Abstract
The study attempts to assess the economic potential of a large industrial region, the Sverdlovsk Region, as the basis for sustainable development in the new economic realities generated by the global pandemic of 2020 associated with the COVID-19 threats. As a hypothesis of the study, the assumption is considered that the sustainable development of the regional economy in the new conditions is ensured by the accumulated economic potential in the context of the coronary crisis trigger of contradictions. The aim of the study is to study and assess the economic potential of the Sverdlovsk region, the dynamics of its development in the face of new strategic challenges. To assess and predict the economic potential that ensures the sustainable development of the region in the context of the coronavirus-related trigger of contradictions, a study was carried out of relevant scientific publications by leading scientists in this field for 2019-20. The economic potential of the Sverdlovsk region was determined, calculated on the basis of a mathematical model, using statistical data on the following indicators: gross regional product per capita in thousand rubles; average life expectancy of the population in the region; the number of hospital beds and schools per 10 thousand population; the percentage of innovative products in the total volume of the region. Based on the data obtained, an econometric model according to Altman was developed to analyze and forecast the economic potential of the Sverdlovsk region. The calculated, accumulated economic potential undoubtedly provides opportunities for sustainable development even in the face of coronary crisis challenges of the economy. At the same time, it is very important to ensure an increase in the long-term structural rates of economic growth.
Highlights
Solving the problem of sustainable development is undoubtedly the main task of mankind in recent decades, while the urgency of ensuring such development is only increasing
The study attempts to assess the economic potential of a large industrial region, the Sverdlovsk Region, as the basis for sustainable development in the new economic realities generated by the global pandemic of 2020 associated with the COVID-19 threats
As a hypothesis of the study, the assumption is considered that the sustainable development of the regional economy in the new conditions is ensured by the accumulated economic potential in the context of the coronary crisis trigger of contradictions
Summary
Solving the problem of sustainable development is undoubtedly the main task of mankind in recent decades, while the urgency of ensuring such development is only increasing. It should be emphasized that the solution of the tasks of sustainable development in the current conditions is possible on the basis of the accumulated socio-economic potential, and the losses of society associated with the global pandemic should be considered as an additional challenge, an irritant to the activation of problems associated with ensuring sustainable development. Famous Russian economists S.D. Bodrunov, R.S. Greenberg, D.E. Sorokin [4], E.G. Animitsa, J.P. Silin [5, 6, 7], A.I. Tatarkin [8] and others, emphasize that the accumulated potential and nanotechnology will form the basis of the sixth technological order, will have a decisive influence on the established institutions and social structures. The new economic reality requires sustainable development of the economy of the country's territories
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