STRATEGIC GUIDELINES IN THE IMPLEMENTATION OF THE PROTECTION OF FOREIGN DIRECT INVESTMENT IN THE SYSTEM OF ECONOMIC SECURITY OF UKRAINE

Abstract

The analysis of the economic situation and investment climate in Ukraine is carried out. Factors that negatively affect the state of investment attractiveness of the state are noted. It was found that the economic crisis, in which the state found itself under the influence of external but mainly internal factors, could further lead to the destruction of the economy as a whole if urgent and effective measures are not taken to attract investment - both external and internal. It is established that the rather difficult situation with the attraction of domestic investments is connected, first of all, with the imperfect or, in some cases, contradictory legislation, the influence of administrative resources on solving any economic problems, including the use of corrupt schemes. It is quite common to say that the investment climate in the country can be changed on the basis of reforming legislation, the system of economic management and so on. Reforming as the changeing of government forms, has already exhausted its potential. The legislation and the system of economic processes management and the economy as a whole are outdated. At the present stage, Ukraine needs a radical change in the basics and principles of economic management. It is proposed to use blockchain technologies as a tool to solve these problems, which in itself is a revolutionary technology in the control systems of any process. This will certainly lead to significant restrictions on corruption schemes, budget theft and the restoration of fair competition. It is emphasized that the strategic directions for investment in the short term are those areas of the economy in which the state loses the largest financial resources: customs control, control of drugs, alcohol and tobacco, energy market control, value added tax refunds. It is noted that in connection with the adoption of the law on the land market, the blockchain is necessary for the cadastre of land and registration of the rights of their owners. Long-term immediate investment is needed to invest in the recovery of the workforce: education, health care and pension reorganization.