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Co-evolutionary-convergent potential of ESG 5.0 as a driver of industrial growth of the Russian economy in a multipolar world

https://doi.org/10.35854/1998-1627-2024-8-953-971

Abstract

   Aim. To study the coevolutionary-convergent potential formed by synergetic integration of Industry 5.0 technologies and ESG principles, as well as to conceptualize this potential as a driver of industrial growth of the Russian economy in a multipolar world.

   Objectives. Clarification of the concept of “co-evolutionary-convergent potential” and its implementation in relation to ESG-development version 5.0 in a multipolar world; identification of trends and tendencies in the formation of co-evolutionary-convergent potential of ESG 5.0 on the basis of bibliometric analysis; assessment of opportunities and challenges of the potential impact of co-evolutionary-convergent potential of ESG 5.0 on economic growth in Russia.

   Methods. The research was conducted using the scientific method of systematic review and meta-analysis according to the PRISMA model. Methods and tools of bibliometric analysis were used, including VosViewer, biblioshiny in R-environment and Lens analytics. ChatGPT-4 model was applied as an intelligent assistant for analyzing and structuring information.

   Results. The key trends and tendencies of ESG 5.0 co-evolutionary and convergent potential formation were revealed. The analysis of the relationship between the concepts of “Industry 5.0” and “ESG” was carried out, the most productive authors and organizations, as well as the main directions of research were identified. The significant role of ESG 5.0 in stimulating sus-
tainable and innovative growth of the Russian economy was confirmed.

   Conclusions. The coevolutionary and convergent potential of ESG 5.0 is of great importance for promoting industrial growth and sustainable development of the Russian economy. In order to realize this potential, it is necessary to create appropriate infrastructure, adapt the regulatory environment and increase investment in research and development.

About the Authors

A. V. Babkin
Peter the Great St. Petersburg Polytechnic University
Russian Federation

Alexander V. Babkin, D.Sc. in Economics, Professor, Professor at the School, Head of the laboratory

Higher School of Engineering Economics; research laboratory “Digital Economy of Industry”

195251; 29 Polytechnicheskaya st.; St. Petersburg


Competing Interests:

The authors declare no conflict of interest related to the publication of this article



E. V. Shkarupeta
Peter the Great St. Petersburg Polytechnic University; Voronezh State Technical University
Russian Federation

Elena V. Shkarupeta, D.Sc. in Economics, Professor, leading researcher, Professor at the Department

research laboratory “Digital Economy of Industry»; Department of Digital and Sectoral Economics

195251; 29 Polytechnicheskaya st.; St. Petersburg; 394071; 84, 20-letiya Oktyabrya st.; Voronezh


Competing Interests:

The authors declare no conflict of interest related to the publication of this article



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For citations:


Babkin A.V., Shkarupeta E.V. Co-evolutionary-convergent potential of ESG 5.0 as a driver of industrial growth of the Russian economy in a multipolar world. Economics and Management. 2024;30(8):953-971. (In Russ.) https://doi.org/10.35854/1998-1627-2024-8-953-971

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ISSN 1998-1627 (Print)