Innovation Development Perspectives of Ukraine in the Global Expanse

The aim of the work is highlighting of strategies and definition of tools to ensure innovation development of Ukrainian economy under the influence of globalization processes in terms of public finances limitation. Defining priority targets of innovative investment policy of Ukraine, we should bind them to the medium-term and long-term economic growth by enrolling them in the balance of global political economy forces and predicted evolution of world economic development. It is determined that in terms of public finance limitation the creation of material and financial incentives of entrepreneurship development in the innovation sphere is effective. However, the most important factor in the growth of innovation product output is increasing of technological progress level, with the support of national science and international cooperation in the field of modern technologies. To increase the competitiveness of innovative products in the global market we should attract cheaper financial resources for its creation and production. Implementation of existing innovative potential is caused by the expansion of aggregate demand by means of fiscal policy and instruments of foreign economic strategy, focused on expanding of the international market segments of innovative products