SHS Web Conf.
Volume 74, 2020The 19th International Scientific Conference Globalization and its Socio-Economic Consequences 2019 – Sustainability in the Global-Knowledge Economy
|Number of page(s)
|Corporate Social Responsibility and Sustainable Strategies
|10 January 2020
Socio-economic Consequences of Globalization in Agriculture in Relation to Social Responsibility
University of Economics in Bratislava, Faculty of National Economy, Dolnozemska cesta 1, 852 35 Bratislava, Slovak Republic
* Corresponding author: email@example.com
Agriculture has allowed for people to settle in one place and stop moving for food. It made possible to survive and later trade. Agriculture was the main driver of the economy since the creation of the first states to the 20th century. In today’s globalized world, we consider an economically successful country where the industry dominates. Industry, compared to agriculture, offers greater opportunities for growth in gross domestic product. In addition to economic cycles, economic activities closely related to agriculture are also affected by climate fluctuations, pests, diseases, inadequate crops and others. Despite the fact that agricultural output is essential for life, agriculture has been on the second track. The stability and sustainable development of a country depends on the influence of various economic, non-economic and political factors. However, the low elasticity of agricultural production supply, dependence on natural conditions and the limited durability of production results can make agriculture a weak link in planning the further development of the country’s economy. The paper deals with the need for a socially responsible approach to agriculture and the identification of factors that can affect the stability of the economy, the sustainability of economic growth as well as the health of the population and the environment. Information for the preparation of this paper was drawn from the data of the Statistical Office, expert studies and economic literature. At the end of the paper is outlined the possible use of agriculture as a major industry in the context of solving some social problems.
© The Authors, published by EDP Sciences, 2020
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