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Review of Business and Economics Studies

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Vol 10, No 4 (2022)
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6-23
Abstract

   The authors consider the integration of the concept of sustainability in the member countries of the Organization of the Black Sea Economic Cooperation (BSEC). The concept of sustainable development is viewed through the prism of economic, social and environmental approaches.

   The subject of the study is the Sustainable Development Goals (SDGs) in the BSEC countries.

   The purpose of the research is to study the integration of the goals and indicators of sustainable development in the national policies of the BSEC
countries.

   The relevance lies in the international community’s growing attention to forming a vector for balanced socio-economic development, taking into account current social, demographic and environmental factors.

   The scientific novelty lies in the analysis of the advancement of the concept of sustainable development in the BSEC countries, as well as the level of integration of the SDGs in the national policies of states.

   As part of the study, the authors used the methods of institutional analysis, system analysis, analysis of statistical data and official documents. Based on the results of the analysis, it was revealed that despite the high level of integration of the SDGs within the framework of the BSEC, not all goals and indicators of sustainable development formed by the United Nations (UN) are tracked in countries. The authors concluded that the national characteristics of the economy, the social sphere and the environmental situation push states to adapt individual indicators to national specifics.

24-35
Abstract

   The cooperation between Russia and China has been developing successfully in recent years. Both countries have agreed on several strategically important investment projects. The realization of investment projects determines the future expectation for developing Russian and Chinese economies. The article aims to investigate the trends and perspectives of economic cooperation between China and Russia in the field of mutual investments. The research methodology includes structuring, comparison, generalization, induction, deduction, and synthesis. Based on the research, the author concludes that the main segments of Russian-Chinese economic cooperation between state-owned enterprises are the energy sector, nuclear power engineering, agriculture, science, technology, and infrastructure. Also, there are good prospects for the investment segment of economic cooperation between Russia and China in banking, payment systems, and electricity sectors.

36-44
Abstract

   The high inflation, unemployment rate, and production reduction are apparent characteristics of the current state of Iran’s economy. Therefore, studying solutions for the relationship with other countries and broader exposure to international trade is crucial. However, in the situation of sanctions, few countries can establish a free economic relationship with Iran, and Russia is one of the most important countries in this context. The article aims to investigate the history and perspectives of the economic cooperation between Iran and Russia. The paper uses an analytical — descriptive method to depict the international economic policies of Iran and Russia and the opportunities and challenges in their bilateral economic cooperation to pass unfair international sanctions and pursue economic development. The author concludes that although the political dimension was dominant in Iran and Russia relations, the two countries have realized the importance of bilateral economic ties, trying to improve the existing connections, which have shown the positive future of cooperation between the two countries.

45-54
Abstract

   The research aims to explore the associations between the determinants of financial literacy among the young population of Haryana, India.

   The research methodology included collecting data from 117 respondents through a well-structured questionnaire and investigating the associations using Chi-square criteria. The results of this research show a strong association between the determinants of financial literacy (financial knowledge, financial attitude, and financial behaviour). Among the research limitations are the relatively small sample size and inclusion of only the rural population of Haryana. This research will help researchers, policymakers and governments to focus on financial knowledge, financial attitude and financial behaviour as determinants for strengthening financial literacy.

55-66
Abstract

   One of the major elements of the sustainable development policies is the socially responsible investing (SRI), also called ESG investing (environmental, social, and corporate governance) or green investing. The key feature of SRI (ESG investments), which distinguishes it from the other forms of raising capital, is the focus on priority financing of environmental and social projects providing long-term positive effects and consequences for society (the wellbeing of an individual and the nation), the environment (including climate), regional and global economies.

   The research aims to study ESG-investments’ influence on the Russian economy, specifically, the exchange-traded funds (ETF) industry.

   The research methodology includes structuring, comparison, generalization, economic analysis, induction, deduction and synthesis. The results of include analysis of the foundations of socially responsible investments, the concepts, and factors of ESG investments. Also, the global and Russian ESG markets are explored, including ESG-exchange traded funds industry, its features, structure and trends. Based on the research, the author concludes that the Russian market for ESG instruments is only developing. However, interest in this category of financial instruments is growing among investors, which is facilitated by the policy pursued by the national regulator (the Bank of Russia), which encourages the introduction of ESG practices by Russian issuers of securities.



ISSN 2308-944X (Print)
ISSN 2311-0279 (Online)