Prospects for Ensuring the Sustainability of Territories of Advanced Socio-Economic Development

Abstract

AbstractPurpose: The purpose of this work is to identify and scientifically justify the prospects for ensuring the sustainability of territories of advanced socio-economic development and to propose a set of necessary framework measures for this. Design/methodology/approach: This research is based on the case method, with the help of which the modern Russian experience of creating territories of advanced socio-economic development is studied. The authors selected 5 territories of advanced socio-economic development, which were created by one of the first in Russia, and therefore at present, on their example, the results of their development are most clearly visible. They are studied as part of the regions of Russia, in which they are included on the basis of regional statistics using the correlation analysis method. A SWOT analysis is also carried out to ensure the sustainability of territories of advanced socio-economic development. Findings: It was revealed that in general, the number of priority activities (total correlation 182, 53) most affects the stability of territories of advanced socio-economic development, since it determines the level of competition. In the internal structure of sustainability, the number of priority activities is also a key factor in human development (90, 87) and economic security (56, 96). For the environment, management factors such as the number of activities (34, 70) and capital investments (31, 36) are almost equivalent. Originality/value: It is justified that the prospects for ensuring the sustainability of the territories of advanced socio-economic development are associated with the development of competition, the intensification of innovation and increased corporate social responsibility. To this end, a set of framework measures is recommended for practical implementation, including expanding the list of priority activities, regulatory regulation of competition (antimonopoly regulation), as well as attracting capital investments in the implementation of green investment and innovation projects.KeywordsSustainabilityTerritory of advanced socio-economic developmentSingle-industry cityRegions of RussiaJEL CodesC31C33C38F63Q01Q56O11O12O31O32O33O38P25P48R11R13R58