Ukraine’s position in international investment ratings

Authors

  • Ivan Churuta

DOI:

https://doi.org/10.35774/visnyk2018.02.036

Keywords:

investments, investment ratings, investment climate, investment image.

Abstract

The article reasons that foreign direct investments play a crucial role in the economy of every world country, since they ensure the effective functioning of economy and economic growth. It is found that the volume of foreign direct investments into the economy of a certain country depends on the investment climate, whose main indicator is the position of countries in international investment ratings that allows us to evaluate the investment climate, possible investment risks and the degree of investment safety.

The subject of the study is the investment climate in Ukraine and its position in the main international investment ratings. The research methods used in the study include theoretical generalization, comparison, abstraction, analysis and synthesis.

The paper presents a list of the main international investment ratings that should be taken into account by potential investors while analyzing the investment climate and investment image of the country and considering the practicality of investing into the economy.

The current position and dynamics of Ukraine’s rankings in these ratings are analyzed: according to Global Competitiveness index – 81st position among 137 countries; according to index of Economic Freedom – 150th position among 180 countries; according to Ease of Doing Business index – 76th position among 190 countries; according to Investment Attractiveness index – 134th out of 174 countries. Based on the analysis of Ukraine’s position in the main international investment ratings, it is concluded that the investment climate in Ukraine is not favorable; therefore, Ukraine needs to take measures to improve its investment climate and its positions in these ratings in order to attract foreign investment to the required extent.

Author Biography

  • Ivan Churuta
    University of the State Fiscal Service of Ukraine

References

Pozytsiia Ukrainy v reitynhu krain svitu za indeksom hlobalnoi konkurentospromozhnosti 2017–2018 [Ukraine’s position in the world ranking according to the Global Competitiveness Index 2017-2018], from http://edclub.com.ua/analityka/pozyciya-ukrayiny-vreytyngu-krayin-svitu- za-indeksom-globalnoyi-konkurentospromozhnosti-2 [in Ukrainian].

Pozytsiia Ukrainy v reitynhu krain svitu za indeksom hlobalnoi konkurentospromozhnosti 2016–2017 [Ukraine’s position in the world ranking according to the Global Competitiveness Index 2016-2017], from http://edclub.com.ua/analityka/pozyciya-ukrayiny-vreytyngu-krayin-svitu- za-indeksom-globalnoyi-konkurentospromozhnosti-1 [in Ukrainian].

Riven ekonomichnoi svobody Ukrainy [The level of economic freedom of Ukraine], from http://edclub.com.ua/analityka/riven-ekonomichnoyi-svobody-ukrayiny [in Ukrainian].

Indeks ekonomichnoi svobody 2018 [Index of economic freedom 2018], form https://www.heritage.org/index/excel2018index2018_data.xls [in Ukrainian].

Indeks ekonomichnoi svobody 2017 [Index of economic freedom 2017], from https://www.heritage.org/index/excel2018/index2018_data.xls [in Ukrainian].

Doing business – 2017. Ukraina v reitynhu svitovoho banku lehkosti vedennia biznesu [Ukraine in the ranking of the World Bank of ease of doing business], from http://edclub.com.ua/analityka/doing-business-2017-ukrayina-v-reytyngu-svitovogo-bankulegkosti-vedennya-biznesu [in Ukrainian].

Doing business 2018 Ukraina Doing business 2018 [Ukraine], from http://russian.doingbusiness.org/data/exploreeconomies/Ukraine [in Russian].

Formation of the BDO International Business Compass, from http://www .bdo-ibc.com/background/data-validity/theoretical-framework/ [in English].

BDO International Business Compass 2017, from https://www.bdo-ibc.com/index/global-comparison/overall-index/ [in English].

BDO International Business Compass 2016, from https://www.bdo.ge/getattachment/Insights/Publications/BDO-IBCInternational-Business-Compass-2017/BDO_IBC17_EN_web.pdf.aspx?lang=en-GB [in English].

YeBA pokrashchyla indeks investytsiinoi pryvablyvosti Ukrainy [The EBA has improved the investment attractiveness index of Ukraine], from http://robotodavets.in.ua/2015/12/31/yeba-pokrashhyla -indeks-investytsijnoyi-pryvablyvosti-ukrayiny.html [in Ukrainian].

Reitynh investytsiinoi pryvablyvosti : Ukraina opuskaietsia na dno [Investment attractiveness rating :Ukraine is falling to the bottom], from http://www.businessz.com.ua/news/27/1229 [in Ukrainian].

Published

2019-07-07

Issue

Section

INTERNATIONAL ECONOMICS

How to Cite

Churuta, Ivan. “Ukraine’s Position in International Investment Ratings”. Herald of Economics, no. 2(88), July 2019, pp. 36-44, https://doi.org/10.35774/visnyk2018.02.036.

Similar Articles

11-20 of 105

You may also start an advanced similarity search for this article.