ASPECTS OF MANAGEMENT OF INNOVATION AND INVESTMENT DEVELOPMENT OF THE RAW MATERIALS SECTOR: COMPARATIVE ANALYSIS, DEVELOPMENT DIRECTIONS-Reference-Cited by-同舟云学术

ASPECTS OF MANAGEMENT OF INNOVATION AND INVESTMENT DEVELOPMENT OF THE RAW MATERIALS SECTOR: COMPARATIVE ANALYSIS, DEVELOPMENT DIRECTIONS

Published:2021-07-16 Issue:2 Volume:9 Page:62-75
ISSN:2308-8877
Container-title:Actual directions of scientific researches of the XXI century: theory and practice
language:en
Short-container-title:

Author:

Kakou N.¹,Bezrukova Tatyana²

Affiliation:

1. Voronezh State University of Forestry and Technologies named after G.F. Morozov

2. Federal State Budget Educational Institution of Higher Education «Voronezh State University of Forestry and Technologies named after G.F. Morozov »

Abstract

The study reflects the management aspects of innovation and investment development of the commodity sector on the example of the African Republic. The key problems of African countries are problems caused by dependence on world commodity prices. When examining the dynamics of the development of the commodity sector (production of cashew nuts) in the Republic of Côte d’Ivoire, the need to increase the country's resilience to the volatilization of world prices and global demand has been identified. The authors noted that to achieve this goal it is necessary to increase the competitiveness of cashew products on the world market and to steadily increase processing. The novelty of the study is to consider changing the vector of development of the cashew sector in order to intensify processing in the country and minimize dependence on world prices for raw cashews. The relevance of the research results on the creation of value added in the agro-industrial complex is based on its importance and the need to make innovative and investment decisions for conducting in the Republic of Côte d’Ivoire, as well as in Russia and other foreign countries. The authors analyzed the dynamics of the development of the cashew sector in the Republic of Côte d’Ivoire and noted its stability since the 1990s and during 2000–20019, and conducted a comparative analysis to increase the share of the country's cashew products in world production. Innovation and investment trends in the development of the cashew sector in the African Republic are considered with the help of World Bank investments, public and private investments. For the development of processing enterprises, the government needs to effectively use innovative solutions and investment resources. Proposed measures to ensure the steady growth of cashew nuts processing. The work includes examples from the World Bank, the government, the National Cotton and Cashew Council (CCA), foreign companies in the Republic of Côte d'Ivoire on innovative and investment development, industrialization of the cashew sector and the creation of new jobs in this sector to increase employment of the population.

Publisher

Voronezh State University of Forestry and Technologies named after G.F. Morozov

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