IMPLEMENTATION OF STATE-REGIONAL INVESTMENT POLICY IN UKRAINE: TRENDS AND FEATURES

Abstract

The implementation of investment policy in the regions in the context of decentralization in Ukraine is one of the key directions of state policy that ensures the development of the infrastructure of the regions, an increase in the level of their production potential, an increase in the level of life of territorial communities and city residents. The study of the mechanisms of investment development of regions in the national science «Public administration and administration» cannot be studied without studying the trends and their features. The author of the article examines research on investment development of regions from the point of view of state and administrative principles. The features of the implementation of investment policy in the regions in the context of decentralization in Ukraine are revealed. The author gives numerous examples of research on the implementation of investment policy in the regions based on the analysis of scientific works of Ukrainian and foreign scientists, while noting that scientists did not consider the subject of research in the context of decentralization, has its own characteristics. It is proved that there is no common vision of the implementation of investment policy in the regions in the context of decentralization in Ukraine, which makes it difficult to study this topic in the field of science «Public administration and administration». Thus, this issue has not been studied at the state and administrative level, especially in the context of decentralization in Ukraine. However, in the scientific research of domestic and foreign scientists, the issue of investment policy in the regions in the context of decentralization in Ukraine was not investigated, which motivated us to identify trends and features on this issue. The purpose of the article is to study the tendencies and features of the development of investment policy in the regions in the conditions of decentralization in Ukraine on the basis of the analysis of scientific domestic and foreign researches. Analyzing the trends of investment policy in the regions in the context of decentralization in Ukraine, consider the statistics and forecasts of IMF experts, the world average ratio of gross savings to GDP (gross savings rate) in the last two decades of XX century. Ukraine, as it is a country of catching up, needs higher rates of economic growth. Part of the defects of the investment climate of Ukraine built seriously and for a long time into the Ukrainian regional system, is reflected in the inefficiency of the investment policy of individual regions. Distortions in the investment mechanism of the region due to accelerated privatization will continue to lead to the preservation of a wide range of inefficient (from a macroeconomic point of view) owners and thus generate capital flight at any rate of economic growth and any taxes. Thus, one of the ways to increase the efficiency of state investment policy at the regional level is to clearly identify and systematize the problems of the content of the importance and relevance of their solution. This allows to identify the relevant types of problem regions and assess their importance for making specific decisions in the field of improving the investment process in the regions, especially in the field of efficient use of investment resources.