Purpose. To establish the reasons for the slowdown of the innovation process in Ukraine and the Ukrainian peculiarities of this process in providing competitive advantage. To develop a conceptual model of the impact of information technology on the formation of competitive advantages. Methodology. The research uses general and special methods of cognition: content analysis for an analytical review of the literature, identifying unresolved aspects of the problem; induction and deduction to establish conditions for formation of a positive impact of innovations on competitiveness; system analysis to establish the reasons for slowing down the innovation process; going from the abstract to the concrete to establish why changes in sustainable development do not outweigh the costs of innovation in Ukraine; idealization to establish new opportunities that open innovations for Economy 4.0; modeling for the development of scheme support system for management decisions regarding innovations and the conceptual model of algorithm of the intelligent system support and decision-making regarding operational and strategic management of innovation process. Findings. The following was established: the nature of the relationship between the introduction of innovations and the acquisition of competitive advantages; conditions for the formation of the positive impact of innovation on competitiveness; reasons for slowing down the innovation process. It is stated that the application of the latest technologies opens new opportunities for gaining competitive advantages. These opportunities were stratified depending on the impact on competitiveness. It is substantiated that innovations serve not only as a tool to increase competitiveness, but also contribute to the movement towards Economy 4.0. Originality. Tools for coordination of operational and strategic management of innovations were proposed. An algorithm of the conceptual model of the innovation decision-making system was developed for the effective implementation of strategic management. Practical value. The developed approaches to support management decisions of the innovation process can increase the efficiency of introducing innovation at enterprises.

Introduction. The article studies the impact of globalization on the dynamics of inflation due to increased integration between developed economies and emerging countries in the period 1990-2022, its causes and effects. Problem Statement. Based on the analysis of statistical data, it was established that global inflation in the world economy has a direct impact on domestic inflation in emerging countries, as well as a pronounced structural character in developed countries. This means that even minor disruptions in global trade channels can cause inflation. Purpose. Explaining the impact of globalization on the level of inflation in developed countries and commodity economies through the expansion of trade integration, the strengthening of the role of emerging markets, price competition and the increase in the volatility of interest rates. Methods. According to the results of a dispersion analysis, a hypothesis of the existence of a connection between the components of globalization channels and inflation indicators, which determine the volatility of prices for goods and services in the medium term was investigated . Results. The global components of each inflation indicator are analyzed for the full sample of advanced economies and emerging markets. CPI and producer price index are found to have a significant common global component, accounting for 40% of the difference in CPI inflation and 52% in producer price index inflation of the countries in the sample. However, the role of the common component is much smaller for core inflation and wage inflation. The first main component of inflation accounts for about 21-26% of the variation in inflation for different samples. Conclusions. The increase in the global component of inflation over the past two decades can be explained by major global crises arising from high volatility of commodity prices, greater sensitivity of countries to global shocks due to increased trade or financial integration, or closer direct links between economies. The effect of the transfer of global inflation on domestic prices requires that the central bank should conduct a tighter monetary policy towards achieving the price stability.