Rating of resource-oriented countries based on aggregated sustainable development indexes

Department of Economics, Organization and Management, St. Petersburg Mining University, St. Petersburg, Russia

Abstract

Today, there is an acute problem of ensuring the universal well-being of humanity, based on the principles of sustainability. This problem is especially urgent for countries with a resource-oriented economy. This study considers the possibility of using adequate methods and indicators for assessing sustainable development, as well as building a ranking based on the data obtained, in countries with different levels of economic development and various human, natural, financial and material resources that determine the possibilities and lines of development for a dedicated group of resource-oriented economies. As a result of this study, it was revealed that today there is no single method capable of assessing the level of sustainable development of a particular country, the very indicators of certain raw material countries are difficult to compare sue to their subjectivity and, in their turn, require unification for more accurate analysis.