Competitive Advantages of Russia’s Spatial Development in the Context of the ESG-agenda and Property Transformation

Abstract

The economic strategy and prospects for the socio-economic recovery of Russian regions are largely determined by the priorities and sequence of key goals of the country’s spatial development, modern trends in the development of the world economy. The purpose of this article is to identify the complex and contradictory impact of the global restructuring of the world economy on the prospects for the formation of innovative ecosystems in Russian regions. The tasks solved within the framework of the study are to establish current trends in global transformations and develop proposals for the formation of approaches and scenarios for the spatial development of Russian regions. A new stage of world development is associated with the restructuring of the existing system of economic relations and economic relations, determined by the modification of property relations. The paradigm shift allows us to consider the activities of companies not only from the perspective of economic performance, but also from the perspective of impact on nature and society. The main methods of solving the problems posed were empirical methods of comparative and structural analysis, the use of systematic and scenario approaches to regional development, taking into account the ESG agenda. In the course of the study, industrial areas that are part of the Siberian Federal District of the Russian Federation were analyzed. The results of the analysis allowed us to conclude that the ESG concept creates additional restrictions for almost all branches of Russian industry. This made it possible to determine the strategic role of high-tech and knowledge-intensive enterprises in the studied regions as the basic development structures for the target industry segments of the national economy. The novelty of the work lies in the proposed measures that will allow regional, local and corporate governance to adapt to the changes taking place, adjust existing models and tools in accordance with existing experience and traditions.