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The Status and Main Trends in the Development of Ukraine’s Agricultural Sector: the Geo-Economic Aspect
Voronych M. М.

Voronych, Mikhail М. (2019) “The Status and Main Trends in the Development of Ukraine’s Agricultural Sector: the Geo-Economic Aspect.” Business Inform 6:154–162.
https://doi.org/10.32983/2222-4459-2019-6-154-162

Section: Agricultural Economics and Agribusiness

UDC 338.242:339:631.1

Abstract:
The article is aimed at identifying the potential possibilities, problems and trends in the development of Ukraine’s agricultural sector as a geo-economic system. A logical scheme of studying the regularities of development of Ukraine’s agricultural sector as a geo-economic system is proposed, based on the methodology of static and dynamic analysis of economic objects. Trends in the indicators of resource potemtial, foreign economic activity, economic, financial, environmental and social development of the agricultural sector are identified. The level of variation and heterogeneity of the regions of Ukraine in the context of each of these indicators is defined. It is determined that, despite the unfavorable dynamics of indicators of the resource provision of agriculture, which is a basic element of geo-economic agricultural systems, their efficiency, as well as activity on the global geo-economic scene tends to grow. Significant differences in the efficiency of agricultural activities in Ukraine’s regions are substantiated, despite their relative homogeneity in terms of resource provision. A promising direction of research in the context of this topic is identification of factors that determine the ability of geo-economic agricultural systems to make the most out of resource potential.

Keywords: geo-economics, agricultural sector, geo-economic system, agricultural sector development.

Tabl.: 7. Bibl.: 12.

Voronych Mikhail М. – Postgraduate Student, Department of International Economic Relations and European Integration, Zhytomyr National Agroecological University (7 Staryi bulvar, Zhytomyr, 10008, Ukraine)
Email: [email protected]

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