Advertisement

Studies on Russian Economic Development

, Volume 30, Issue 6, pp 637–645 | Cite as

Innovations as a Factor in the Development of the Natural Resources Sector

  • V. S. LitvinenkoEmail author
  • I. B. Sergeev
INDUSTRIES AND INTERINDUSTRY COMPLEXES
  • 6 Downloads

Abstract

The article discusses the effects of resource wealth on the economic development of individual countries. It describes modern behavioural strategies used by mining companies, including those taken in response to the emergence of new technologies. It contains an analysis of the main lines of development in the natural resources sector under current conditions. It also discusses opportunities for collaboration between companies operating in the natural resources sectors of Russia and the UK, focusing on those based on digitalization as well as the use of technological and financial innovations.

Notes

ACKNOWLEDGMENTS

The authors are grateful to Dmitry Kuvalin for valuable comments made during the preparation of this article.

REFERENCES

  1. 1.
    S. V. Doroshenko and A. G. Shelomentsev, “Commodity sector, development factor or deceleration of the national economy,” Sovrem. Tekhnol. Upr., No. 3 (2015). https://sovman.ru/article/5106.Google Scholar
  2. 2.
    D. Lederman and W. F. Maloney, In Search of the Missing Resource Curse (World Bank, 2008).CrossRefGoogle Scholar
  3. 3.
    P. Collier, Natural Resources, Development and Conflict: Channels of Causation and Policy Interventions (World Bank, 2003). https://www.worldbank.org. Accessed December 20, 2018.Google Scholar
  4. 4.
    V. Polterovich, V. Popov, and A. Tonis, Economic Policy, the Quality of Institutions, and the Mechanisms of the Resource Curse (Vyssh. Shk. Ekon., Moscow, 2007) [in Russian].Google Scholar
  5. 5.
    J. Hartigan, “The US Tariff and comparative advantage: A survey of method,” Weltwirtschaftliches Arch. 117 (1), 61–109 (1981).CrossRefGoogle Scholar
  6. 6.
    N. I. Nikolaeva and V. V. Narezhny, “Objects of intellectual property as intangible assets and their value for the company,” Kommersant (2018). https://www.kommersant.ru/doc/3752870. Accessed December 17, 2018.Google Scholar
  7. 7.
    A. Y. Chalenko, “A new look at Leontief’s paradox,” Nats. Kapital. https://www.kapital-rus.ru/articles/article/176920. Accessed December 21, 2018.Google Scholar
  8. 8.
    P. Kaznacheev, Natural Rent and Economic Growth. Economic and Institutional Development in Countries with a High Share of Income from Export of Raw Materials. Analysis and Recommendations Based on International Experience (RANEPA, Moscow, 2013). http://ion.ranepa.ru/.Google Scholar
  9. 9.
    G. Ahonen, Generative and Commercially Exploitable Intangible Assets, Classification of Intangibles (Groupe HEC, Jouy-en-Josas, 2000), pp. 206–213.Google Scholar
  10. 10.
    R. S. Kaplan and D. P. Norton, Strategy Maps—Converting Intangible Assets into Tangible Outcomes (Harvard Business School Press, Boston, MA, 2004).Google Scholar
  11. 11.
    D. L. Volkov and T. A. Garanina, “Intangible assets: Problems of composition and evaluation,” Vestn. S.-Peterb. Univ., Ser. Menedzh. 1, 82–105 (2007).Google Scholar
  12. 12.
    B. Lev, Intangible Assets: Management, Measurement, and Reporting (Quinto-Consulting, Moscow, 2003) [in Russian].Google Scholar
  13. 13.
    PwC, Mining Survey 2018. Time of Temptation. https://www.pwc.ru/ru/mining-and-metals/assets/ mine-2018-rus.pdf.Google Scholar
  14. 14.
    PwC, Mining Industry 2016. Review of Global Trends in the Mining Industry (2016). https://www.pwc.ru/ ru/mining-and-metals.Google Scholar
  15. 15.
    Barclays European Metals & Mining Report, March 2017: Barclays PLC. https://www.barclayscorporate.com/sector-expertise/natural-resources/mining-and-metals.html.Google Scholar
  16. 16.
    S&P Global Market Intelligence: S&P, 2018. https://www.spglobal.com/marketintelligence/en/client-segments/investment-management. Accessed December 13, 2018.Google Scholar
  17. 17.
    Ernst & Young, EY European Investment Monitor (EIM) 2017 (2018). https://www.ey.com/ru/ru/newsroom. Accessed December 15, 2018.Google Scholar
  18. 18.
    Ernst & Young, Top 10 Business Risks Facing Mining and Metals 2017–2018 (2017). https://www. ey.com/Publication/vwLUAssets/EY-Business-risks-in-mining-and-metals-2017-2018/%24File/EY-Business-risks-in-mining-and-metals-2017-2018.pdf.Google Scholar
  19. 19.
    M. E. Morozova and V. V. Shmat, “Resources against innovation. On the limited impact of the resource multiplier from the point of view of the development of innovations,” EKO, No. 7, 124–145 (2017).Google Scholar
  20. 20.
    Deloitte, Tracking the Trends 2018. The Top 10 Issues Shaping Mining in the Year Ahead (2018). https:// www2.deloitte.com/content/dam/Deloitte/ru/Documents/energy-resources/TTT2018_Jan_18.pdf.Google Scholar
  21. 21.
    ESG IT Transformation Maturity Curve, 2018 Dell Technologies. https://www.delltechnologies.com/en-us/ perspectives/esg-it-transformation-maturity-curve-report/. Accessed December 15, 2018.Google Scholar

Copyright information

© Pleiades Publishing, Ltd. 2019

Authors and Affiliations

  1. 1.Saint-Petersburg Mining UniversitySt. PetersburgRussia

Personalised recommendations