FACTORS WEAKENING THE INVESTMENT AND INNOVATION POTENTIAL IN THE ECONOMIC SECURITY SYSTEM OF UKRAINE IN THE WAKE OF A FULL-SCALE WAR

Abstract

The article defines the importance of the formation and effective use of investment and innovation potential in the context of ensuring the country's economic security. Critical changes in investment and innovation activity in Ukraine since the start of the full-scale war are emphasized. Recent years have confirmed the significant importance of innovations, not only in increasing economic results, but also in the defense complex, when the country needs modern weapons to protect its own sovereignty. It is obvious that innovative activity requires significant investment, and in the conditions of a catastrophic lack of financial resources, it is quite difficult to maintain the level of innovation and investment attractiveness. It is important to realize that in the conditions of war, the existing approaches to the management of the country's investment and innovation potential when solving the tasks of ensuring economic security mostly lose their relevance and applied value and require changes, the results of which may be unpredictable and not have the expected effect. According to the conclusions drawn, attention was also paid to unresolved tasks, the number of which increased every year in the pre-war period and in the conditions of a full-scale war, the situation only became more complicated. A number of risks and threats are presented that negatively affect the system of state regulation of investment and innovation processes and weaken the potential of the national economy for an investment and innovation breakthrough. The importance of carrying out institutional reform and structural changes, which will allow to slow down the weakening of the investment and innovation potential in the system of economic security of Ukraine, is highlighted. Weakening of the investment and innovation potential occurs under the influence of a large number of factors, which may have an institutional, political-economic, globalization, and other nature. The list of factors weakening the investment and innovation potential in the system of economic security of Ukraine, the influence of which took place in the pre-war period and intensified when the war began, is summarized.