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The problem of sustainable regional development under sanctions pressure (the case of Tambov region)
[Проблема Устойчивого Регионального Развития В Условиях Санкционного Давления (На Примере Тамбовской Области)]

Author

Listed:
  • Adamov, Ernest (Адамов, Эрнест)

    (Derzhavin Tambov State University)

Abstract

The most important task of managing the region is its sustainable development. At the same time, it is considered as a complex of interrelated elements, each of which needs to be improved for its balanced functioning. However, the region is not a closed system, that is, it has economic ties with other territories, including foreign ones. Over the past decade, our country has faced sensational sanctions pressure, which has also affected the state of regional economies. The study of the consequences of sanctions imposed against Russia is of particular importance, as they allow us to identify the main directions of regional management to achieve economic security. When writing this paper, a statistical method was applied using data from official statistical reference books. In the paper, the author analyzes indicators directly related to foreign trade activities and falling under the influence of the macroeconomic situation. Based on this analysis, conclusions are drawn about the degree of influence of external sanctions on the economic development of the region. Analysis and synthesis, a historical method based on information from domestic and foreign publications were also applied. The author examines the modern features of managing the socio-economic development of the region, develops a classification of the limitations of regional development, reveals the main goals of sustainable development of the region, and provides a brief overview of the application of sanctions as an instrument of influence on the target country. The theoretical significance of the work consists in researching the impact of sanctions pressure on the regional development as in the case of the Tambov region. The practical significance of the study lies in the recommendations developed to improve the sustainability of the development of the Tambov region. According to the research results, it was revealed that the sanctions policy of Western countries has complicated the economic situation in the Tambov region, but the region continues to demonstrate high indicators of production and foreign trade activity. Nevertheless, in order to stabilize the further economic development of the region and in order to increase the competitiveness of the Tambov region in the domestic market, it is recommended to implement a number of measures proposed in this paper.

Suggested Citation

  • Adamov, Ernest (Адамов, Эрнест), 2023. "The problem of sustainable regional development under sanctions pressure (the case of Tambov region) [Проблема Устойчивого Регионального Развития В Условиях Санкционного Давления (На Примере Тамбов," Munitsipalitet: ekonomika i upravlenie / Municipality: Economics and Management, Russian Presidential Academy of National Economy and Public Administration, pages 13-22.
  • Handle: RePEc:rnp:mncplt:m23102
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