Objective: The article is devoted to the topical issue of the impact of human resource management on increasing an enterprise's innovative potential to implement the principles of sustainable development. Methods: Through an analysis of scientific literature, the article analyzes the relationship between human resource development and sustainable development and the essence of human resource management for sustainable development. Results: The study identifies the key success factors of an enterprise's innovation activities, which lead to an increase in its innovation potential, and how they relate to human resource management, as well as the basic principles of human resource management based on sustainable development, which promote greater innovation potential of an economic entity. Conclusion: Today human resource management aimed at increasing the innovative potential of an enterprise considering the specifics of its activities and the current socio-economic situation, is a key factor contributing to the achievement of sustainable development principles and the strategic objectives of the enterprise. The authors conclude that human resource management based on the principles of sustainable development acts as a component of the organizational and economic mechanisms of their innovative development.
Purpose is to estimate current mineral and raw material complex and its effect on national economic security basing upon determination and analysis of the integrated index.Methods. Eleven countries of the world with the developed iron-mining industry have been selected as the object of the research. Information database has been formed to calculate integrated index of mineral and raw material security (MRMS). Seven indicators characterizing economic and technical state of iron-ore industry have been specified as performance measures. The indicators have been classified according to their effect on final integrated estimation of MRMS state in a country. The study involves proprietary methodology to calculate integrated index of MRMS.Findings. MRMS has been distinguished in the system of national security. Following indicators have been proposed to be included into the system of national MRMS performance measures: production of mineral resources per capita; resource intensity of the economy; resource-efficiency of the economy; provision with the required mineral resources; export quota; intensity of mineral raw material consumption; and ratio of the volumes of raw material extraction and export of the products of primary processing and recycling (utilization efficiency). Positions and roles of mining industry in terms of provision with resources for the world economy have been evaluated on the basis of system approach (with the emphasis on mining industry). Basic current tendencies in the development of world mining industry have been highlighted including the following ones: increase in the consumption of mineral ore resources; growing intensity of the consumption of mined crude ore deposits and, consequently, depletion of the most commercial deposits; prevailing of mineral carbohydrate raw materials in the world mining industry; and increase in ore reserves consumption by the developing countries. Scientific and methodological approach to estimate the effect of mining industry upon the level of economic security has been approbated; the results have made it possible to evaluate MRMS of 11 leading producers of iron-ore raw material.Originality. It is in the use of innovative complex (integrated) estimation of MRMS level in certain countries which has allowed performing their grouping in term of corresponding security levels and determining the factors effecting economic performance of mineral and raw material component. Practical implications.The proposed integrated approach to the estimation of MRMS level of the countries favours the substantiation of the strategy to strengthen economic security in terms of the mining industry influence.
This article examines the financing of GDP growth within the framework of catch-up, evolutionary and dynamic models of economic development. Methods/statistical analysis: using the principles of the Solow model and the Cobb-Douglas function, an analysis of the nature of the models has been carried out, considering the processes of capital accumulation, the rate of growth of the workforce, and various aggregate factor productivities. With the help of historical logic and statistical evaluation, examples of countries relating to each of the models examined are reviewed. Based on the analysis, the main ways of financing economic growth are noted: both the state ones, due to budgetary and monetary policy measures, and private ones. It has been proven that with the transition from catch-up to an evolutionary or dynamic model, the role of the state as a centralizing force is diminishing. At the same time, the specificity of a dynamic model is due to the country's objective ability to be among the technological leaders, which is predetermined by the high values of current GDP, per capita GDP, and population size. Countries with an evolutionary model of development are constrained in their ability to maintain a comparable pace of development only within separate "growth points". The main result of the work is the assessment of Russia's potential from the viewpoint of one of the models considered, based on a comparative analysis of several capital indicators, as well as a logical analysis of data on the level of GDP and population with other countries. This makes it possible to make recommendations for financing the country's GDP growth in the medium to long term. Scope/Improvements: The findings can be used in the development of Russia's financial and economic strategy up to 2030.
This article examines the main integration trends of the state's monetary and fiscal policy in influencing economic growth and maintaining the sustainability of public debt. It is argued that the relationship between these trends of macroeconomic regulation is predetermined, on the one hand, by the potentially negative impact of fiscal expansion from the point of view of inflation, and by the negative impact of a likely state default in failing to refinance the debt from the Ministry of Finance, on the other hand. The paper studies the selected array of statistical data using the fiscal policy multipliers concept, the relationship between the effect of increase/decrease in budget expenditures, the slowdown in economic activity and the efforts by the Central Bank to offset fiscal measures, on the one hand, and the ratio of an increase/decrease in budget revenues and debt expenditures used to finance the budget investments, on the other hand. It is revealed that the investments are effective if implementing budget expenditures in the presence of the GDP gap and unrealized expectations of economic agents, while reducing spending in such a situation will intensify the recession. The GDP growth determined by these investments should provide the tax effect sufficient to cover the expenses. Otherwise, there can be negative effects of debt that establishes the need for measures to refinance public debt by the Central Bank. The conclusions of the paper can be used to assess the possible integration of monetary and fiscal policy based on various states.
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