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The agribusiness ecosystem as a way to a balanced recovery of the agrarian economy of Ukraine

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  • Natalia SKOROBOGATOVA

    (Department of International Economics, National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”, Ukraine)

Abstract

The recovery of Ukraine's economy requires a systematic approach. Correlation analysis confirmed the high degree of dependence of Ukraine's GDP on the volume of agricultural products. The study of trends in the development of the industry revealed a number of problems: the predominance of economic goals over growing environmental threats, the production of products with low added value, high dependence on exports, and others. The creation of an agribusiness ecosystem has been proposed in the development of a strategy for post-war recovery. Innovative technologies of Industry 4.0 will make this transition more efficient. To evaluate the effectiveness of the created agribusiness ecosystem, an integral indicator of balanced development is proposed. Based on the analysis of the economic, environmental, social, innovative spheres, the application of four directions to evaluate the outcome for all actors of the agribusiness ecosystem is substantiated. This approach contributes to the overall recovery of the national economy.

Suggested Citation

  • Natalia SKOROBOGATOVA, 2023. "The agribusiness ecosystem as a way to a balanced recovery of the agrarian economy of Ukraine," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 14, pages 198-226, June.
    • Handle: RePEc:jes:journl:y:2023:v:14:p:198-226
    DOI: https://doi.org/10.47743/ejes-2023-0110
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