Sustainable and Resilient International Agricultural Trade: Global Uncertainty and Regional Reactions

Анотація

The research presents a complex analysis of modern tendencies in agricultural sector development focusing on the interaction between sustainable and resilient development concepts and international trade. The linear regression analysis established a statistically significant dependence between production volume, input costs, and export volumes. The influence of several factors on the agricultural sector's efficiency has been confirmed, making the results significant for forming development strategies and management solutions in agriculture. As a complying carrying out the clustering analysis, a group of countries whose approaches to agricultural sector development most fully comply with sustainability principles and whose efficiency of trade activity of agricultural products tends to rise constantly, has been distinguished. It has been highlighted that the European Union is an example of one of the most efficient combinations of economic and trade relationships and sustainable development. Major determinants of economic development in the industry have been distinguished within the context of agricultural production and trade transformation. Fundamental pillars of its transformation, in particular, the concept of bioeconomy and innovative technology implementation, have been defined. It has been highlighted that the effectiveness of bioeconomic policy substantially depends on regional peculiarities and the readiness of a country to adjust these strategies to its economic context. Using the integration of statistical methods and theoretical models, strategies of sustainable and resilient development in the agricultural sector under global economic and ecological challenges have been formed considering future generations' need to use the planet's resources efficiently

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