The impact of crises on the sustainable development of regions: foreign empirical evidence

Abstract

The current frequency of crises and the increasing risks to the sustainable development of regions around the world create a need for significant research on this issue. The relevance of the proposed work lies in the high degree of importance of the concept of sustainable development for Russia and the entire world community. The scientific novelty of the study lies in the presentation of the most detailed analysis of current foreign studies on the impact of crisis phenomena on the sustainable development of regions - at the same time, various crises are considered, including the global financial crisis of 2008, the COVID19 pandemic, as well as natural disasters, humanitarian disasters, etc. In addition, a wide range of aspects of sustainable development are presented, which are subject to the influence of crisis phenomena. The purpose of this literature review is to present a wide range of approaches to managing risks to the sustainable development of regions caused by crisis phenomena. At the same time, the tasks set are to study the very concept of a crisis, analyze the theoretical approaches of schools of regional development, study aspects of sustainable development, as well as identify the impact of crisis phenomena on the sustainable development of regions and present sustainable regional strategies to combat crisis phenomena. The main research method is literature analysis. Based on the results of the work, it was concluded that in foreign literature the impact of crises on regional sustainable development is considered from different perspectives. When analyzing one specific case, it is important to take into account the following variables: the scale of the crisis (local, global), the nature of the crisis (economic, political, environmental, social), the resilience of the region to the crisis, cultural and historical factors, social capital. Sustainable regional development is one of the processes that are affected by the crisis associated with the environmental, social, economic and even political component.

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