Interrelation of the Region's Foreign Economic Activity and Its Economic Sustainability

Irina Artamonova, Irina Baturina, Tatiana Bukhtiyarova, Nina Zotova, Valentina Flakina

2021

Abstract

The goal of this article is a theoretical and methodological substantiation of the interrelation between foreign economic activity and the sustainability of the regional economy. The problems of organizing foreign trade activities at the level of the constituent entities of the Russian Federation, while ensuring their economic security and increasing the sustainability of regional development, are constantly raised in the works of domestic economists. In addition, the issues of sustainable economic development are one of the most urgent problems facing many states. When ensuring the sustainability of the economy, the priority is to ensure economic recovery in parallel with the protection of resource reserves in the interests of modern and future generations. Until recently, the majority of domestic researchers and economists noted that foreign economic activity is under the exclusive jurisdiction of the Russian Federation and, therefore, its constituent entities occupy an insignificant place in this process. Therefore, foreign economic activity was given a small role or was paid no attention at all in the strategies of regional development. The relevance of the topic of this study is the need for theoretical understanding and improvement of the research methodology, planning, organization, and management of foreign economic activity at the regional level. The latter involves the development of a strategy or standard for foreign economic activity of the constituent entity of the Russian Federation. Based on this, the regions determined the directions of their foreign economic activity, set practical tasks and strategic goals. All this should be based on an objective analysis of foreign economic relations at the regional level. All of the above confirms the thesis that the sustainability of the regional economy is determined by the impact of such a significant factor as foreign economic security.

Paper Citation

in Harvard Style

Artamonova I., Baturina I., Bukhtiyarova T., Zotova N. and Flakina V. (2021). Interrelation of the Region's Foreign Economic Activity and Its Economic Sustainability. In Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES, ISBN 978-989-758-546-3, pages 155-160. DOI: 10.5220/0010695500003169

in Bibtex Style

@conference{ses21,
author={Irina Artamonova and Irina Baturina and Tatiana Bukhtiyarova and Nina Zotova and Valentina Flakina},
title={Interrelation of the Region's Foreign Economic Activity and Its Economic Sustainability},
booktitle={Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES,},
year={2021},
pages={155-160},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010695500003169},
isbn={978-989-758-546-3},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES,
TI - Interrelation of the Region's Foreign Economic Activity and Its Economic Sustainability
SN - 978-989-758-546-3
AU - Artamonova I.
AU - Baturina I.
AU - Bukhtiyarova T.
AU - Zotova N.
AU - Flakina V.
PY - 2021
SP - 155
EP - 160
DO - 10.5220/0010695500003169