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Foreign economic activity of Ukrainian agrarian enterprises as a factor of accelerating their production modernization and implementing the innovation and investment processes of their development

Author

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  • Nikolay Іhnatenko

    (Pereiaslav-Khmelnytskyi Hryhorii Skovoroda State Pedagogical University)

Abstract

The subject of the research is the processes of influencing foreign economic activity on the modernization of production and innovation and investment processes of the development of agricultural enterprises. The purpose of the work to identify and assess the impact of foreign economic activity on the need for modernization and innovation and investment support for the development of agricultural enterprises in Ukraine, foreign experience in their implementation and problems that require urgent solutions to improve competitiveness in the European and world agricultural markets. The methodological basis of the article was monographic, historical, system-structural analysis and synthesis, statistical groupings, problem-target. Results of work. The influence of foreign economic activity on the need to modernize agricultural production and accelerate innovation and investment processes in the development of agricultural enterprises is revealed. The experience of organizing innovation and investment activities abroad is presented. The directions of innovation and sources of investment, as well as the forms of their attraction at the level of agricultural enterprises to maintain and increase their competitiveness in the external economic dimension have been determined. The field of application of results. The results can be used by enterprises united by territorial communities, regional and state authorities. Conclusions. The prospects of agricultural enterprises, their foreign economic activity and competitiveness in foreign agricultural markets are associated with the implementation of innovative and innovative investment projects. However, their introduction has not yet become widespread. Summarizing the procedure for their implementation, it is possible to identify the main problems of their implementation at the level of agricultural enterprises. Now it is imperfection and lack of formation of institutional support; a limited list of assets that banks can accept as collateral.

Suggested Citation

  • Nikolay Іhnatenko, 2020. "Foreign economic activity of Ukrainian agrarian enterprises as a factor of accelerating their production modernization and implementing the innovation and investment processes of their development," University Economic Bulletin, Hryhorii Skovoroda University in Pereiaslav, Faculty of Financial, Economic and Vocational Education, issue 47, pages 17-22, December.
    • Handle: RePEc:aff:colart:y:2020:i:47:p:17-22
    DOI: https://doi.org/10.31470/2306-546X-2020-47-17-22
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