Облік і фінанси (Sep 2021)
The Perspective of European Globalization and Capitalization of Agriculture in the Post-Covid Period
Abstract
Especially relevant at the present time is the study of the impact of the global crisis – a pandemic caused by the infection COVID-19 on the countries and the world's sustainable development. The consequences of the popular trend of globalization, a certain closedness of the principles of capitalization, and, of course, the impact of the global crisis caused by COVID-19 were investigated in the scientific work. The study aims to confirm the transformation of sustainable development trends and the transition from worldwide globalization to national capitalization of the agricultural entrepreneurship potential in the modern conditions of the global crisis of Covid-19. The goal will be achieved by tasks through accounting and analytical support and mathematical analysis of the quadratic correlation and regression dependence of the integrated indicator of sustainable development. Research methodology consist of analysis and collection of economic, environmental, and social data of agriculture in European countries. At this stage, the most significant indicators of six countries were selected: Ukraine, Germany, Hungary, Romania, Poland and Belarus. Index analysis was used for formation of an integral indicator – a sustainable development index. Also Microsoft Excel tools were used. An index analysis of the main indicators of sustainable development is provided in the paper. On the basis of the integrated index of sustainable development of agriculture, a trend line was built and a forecast of the vector of globalization/capitalization was made. An upward forecast of the integrated index of agriculture sustainable development, which indicates a continuous process of globalization was proved in the paper. This pattern corresponds to Belarus and Romania and was proved by the basis of imperial studies. The calculation and forecast of the transition from global globalization to national capitalization as a result of the impact of the pandemic and quarantine were presented in the scientific work too. This pattern is inherent in Hungary, Germany, Poland and Ukraine.
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