Identification of Challenges and Threats to Sustainable Development of the Region in the Sphere of Monetary Income (a Case Study of Altai Krai)

A. M. Sergienko ()
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A. M. Sergienko: Institute of Economics and Industrial Engineering, Siberian Branch, Russian Academy of Sciences

Regional Research of Russia, 2025, vol. 15, issue 3, 526-535

Abstract: Abstract The article presents a methodology for assessing challenges and threats to sustainable development of a region, manifested in the sphere of monetary income. The theoretical foundations and historical features of the formation of the concept of sustainable development are described. Methods and criteria for identifying challenges and threats in the sphere of monetary income are highlighted. The following criteria are noted: deviations from the norm, going beyond threshold values; significant lag behind the average level in Russia for positive processes or exceeding it for negative processes; negative dynamics over a long period and/or a negative trend as opposed to a positive one in Russia. Based on global and national sustainable development goals and a national set of sustainable development goal indicators, indicators of challenges and threats in the sphere of monetary income have been identified. The results of testing the methodology are presented using the example of an agro-industrial region—Altai krai—based on state statistics data for the past more than 30 years. Based on the concepts of sustainable development, economic security, and social reproduction, normative and threshold values of indicators for assessing the degree and sustainability of the manifestation of challenges and threats in the sphere of income of the population of Altai krai have been determined. Among the challenges and threats identified as key ones are: (1) excessively low incomes, expressed in a persistent significant lag in the growth of real incomes and real wages from the 1990 level and average indicators for Russia, in the low purchasing power of per capita monetary incomes and average monthly wages; (2) widespread poverty and income inequality that persistently exceeds threshold values.

Keywords: sustainable development; region; monetary income; challenges; threats; methodology for assessing challenges and threats; indicators; criteria; thresholds; real incomes; purchasing power; income inequality; poverty; Altai krai (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1134/S2079970525600520

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