INNOVATIVE TRANSFORMATIONS OF UKRAINE'S ECONOMY IN THE CONTEXT OF GLOBALIZATION: THEORETICAL AND ANALYTICAL ASPECTS

The article substantiates the relevance of the innovative type of economy, which is dominant in all the leading countries of the world. Therefore, it is emphasized that innovations in the Ukrainian economy are the key to sustainable development. The pur-pose of this study is to identify and describe the existing innovative transformations in the Ukrainian economy and determine the prospects and ways of their development. During the study, a number of methods of theoretical knowledge were used, such as analysis, synthesis, concretization, and generalization. As a result of this scientific re-search, the following conclusions were made: Ukraine's place among all countries of the world in terms of innovation and globalization was determined, and the main reasons for the increase and decline of these indicators were found out; it is determined which areas of the Ukrainian economy were influenced by the process of digitalization, in par-ticular, banking, financial markets, advertising, business, IT; the current state and pro-spects for the development of renewable energy, IT-sphere, extraction of rare earth metals have been determined; The ways of development of innovations through coop-eration with developed countries have been determined. It is emphasized that the gov-ernment should promote entrepreneurship and learn from the experience of Ireland in the context of intensifying the creation of preferential zones. The importance of con-ducting further research on the development of public administration in the economic sphere, especially in the period of post-war recovery, was emphasized.