IMPACT OF FOREIGN DIRECT INVESTMENT ON DEVELOPMENT OF INNOVATIVE SECTOR OF UKRAINIAN ECONOMY

The paper presents foreign investment as one of the most important sources for financing of innovation process in Ukraine. We analyzed foreign experience, the current state of the innovation sector in Ukraine, as well as an impact of foreign investment for country's economy. Also we made an overview of main barriers of attracting foreign investments to the economy of Ukraine and identify role of foreign investment in the structural reform of Ukraine's innovative development. The contribution of the paper is to suggest directions of activation of foreign investment inflow to Ukraine.