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Multifunctionality of Agriculture in the Reality of Globalization Crisis

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Zinchuk T. , Kutsmus N. , Prokopchuk O. , Lagodiienko V. , Nych T. , Naumko Y.

Ecological Engineering & Environmental Technology

2021

tom Vol. 22, iss. 1

51--59

The article is devoted to the study of implementing the multifunctionality of agriculture in the context of the globalization crisis. In particular, it is the assessment of the indicators related to implementing the multifunctionality of agriculture concept in Ukraine, the mutual influence of the industry efficiency, and the efficiency of performing certain functions. The practical implementation of the multifunctionality of agriculture concept was proven. It has acquired conceptually new features under globalization, such as the diversification of functions and the integration into the global economic space. The expediency of distinguishing the globalization function of agriculture was substantiated. The function involves intensified integration of countries in the global economic processes due to the activation of international trade transactions with agricultural products, the participation in the implementation of global programs aimed at overcoming hunger and poverty. A close relationship between the economic efficiency of agriculture and the effectiveness related to the implementation of its functions, was established. The increased efficiency of the realization of economic and globalization functions of the industry was proven. It was substantiated that the activation of the social and ecological functions of agriculture requires consolidated efforts of business entities and state institutions.