Assessment of the economic potential of Ukraine's agribusiness sector

Abstract

The sequence of research and the specifics of functioning of economic potential of agro-industrial complex of Ukraine are substantiated. The essence of the term "potential" and the concept of "economic potential" according to the views of scientists is presented. It is noted that domestic scientists also contributed to the development of economic potential, in particular, proposed the financial theory of social institutions. Its problems in nine components, including land, material, labor, infrastructure, export, machinery, equipment, crop, livestock, financial resources and managerial capacity have been substantially clarified. The significance of these problems and their causes have also been discovered. A classification of the hierarchy of this complex, including levels, components and resources, has been scientifically substantiated. The levels include the national, regional, branch, economic entity. The types of support are formed from the managerial, informational and organizational components. These components provide natural and climatic, land and territorial, labor, production, scientific, infrastructural, technical and technological, financial and export measures. The analysis of its functioning, particularly in such directions as land and budget support has been conducted. Based on a comparison of the main criteria of Ukraine and Poland a conclusion has been made about inefficient use of the domestic potential, rather insignificant budget support and essential lagging of Ukraine from Poland. Five principles were substantiated, namely the application of receptive theoretical constructions, the use of foreign and advanced domestic experience, the consolidation of efforts of scientists, state managers, specialists of profile public organizations, experts, reorientation of the structure of the food complex, the priority of financial resources. A number of tools have been developed and the feasibility of applying recommendations to improve the effectiveness of this potential has been argued. The conclusion concerning the importance of this potential in the economy of Ukraine and expediency of its further development is made.