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Crowdsourcing And Crowdfunding In The Management Of Large Cities

Author

Listed:
  • Mariia KONIAGINA

    (Department of Banking, Financial Markets and Insurance, Saint-Petersburg State University of Economics, Saint Petersburg, Russian Federation)

  • Larisa KOKH

    (Department of International Economic Relations, Saint-Petersburg State Marine Technical University, Saint Petersburg, Russian Federation)

  • Alena KIRILLOVA

    (Department of Banking, Financial Markets and Insurance, Saint-Petersburg State University of Economics, Saint Petersburg, Russian Federation)

  • Olga YANINA

    (Faculty of Economics, Russian State Social University, Moscow, Russian Federation)

  • Yulia LOKTIONOVA

    (Faculty of Economics, Russian State Social University, Moscow, Russian Federation)

Abstract

The use of crowd practices in large city management makes it possible to implement various projects (social, environmental, educational, commercial) and attract residents and other interested persons to participate in self-government. As of this day, crowdfunding and crowdsourcing remain the most popular and practical approaches to urban management. This study reviewed the experience of using crowdfunding and crowdsourcing in managing large cities of the Russian Federation with a particular emphasis on the general trends and the differences in their implementation. The paper summarized theoretical developments and analyzed large Russian cities’ practical experience in crowdsourcing and crowdfunding projects. This made it possible to develop the authors’ vision of crowd practices in general as well as crowdfunding and crowdsourcing in particular with reference to Russian realities. The article identified general problems of crowd practices and obstacles to their implementation on the part of both large city residents and the authorities. As a consequence, a model for better government-society cooperation and more effective development of crowd practices was developed. Research significance lies in the generalization of the accumulated experience and investigation of global trends and regional features of crowdfunding and crowdsourcing in large city management. The research novelty, in turn, is in two aspects – in the theoretical substantiation of the use of crowd practices in large city management and in the developed recommendations for their implementation.

Suggested Citation

  • Mariia KONIAGINA & Larisa KOKH & Alena KIRILLOVA & Olga YANINA & Yulia LOKTIONOVA, 2021. "Crowdsourcing And Crowdfunding In The Management Of Large Cities," Theoretical and Empirical Researches in Urban Management, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 16(3), pages 5-22, August.
    • Handle: RePEc:rom:terumm:v:16:y:2021:i:3:p:5-22
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    References listed on IDEAS

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    1. Andrey V. Bakalenko, 2018. "Conceptualization of Crowdsourcing: The World and Russian Experience," Journal of New Economy, Ural State University of Economics, vol. 19(2), pages 50-61, April.
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