ATTRACTING FOREIGN INVESTMENTS FOR THE DEVELOPMENT OF THE UKRAINIAN ECONOMY: WARTIME CHALLENGES AND POSTWAR PROSPECTS

Keywords: development of the Ukrainian economy, foreign investments, wartime challenges for foreign investments, postwar prospects foreign investments

Abstract

The article discusses attracting foreign investments for the development of the Ukrainian economy. Analyzed wartime challenges and postwar prospects. It was determined that during the large-scale armed aggression of the Russian Federation against Ukraine and the implementation of the martial law, attracting foreign investments is one of the main measures to support the national economy. As a result of the military aggression of the Russian Federation, the economy of Ukraine suffered significant losses. Were analyzed the dynamics of attracting foreign investments in 2002-2022. The analysis of the development vectors of the FDI market allows us to conclude that their dynamics depends on global economic and political trends Debt instruments are prevalent in the structure of the FDI instruments of the investor countries, and the sectoral structure of the investments is determined by the secondary sector, meaning manufacturing of goods. Prospects for attracting foreign investments are outlined, which will primarily be aimed at the post-war recovery of Ukraine according to the "Marshal Plan" for Ukraine. In particular, a list of sectors of the Ukrainian economy that will be interesting for foreign investors has been determined.

References

Rasvanis, E., & Tselios, V. (2022). Geography as a locational determinant of foreign direct investments in tourism and transport in Greece: a comparison with domestic investments. GeoJournal, 87 (3), 1593–1617.

Soare, E., Chiurciu, I.-A., David, L., Bəlan, A.-V., & Dobre, I. (2015). Study on foreign direct investments in Romania and their impact onto the economy. 25th International Business Information Management Association Conference «Innovation Vision 2020: From Regional Development Sustainability to Global Economic Growth» (Amsterdam, May, 7-8 th, 2015). Amsterdam: IBIMA.

Sagynbekova, G., Allanina, L., Babaeva, Z., Dzhabrailova, N., & Gaybatova, K. (2018). State-legal regulation of foreign investment: International experience. Opcion, 34 (85), 84 853.

Roštárová, M. & Rentková, K. (2015). Foreign direct investment in the Republic of Macedonia. 26th International Business Information Management Association Conference «Innovation Management and Sustainable Economic Competitive Advantage: From Regional Development to Global Growth» (Madrid, November, 11-12 th, 2015). Madrid: IBIMA.

Buček, J. (2003). Foreign direct investments in Slovakia. Hommes et Terres du Nord, 4, 3–17.

Šečkutė, L., & Tvaronavičius, V. (2007). Analysis of foreign direct investment in the Baltic States. Business: Theory and Practice, 8(3), 153–160. DOI: https://doi.org/10.3846/btp.2007.22

Denysenko, M. (2016). Foreign investments in the economy of Ukraine. Actual Problems of Economics, 181 (7), 70–77.

Kossak, V. & Yanovytska, H. (2020) Foreign investment in Ukraine: Types and forms. International Journal of Criminology and Sociology, 9, 3057–3065.

Nagachevska, T., Apostol, M., Fedun, I., Kuzioma, O., & Prygara, O. (2021). Mechanisms for Attracting Foreign Investment in the Agrarian Sector of Ukraine. Lecture Notes in Networks and Systems, 194, 960–976.

Plaskon, S., Shevelova, S., Ruska, R., Martyniuk, O., Lesyk, O., & Seniv, H. (2021). Causal Relathionships between Gross Domestic Product, International Trade and Foreign Direct Investment in Ukraine. 11th International Conference on Advanced Computer Information Technologies (Deggendorf, September, 15-17 th, 2021). Deggendorf: ACIT.

State Statistics Service of Ukraine (2023). Available at: https://www.ukrstat.gov.ua/

Ukraine Recovery Conference (2022). (Luganо, July, 4-5 th, 2022). Available at: https://www.urc2022.com/

Schwab, K., & Vanham, P. (2021). Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet. Wiley.

Diia city (2023). Available at: https://city.diia.gov.ua/

Article views: 180
PDF Downloads: 259
Published
2023-05-30
How to Cite
Teres, Y. (2023). ATTRACTING FOREIGN INVESTMENTS FOR THE DEVELOPMENT OF THE UKRAINIAN ECONOMY: WARTIME CHALLENGES AND POSTWAR PROSPECTS. Economy and Society, (51). https://doi.org/10.32782/2524-0072/2023-51-51
Section
ECONOMICS