Role of modernization in maintenance of a sustainable development of economy of region

This paper deals with the need to modernize the economy and society. The authors reveal meaningful context of the term "modernization" in relation to the Russian economy. Five priority areas of economic modernization, as initiated by the President, are considered. Species, types and source...

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Main Authors: Natal'ya Zinov'evna Solodilova, Diana Daniyarovna Mukhametova
Format: Article
Language:English
Published: Russian Academy of Sciences, Institute of Economics of the Ural Branch 2011-09-01
Series:Экономика региона
Subjects:
Online Access:http://www.economyofregion.com/archive/2011/37/1304/pdf/
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author Natal'ya Zinov'evna Solodilova
Diana Daniyarovna Mukhametova
author_facet Natal'ya Zinov'evna Solodilova
Diana Daniyarovna Mukhametova
author_sort Natal'ya Zinov'evna Solodilova
collection DOAJ
description This paper deals with the need to modernize the economy and society. The authors reveal meaningful context of the term "modernization" in relation to the Russian economy. Five priority areas of economic modernization, as initiated by the President, are considered. Species, types and sources of funding for modernization of the economy (optimization of budget expenditures, state monopolies, taxation, domestic and foreign investment and business research areas) are investigated. Based on the investigation of the essence and importance of the modernization process, a mechanism of modernization, which components are described in the paper (the process, purpose, types, objects, sources of financing, the results & process control and system upgrade) was developed. Based on the results of the conducted study, the potential for sustainable economic development of the region in the XXI century is presented. A fundamentally new set of its components (educational, human, scientific, innovation, natural resource, industrial, construction, agriculture and infrastructure & tourism potentials) is presented.
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spelling doaj.art-2a3f0a48b0d54c52ac39e34cb3f150ad2023-09-03T04:10:35ZengRussian Academy of Sciences, Institute of Economics of the Ural BranchЭкономика региона2072-64142411-14062011-09-012011325526110.17059/2011-3-31Role of modernization in maintenance of a sustainable development of economy of regionNatal'ya Zinov'evna Solodilova 0Diana Daniyarovna Mukhametova1State Educational Institution of Higher Professional Education «Ufa State Academy of Economics and Service» State Educational Institution of Higher Professional Education «Ufa State Academy of Economics and Service»This paper deals with the need to modernize the economy and society. The authors reveal meaningful context of the term "modernization" in relation to the Russian economy. Five priority areas of economic modernization, as initiated by the President, are considered. Species, types and sources of funding for modernization of the economy (optimization of budget expenditures, state monopolies, taxation, domestic and foreign investment and business research areas) are investigated. Based on the investigation of the essence and importance of the modernization process, a mechanism of modernization, which components are described in the paper (the process, purpose, types, objects, sources of financing, the results & process control and system upgrade) was developed. Based on the results of the conducted study, the potential for sustainable economic development of the region in the XXI century is presented. A fundamentally new set of its components (educational, human, scientific, innovation, natural resource, industrial, construction, agriculture and infrastructure & tourism potentials) is presented.http://www.economyofregion.com/archive/2011/37/1304/pdf/economypotentialmodernizationkindsdirectionsa sustainable development
spellingShingle Natal'ya Zinov'evna Solodilova
Diana Daniyarovna Mukhametova
Role of modernization in maintenance of a sustainable development of economy of region
Экономика региона
economy
potential
modernization
kinds
directions
a sustainable development
title Role of modernization in maintenance of a sustainable development of economy of region
title_full Role of modernization in maintenance of a sustainable development of economy of region
title_fullStr Role of modernization in maintenance of a sustainable development of economy of region
title_full_unstemmed Role of modernization in maintenance of a sustainable development of economy of region
title_short Role of modernization in maintenance of a sustainable development of economy of region
title_sort role of modernization in maintenance of a sustainable development of economy of region
topic economy
potential
modernization
kinds
directions
a sustainable development
url http://www.economyofregion.com/archive/2011/37/1304/pdf/
work_keys_str_mv AT natalyazinovevnasolodilova roleofmodernizationinmaintenanceofasustainabledevelopmentofeconomyofregion
AT dianadaniyarovnamukhametova roleofmodernizationinmaintenanceofasustainabledevelopmentofeconomyofregion