Analysis of the Current State of Investment Activity in Ukraine: Macro- and Micro-level

Abstract

The article deals with the essence and significance of investment activity at the macro- and micro-levels as the main factor of changes in the economy and interdependence of countries and enterprises. The article’s authors prove that the development of investment processes in all areas of activity is a necessary condition for effective business organization. It is noted that the significance and essence of investments is reflected in their functions. The authors define functions of investments at the macro- and micro-levels. The authors consider variable factors of the macro- and microeconomic environment that affect investment processes in a particular industry. To determine the state of investment activity at the macro-level, the authors have conducted a research of foreign investment. The article discloses the dynamics of foreign direct investments in the economy of Ukraine and from the economy of Ukraine in other countries, their share in a total volume of foreign direct investment, the dynamics of capital investment and their share in the structure of GDP. The author studied and identified major objects for investing in Ukraine. The article describes the role of domestic investments as the most active element of economic growth in the country. The article highlights modern obstacles to its development. Since Ukraine remains geographically, economically, and socially attractive country for investing at both macro- and micro-levels, the authors suggest to identify prior areas for improving its investment climate.