STRATEGIC DIRECTIONS FOR IMPROVING INSTITUTIONAL SUPPORT FOR INVESTMENTS IN THE AGRICULTURAL SPHERE
Journal Title: International Interdisciplinary Scientific Journal "Expert" - Year 2024, Vol 1, Issue 5
Abstract
The article presents an analysis of the institutional support for the development of investment activity in the agricultural sector of Ukraine, which is considered as a set of legislative, regulatory, organizational and management mechanisms aimed at forming a favorable investment environment. It is proven that effective institutional support is an important factor for ensuring the development of the industry, its modernization and integration into global economic processes. It is determined that the modern system of regulation of investment activity is characterized by fragmentation, lack of clear coordination between state authorities, insufficient transparency of procedures and limited state support for small and medium-sized business entities. Existing management mechanisms need optimization, especially in terms of adaptation to modern challenges and conditions of international partnership. An integrated approach to improving institutional support is proposed, which considers the creation of a single coordinating body for managing financial flows, distributing resources and attracting international assistance. The introduction of such an institution, which will cooperate with international organizations (IMF, World Bank, EBRD), will allow achieving transparency of management processes, increasing the efficiency of resource allocation and reducing the risks of corruption. The article also substantiates the need to form agricultural technology parks as centers of innovative development, which will contribute to the introduction of modern technologies of precision agriculture, ecological production and energy saving, which will ensure increased efficiency of the agricultural sector and its export potential. Special attention is paid to the systematization of the decision-making process within the framework of institutional regulation. An algorithm of management actions is proposed, which covers the stages from problem analysis to monitoring of implementation and evaluation of results. It is summarized that the improvement of institutional support should be based on the introduction of modern monitoring technologies, such as digital platforms, geographic information systems, blockchain and big data. The results of the study can be the basis for developing strategies for the development of the agricultural sector aimed at improving the investment climate, stimulating innovation and integrating into international markets. Further research should focus on adapting best international practices, assessing the effectiveness of the proposed innovation mechanisms and developing a system of indicators for monitoring changes in the investment environment. The implementation of the proposed measures will ensure the sustainable development of the agricultural sector of Ukraine, strengthen its economic potential and contribute to food security.
Authors and Affiliations
Mariana Vykliuk, Andrii Lishchynskyi
Keywords
Related Articles
- EP ID EP754953
- DOI https://doi.org/10.62034/2815-5300/2024-v1-i5-001
- Views 38
- Downloads 0
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