Trends and prospects for ensuring the Russian economy competitiveness in the context of economic and political sanctions

Currently, the global economy is undergoing global processes associated with the transition from monopolar to a multipolar world. Previously, the United States played a leading role in those monopolar world. It causes change in the conditions of competition in the global economy. Under these conditions, the United States, unable to ensure its competitiveness legally, began to actively use economic sanctions against Russia. Moreover, the USA forces the EU and the NATO bloc countries do the same. Meanwhile, the U.S. considers development of the Russian economy competitiveness and SMO as tools for maintaining its leading position in the global economy. However, the Russian economy transforms to external challenges in accordance with the national interests. Nevertheless, there are issues of ensuring the Russian economy competitiveness in the context of economic and political sanctions. They require scientific verification at present and in the future. The conclusions are as follows: the Russian economy is currently facing the challenge of ensuring its competitiveness in terms of global changes in the world economy, the US and EU countries sanctions pressure; it is necessary to integrate into the global economy as a developed economy, including using the BRICS as the largest importer of resources and high-tech products; to ensure national sovereignty, it is necessary to accelerate the withdrawal of the Russian economy's dependence on the dollar; there urgently needs to reconfigure higher education to train professionals; it is necessary to establish the domestic theory of organisation management a basis for practical provision of effective activities of domestic organisations.

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Publication Details

Journal
Journal of Regional and International Competitiveness
Published
2024-12-24
DOI
https://doi.org/10.52957/2782-1927-2024-5-3-22-29
Citations
3
Primary Topic
Economic and Technological Developments in Russia
Type
article
Field-Weighted Citation Impact
4.21
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article

Trends and prospects for ensuring the Russian economy competitiveness in the context of economic and political sanctions

Alexander Kiselev, R. V. Kolesov
3 citations
Journal of Regional and International Competitiveness
Economic and Technological Developments in Russia
4.21
article

Trends and prospects for ensuring the Russian economy competitiveness in the context of economic and political sanctions

Alexander Kiselev, R. V. Kolesov
article en
3 citations

Abstract

Currently, the global economy is undergoing global processes associated with the transition from monopolar to a multipolar world. Previously, the United States played a leading role in those monopolar world. It causes change in the conditions of competition in the global economy. Under these conditions, the United States, unable to ensure its competitiveness legally, began to actively use economic sanctions against Russia. Moreover, the USA forces the EU and the NATO bloc countries do the same. Meanwhile, the U.S. considers development of the Russian economy competitiveness and SMO as tools for maintaining its leading position in the global economy. However, the Russian economy transforms to external challenges in accordance with the national interests. Nevertheless, there are issues of ensuring the Russian economy competitiveness in the context of economic and political sanctions. They require scientific verification at present and in the future. The conclusions are as follows: the Russian economy is currently facing the challenge of ensuring its competitiveness in terms of global changes in the world economy, the US and EU countries sanctions pressure; it is necessary to integrate into the global economy as a developed economy, including using the BRICS as the largest importer of resources and high-tech products; to ensure national sovereignty, it is necessary to accelerate the withdrawal of the Russian economy's dependence on the dollar; there urgently needs to reconfigure higher education to train professionals; it is necessary to establish the domestic theory of organisation management a basis for practical provision of effective activities of domestic organisations.

Journal of Regional and International CompetitivenessVol. 5(3)
Financial University (RU), Yaroslavl State Technical University (RU)
Partnerships for the goals
Openalex Percentile: Top 5%
Economic and Technological Developments in Russia
4.21
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