Administrative and Legal Principles of Foreign Investment in Ukraine

Keywords: administrative and legal principles, foreign investment, state regulation, public administration, foreign investment.

Abstract

The peculiarities of administrative and legal principles of foreign investment from the point of view of complex analysis have been considered, considering the current stage of historical development of the state system. Taking into account doctrinal research and own scientific achievements, it has been determined that nowadays it is extremely urgent to implement the whole set of practical measures aimed at achieving qualitative changes in the issues of attracting foreign investment and strengthening the control over the quality level of investments in the economy of Ukraine from the standpoint of administrative and legal principles.

It has been determined and proved that it is expedient to apply the phased approach of administrative and legal regulation of foreign investment – two-step assessment of the quality of foreign investments. In particular, the investor should be evaluated at the first step. This means that the purpose and goals of his investment activity, as well as his investment, business and economic reputation must be assessed. The second stage begins with the evaluation of the investment project, the priority for the economic development of the territorial community, the level of innovation, environmental compatibility, payback period, value of investments, etc. The basis for this approach should be the system for evaluating the quality of the subjects and objects of the investment process. The result of applying this approach should be the definition of the quality of the investment project and definition of the priority for its implementation in accordance with territorial interests. In this regard, it would be appropriate to make a clear distinction between the functions and responsibilities of the institutions that are going to assess the quality of the investments. According to the author, it would be rational to expand the main directions of activity of the Ukrainian Center for Foreign Investment Promotion and to create a special department that would deal with the quality control over the relevant foreign investments coming to the Ukrainian economy. The same structures should be formed at the local level.

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Author Biography

H. O. Fedorov, Kharkiv National University of Internal Affairs

Candidate of Sciences in Public Administration (Ph.D.).

References

Danko M.S., 1999. Innovation Potential in the Industry of Ukraine [Innovatsiinyi potentsial u promyslovosti Ukrainy]. Ekonomìst – Economist, No. 10, pp. 26-32.

Saienko Yu., Tkachenko A. and Pryvalov Yu., 1997. Local Self-Government in Ukraine: Problems and Forecasts [Mistseve samovriaduvannia v Ukraini: problemy i prohnozy]. Kyiv: IS NANU.

Porter M.E. and Kramer M.R., 2006. Strategy and Society: The Link Between Competitive Advantage and Corporate Social Responsibility. Harvard Business Review, December, pp. 78-93.

Volumes of Foreign Direct Investment in Ukraine Rose up for 4,3 % in 2017 [Obsiahy priamykh inozemnykh investytsii v Ukrainu za 2017 rik zrosly na 4,3 %], 2018. [online] FinPost, March 1. Available at https://finpost.com.ua/news/7371 [Accessed 20 February 2019].


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PDF Downloads: 5
Published
2019-05-27
How to Cite
Fedorov, H. (2019) “Administrative and Legal Principles of Foreign Investment in Ukraine”, Bulletin of Kharkiv National University of Internal Affairs, 85(2), pp. 78-86. doi: 10.32631/v.2019.2.07.

Section
Administrative Law and Procedure; Financial Law