Peculiarities of National Systems of Global Agricultural Credit Cooperation and Their Adaptation to Russian Conditions

Yuri Kozenko, Konstantin Kozenko, Svetlana Zemlyanitsyna
European Research Studies Journal, Volume XVIII, Issue 3, 149-166, 2015
DOI: 10.35808/ersj/462


The article views financial peculiarities which emerged in the process of appearance, functioning, and development of various systems of agricultural credit cooperation. Common and different features of principles of credit cooperative formation in Europe, USA, Latin America, and Asian-Pacific region are viewed. Experience of development of agricultural credit cooperation of Russia and its involvement in international cooperation programs are studied. As a research method, systemic approach to study of historical experience of organization of agricultural credit cooperation, as well as comparative, structural, and functional analysis, was used. It was determined that systems of agricultural credit cooperation, which develop in a sustainable manner, showed extraordinary feasibility in various manifestations of economic crises due to them being built on the basis of existing horizontal ties of shareholders and formation of effective management system, built on practical implementation of principles of ethical economy. Appearance and aggravation of internal contradictions in the system of agricultural credit cooperation are viewed. The authors come to the conclusion that these contradictions have deeper basis than peculiarities of national economy and are connected to differences between principal theoretical preconditions of emergence and development of credit cooperation. Various interests which lie in the basis of emergence of specific cooperative associations come to the surface of economic reality as initial factors, which, in the process of development, show their contradiction to general tendencies of development of national economy, tendencies in the global division of labor, and global competition in conquering markets for sales of agricultural products.

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