Globalizing challenges of Ukraine's economy: diagnosing the state of investment climate as a driving force in the context of economic tendencyJournal: Herald of the Economic Sciences of Ukraine (Vol.37, No. 2)
Publication Date: 2019-12-01
Authors : Vakulich M.;
Page : 38-43
Keywords : management; investment climate; constituents; factors; evaluation; attractiveness.;
Globalization, which has become one of the defining characteristics of the world economy in the 21st century, has put before member Governments issue search of new forms and methods of adaptation of national economic and political-legal environments to modern requirements of international economic relations. Rapid changes in the factors determining competitiveness on world markets, dynamic development of the global environment, forcing Governments in the formation of conditions for economic growth, actively seek to ensure national competitiveness on a global scale. The most urgent is the need for management of investment climate of Ukraine's economy, which assure its economic development, taking into account the social and environmental interests of the society. However, the process is compounded by the lack of a clear understanding of its essence. The development of world financial crisis resulted in forming of unfavorable terms of ménage and considerable abbreviation of investment activity. Determination components which have influence on investment attractiveness has a large economic value, as it is necessary at first correctly to estimate terms which processes of investments are for, and then carry out the search of the most attractive object of investing. In the article the role of investment climate is examined in development of economy, in bringing in foreign investments. Constituents influencing on forming of investment climate are analyzed. Directions of improvement of investment climate of country are certain. The main purpose of investment policy is the development of optimal conditions for investment of own and borrowed financial and other resources that provide income increase on the invested capital for expansion of enterprise economic activity and the development of better conditions for winning the competition. Problem of achieving steady growth of the Ukrainian economy requires greater investment and innovation processes, the reorientation of current management and regulation for long-term strategic planning.
Other Latest Articles
Last modified: 2020-05-22 02:08:13