New Industrial Conditions of Sustainable Development of Mineral Resource Dependent Russian Economy in High Volatility Conditions

The conditions for the transition to sustainable development and new industrial transformation for resource-dependent countries are closely linked. With the increasing volatility of the world market of raw materials and finance, the innovative modernization of the extractive industries, as the basis...

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Main Authors: Skryl Tatiana, Shavina Evgeniya, Dotsenko Elena
Format: Article
Language:English
Published: EDP Sciences 2019-01-01
Series:E3S Web of Conferences
Online Access:https://www.e3s-conferences.org/articles/e3sconf/pdf/2019/31/e3sconf_iims18_04049.pdf
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author Skryl Tatiana
Shavina Evgeniya
Dotsenko Elena
author_facet Skryl Tatiana
Shavina Evgeniya
Dotsenko Elena
author_sort Skryl Tatiana
collection DOAJ
description The conditions for the transition to sustainable development and new industrial transformation for resource-dependent countries are closely linked. With the increasing volatility of the world market of raw materials and finance, the innovative modernization of the extractive industries, as the basis of the new industrialization of the economy, is experiencing significant difficulties. The article analyzes the problems of transition of the resource-dependent Russian economy to sustainable development, associated with the slowdown of the process of new industrialization in the context of the world market volatility. The authors assessed the new industrialization of the Russian economy following the 5-year period of sanctions imposed by Western countries. The article provides a theoretical review of the concept of the influence of sanctions on transition to sustainable development. The authors concluded that the mineral resources export-oriented strategy of the Russian economy still gives positive results, although the internal structure of the Russian economy has not changed significantly.
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spelling doaj.art-64018be250004e55862ec59c5bf100142022-12-21T17:26:10ZengEDP SciencesE3S Web of Conferences2267-12422019-01-011050404910.1051/e3sconf/201910504049e3sconf_iims18_04049New Industrial Conditions of Sustainable Development of Mineral Resource Dependent Russian Economy in High Volatility ConditionsSkryl Tatiana0Shavina Evgeniya1Dotsenko Elena2Plekhanov Russian University of Economics, Academic Department of Political Economy and History of Economic SciencePlekhanov Russian University of Economics, Academic Department of Economic TheoryPlekhanov Russian University of Economics, Academic Department of Economic TheoryThe conditions for the transition to sustainable development and new industrial transformation for resource-dependent countries are closely linked. With the increasing volatility of the world market of raw materials and finance, the innovative modernization of the extractive industries, as the basis of the new industrialization of the economy, is experiencing significant difficulties. The article analyzes the problems of transition of the resource-dependent Russian economy to sustainable development, associated with the slowdown of the process of new industrialization in the context of the world market volatility. The authors assessed the new industrialization of the Russian economy following the 5-year period of sanctions imposed by Western countries. The article provides a theoretical review of the concept of the influence of sanctions on transition to sustainable development. The authors concluded that the mineral resources export-oriented strategy of the Russian economy still gives positive results, although the internal structure of the Russian economy has not changed significantly.https://www.e3s-conferences.org/articles/e3sconf/pdf/2019/31/e3sconf_iims18_04049.pdf
spellingShingle Skryl Tatiana
Shavina Evgeniya
Dotsenko Elena
New Industrial Conditions of Sustainable Development of Mineral Resource Dependent Russian Economy in High Volatility Conditions
E3S Web of Conferences
title New Industrial Conditions of Sustainable Development of Mineral Resource Dependent Russian Economy in High Volatility Conditions
title_full New Industrial Conditions of Sustainable Development of Mineral Resource Dependent Russian Economy in High Volatility Conditions
title_fullStr New Industrial Conditions of Sustainable Development of Mineral Resource Dependent Russian Economy in High Volatility Conditions
title_full_unstemmed New Industrial Conditions of Sustainable Development of Mineral Resource Dependent Russian Economy in High Volatility Conditions
title_short New Industrial Conditions of Sustainable Development of Mineral Resource Dependent Russian Economy in High Volatility Conditions
title_sort new industrial conditions of sustainable development of mineral resource dependent russian economy in high volatility conditions
url https://www.e3s-conferences.org/articles/e3sconf/pdf/2019/31/e3sconf_iims18_04049.pdf
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AT dotsenkoelena newindustrialconditionsofsustainabledevelopmentofmineralresourcedependentrussianeconomyinhighvolatilityconditions