Agrarian Economy 2023 Т. 16 № 3-4: 76-81
METHODS OF ATTRACTING FOREIGN INVESTMENTS IN THE AGRICULTURAL SECTOR OF THE ECONOMY ON THE EXAMPLE OF BRAZIL AND THEIR IMPLEMENTATION IN THE UKRAINIAN ECONOMY
https://doi.org/10.31734/agrarecon2023.03-04.076
ANNOTATION
Exploring the experiences of foreign countries can provide valuable lessons and strategies that can be adapted to Ukraine's agro-industrial complex. By studying these methods, policymakers and stakeholders in Ukraine can develop evidence-based approaches to attract foreign investment and promote sustainable agricultural development. Brazil has a successful experience of attracting foreign investment in the agricultural sector, which Ukraine can learn from and use to its advantage. The authors of the study have identified three main methods that have brought results in attracting foreign investment in Brazil's agricultural industry, including stimulation of research and innovation, reduction of bureaucratic processes, and privatization. These methods can significantly influence the attraction of foreign investment in Ukraine's agro-industrial complex. By encouraging research and development activities, such as cooperation between research institutions, universities, and private enterprises, Ukraine can promote technological progress, product diversification, and sustainable agricultural practices. These factors can make the country more attractive for investment as foreign investors look for opportunities to use advanced technology and gain a competitive advantage.
By minimizing bureaucratic processes, Ukraine can facilitate doing business, increase investor confidence, and attract foreign capital. This will contribute to the creation and expansion of agro-industrial projects, leading to an increase in the inflow of foreign investments. By divesting public assets and encouraging private sector participation, Ukraine can attract foreign investors interested in acquiring or partnering with existing agribusinesses. If carried out transparently and under fair conditions, privatization can improve the investment climate and generate foreign interest in the sector.
To successfully implement these measures, it is crucial to have a favorable legislative and regulatory framework, investment protection mechanisms, and consistent state strategies. By introducing such methods, Ukraine can ensure a permanent attraction and retention of foreign investments in Ukraine's agro-industrial complex.
KEY WORDS
agro-industrial complex, direct foreign investment, methods, investment attractiveness, privatization, lending
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