Advantages and risks of opening the land market in Ukraine-Reference-Cited by-同舟云学术

Advantages and risks of opening the land market in Ukraine

Published:2020-12-21 Issue:4 Volume:18 Page:423-436
ISSN:1727-7051
Container-title:Problems and Perspectives in Management
language:
Short-container-title:Problems and Perspectives in Management

Author:

Kurylo Mykola¹^ORCID,Kostenko Oleksandr²^ORCID,Klochko Alyona³^ORCID,Gatseliuk Vitalii⁴^ORCID

Affiliation:

1. Dr.Sc. (Law), Professor, Sumy National Agrarian University

2. Dr.Sc. (Law), Professor, Academician of the National Academy of Legal Sciences of Ukraine, Institute of State and Law, V.M. Koretsky National Academy of Sciences of Ukraine

3. Dr.Sc. (Law), Associate Professor, Head of International Relations Chair, Sumy National Agrarian University

4. Ph.D. (Law), Senior Researcher, Department of Criminal Law, Criminology and Judiciary, Institute of State and Law, V.M. Koretsky National Academy of Sciences of Ukraine

Abstract

The relevance of the study is due to the abolishment of the moratorium on the sale of agricultural land and the risks arising from the land market opening in Ukraine. The paper aims to identify the effectiveness of land mortgages for the agricultural sector of the economy and determine the mechanisms of state policy aimed at legal groundwork to guarantee rights of landowners. The comparative analysis of the land market development in the Central European states contributed to identifying system-based state management of land market formation processes, which had a positive effect on the land reform outcomes in these states. The analysis results confirmed the timeliness of the land market opening in Ukraine, which is related to the chosen economic and political course. The investment attractiveness of the Ukrainian agro-industrial complex is due to high productivity of lands and is supported with the possibility of mortgaging agricultural land. Neutralization of factors hindering the foreign investment attracted to agricultural business will contribute to the attraction of efficient technologies and highly productive use of the agricultural land in Ukraine. Some measures aimed at the land relations transformation in Central Europe do not consider the peculiarities of the Ukrainian agricultural sector. In particular, it is not reasonable to sell agricultural land to foreigners. Assessment of certain provisions of the Law of Ukraine ‘On Amendments to Certain Legislative Acts of Ukraine on the Conditions of Agricultural Land Transactions’ No. 552-IX shows the inevitability of abuse by foreign-owned banking institutions of the possibility to alienate the lands pledged under any loan agreements. Criminalization of evasion from the alienation of agricultural land as collateral will prevent the risks of acquiring Ukrainian agricultural lands by foreign-owned banking institutions. It is concluded that the banking system will only perform the functions of an investor in the agricultural sector of the economy, so there is a need to strengthen the state regulation of the land market in Ukraine.

Publisher

LLC CPC Business Perspectives

Subject

Strategy and Management,Business and International Management,General Business, Management and Accounting,Information Systems and Management,Law,Sociology and Political Science,Public Administration

Link

https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/14471/PPM_2020_04_Kurylo.pdf

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