The impact of small business on sustainable development in the Vuca- and Bani-worlds

¹ Belarusian Trade and Economic University of Consumer Cooperatives, Oktyabrya Avenue 50, 246012, Gomel, Belarus
² Peter the Great St. Petersburg Polytechnic University, Politekhnicheskaya, 29, 195251, St. Petersburg, Russia
³ St. Petersburg State University of Veterinary Medicine, Chernigovskaya 5, 196084, St. Petersburg, Russia
⁴ St. Petersburg State Agrarian University, Pushkin, Peterburgskoe highway 2, 196601, St. Petersburg, Russia

^* Corresponding author: a7830298@gmail.com

Abstract

The article is devoted to the presentation of scientific results of the author’s research and development of scenarios for the development of small business in Russia under the conditions of VUCA and BANI worlds. The authors analyze the impact of small business on the process of sustainable development. According to the results of the scientific publication it was argued that the life cycle of small business in Russia is in complex turbulent conditions resulting from the manifestation of VUCA-and BANI-factors and their multiplication as a result of overlapping each other: challenges and threats to sustainable economic development of the Russian Federation in conditions of global military and political turbulence and market fluctuations; the state policy of building a digital economy and scaling the activities of marketplaces; Chinese “soft” and “hard” power. The prospects of the scientific research are the analysis of possible effects of the established “black swans”: the collapse of the Eurozone due to the sharp increase in sovereign debts of the countries and deterioration of the financial state; the launch of the center of Islamic finance in Istanbul as a counterweight to the established world financial centers; the forcing by Russia and its allies (primarily China and India) of the processes of launching digital currencies and (or) the approval of a new single currency in contrast to the dollar and the euro.