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Creation of favourable investment climate as a pre-requisite of technological development of Ukraine

Author

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  • Matyushenko Igor Yu.

    (Research Centre of Industrial Problems of Development of NAS of Ukraine)

Abstract

The article considers dynamics of changes of values of components of the global competitiveness index of Ukraine in 2009-2013 with the aim to make a general assessment of the level of its economic development and determination of its state in comparative ratings. It identifies competitive disadvantages of Ukraine - quality of the institutional environment, development of the financial market, efficiency of trade markets and technological readiness, which are priority directions of development of the economy and increase of the national competitiveness. It analyses development of state institutes in Ukraine and also values of the index of perception of corruption, values of the index and place in the rating of the economic freedom. It ascertains that in accordance with the index of investment freedom the investment environment in Ukraine is under-developed and bureaucratic obstacles interfere with the necessary growth of private investments. It conducts analysis of dynamics of the index of human potential development as the main characteristic of social development of the countries of the world and determines significant lag of Ukraine from leading countries of the world by indicators of a proper level of life and life expectancy with the values of knowledge level indicators being at the level of developed countries. It provides analysis and recommendations of the possibility of accelerated development of Ukraine by means of fast accumulation of capital and new industrialisation.

Suggested Citation

  • Matyushenko Igor Yu., 2013. "Creation of favourable investment climate as a pre-requisite of technological development of Ukraine," The Problems of Economy, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), issue 1, pages 99-108.
    • Handle: RePEc:idp:redpoe:y:2013:i:1:p:99_108
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