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

Natalia Lubsanova
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Natalia Lubsanova: Baikal Institute of Nature Management,Siberian branch of the Russian Academy of Sciences

Review of Applied Socio-Economic Research, 2021, vol. 22, issue 2, 102-112

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.

Keywords: economic potential; regions; the Grea t Silk Roa d; the Tea Road; strategic directions (search for similar items in EconPapers)
JEL-codes: C13 O18 O53 R11 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:rse:wpaper:v:22:y:2021:i:2:p:102-112

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