SOCIAL PROBLEMS IN MANAGEMENT PRACTICE УДК 330.354 JEL: 1Institute for Economics and Forecasting of the NAS of Ukraine, Research ID : http://www.researcherid.com/rid/AEP-2520-2022 INVESTING ICT INNOVATIONS IN THE NATIONAL ECONOMY AT THE EXPENSE OF A COMPULSORY CUMULATIVE PENSION SYSTEM The article explores the possibilities of investing companies implementing ICT innovations in the national economy at the expense of a compulsory pension system, which has been planned to be launched in Ukraine for a long time. However, this draft law, submitted to the Verkhovna Rada of Ukraine at the end of 2019, contains approaches that regulate ineffective voluntary pension benefits. Therefore, its implementation will result in low profitability of invested pension savings, low coverage of the population, weak investment in the real sector and technological priorities of the national economy at the expense of voluntary pension savings. The problem of successful formation of an effective stock market as a prerequisite for the introduction of a compulsory cumulative pension system is created by a shortage of reliable profitable stock instruments, caused by the predominance of the insider corporate model in Ukraine (internal investor dictates), while the development of the stock market is promoted by the outsider model (many external investors). Keywords:voluntary and compulsory cumulative pension provision; digitalization; non-state pension funds; asset management companies; co-investment institutions; stock market; information and communication technologies; ICT innovation
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