Effectiveness of Investment Support for Multifunctionality of Agriculture in the Global Economy
Prokopchuk O. A., Kutsmus N. M.

Prokopchuk, Oksana A., and Kutsmus, Nataliia M. (2020) “Effectiveness of Investment Support for Multifunctionality of Agriculture in the Global Economy.” The Problems of Economy 1:98–105.
https://doi.org/10.32983/2222-0712-2020-1-98-105

Section: Economics and national economy management

UDC 330.332

Abstract:
The aim of the study is to assess the effectiveness of investments in agriculture and the impact of investment processes on implementing multifunctionality of the industry under globalization. An assessment of the effectiveness of investments through the prism of the results of implementing multifunctionality of agriculture in the context of globalization processes is carried out. It is established that investment processes in agriculture of Ukraine demonstrate positive development trends and, unlike other sectors of the economy, are more resistant to macroeconomic fluctuations, the impact of which is partially offset by global trends in the world agricultural market development. It is proved that investment activity in agriculture is characterized by an increase in the level of economic efficiency, in particular, as concerns the industry performing a globalization function. This is manifested in an increase in the international trade of enterprises and the value of agricultural exports. The social and environmental efficiency of investment processes in agriculture is low and does not meet the needs of rural population and the significance of agricultural production on a global and national scale. It is argued that a growth in the overall efficiency of investment processes in agriculture requires consolidating efforts of government institutions and industrial entities in the direction of increasing the social and environmental responsibility of the latter. The results of the scientific research constitute the methodological basis for developing proposals to improve the efficiency of investments in agricultural production as a tool for the industry to implement its multifunctional public purpose.

Keywords: investment, investment activity, efficiency, multifunctionality of agriculture, globalization.

Tabl.: 6. Bibl.: 20.

Prokopchuk Oksana A. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of International Economic Relations and European Integration, Polissia National University (7 Staryi Blvd, Zhytomyr, 10008, Ukraine)
Email: poliox@ukr.net
Kutsmus Nataliia M. – Doctor of Sciences (Economics), Associate Professor, Associate Professor, Department of International Economic Relations and European Integration, Zhytomyr National Agroecological University (7 Staryi Bivd., Zhytomyr, 10008, Ukraine)
Email: kutsmusn@ukr.net

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