Posted on by

Samoilyk Iuliia

PhD in Economics, Associate Professor,

Department of Enterprise Economics,

Poltava State Agrarian Academy,

1/3 Skovoroda Str., Poltava, 36003, Ukraine


Sedláková Iveta

PhD in Economics,

College of International Management ISM Slovakia in Prešov,

3951/1 Duchnovičovo námestie Str., Prešov, 080 01, Slovak Republic




Abstract: The article deals the contemporary countries development trends on the world. Socio-economic cycles have been become shorter. The cyclical economy development is characterized by constant recessions and ascents. Under these conditions, crises will have been being occurred more and more often. Globalization affects the deepening of inequalities between countries and groups of people. Global inequalities deepen and advocate a significant risk of globalization, creating threats for effective socio-economic development of a large part of the world. Population distribution by regions and countries of the world is not proportional to socio-economic indicators of states development. Such globalization tends deepen to polarization between countries and increase inequality, which manifests itself in economic, environmental and social indicators. The population growth is a big problem for food security. But most developed countries begin to reduce the proportion of agri-food in favor of other complex industries. Under such conditions, Ukraine will be able to become an important player in the global agrarian market, provided that economic processes are improved. Under such conditions, if Ukraine will be improving economic processes, it will be able to become an important player in the global agricultural market.

Keywords: globalisation, socio-economic development, inequality, socio-economic cycles, agri-food market, food security.

JEL Classification: E10, F01, Q17.


AUSTRALIAN TRADE COMMISSION (AUSTRADE), 2002. Knowing and growing the exporter community. Austrade: Canberra. [online]. [cit. 2017-04-14]. Access: https://www.austrade.gov.au/…/Knowing-Growing-Report.pdf

BIGGS, T., SHAH, M. K., 2006. African SMES, networks, and Manu-facturing Performance. Journal of Banking and Finance, 30(11), 2006, pp. 3043-3066. ISSN 0378-4266.

BODDEWYN, J., TOYNE, B., & MARTÍNEZ, Z., 2004. The meanings of “international management”, Management International Review, 44(2), pp. 195-212.

CORINA, S. M., 2014. Globalization – An Anthropological Approach Procedia – Social and Behavioral Sciences,149, pp. 542-546.

COUNTRIES OF THE WORLD (TERRITORY, POPULATION, GDP), 2017. [Electronic resource]. Access: https://seosait.com/state-world-2016-territory-population-gdp

GUEDES, A. L., FARIA. A., 2007. Globalization and International Management: In Search of an Interdisciplinary Approach, Brazilian Administration Review, 4(2), pp. 20-39.

HILL, CHARLES W. L., 2009. International Business: Competing in the Global Marketplace. New York: McGrawHill/Irwin, 2009. 588 p. ISBN 10: 007811277X.

HOUSE, R., JAVIDAN, M., DORFMAN, P., 2001. Project GLOBE: An introduction. Applied Psychology: An International Review, 50(4), pp. 489-505. ISSN 1464-0597

HREHOVÁ, D., SVITAČOVÁ, E., BEDNÁR, M., 2017. The influence of the shadow economy on the socio-economic development of Ukraine. Perspectives – journal on economic issues, 1, 2017, pp. 127-135 ISSN 1339-8245

MARKINA, I., S’OMYCH, M., DIACHKOV, D., 2017. The influence of the shadow economy on the socio-economic development of Ukraine. Perspectives – journal on economic issues, 1, 2017, pp. 37-49. ISSN 1339-8245.

OPALKO, V. Inequality under the conditions of sustainable development, 2017, Socio-economic implications of the participation of post-socialist countries in the processes of European integration. Digest of materials of the II International Scientific Conference. September 20-22, 2017, Cherkasy, pp. 153-158.

THE GLOBAL RISKS REPORT 2017. [Electronic resource]. Access: http://www3.weforum.org/docs/GRR17_Report_web.pdf

U.S. DEPARTMENT OF AGRICULTURE, 2017. [Electronic resource]. Access: https://www.usda.gov.

OXFAM, 2014. Working for the few. Political capture and economic inequality. [Electronic resource]. Access: https://www.oxfam.org/sites/www.oxfam.org/files/bp-working-for-few-political-capture-economic-inequality-200114-en.pdf

WORLD BANK DATA, 2017. [Electronic resource]. Access: https://data.worldbank.org