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Regions of the zone of influence of the Great Silk Road and the Tea Road: strategic directions for the development of economic potential

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  • Natalia Lubsanova

    (Baikal Institute of Nature Management,Siberian branch of the Russian Academy of Sciences)

Abstract

In the current conditions of economic crises, emerging threats and risks, there is a need to consider the risks of changes in the economic potential of regions when determining priorities for the development of economic potential. The authors have developed an algorithm for substantiating the strategic directions of the development of the economic potential of the regions based on dynamic risk assessment and monitoring of the state of the potential. The proposed methodology was tested in 28 regions of Russia, China, Mongolia, and Kazakhstan of the zone of influence of the Great Silk Road and the Tea Road. The developed methodological approaches to determining the priorities for the development of the economic potential of the regions allow us to justify the strategic directions of growth, considering the risks.

Suggested Citation

  • Natalia Lubsanova, 2021. "Regions of the zone of influence of the Great Silk Road and the Tea Road: strategic directions for the development of economic potential," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 22(2), pages 102-112, December.
    • Handle: RePEc:rse:wpaper:v:22:y:2021:i:2:p:102-112
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    References listed on IDEAS

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    1. W. Dzumbira & H. S. Geyer & H. S. Geyer, 2017. "Measuring the spatial economic impact of the Maputo Development Corridor," Development Southern Africa, Taylor & Francis Journals, vol. 34(5), pages 635-651, September.
    2. Zio, E., 2018. "The future of risk assessment," Reliability Engineering and System Safety, Elsevier, vol. 177(C), pages 176-190.
    3. Srivastava, Pradeep, 2011. "Regional Corridors Development in Regional Cooperation," ADB Economics Working Paper Series 258, Asian Development Bank.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic potential; regions; the Grea t Silk Roa d; the Tea Road; strategic directions;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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