Prospects for the development of investment and innovation activity in Ukraine

Author:

Bielialov Taliat1ORCID,Shtuler Iryna2ORCID,Tereshchenko Dina3ORCID,Horiachova Nataliia4ORCID,Pashniuk Lesia5ORCID

Affiliation:

1. Head of Department of Entrepreneurship and Business, Kyiv National University of Technologies and Design, Kyiv, Ukraine.

2. First Vice-Rector, National Academy Management, Kyiv, Ukraine.

3. Department of sociology and public administration, National Technical University «Kharkiv Polytechnic Institute», Kharkiv, Ukraine.

4. Detached structural subdivision "Mariupol Professional College of the State Higher Educational Institution "Pryazovskyi State Technical University", Dnipro,Ukraine.

5. Deputy Director of Economics, Selyshchanskyi Granite Quarry, Ltd, Rivne, Ukraine.

Abstract

The article is based on general and special scientific knowledge methods by means of which the main investment trends in Ukraine and in the leading economies of the world are revealed. It highlights the prerequisites for stable economic development of the country and, at the same time, investigates the factors of investment attraction. The main problems of the development of investment activities on the territory of Ukraine are described and strategic guidelines for the formation of a positive investment climate are given. As a result of the research, the short- and long-term policy prospects for improving investment and innovation activities in war and post-war times have been determined. In addition, the priority directions of foreign capital investments are considered, which include defense industry, energy, information technologies, processing industry, financial activity and trade. It was concluded that stimulation of intellectual and investment activities in Ukraine requires the introduction of an effective tax system, promotion of international cooperation, improvement of legislation and provision of adequate protection of intellectual property rights.

Publisher

Universidad del Zulia

Subject

General Economics, Econometrics and Finance

Reference26 articles.

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2. DLIGACH, Andriy. 2022. Post-war economic policy will require a complete change of approaches. Available online. In: https://gmk.center/ua/opinion/povoienna-ekonomichna-politika-potrebuvatime-povnoi-zmini-pidhodiv/. Consultation date: 27/10/2022.

3. FREEMAN, Christopher. 1987. Technology and Economic Performance: Lessons from Japan. Pinter. London, Ukraine.

4. GLOBAL INNOVATION INDEX. 2021. World Intellectual Property Organization. Available online. In: https://www.wipo.int/edocs/pubdocs/en/wipo_pub_gii_2021_exec.pdf# page=6. Consultation date: 27/10/2022.

5. GUK, Olga; MOKHONKO, Hanna; SHENDERIVSKA, Lina. 2021. “Investment trends in Ukraine” In: Economy and society. No. 29. pp. 14-20.

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