Competitiveness of the information economy industry in Ukraine

Information economy, being the newest type, in the course of formation acquires its distinctive features, which include a significant change in the needs of investors, producers, consumers and other economic relation participants. In order to achieve a competitive information economy, state support for high-tech industries is needed. It is crucial to create a clear legal framework, give boost to the formation of intellectual capital based on other countries’ experience. Implementation of the strategy for high-tech industries development in Ukraine is a decisive step in creating a platform for information technology dissemination, creation of new competitive products with high added value. The purpose of the article is to investigate the transformation to the information economy, to analyze the industry competitiveness, to define the opportunities for information sphere improvement. The theoretical aspect of the emergence and formation of the information economy category is studied, the approaches to the defining this economic category and its derivatives have been studied and generalized, essential features of the information type of economic relations have been investigat-ed, and their main components have been determined. In the article, the relationship between the level of information economy development and the competitiveness of domestic enterprises’ products has been described, the factors influencing high-tech industries development in Ukraine are considered, and suggestions as for increasing the assistance to the development of knowledge-intensive sectors, including information technology, are proposed. economic development vector complying with new realities, which would correspond to the global processes, and would be able to ensure the movement of public economic energy in rapid transformation of Ukrainian society using new strategic resources. Thus, the study of the information economy development and monitoring of its impact on the domestic producers’ competitiveness adds to the formation of an effective strategy of state development. While implementing information technologies and developing the regulatory framework it is important to take into account the experience of other countries that have already un-dergone the formation of the competitive information economy and were able to bring the production processes in the country to a new