INNOVATION AND INVESTMENT DEVELOPMENT OF UKRAINIAN INDUSTRY

Abstract

Modern researches of technological development of Ukraine testify to the further development of the domestic economy in line with the export-raw material model, there is an interruption of the technological chain in the cycle of metallurgical and machine-building production, which leads to ineffective use of the country's raw stock. The increase in production based on natural resources leads to a declining return, and therefore to the depletion of the country as a whole. Historical and contemporary world practice proves that a country can solve the problems of economic backwardness only through the industrialization and protection of new productions. The development of production of higher technological facilities is impossible without the support of the state. Starting points of innovation and investment growth in Ukraine can be merged with a vertical inert. The modern global economic space is built on integration structures. For Ukraine, the largest integration structures with the maximum synergy effect can be renewed industrial-financial groups, whose participants will be associated with technological chains, industrial enterprises and banking structures.Proceeding from the specifics of the domestic economy, which is based on the metallurgical complex, we consider the expedient transition to an increase in the production of metal-wares of machine-building products. Focusing on the development of the domestic market through investment support for the machine-building industry means for Ukraine a unique opportunity to provide the economy with systemic, balanced, synergistic and socially oriented character. Continued basic technological chains through the active involvement of machine-building enterprises in industrial and financial groups with metallurgical production with the support of participating banks will allow to obtain economic effects at macro and micro levels, and these groups will define as «growth points» of innovation and investment upsurge in the country. The components of synergistic effect are investigated, namely switching, operational, managerial, investment and innovative synergetic effects taking place in industrial-financial groups with vertical integration.