scholarly journals Support of Small and Medium-Sized Business as a Strategic Vector of Sustainable, Competitive and Balanced Development of the Region

2019 ◽  
pp. 134-142 ◽  
Author(s):  
Anastasiya Ostovskaya
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Developed Countries ◽  
Entrepreneurial Activity ◽  
Regional Competitiveness ◽  
Balanced Development ◽  
Specific Target ◽  
The Impact ◽  
Strategic Reserve ◽  
Structural Shifts

Structural shifts in the country’s economy destabilize the macroeconomic situation and require consolidation of the efforts of the state as a whole and regions, in particular in the search for opportunities and internal reserves for increasing competitiveness. Today, the main strategic reserve capable of ensuring the development of the country and regions is entrepreneurial potential. The paper presents an analysis of the indicators of SMB development in developed countries, where its share in the GDP makes over 50 %. The author carries out the analysis of the development of small and medium-sized business in Russia, studies the documents regulating the issues of entrepreneurial activity and promoting the development of small and medium-sized business in the context of individual entrepreneurial initiative support. The plan of measures for the development of small and medium-sized entreprises in Russia with deadlines, responsible authorities and specific target indices is provided. The essence of entrepreneurial potential of the region is studied. An assessment of its components in the context of the impact on regional competitiveness is carried out. The recommendations and advantages of developing the potential of entrepreneurial structures of the region based on cluster associations are presented. The sequence of actions for the formation of a strategy for the transition to sustainable development of entrepreneurial structures is determined on the basis of the approach, which provides for the balance of the economic development of SMB.

scholarly journals DETERMINANTS OF INVESTMENT SPHERE DEVELOPMENT IN THE CONTEXT OF THE MODERN ECONOMIC PARADIGM

2020 ◽  
Vol 5 (5) ◽  
pp. 54
Author(s):  
Oksana Kazak ◽  
Tetyana Obelets
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Developed Countries ◽  
Scientific Paper ◽  
Entrepreneurial Activity ◽  
Investment Climate ◽  
Industrial Transformation ◽  
Fixed Capital Formation ◽  
Analytical Estimation ◽  
Kyiv Polytechnic Institute

The aim of the article is to illuminate the modern paradigm of the globalization economic environment, which shows the gradual end of the decade of “crisis-free” growth of the world economy and, accordingly, the nearing to the next global economic crisis; to cover the importance of attracting investment and implementing a specific national industrial policy as one of the key factors of development; to outline the problems of prevention, forecasting and analysis of risks arising in the investment sphere in the context of providing conditions for sustainable development of the Ukrainian economy. The subject of the study is: the monitoring of investment sector indicators that determine the potential of economic development and provide an analytical assessment of the risks posed in the investment sphere in the context of ensuring the conditions of sustainable development of the Ukrainian economy. Methodology. The article uses the complex approach with the application of methods of simulation and econometric modeling for analytical estimation of gross fixed capital formation as a key investment indicator in the current economic conditions of Ukraine. Results. The conducted study clearly demonstrates not only the presence but also the obvious deepening of the imbalance between the current state of attracting foreign investments and actual needs in technological and physical renewal of the production sphere. The consequence is a real threat of loss of potential for economic development. Some measures have been identified to improve the investment climate, and the key ones are the provision of state support for reforming the Ukrainian economy in terms of improving the investment climate and stimulating the innovative potential of entrepreneurial activity. The practical implications of this study are to identify the lack of innovation strategy, which deepens Ukraine’s technological backwardness compared to developed countries in general, and the EU countries, in particular, and keeps the inefficient and destructive natural-production base of Ukrainian economy. Value/originality. This research was carried out within the framework of the implementation of a scientific paper of the Department of Theoretical and Applied Economics of National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute (No. 0112U007817) on the topic: “Globalization of industrial capacity formation trends in the terms of post-industrial transformation”.

scholarly journals The Convergent Structural Base of Sustainable Development in the 21st Century

2019 ◽  
Vol 134 ◽  
pp. 03013 ◽  
Author(s):  
Sergey Zhironkin ◽  
Michal Cehlar ◽  
Vitaly Zhironkin
Keyword(s):  
Sustainable Development ◽  
21St Century ◽  
Developed Countries ◽  
Environmental Safety ◽  
Social Progress ◽  
Technological Convergence ◽  
New Type ◽  
The Impact ◽  
Structural Base ◽  
Structural Shifts

Sustainable development is a symbiosis of technological and social progress, as well as responsible environmental management, should not rely on old industries that actively consume non-renewable natural resources, but on new, convergent-technological ones. In this paradigm, the environmental safety of future generations is formed by structural shifts in the economies of advanced countries caused by the expansion of technological convergence. Technological convergence – the result of accelerating scientific and technological progress in the 21st century – has a transformative effect on the economies of developed countries, forming a new type of sectorial genesis. It is not related to the deepening of sectorial specialization or inter-industry cooperation within the framework of the evolution of basic technologies, but to the emergence of technologies of a fundamentally new type, formed as a result of the merger of know-how from different industries. The structural shifts arising from technological convergence do not have the historical analogues and forms of regulation developed by industrial policies of developed countries. The article outlines the key statements of the the impact of convergent technologies on the structural base of sustainable development.

Small Agribusiness in Ensuring Sustainable Development of Rural Areas in Russia

2020 ◽  
pp. 38-42
Author(s):  
A.I. Chernykh ◽  
◽  
O.V. Goncharenko ◽  
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
National Security ◽  
Rural Areas ◽  
Economic Potential ◽  
Rural Settlements ◽  
Resource Potential ◽  
Peasant Farmer ◽  
Balanced Development ◽  
Socio Economic Development

Rural settlements occupy a significant part of the territory of Russia, where about 25% of the population lives and significant natural resource potential is concentrated, but the level of their socio-economic development is significantly inferior to urban ones. Increasing depressiveness of rural areas and spatial socio-economic differentiation is a systemic problem and an obstacle to the balanced development of the national economy, reduces its competitiveness due to insufficient use of economic potential, creates challenges to the economic and national security of the state. A powerful tool for countering such trends is the formation and implementation of the potential for the development of small agribusiness, which is mainly based on households created in the form of peasant (farmer) and personal subsidiary associations. The article ana-lyzes the potential of small agribusiness development in rural areas.

scholarly journals Challenges and Sustainability of China’s Socio-Economic Stability in the Context of Its Demographic Development

Societies ◽  
2021 ◽  
Vol 11 (1) ◽  
pp. 22
Author(s):  
Andrea Čajková ◽  
Peter Čajka
Keyword(s):  
Economic Development ◽  
Pension System ◽  
Population Policy ◽  
Developed Countries ◽  
Economic Stability ◽  
Demographic Development ◽  
Demographic Challenges ◽  
Family Behavior ◽  
Socio Economic Development ◽  
The Impact

Like many developed countries in the world, China currently faces many serious demographic challenges that pose a potential risk to the country’s socio-economic development and stability. The current demographic development and trend is characterized by a change in the reproductive behavior of the population, characterized by a decline in birth rates, a change in family behavior, and a shift in the value system. This paper is aimed at identifying the impact of population policy and the degree of its influence on both the economic and social system of the country. Based on a deterministic approach, the findings reveal and demonstrate the serious demographic challenges facing China, and we are noting that there is no guarantee that parametric adjustments, such as shifting the retirement age, will de facto ensure the financial health of the pension system by preventing bankruptcy. We point out the risks and prospects for the sustainability of China’s socio-economic development based on an analysis of past and current Chinese demographic policy.

scholarly journals The Impact of Sustainability Awareness and Moral Values on Environmental Laws

2021 ◽  
Vol 13 (11) ◽  
pp. 5882
Author(s):  
Rita Yi Man Li ◽  
Yi Lut Li ◽  
M. James C. Crabbe ◽  
Otilia Manta ◽  
Muhammad Shoaib
Keyword(s):  
Sustainable Development ◽  
Developing Countries ◽  
Environmental Law ◽  
Developed Countries ◽  
Moral Values ◽  
Web Pages ◽  
Environmental Legislation ◽  
Environmental Laws ◽  
Academic Publications ◽  
The Impact

We argue that environmental legislation and regulation of more developed countries reflects significantly their moral values, but in less developed countries it differs significantly from their moral values. We examined this topic by using the keywords “sustainability” and “sustainable development”, studying web pages and articles published between 1974 to 2018 in Web of Science, Scopus and Google. Australia, Zimbabwe, and Uganda were ranked as the top three countries in the number of Google searches for sustainability. The top five cities that appeared in sustainability searches through Google are all from Africa. In terms of academic publications, China, India, and Brazil record among the largest numbers of sustainability and sustainable development articles in Scopus. Six out of the ten top productive institutions publishing sustainable development articles indexed in Scopus were located in developing countries, indicating that developing countries are well aware of the issues surrounding sustainable development. Our results show that when environmental law reflects moral values for betterment, legal adoption is more likely to be successful, which usually happens in well-developed regions. In less-developed states, environmental law differs significantly from moral values, such that changes in moral values are necessary for successful legal implementation. Our study has important implications for the development of policies and cultures, together with the enforcement of environmental laws and regulations in all countries.

Macro-economic Factors Influencing Tourism Entrepreneurship: The Case of Kazakhstan

2021 ◽  
pp. 097135572098143
Author(s):  
Aizhan Tleuberdinova ◽  
Zhanat Shayekina ◽  
Dinara Salauatova ◽  
Stephen Pratt
Keyword(s):  
Economic Development ◽  
Emerging Economies ◽  
Negative Relationship ◽  
National Income ◽  
Tourism Development ◽  
Entrepreneurial Activity ◽  
Macroeconomic Factors ◽  
Distributed Lag ◽  
Tourism Sector ◽  
The Impact

Tourism development contributes to economic development. In emerging economies like Kazakhstan, tourism development needs active entrepreneurship. As the country emerges from the post-Soviet era, there has been an increase in economic development and prosperity. Entrepreneurship in the tourism sector can drive economies forward through the creation of new tourism and hospitality businesses. The macroeconomic environment can influence entrepreneurial activity. We use an autoregressive distributed lag (ARDL) model to examine the impact of macroeconomic factors on tourism entrepreneurship in Kazakhstan. Using data from 1996 to 2018, we find that there is a positive short-run relationship between wages in the tourism sector and entrepreneurship, suggesting that wage growth in the sector attracts entrepreneurs. In the long run, however, tourism sector wages have a negative relationship with entrepreneurship, suggesting that these higher wages represent a higher cost to entrepreneurship. There is also a strong positive relationship between national income and tourism entrepreneurship in Kazakhstan. Implications of macroeconomic policy changes for Kazakhstan and other emerging economies are discussed.

scholarly journals Human Rights in the Least Developed Countries of Asia: An Index for Quantifying Sustainable Development Goal 3 (Good Health and Wellbeing)

2021 ◽  
Vol 18 (9) ◽  
pp. 4747
Author(s):  
Karen G. Añaños Bedriñana ◽  
José Antonio Rodríguez Martín ◽  
Fanny T. Añaños
Keyword(s):  
Sustainable Development ◽  
Maternal Education ◽  
Good Health ◽  
Developed Countries ◽  
Least Developed Countries ◽  
Sustainable Development Goal ◽  
Distance Method ◽  
Development Goal ◽  
Health And Wellbeing ◽  
The Impact

This paper aims to measure disparities among the variables associated with Sustainable Development Goal (SDG) 3 defined by the United Nations (UN) in the least developed countries (LDCs) of Asia. In the terms of the UN Conference on Trade and Development, LDCs are countries with profound economic and social inequalities. The indicator was constructed using a set of variables associated with SDG3: Good Health and Wellbeing. Applying Pena’s DP2 distance method to the most recent data available (2018) enables regional ordering of Asia’s LDCs based on the values of these variables. The index integrates socioeconomic variables that permit examination of the impact of each individual indicator to determine territorial disparities in terms of the partial indicators of SDG3. “Maternal education,” “Proportion of women who make their own informed decisions regarding sexual relations, contraceptive use, and reproductive health care,” and “Gender parity index in primary education” are the most important variables in explaining spatial disparities in good health and wellbeing in the LDCs of Asia.

scholarly journals The Innovation-Driven Impact on Economic Structure Transition. The Case of China

2017 ◽  
Vol 53 (4) ◽  
pp. 9-26
Author(s):  
Hailun Zhang ◽  
Sheng Xu
Keyword(s):  
Economic Development ◽  
Driving Force ◽  
Economic Structure ◽  
Developed Countries ◽  
Structure Transition ◽  
Tertiary Industry ◽  
Industrial Sectors ◽  
Belt And Road ◽  
The Impact ◽  
Plsr Model

AbstractThe research measures the driving force of innovation in economic structure transition. In order to change the pattern of economic development, China is implementing a strategy of innovation-driven development. China’s capacity of innovation has been increasing, especially since 2012, and China’s innovations have taken a leap-forward development. Nowadays, innovation has become a main driving force in China’s economic development and hi-tech industries particularly make a great contribution. Although China’s tertiary industry has been dominant and its share in three industrial sectors has been exceeding 50% since 2015, a problem still exists in China’s economy that the proportions of primary and secondary industries are relatively higher compared with developed countries. In this paper we use PLSR model to measure the impact of innovation on China’s economic structure transition. It is found that innovation can expand the tertiary industry through shrinking the proportions of primary and secondary industries, transforming China’s economic structure into a more advanced pattern. Additionally, China is also devoting itself to the “Belt and Road Initiative”, which should be combined with China’s domestic innovation-driven development and realize sustainable development of economy worldwide.

CONCEPTUAL PRINCIPLES OF ACHIEVING INTELLECTUAL LEADERSHIP

2021 ◽  
Vol 6 (2) ◽  
pp. 100-104
Author(s):  
Liudmyla Tsymbal
Keyword(s):  
Economic Development ◽  
Intellectual Capital ◽  
Global Economy ◽  
Physical Capital ◽  
Developed Countries ◽  
Educational Process ◽  
High Tech ◽  
The Impact ◽  
Intellectual Leadership

The article identifies the key conceptual foundations for the formation of intellectual leadership of economic entities, including countries as specific actors in the global economy. Thorough preconditions for increasing the level of economic development and the impact of education have been identified. It is determined that historical concepts and modern realities of economic activity only actualize the role of education and enlightenment in the economic development of the national economy and ensuring its competitiveness. The strategies of increasing the competitiveness of individual countries of the world are analyzed, their key priorities in the conditions of formation of the knowledge economy are determined. The evolution of views on the role of human and intellectual capital in increasing the welfare of countries, the impact on GDP and other macroeconomic indicators is described. The ratings of countries are analyzed, in particular by the level of investment in intellectual capital and the structure of their GDP, which confirms the dominance of science-intensive economic activities. In addition, it was determined that the leading countries are characterized by increasing the role of knowledge-intensive activities, increasing the share of intangible assets, redistribution of capital of leading international companies and increasing research spending, increasing investment in human and intellectual capital, increasing exports of high-tech products. Analytical assessment confirms the advanced development of science-intensive industries in countries with developed economies, which creates the need for training and retraining of specialists needed for such industries. In modern conditions, the educational process ceases to be predominantly the prerogative of young people, and becomes a lifelong process, which increases spending on education in developed countries, but without denying the significant asymmetries on this indicator. Research confirms the direct relationship between the quality of human and physical capital and economic development, which is typical of highly developed countries, one of the main reasons for the development lag of the poorest countries. In addition, the article substantiates the key factors of intellectual leadership and their impact on the development of economic development strategies.

scholarly journals THE IMPACT OF TAX GAPS ON THE FINANCIAL AND ECONOMIC SECURITY OF THE COUNTRY

2021 ◽  
Author(s):  
Inna Tiutiunyk ◽  
Julia Belous
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Tax Evasion ◽  
Negative Impact ◽  
Economic Security ◽  
Financial Policy ◽  
Important Place ◽  
Complex Concept ◽  
Tax Revenues ◽  
The Impact

Trends in the development of the main components of financial and economic security of the country indicate their significant variability and dependence on a combination of internal and external factors. An important place among the drivers of influence on the level of financial and economic security is occupied by tax revenues. Given the prolonged national and transnational market turbulence, which is observed in most sectors of the economy, one of the biggest threats to the financial and economic security of most countries is the presence of a significant volume of shadow operations. The consequences of their implementation are the lack of tax revenues in the budget and the reduction of the country's financial viability in financing economic development programs. The purpose of the article is to study the impact of tax gaps on the level of financial and economic security of the country. In the paper, the essence of the financial and economic security of the country, which is proposed to be understood as a complex concept, integrates the features of economic and financial development of the economic system. Based on the systematization of scientific literatures, the main tasks and functions of financial and economic security of the country including realization of goals and objectives of financial policy and formation of favorable conditions for economically sustainable development and growth, highlights the characteristics of this concept are substantiated. The paper identifies three characteristic features of the financial and economic security of the country: as an indicator of its ability to protect the interests of society in a volatile external and internal environment; economically sustainable development and growth; leveling threats to the internal and external environment. The role of tax gaps in reducing the level of financial and economic security of the country is substantiated, the probability of formation of tax gaps in the economy is predicted, measures to minimize tax evasion as components of increasing its financial and economic security are proposed. The established interdependencies should serve as a basis for the transformation of state economic and financial policy in Ukraine in terms of minimizing the negative impact of the shadow sector of the economy on the indicators of economic development of the state.

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