Work

Creation of a financial mechanism for ensuring sustainable economic growth of business in the context of global challenges

Year: 2020

Type: conference-paper

Abstract: The vector of development of the Russian economy, which is aimed at sustainable economic growth of business, was threatened by unforeseen circumstances - the new coronavirus pandemic, which turned out to be one of the most powerful global external challenges for all leading national economies and the global business community as a whole. To overcome and minimize the consequences of the pandemic in the form of protracted economic crisis, the fall of the Russian currency, slow reproductive processes, a sharp decline in incomes and rise in unemployment, the almost complete stop of activities of business entities and investment processes, it is necessary for a state to take responsibility to stabilize the economy and rapid sustainable growth through the development and prompt implementation of a comprehensive plan for effective emergency measures to support the business, based on the implementation of which the authors propose a financial mechanism for ensuring sustainable economic growth of business.

Source: E3S Web of Conferences

DOI: 10.1051/e3sconf/202020803010

Authors: Gaukhar Kodasheva, Nadezda Piontkevich, Ekaterina Sheina

Institutions: L. N. Gumilyov Eurasian National University, Ural State University of Economics

Language: English

Topic: Economic and Technological Developments in Russia

Subfield: Development

Field: Social Sciences

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W3106978816