Is there an Employment Cost to Agro-Industrial Innovation?
Agriculture is one of the few sectors in the Russian economy experiencing rapid expansion, generating strong returns while contributing to global and regional food security and spurring exports. Recent investments have led to a rise in quality and reduced losses during storage and transportation, while margins have been maintained. But more work remains to be done. What areas of Russian agro-industry are a priority for investment and development? How might expanded participation by foreign firms and shifts in global demand structure impact the sector over the next decade? What steps should be taken to further promote and stimulate domestic production and what is the right balance of import substitution and exports? What do businesses and the state need to do to support economic and social stability in the agricultural sector while establishing an environment in which innovation can be introduced to the industry?
