From natural resource boom to sustainable economic growth: Lessons from Mongolia

Li, Bin Grace; Gupta, Pranav; Yu, Jing

doi:10.1016/j.inteco.2017.03.001

Cited by 30 publications

(21 citation statements)

References 16 publications

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“…Also, opening to international trade is not a sufficient condition to increase economic growth, other factors such as infrastructure, investment, industrial development, protectionist policies, and technology progress need to be effective, the incidence of political instability negatively affects food security. Some researchers find similar results for ECOWAS, ASEAN, emerging and most commodity-dependent developing countries [15,16,17]. While the SC&CA has made significant progress in integrating with the rest of the world, intra-regional trade has yet to expand.…”

Section: Introductionmentioning

confidence: 80%

Transformative impacts of globalization on the economy of South Caucasus and Central Asia1

Guliyev

Huseynova

2021

SHS Web of Conf.

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Research background: The disappointing economic results of the global economic crises, which brought macroeconomic instability, increasing inequality, are often understood as results of globalization. In this article, besides the positive effects, the many unavoidable negative impacts of globalization on the South Caucasus and Central Asia region are discussed. It is shown that responsibility for the economic crisis is not entirely globalization but a combination of the raw material based economy, together with incorrect trade policy. In this article, an alternative view of globalization is offered, including diversification policy challenges. It also explores the main tools of dissemination of globalization, which has created many new opportunities for business in the region. Purpose of the article: The aim is to find out to what extent the countries are involved in international integration, comparative analysis transformative impacts of globalization. Methods: The methods of comparative analysis and systematization of scientific approaches were employed. The research contains an analysis of the region’s position in the international trade and investment. Findings & Value added: The region has to concentrate on a new picture of the multipolar world. In the region countries, the processes of globalization were accelerated after the countries became a member of WTO, ADB and integration into the international relations. The findings in general correspond with the trends in emerging markets that the process of globalization is gradually turning into functional mechanism of competitiveness, but there are some differences. The impacts of globalization process are progressively increasing, also there are new unforeseen impacts evolving.

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Section: Introductionmentioning

confidence: 80%

Transformative impacts of globalization on the economy of South Caucasus and Central Asia1

Guliyev

Huseynova

2021

SHS Web of Conf.

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“…Such a very negative trend may develop into a long-term problem especially acute for developing countries. The US researchers [9] argue that increased public investment in commodity exporting countries can boost growth, but too fast budgetary spending increases macroeconomic vulnerability. At the same time, some articles have analyzed and noted [10,11] that the effects of investment of the revenues derived from natural resources point to the conclusion that public investment is ineffective.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Investment attractiveness of enterprise and sustainable development of industrial region

Alexandrov

Skvortsova

2021

E3S Web Conf.

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In accordance with the Russian Federation consistent transition to sustainable development, which material basis consists in not so much quantitative but rather qualitative transformations in the factors of real economy production, the authors hereby focus on the regional aspect of territorial entity environments affecting favorably the investment attractiveness of industrial enterprises. Special attention is paid to the fact that following the sustainable development paradigm implies a balanced solution of economic, social and environmental problems. The conceptual considerations presented are taken as the basis for an original universal method to diagnose and assess restrictions, threats, and challenges of an economic, administrative and legal, resource and technical, social and environmental nature that occur at the regional level and affect the investment attractiveness of enterprises. In practice, the approach considers the diagnostics possibility to develop, firstly, specific measures to offset or reduce the negative impacts determining the investment attractiveness of regional investment objects and, secondly, motivational and stimulating measures to resolve the conflicts arising due to environmental and social restrictions on economic activity in order to ensure, as we move towards sustainable development, a balanced solution to three tasks: ensuring economic growth, achieving social progress, and improving the quality of the environment.

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“…And, by definition, the most important of them is the contradiction between, on the one hand, the achievement of the intended financial and economic results, and on the other, the presence of environmental and social restrictions on economic and, above all, investment activities. In turn, as stated in a number of modern publications, this generates social fears, which become an integral part of human existence [5] and make it necessary to take into account such non-traditional factors as components of social fears when solving issues of motivating investors [6]. Removing such contradictions is adequate to solving the problem of transforming enterprises into objects that are attractive for investment, capable of balancing the tasks of ensuring economic growth, achieving social progress and improving the quality of the environment.…”

Section: Mainmentioning

confidence: 99%

Economic and legal factors of investment in subsoil use in the aspect of implementation sustainable development concepts

Alexandrov

Yablonev

2021

E3S Web Conf.

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Following the paradigm of sustainable development presupposes a balanced solution of three tasks: ensuring economic growth, achieving social progress and improving the quality of the environment. However, the solution of environmental and social problems causes restrictions on economic activities. In this regard, there is a need to develop methodological approaches to the formation of organizational and economic relations and mechanisms in order, firstly, to resolve the contradictions between the economic and socio-environmental, and, secondly, to provide motivation to activate investment processes in a direction conducive to achieving goals of sustainable development of subsoil use. The problem of investment attractiveness becomes even more urgent, taking into account the special nature of industrial relations developing in subsoil use, which must be taken into account when implementing the concept of sustainable development.

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From natural resource boom to sustainable economic growth: Lessons from Mongolia

Cited by 30 publications

References 16 publications

Transformative impacts of globalization on the economy of South Caucasus and Central Asia1

Transformative impacts of globalization on the economy of South Caucasus and Central Asia1

Investment attractiveness of enterprise and sustainable development of industrial region

Economic and legal factors of investment in subsoil use in the aspect of implementation sustainable development concepts

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