MODERNIZATIONAL IMPERATIVE OF THE DEVELOPMENT OF THE FOOD COMPLEX OF UKRAINE

• Main Authors: Taras Pepa, Mykola Butko
• Format: Article
• Language: English
• Published: Cahul State University ”B.P.Hasdeu” 2018-05-01
• Series: Scientific Journal of Cahul "Bogdan Petriceicu Hasdeu" State University: Economic & Engineering Studies
• Online Access: http://jees.usch.md/wp-content/uploads/2018/05/1-5.pdf

The article focuses on the principles of efficient utilization of the Ukrainian food complex modernizational potential in the context of ensuring food security in the country and supporting economic growth in order to improve wellbeing of the people. Presented is the organizational-economic mechanism for modernizational development of the food complex with determination of key blocks to support innovative processes in the food complex. Based on analysis of statistical data and recent developmental trends in the food complex and economy in general suggested are key principles and main directions for improvement of the situation with food production and efficient utilization of existing potential in the sector. Innovation-investment and knowledge generation efforts are stressed as key in obtaining and sustaining economic growth throughout the food complex and entire economy.