МЕХАНІЗМИ ЕФЕКТИВНОГО ДЕРЖАВНОГО СТИМУЛЮВАННЯ І ПРІОРИТЕТИ ПРИ ІНВЕСТУВАННІ В ЕКОНОМІКУ УКРАЇНИ

Abstract

Due to the weak reform of Ukraine\'s economy and low level of investment attraction, its potential has significantly decreased, and the structure of the economy has acquired the features of agricultural and raw materials orientation. This approach makes it impossible to raise the living standards of Ukrainians. To change the situation, it is necessary to rethink the approaches of state regulation of economic processes, increase productivity, intensification and growth of production efficiency, active sale on world markets of goods and services made in Ukraine with higher added value. All this can be possible by attracting certain new technologies, know-how, innovations, and most importantly, investments, through which a favorable environment can be built. With this in mind, in order to attract investment and technology, the world practice is to initially focus on building institutions, infrastructure and implementing the best world standards in the rule of law, government regulation, education, science, medicine, etc. Only effective reforms to stimulate investment in the domestic economy can shift the process of renewal and qualitative growth of Ukraine\'s economy. To improve the investment climate and create a competitive Ukrainian economy, the priority measures should be the revision of domestic investment programs and similar measures in neighboring countries, the formation on this basis of an updated institutional mechanism to attract productive investment, establishing the rule of law by EU standards, cleansing law enforcement and government of corruption, optimization of the fiscal and tax mechanism for investors, renewal of infrastructure and introduction of system technological re-equipment. Implementation of the 10 proposed items, which relate to state incentives for investment activities, will help to systematically attract investment resources on a long-term basis. Another priority for public authorities should be the introduction of UAE-type industrial parks and innovation parks to strengthen the development of the domestic IT sector in major cities of Ukraine. This will allow Ukraine to develop the socio-economic environment faster and more efficiently and gradually, on a pragmatic basis, integrate into the EU.