DOI: 10.33917/mic-2.109.2023.82-92

The article explores different approaches to the term “sustainability” existing in academic literature and used in practice. It describes three methods – two well-known ones and another one developed by the authors – used for quantitative assessment of the degree of economic and financial sustainability in regions. The regions include four Russian federal subjects in the Russian Arctic and three macroregions that include the aforesaid regions. The indicators used for the assessment are grouped by the following aspects: relevance to national projects, type of assessment scale, internal or external economic factors, and income or spending in a consolidated regional budget. The article explores and draws a distinction between the influence of external factors – indicators of the demographic and natural environments – on the economic sustainability of an area.  A comparative analysis is done for three Russian macroregions and four Arctic regions by degree of economic and financial sustainability. The regions and macroregions are ranked based on the results of the comparative analysis using the selected indicators. The ranking helps identify potential strategic vectors and their succession as well as criteria for improvement of economic sustainability in the Russian Arctic.

References:

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2. Bykovskaia E., Maiurova A., Kustikova M., Timofeeva I., Tyurikova E.  Assessment of the environmental risks in the development of fossil fuels deposits in the Arctic zone of the Russian Federation // IOP Conference Series: Earth and Environmental Science. Volume 723. Issue 5. 12 April 2021.

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DOI: 10.33917/mic-3.104.2022.57-62

Attentionofacademics, governmentsandcorporationsisbeingdrawntothenecessityfordecreasingtheharmfulimpactofbusinesson theenvironment, solvingsocialissues, enhancingcorporategovernance.The concept andarea of corporate social responsibility have expanded due to the impact of coronavirus infection (COVID-19). This article considers the issues of social responsibility of businesses and value creation from the long-term perspective.

DOI: 10.33917/mic-4.99.2021.63-70

Many companies continue to consider value creation too unilaterally, aiming to maximize short-term financial results and ignoring the influence of a wider set of factors, which determine long-term competitiveness. Recognition of the need for a new paradigm of competitiveness, based on the complex approach, taking into account financial and non-financial goals, already exists among strategic thinkers and successful business-leaders, there are promising elements of the new model emerging in practice. Still for many companies the issues of social responsibility remain optional, dispensable to be included in strategic agenda. Efforts in this direction remain on the periphery, not in the center of managers’ attention. This article considers the relation between social responsibility, competitiveness of a company and value creation.

Authors propose a new idea of the economic theory construction as a more systematic and reasonable. The authors divide the economics into five levels: nanoeconomics, microeconomics, mezoeconomics, macroeconomics and megaeconomics. Nanoeconomics is considered as economics of intellectual capital, intellectual property and innovations. Nanoeconomics is the systemic basis for all other economics, ensuing from it by meaning and substance. In the article there is noted the increasing significance of legal factor in modern economic theory and practice and, in particular, the IP law importance.

Each person has his own plans, ideas, dreams. In order to achieve the results desired it is necessary to move systematically, step by step to solution of the set tasks. Possessing technologies for transforming ideas into clearly defined goals and their implementation will help anybody on the difficult way of increasing personal effectiveness. The book by T.M. Kudeshova and S.G. Kudeshova “Effective weekdays. A “low start” to high achievements” will allow to study gradually the whole set of secrets necessary for realizing personal plans, regardless of the sphere of life: family, career, sport, travelling, creativity, education — the book will suit for each of them.

Currently, humanity is concerned about two major issues: national security and economic development. At the same time environmental threat seems more distant and therefore less dangerous. In solving the problem of economic development a priority role remains with the market economy. The article notes the existence of a fundamental difference in the target objectives of business and environment: development of market economy and business does not meet the requirements of efficient nature management and environment and causes further environmental degradation. In this regard, there is a concern — if the society continues to develop only on the principles of market economy, it itself will speed up the arrival of a global environmental catastrophe.

In view of the increasing State’s influence in the economy around the World, especially in 2010s, we start publishing series of lectures dedicated to interaction between State and Business. The author examines the State’s participation in economic life of some countries and beyond national borders, State’s relationship with Private Capital in the conditions of the market economy formation and further internationalization. The term “State capitalism” is becoming widespread again in the World. This is largely due to the increasing number of companies with State participation among the leading transnational corporations, especially coming from emerging economies. The course of lectures deals with the history of interaction between State and Business and is intended for undergraduate and graduate students studying the History of economic Thought and economic policy. It may also be useful for everybody interested in evolution of the State’s role in one of the key areas of its influence — economy.

The power of elite and its interests affect every person. In the era of globalization it is imperceptible. Influence is unnoticeable, but exists and indirect methodology works well. Then we have to make a question about the possibilities. When the situation is confused, multy-subject and contaminated by information background, to talk about interests and benefits means to condemn oneself to unraveling the Gordian knot. It is much easier to understand the opportunities. Let us throw away doubts – any opportunities will be necessarily used by elite. So what is the elite?

The article presents results of empirical studies of management systems and corporate cultures in companies, seeking to build their business in conformity with Orthodox values. The paper offers analysis of the Orthodox Faith key provisions in the context of building the company’s management system. The author demonstrates crucial importance of the leader’s personal position in shaping corporate culture, capable to keep business structure within the moral principles of the Russian Orthodox Church.

You cannot go forward if you don’t know what are the strengths and weaknesses of your business and your competitors’ business.