THE CHALLENGES OF GLOBAL COMPETITIVENESS: THE INSTITUTIONS AND INNOVATION DEVELOPMENT

The paper is devoted to the analysis of the causes of decreasing Ukraine’s global competitiveness position, and the influence of the factors: “Higher education and training”, “Innovation”, “Institutions” on the global competitiveness of Ukrainian economy. The possibilities of increasing the global competitive position of Ukraine by intensification of innovative activity, development of the set of measures on strengthening the innovative components of global competitiveness have been examined. A set of measures for creating an institutional mechanism of the innovative environment development has been suggested.