Agricultural and resource economy of Ukraine and problems for economic growth

Author:

Moshenskyi Sergii,Grytsyshen Dymytrii,Petruk Oleksandr

Abstract

Ukraine’s economy is highly dependent on the agricultural sector; it is the main component of the country’s international specialisation in the international arena and is one of the main representatives of budget revenues. Thus, its research remains relevant, as does the investigation of historical prerequisites and prospects for this. The purpose of the study was to assess the latest trends in the development of the industry and, based on them, form recommendations for the development of the country, in particular, in wartime conditions. The main methods used in the study were analysis, historical analysis, forecasting, and abstraction. Within the framework of the study, some statistical data describing the latest trends in the development of the agricultural sector of Ukraine were analysed, including international trade in industry products, the amount of land planted with agricultural crops, the amount of livestock products produced. It was found that there were positive trends in the development of agriculture in the country, especially in the field of crop production. However, the events of 2014 and 2022 have led to political and economic instability in the country, resulting in stagnation (in the case of animal husbandry) and a decrease in growth rates (for crop production). Considering the difficulties that exist for the development of crop production in war conditions, separate recommendations were proposed for the development of national policy. These include minimising the negative impact of corruption (developing institutions), promoting innovation, and attracting investment. Although some such actions are already being implemented by the state in the form of various support measures, they are still not enough to solve all the problems of development in the sector. The paper brings new knowledge to the field of research in the agricultural sector, in particular in Ukraine. This knowledge will allow for more effective policy-making for both public sector representatives and entrepreneurs

Publisher

Scientific Journals Publishing House

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