Building favorable investment climate for economic development

The research is devoted to the adaptation of theoretical and applied organizational grounds of favorable investment climate based on the establishment of an efficient mechanism of investment capacity increase in Ukraine. The main aim of the paper is to substantiate the mechanism of forming a favorable investment climate as the basis of investment capacity increase in Ukraine. The paper verifies the authors' hypothesis on the adequacy of the substantiation of the mechanism of favorable investment climate forming as the basis of investment capacity increase leading to the substantial improvement of Ukrainian positions in international rankings. The dependence of Ukraine's investment climate on the formed mechanism of its development is confirmed, and the necessity of its improvement is emphasized. The paper proves that forming of the favorable investment climate as the main precondition of boosted development, reproduction, and efficient use of investment climate at all levels is one of the most important strategic tasks that Ukraine faces. Economic, institutional-legal, and organizational-administrative mechanisms and implementation tools directed at improvement of the investment climate in Ukraine and the creation of conditions for investment capacity growth and its efficient transformation into an investment product are systematized.