The Impact of the Sustainable Development Agenda on the Transformation of National Policies of Commodity Producing Countries
DOI:
https://doi.org/10.17059/ekon.reg.2020-3-14Keywords:
green economy, sustainable development concept, global initiative, economic development pattern, structural transformations, development policy, national strategy, national programs, national plans, socio-economic development, commodity producing countriesAbstract
In 2015, as a response to global challenges, the members of the United Nations (UN) designed the Sustainable Development Goals they intend to achieve by 2030. The transition to a green economy is at the core of the global sustainable development agenda. Such an approach includes the introduction of sustainable production and consumption patterns, increased use of renewable energy sources, and carbon footprint reduction in production chains. In particular, the countries that export fuel and energy resources are under pressure due to the plans to stop using hydrocarbons as a fuel source. Subsequently, a new technological paradigm will put additional pressure on the countries that export mineral resources. Thus, it is appropriate to examine how commodity producing countries integrate the principles of sustainable development in national policies. We analysed the countries that are largely dependent on the export of fuel and energy resources as well as the countries that export mineral resources. Then, we assessed the participation of these countries in key international initiatives for sustainable development. Finally, we summarised and systematised the approaches of the examined countries to introduce sustainable development principles into national strategies and policies. Examination of the international experience allows making the following conclusions. Commodity producing countries consider the global sustainable development agenda as an opportunity to improve the national economy and implement the reforms necessary for further development. In this case, the global agenda is an additional argument to substantiate the necessity of reforms for the national elite. In the field of sustainable development, there is a trend towards strengthening the regulatory role of the state, which combines direct control measures and measures aimed at the establishment of the green national economy.
References
Bobylev, S. (2017). Sustainable development: paradigm for the future. Mirovaya ekonomika i mezhdunarodnye otnosheniya [World economy and international relations], 61(3), 107–113. DOI: 10.20542/0131–2227–2017–61–3-107–113. (In Russ.)
Porfir’ev, B. (2016). Green trends in the global financial system. Mirovaya ekonomika i mezhdunarodnye otnosheniya [World economy and international relations], 60(9), 5–16. DOI: 10.20542/0131–2227–2016–60–9-5–16. (In Russ.)
Berensmann, K. & Lindenberg, N. (2016). Green finance: actors, challenges and policy recommendations. Briefing paper 23/2016. Bonn: German Development Institute. Retrieved from: https://www.die-gdi.de/uploads/media/BP_23.2016. pdf (Date of access: 10.02.2020)
Polozhikhina, M. A. (2014). The concept of Russia’s sustainable development. Ekonomicheskie i sotsialnye problemy Rossii [Economic and social problems of Russia], 2, 108–125. Retrieved from: https://cyberleninka.ru/article/n/kontseptsi- ya-ustoychivogo-razvitiya-rossii/viewer (Date of access: 10.02.2020) (In Russ.)
Sidorova, T. Yu. (2018). Implementation of the concept of sustainable development in Russian Federation. Sibirskiy yuridicheskiy vestnik [Siberian law herald], 4(83), 130–134. Retrieved from: https://cyberleninka.ru/article/n/implementat- siya-kontseptsii-ustoychivogo-razvitiya-v-rossiyskoy-federatsii (Date of access: 10.02.2020) (In Russ.)
Musailova, K. G. (2018). Trends in the global “green” economy and prospects for “green” finance in Russia. Rossiyskoe predprinimatelstvo [Russian journal of entrepreneurship], 19(6), 1765–1776. DOI: 10.18334/rp.19.6.39196. (In Russ.)
Zakharova, T. V. (2015). Green economy and sustainable development of Russia: contradictions and prospects. Vestnik Tomskogo gosudarstvennogo universiteta. Ekonomika [Tomsk State University Journal of Economics], 2(30), 116–126. (In Russ.)
Washington, H. & Twomey, P. (2016). A future beyond growth: towards a steady state economy. London: Routledge, 280.
Chung, R. K., Ichimura, M., Rankine, H., Leost, P. Nikolova, A., Rasifura, K. ... Amanuma, N. (2013). Shifting from quantity to quality: growth with equality, efficiency, sustainability and dynamism. Greening of economic growth series. Bangkok: Publications Office of the UN ESCAP, 37. Retrieved from: https://www.unescap.org/sites/default/files/publica- tions/FINAL%20Q2Q%20Shifting%20from%20quantity%20ESCAP2675_JP.pdf (Date of access: 10.02.2020).
Popp, D. (2012). The role of technological change in green growth. Policy research working paper 6239. Retrieved from: https://www.greengrowthknowledge.org/sites/default/files/downloads/resource/Role_of_technological_change%20 in%20gg_Ggkp.pdf (Date of access: 10.02.2020).
Eaton, D. (2013). Technology and innovation for a green economy. Review of European, Comparative & International Environmental Law, 22(1), 62–67. DOI: 10.1111/reel.12020.
Egorova, M. S.(2015). Technologicalchangeasanecessaryconditionfortransitiontothe “greeneconomy”. Kreativnaya ekonomika [Creative economy], 9(3), 297–312. (In Russ.)
Porfir’ev, B.N. (2012). Green economy: realities, perspectives and growth limits. Ekonomika. Nalogi. Pravo [Economics, taxes & law], 5, 34–42. (In Russ.)
Berdenova, K., Shtang, V. & Sintsov, S. (2012). The “green” economy as the engine of sustainable development. Sibirskiy torgovo-ekonomicheskiy zhurnal [Siberian trade and economic journal], 15, 4–7. (In Russ.)
Gribova, E. V. (2014). “Green economy”: realities and prospects. Vestnik RGGU. Seriya: Ekonomika. Upravlenie. Pravo [RSUH/RGGU bulletin. Series Economics. Management. Law], 21(144), 82–92. (In Russ.)
Bogacheva, O. & Smorodinov, O. (2017). Challenges to green finance in G20 countries. Mirovaya ehkonomika i mezhdunarodnye otnosheniya [World economy and international relations], 61(10), 16–24. DOI: 10.20542/0131–2227–2017–61–10–16–24. (In Russ.)
Yakovlev, I. A., Kabir, L. S., Nikulina, S. I. & Rakov, I. D. (2017). Financing green economic growth: conceptions, problems, approaches. Finansovyy zhurnal [Financial journal], 3, 9–21. (In Russ.)
Bokarev, A. A., Yakovlev, I. A. & Kabir, L. S. (2017). Green investments in Russia: searching for priority directions. Finansovyy zhurnal [Financial journal], 6, 40–49. (In Russ.)
Flammer, C. (2013). Corporate social responsibility and shareholder reaction: the environmental awareness of investors. Academy of Management Journal, 56(3), 758–781. DOI: 10.5465/amj.2011.0744.
Cheng, B., Ioannou, I. & Serafeim, G. (2011). Corporate social responsibility and access to finance. Strategic Management Journal, 35(1), 1–23. DOI: 10.2139/ssrn.1847085.
Sharif, M. & Kaushal, V. (2018). Green finance: a step towards sustainable development. Journal of Finance and Accounting, 5(1), 59–74. DOI: 10.17492/mudra.v5i01.13036.
Prabhakar, M. (2018). Sustainable development goals (SDGs) — challenges for India. Indian Journal of Public Health Research and Development, 9(3). DOI: 10.5958/0976–5506.2018.00172.9.
Nikulina, S. & Yakovlev, I. (2019). Indonesia’s strategy for sustainable finance. Finansovyy zhurnal [Financial journal], 6, 83–95. DOI: 10.31107/2075–1990–2019–6-83–95.
Arkhipova, V .V. (2017). “Green finance” as recipe for solving global problems. Ekonomicheskiy zhurnal VSHE [The HSE economic journal], 21(2), 312–332. (In Russ.)
Saadatian, O., Lim, C. H., Mat, S., & Sopian, K., Dalman, M. & Salleh, E. (2011). Sustainable Development in Malaysia — Planning and Initiatives. Retrieved from: https://www.researchgate.net/publication/228532721_Sustainable_ Development_in_Malaysia-Planning_and_Initiatives (Date of access: 10.02.2020).
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2020 Igor A. Yakovlev, Lyudmila S. Kabir, Svetlana I. Nikulina, Ivan D. Rakov

This work is licensed under a Creative Commons Attribution 4.0 International License.

