform (Nov 2022)
Problems of Formation of the Integrated Investment Climate in the Country
Abstract
The article explores the need, prerequisites and socioeconomic factors for the formation of an integrated investment climate in the country. It is noted that the establishment of a comprehensive, favorable investment climate is a key factor in the formation of a mechanism for attracting investments into the country’s economy. Various approaches to the grouping of factors of formation of the investment climate were generalized, allowing to closer define and expand their classification according to various criteria: sources of occurrence, dependence on the subjects of activity, attractiveness, direction of influence, duration of influence, spheres of formation, predictability and controllability, method of expression, degree of detailization, significance, degree of intensity of changes. It is demonstrated that the investment climate characterizes the degree of investment attractiveness of a country for a potential investor and is represented by two components: investment potential and investment risks. It is emphasized that the main economic relations arising between the subjects of investment activity in the process of establishment of investment climate in the economic system are an aggregate of interrelated connections between the country, business and the population arising in the field of production and consumption of the created product. Both system and risk approaches to the analysis of the investment climate were used, while the latter was estimated from the standpoint of the probability of investment losses and allowed not only to assess the attractiveness of the territory for investment, but also to compare the level of risk inherent in the new investment object. It is justified that the effective economic policy of the country contributes to the establishment of a comprehensive investment climate that mobilizes the country’s own financial resources, international entrepreneurial and borrowed capital, their further investing in the national economy, thus ensuring its economic development
Keywords
