T. Nagachevska, PhD in Economics, Associate Professor, N. Plastovets, economist Taras Shevchenko National University of Kyiv, Kyiv FEATURES OF FOREIGN INVESTMENT AT VARIOUS STAGES OF THE AGRIBUSINESS GLOBAL VALUE CHAIN

The article justifies the conclusion that modern foreign investment trends in agriculture do not provide for the fundamental needs of the sector. The essence of the agribusiness global value chain and its stages is defined in the piece of research. The study demonstrates greater involvement of countries with developing and transition economies in international capital flows in the main segment of the agro-industrial complex – the agricultural production (farming) stage, likewise clear dominance of developed countries in foreign investment processes in international downstream and upstream segments. Investment trends in various sectors of the agribusiness global value chain are detected in the study. The article reveals factors that are increasingly driving foreign investment in agricultural production today. Approaches to designing and implementing government investment policy that is aimed at maximizing efficiency of the agrarian sector by means of foreign capital inflows are outlined in the study.
Keywords: foreign direct investment, transnational corporations, value chain, agrarian sector, food security problem, investment policy.

DOI: http://dx.doi.org/10.17721/1728-2667.2015/173-8/8

References
  1. Holoborodko, T. V. (2013), “Positive experience of China in managing investment processes in agrarian sector of economy”, Biznesinform, vol. 4, pp. 77–81. 2. United Nations Conference on Trade and Development (2009), “World investment report 2009: Transnational Corporations. Agricultural Production and Development. Overview”, World Investment Report Series, [Elektronniy resurs], available at: http://unctad.org/ru/docs/wir2009overview_ru.pdf, (Accessed 19 Aug 2015). 3. Drozd, N. V. (2013), “Sovereign wealth funds as special international investors under global financial downfall”, Visnyk Kyivskoho natsionalnoho universytetu im. Tarasa Shevchenka. Seriia: Ekonomika, vol. 144, pp. 7–10. 4. The official site of The Sime Darby Group (2015), “Investor Relations. Financial Results. 5-Year Financial Summary”, available at: http://www.simedarby.com/5_years_financial_summary.aspx (Accessed 19 Aug 2015). 5. Beintema, N. Stads, G. Fuglie, K. and Heisey, P. (2012), “ASTI Global Assessment of Agricultural R&D Spending: Developing Countries Accelerate Investment”, zthe Agricultural Science and Technology Indicators, International Food Policy Reseach Institute, Global Forum on Agricultural Research, [Elektronniy resurs], available at: http://www.asti.cgiar.org/pdf/ASTI_global_assessment.pdf (Accessed 19 Aug 2015). 6. The official site of The Financial Times magazine (2015), “FT 500 2015. Global 500 companies ranked by sector”, available at: http://www.ft.com/intl/cms/s/2/a352a706-16a0-11e5-b07f-00144feabdc0.html#axzz3jIBYd0FL (Accessed 21 Aug 2015). 7. The official site of The Financial Times magazine (2015), “FT 500 2015. Global 500 market value by sector”, available at: http://www.ft.com/intl/cms/s/2/a352a706-16a0-11e5-b07f-00144feabdc0.html#axzz3jIBYd0FL (Accessed 19 Aug 2015). 8. The official site of Food and Agriculture Organization of the United Nations, “Top 10 Countries by Agriculture Orientation Index”, available at: http://faostat3.fao.org/browse/I/IC/E (Accessed 19 Aug 2015). 9. International Finance Corporation (2014), “IFC Annual Report 2014: Big Challenges. Big Solutions”, IFC Annual Report Series, [Elektronniy resurs], available at: http://www.ifc.org/wps/wcm/connect/ 0edb7a004572ddb38bb6bb9916182e35/AR2014_Report.pdf?MOD=AJPERES (Accessed 19 Aug 2015). 10. The official site of International Trade Centre, “Investment Map – International Trade Statistics. Inward FDI by sector. Agriculture and hunting”, [Elektronniy resurs], available at: http://www.investmentmap.org/competitorCountry.aspx?selCtry=&selInds=A1&selOpt=&selYear= (Accessed 21 Aug 2015). 11.The official site of International Trade Centre, “Investment Map – International Trade Statistics. Outward FDI by sector. Agriculture and hunting”, [Elektronniy resurs], available at: http://www.investmentmap.org/potentialInvestor.aspx? selCtry=&selInds=A1&selOpt=&selYear= (Accessed 21 Aug 2015).
  2. The official site of International Trade Centre, “Investment Map – International Trade Statistics. Inward FDI by sector. Food, beverages and tobacco”, [Elektronniy resurs], available at: http://www.investmentmap.org/competitorCountry.aspx?selCtry=&selInds=A1&selOpt=&selYear= (Accessed 21 Aug 2015). 13.The official site of International Trade Centre, “Investment Map – International Trade Statistics. Outward FDI by sector. Food, beverages and tobacco”, [Elektronniy resurs], available at: http://www.investmentmap.org/potentialInvestor.aspx?selCtry=&selInds=A1&selOpt=&selYear= (Accessed 21 Aug 2015). 14.The Financial Times (2015), “The fDi Report 2015: Global greenfield investment trends”, The fDi Report Series, [Elektronniy resurs], available at: http://forms.fdiintelligence.com/report2015/ (Accessed 19 Aug 2015). 15. Food and Agriculture Organization of the United Nations (2015), “The State of Food and Agriculture: Investing in Agriculture for a Better Future”, The State of Food and Agriculture Series, [Elektronniy resurs], available at: http://www.fao.org/docrep/017/i3028e/i3028e.pdf (Accessed 19 Aug 2015). 16.Food and Agriculture Organization of the United Nations (2012), “Trends and Impacts of Foreign Investment in Developing Country Agriculture. Evidence from case studies”, FAO Publications, [Elektronniy resurs], available at: http://www.fao.org/fileadmin/templates/est/INTERNATIONAL-TRADE/FDIs/Trends_publication_12_November_2012.pdf (Accessed 19 Aug 2015). 17. The official site of the United Nations Conference on Trade and Development, “Gross domestic product: GDP by type of expenditure, VA by kind of economic activity, total and shares, annual, 1970-2014”, available at: http://unctadstat.unctad.org/wds/TableViewer/tableView.aspx?ReportId=95 (Accessed 19 Aug 2015). 18.The official site of The World Bank Group, “Data. Indicators. Agriculture, value added (% of GDP)”, available at: http://data.worldbank.org/indicator/NV.AGR.TOTL.ZS (Accessed 19 Aug 2015). 19.United Nations Conference on Trade and Development (2009), “World investment report 2009: Transnational Corporations. Agricultural Production and Development”, World Investment Report Series, [Elektronniy resurs], available at: http://unctad.org/en/Docs/wir2009_en.pdf (Accessed 19 Aug 2015). 20.The official site of the United Nations Conference on Trade and Development, “World Investment Report 2014, Annex Table No 26 Estimated world inward FDI flows, by sector and industry, 1990-1992 and 2010-2012”, available at: http://unctad.org/en/Pages/DIAE/World%20Investment%20Report/Annex-Tables.aspx.H (Accessed 4 Aug 2015). 21.The official site of the United Nations Conference on Trade and Development, “World Investment Report 2014, Annex Table No 27 Estimated world outward FDI flows, by sector and industry, 1990-1992 and 2010-2012”, available at: http://unctad.org/en/Pages/DIAE/World%20Investment%20Report/Annex-Tables.aspx.H (Accessed 4 Aug 2015). 22.United Nations Conference on Trade and Development (2009), “World investment report 2014: Investing in the SDGs: An Action Plan”, World Investment Report Series, [Online], available at: http://unctad.org/en/ PublicationsLibrary/wir2014_en.pdf (Accessed 19 Aug 2015). 23.United Nations Conference on Trade and Development (2009), “World investment report 2015: Reforming International Investment Governance”, World Investment Report Series, [Elektronniy resurs], available at: http://unctad.org/en/PublicationsLibrary/wir2015_en.pdf (Accessed 19 Aug 2015). 24. Fyliuk G., Pimenova O. 2015. The Analysis of Experience of Developed Countries in the Appliance of State Support in the System of Management and Agricultural Development. Bulletin of Taras Shevchenko National University of Kyiv. Economics., 5 (170), pp. 6-10. DOI: dx.doi.org/ 10.17721/1728-2667.2015/170-5/1

Download