Formation of Theoretical Fundamentals and Strategy of Investment-Innovative Economic Development at Macro and Micro Level in Globalization Context

Abstract

The article considers the theoretical foundations and strategic directions of investment-innovative development at the macro and micro level in a global environment. Summarizing the approaches developed in domestic and world science, the author has formulated a copyright definition of innovative development. The study has revealed the chain nature of investment-innovative development that has sequential generation of innovation through investments in a geometrical progression to infinity. To meet the needs of the analysis and formation of the strategy of investment-innovative development of Ukrainian economy at the macro and micro level in the context of globalization, the author has recommended to use a common methodological approach to record keeping and reporting, determining components of investment-innovative development and to provide for the replacement of the term "investment" activities with "investment-innovation" activities in the accounting documents.

Strategic Priorities of Ukraine’s Investment and Innovation Development in Modern International Economic Environment

“…Having generalized the approaches to defining the notion of investment and innovation development which exist in the world and Ukrainian economic science, Y. O. Izmaylov (Izmaylov, 2014) suggests regarding it as a purposeful process of improvement by means of investments and innovations. On the micro level, it results in enterprises' efficient economic activity.…”