Institutional Traps and Externalities of Sustainable Development of the Mining Country in Transition to Digital and Knowledge Economy

The content, boundaries, development vector and expected results of the sustainable development policy today rightfully belong to one of the most debated issues in the scientific community. The imperative of solving the critical problem of replacing the dominant world order based on the extraction o...

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Main Authors: Dotsenko Elena, Ezdina Natalia, Cagáňová Dagmar, Mudrova Svetlana
Format: Article
Language:English
Published: EDP Sciences 2020-01-01
Series:E3S Web of Conferences
Online Access:https://www.e3s-conferences.org/articles/e3sconf/pdf/2020/34/e3sconf_iims2020_04039.pdf
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author Dotsenko Elena
Ezdina Natalia
Cagáňová Dagmar
Mudrova Svetlana
author_facet Dotsenko Elena
Ezdina Natalia
Cagáňová Dagmar
Mudrova Svetlana
author_sort Dotsenko Elena
collection DOAJ
description The content, boundaries, development vector and expected results of the sustainable development policy today rightfully belong to one of the most debated issues in the scientific community. The imperative of solving the critical problem of replacing the dominant world order based on the extraction of mineral raw materials carries the risk of increasing economic isolationism. This threatens to eliminate the economics of extracting products from technological production chains that meet the needs of modern consumers around the world, and the loss of technological identity of the industry. For the transition of an economy with a developed commodity sector to the path of sustainable development, modernization of industry on a new technological basis is required and saturation of the domestic market with environmentally friendly production requires, on the one hand, the import of technologies, and on the other, significant “environmental technologies connected” investments. Therefore, sustainable development should be both a goal and, at the same time, the result of a new industrialization of the economy, cannot set itself the goal of enhancing isolation from the global raw materials market.
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spelling doaj.art-a0f684c6fa2342e993c1b9f2f379666f2022-12-21T23:43:33ZengEDP SciencesE3S Web of Conferences2267-12422020-01-011740403910.1051/e3sconf/202017404039e3sconf_iims2020_04039Institutional Traps and Externalities of Sustainable Development of the Mining Country in Transition to Digital and Knowledge EconomyDotsenko Elena0Ezdina Natalia1Cagáňová Dagmar2Mudrova Svetlana3Plekhanov Russian University of Economics, Department of Political Economy and History of Economic SciencePlekhanov Russian University of Economics, Department of Political Economy and History of Economic ScienceSlovak University of Technology in BratislavaPlekhanov Russian University of Economics, Department of Political Economy and History of Economic ScienceThe content, boundaries, development vector and expected results of the sustainable development policy today rightfully belong to one of the most debated issues in the scientific community. The imperative of solving the critical problem of replacing the dominant world order based on the extraction of mineral raw materials carries the risk of increasing economic isolationism. This threatens to eliminate the economics of extracting products from technological production chains that meet the needs of modern consumers around the world, and the loss of technological identity of the industry. For the transition of an economy with a developed commodity sector to the path of sustainable development, modernization of industry on a new technological basis is required and saturation of the domestic market with environmentally friendly production requires, on the one hand, the import of technologies, and on the other, significant “environmental technologies connected” investments. Therefore, sustainable development should be both a goal and, at the same time, the result of a new industrialization of the economy, cannot set itself the goal of enhancing isolation from the global raw materials market.https://www.e3s-conferences.org/articles/e3sconf/pdf/2020/34/e3sconf_iims2020_04039.pdf
spellingShingle Dotsenko Elena
Ezdina Natalia
Cagáňová Dagmar
Mudrova Svetlana
Institutional Traps and Externalities of Sustainable Development of the Mining Country in Transition to Digital and Knowledge Economy
E3S Web of Conferences
title Institutional Traps and Externalities of Sustainable Development of the Mining Country in Transition to Digital and Knowledge Economy
title_full Institutional Traps and Externalities of Sustainable Development of the Mining Country in Transition to Digital and Knowledge Economy
title_fullStr Institutional Traps and Externalities of Sustainable Development of the Mining Country in Transition to Digital and Knowledge Economy
title_full_unstemmed Institutional Traps and Externalities of Sustainable Development of the Mining Country in Transition to Digital and Knowledge Economy
title_short Institutional Traps and Externalities of Sustainable Development of the Mining Country in Transition to Digital and Knowledge Economy
title_sort institutional traps and externalities of sustainable development of the mining country in transition to digital and knowledge economy
url https://www.e3s-conferences.org/articles/e3sconf/pdf/2020/34/e3sconf_iims2020_04039.pdf
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