Home  Journals  Economic Analysis: Theory and Practice  2(473) - 2018 February

The analysis of the development of the Russian tool industry in the framework of the sustainable development concept

Vol. 17, Iss. 2, FEBRUARY 2018

Article PDF Version

Received: 30 November 2017

Received in revised form: 11 December 2017

Accepted: 25 December 2017

Available online: 1 March 2018

Subject Heading: ANALYSIS OF INDUSTRIAL CAPITAL

JEL Classification: 

Pages: 249–264

https://doi.org/10.24891/ea.17.2.249

Importance The article explores the economic component of sustainable development through the classification of industries from the perspective of assigning the output goods to fixed or current assets, using different types of resources and assessing their condition. It considers factors of production affecting the achievement of the result and determining the development of economic systems at the meso- and micro-hierarchical level.
Objectives The aim is to assess the function of economic systems of different hierarchical levels on the tool-making facilities case.
Methods We apply an approach using general and special methods of comparative and statistical analysis, synthesis and analogies.
Results The paper analyzes the development of the Russian tool-making industry on the basis of resource-oriented approach to assess the functioning of economic systems at various levels. We review interrelations between resource use efficiency, types of sustainable development of economic systems at various hierarchical levels and strategic security of the country.
Conclusions Any development can be considered sustainable, if there is an increment in the intensive development of economic systems at all three levels.

Keywords: modernization, mechanical engineering, innovative development, metalworking equipment, forging press

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ISSN 2311-8725 (Online)
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