Inclusive growth of agribusiness in the context of sustainable development of territorial communities

Abstract

In modern conditions, harmonizing the development of society, nature, and the economy is becoming a priority. For this, it is necessary to form a new philosophy that combines sustainable development with practical mechanisms involving all layers of society. This philosophy is known as "inclusive growth" and becomes the basis for the strategy of further development both at the global and national level, as well as at the levels of territorial communities and various spheres of entrepreneurship, including agribusiness. The method of this study is to determine the possibilities of inclusive growth of entrepreneurship in the context of sustainable development of territorial communities. The chances of inclusive agribusiness growth in the context of sustainable development of territorial communities are studied. Concepts and tasks of entrepreneurship are summarized. The signs of inclusive growth of agribusiness (in particular, social responsibility, sustainable economic growth, ecological balance, food security, and global stability) are characterized. The dynamics and structure of sales of agro-food products in Ukraine are analyzed. The negative impact of COVID-19 and Russia's unprovoked invasion of Ukraine is characterized. The relationship between agribusiness and the development of territorial communities is substantiated. The inclusive growth of agribusiness comes from implementing various measures and policies that promote the involvement of all sectors of society in this process. This means creating equal opportunities and conditions for participation in the agricultural industry for women, youth, people with disabilities, and low-income groups. Ensuring the sustainable development of agribusiness is related to balancing economic, social, and environmental aspects of the activity of agricultural enterprises. It is essential to develop the economy, improve the standard of living of the local population, and ensure the stability and preservation of natural resources. Inclusive growth and the most optimal and harmonious use of the resources of territorial communities in the context of sustainable development provide essential scientific and practical value, especially considering the need for strategic mobilization and reconstruction of Ukraine during the war period. Keywords: agribusiness, inclusive growth, sustainable development, territorial communities.