Socio-economic Aspects of Formation and Development of Territorial Clusters in the Context of Global and Russian Institutional Problems

Mitrofanova, Inna; Sheikin, Dmitriy A.; Pozhilova, Irina V.; Yalmaev, Rustam; Mishievа, Aynet T.

doi:10.1108/978-1-78769-993-920191030

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“…In The advantage of the cluster form of business organization is the ability to form complete technological chains (closed production cycles), which can significantly reduce the degree of dependence of companies on interregional relations and be less dependent on breaks in the supply system (Mitrofanova et al, 2019b;. Thus, by the beginning of the economic crisis caused by the rapid spread of the coronavirus, the industrial complex of the South of Russia had significant potential in the raw materials sector (agricultural processing, oil refining, metallurgical production).…”

Section: Potential Of Industries Of South Of Russiamentioning

confidence: 99%

Trends, risks and prospects for industrial complex development of South of Russia in new economic realities

Mitrofanovaa¹,

Chernovac²,

Batmanova³

et al. 2021

Serb J Management

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Events caused by complex crisis which became evident in regional economies as a result of the spread of COVID-19 have affected the manufacturing industry of the South of Russia. The purpose of this article is to identify and analyse the prospects for the sustainable development of industry in the South of Russia in the context of new economic trends. The methodological basis of the study is founded on the theory of shocks, which made it possible to place at the center of the system of cause-and-effect relationships a set of factors in business activity decrease, which are considered as shocks that form new development trends. The analysis revealed the presence of problems of production interruptions and break of supply chains, reduction in resource flows, as well as a decrease in effective demand for industrial products. According to the opinion of the authors, the prospects for the development of the industrial complex of the region are associated with the balance of market self-regulation and government regulation, and are also determined by the accumulated potential of the regional industry and available adaptive capabilities.

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Section: Potential Of Industries Of South Of Russiamentioning

confidence: 99%