Analysis of the Experience of Integrity and Prevention of Corruption as the Basis of International Investment Attractiveness of Ukraine and Its Regions

Abstract

At the present stage of Ukraine’s development in the context of European integration, an analysis of the experience of integrity and prevention of corruption as the basis of the country’s international investment attractiveness is extremely important. It is necessary to solve the problems that arise as a result of intensification of activities on integrity and prevention of corruption to increase the international investment attractiveness of Ukraine. It is especially important to intensify activities on integrity and prevention of corruption to increase international investment attractiveness in the Black Sea (southern) Region, namely in Odessa, Mykolaiv, Kherson and Donetsk regions. Therefore, the problems of analyzing the experience of integrity and preventing corruption in order to increase the international investment attractiveness of Ukraine and its regions are becoming relevant. Improving and developing integrity and preventing corruption will help develop Ukraine’s economy by increasing international investment. Based on statistics, the growth of foreign direct investment in the Black Sea Region of Ukraine was studied to determine the increase in international investment attractiveness. Given the statistical information, a high negative level of inflation, which affects the development of the economy, was found in the Black Sea Region of Ukraine. Necessary values have been developed that need to be implemented in organizations among employees in order to combat corruption. Strong arguments are analyzed in order to quickly and consistently address all violations of integrity in an organization, regardless of the size of violations. The most common forms of bribery and corruption in the organization to combat corruption are studied. The unethical behavior of violating integrity, which is due to one of the three key factors for overcoming corruption in an organization, is considered. It has been found that action is needed to promote a culture of openness and awareness of integrity in order to understand the importance of integrity. The training of integrity staff at work, which is aimed at raising awareness, which helps to minimize violations of integrity, is studied.