Public policy of the state support for the development of bioeconomics and biotechnologies in Ukraine

  • K. S. Nesterova  Ph.d, Associated Professor, Associated Professor at the Department of Economics and International Economic Relations, International Humanitarian University http://orcid.org/0000-0002-4956-0469
  •  A. O. Yakovenkо PhD in Economics, Associate Professor of Accounting and Taxation Department of Odessa State Agrarian University http://orcid.org/0000-0002-7158-8310
  • M. M. Koroshenko Department of Public Administration and Innovation Management National University of Life and Environmental Scienсes of Ukraine http://orcid.org/0000-0002-3445-2297
Keywords: bioeconomy, circular economy, biotechnologies, sustainable development, public policy, mechanisms of state regulation.

Abstract

In modern conditions, the climate agenda is one of the key in the international arena, as climate threats are already a «mass weapon» that destroys not only traditional sectors of the national economy, especially agriculture, but also the population, forcing countries to develop and implement policies of the balanced attitude to resources. The key concept in terms of sustainable development is the bioeconomy. The lack of theoretical basis and multi-vector of the bioeconomy, as well as the need for its development in Ukraine in the context of the European integration direction determine the relevance of research in this area.

The purpose of the article is to identify current problems facing domestic enterprises in the process of implementing biotechnology, as well as the organizational and economic mechanism of their support in the context of the implementation of state strategic management of bioeconomy in Ukraine.

The scientific novelty is to provide recommendations for public management of bioeconomy development in Ukraine, taking into account the progressive world experience.

Conclusions. Bioeconomy is the latest concept of the organization of human activity, based on a frugal attitude to resources in order to ensure sustainable development of society. Domestic enterprises face certain problems that limit their ability to implement biotechnologies, the negative impact of which can be minimized through the implementation of effective state regulatory policy.

In order to develop the bioeconomy in Ukraine, a comprehensive state policy should be developed on strategic (formulation of strategic guidelines), legal (development of appropriate legal framework taking into account the recommendations of international organizations), instrumental (implementation of a set of economic methods, ways of direct and indirect influence, and also organizational and legal methods). Such a systematic approach to the development of the bioeconomy will contribute to the effective implementation of this concept in Ukraine.

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Published
2021-12-29
How to Cite
Nesterova , K., Yakovenkо  A. O., & Koroshenko, M. (2021). Public policy of the state support for the development of bioeconomics and biotechnologies in Ukraine . Scientific Papers of the Legislation Institute of the Verkhovna Rada of Ukraine, (6), 112-121. https://doi.org/10.32886/instzak.2021.06.12