E3S Web Conf.
Volume 105, 2019IVth International Innovative Mining Symposium
|Number of page(s)||8|
|Section||Mining Regions’ Sustainable Development|
|Published online||21 June 2019|
New Industrial Conditions of Sustainable Development of Mineral Resource Dependent Russian Economy in High Volatility Conditions
Plekhanov Russian University of Economics, Academic Department of Political Economy and History of Economic Science, 117997, Moscow, 36 Stremyanny lane, Russia
2 Plekhanov Russian University of Economics, Academic Department of Economic Theory, 117997, Moscow, 36 Stremyanny lane, Russia
* Corresponding author: firstname.lastname@example.org
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.
© The Authors, published by EDP Sciences, 2019
This is an open access article distributed under the terms of the Creative Commons Attribution License 4.0 (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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