Innovative Principles of Joint Investment Development in the Context of Rethinking Global Sustainability.

Abstract

The formation of an innovative economy is accompanied by the creation of new markets. During a global pandemic, the slow recovery from the crisis of countries, including trading partners, also limits the ability to accelerate economic recovery and the formation of an innovative economy. It is advisable to determine the predictability of the interaction of elements of banking in the context of spatial development of the economy. Modern socio-economic transformations contribute to the formation and development of markets for investment, insurance and pension services, as the dynamics of income growth requires diversification of cash savings through their investment in investment and pension funds, insurance companies. The growing interdependence of the behavior of economic agents at both the endogenous and exogenous levels depends significantly on the regulatory activities of national and supranational financial institutions. Changing the mechanisms of bank financing in the framework of economic modernization programs, the implementation of innovative projects is accompanied by an increase in the interests of financial institutions in the face of increased competition in the field of financing innovation. Under COVID-19, the National Bank’s stimulus measures, credit vacations, tax breaks, and expansion of budget unemployment benefits further supported business activity and private consumption.