Sustainable development as a basis for regional economic security

Aim. The work aimed to justify the relationship between sustainable development and economic security of the region, as well as development of approaches to the integration of these concepts to achieve socio-economic sustainability.

Objectives. The work seeks to discuss various types of services (tourism, medical, housing and public utility, financial, etc.), as well as analyze their role in the socio-economic development of the region.

Methods. The methodology is based on a literature review of Russian and international scientific research experience. This enabled to assess comprehensively the impact of sustainable development factors on the state of regional economic security in the face of modern challenges.

Results. Priority fields have been identified, such as greening the economy, developing human potential, introducing innovative technologies, and improving the quality of life of the population, which contribute to increasing the regional sustainability. It has been established that the implementation of sustainable development principles ensures the region’s economic security, reducing socio-economic risks, minimizing environmental threats, and strengthening the infrastructural and institutional foundations.

Conclusions. The strategic direction of sustainable growth of the region also includes the formation of an ecological type of economy. The introduction of environmentally friendly production methods, the use of cost-effective technological solutions, and the expansion of the sphere of alternative energy not only reduce harm to the environment, but also open up prospects for increasing economic productivity. Successful achievement of these objectives requires comprehensive interaction between the state, business, and civil society. The definition of a clear regional policy based on the study of the competitive advantages and disadvantages of the region, as well as global trends and problems, is a key initial stage. Effective instruments of control and interaction should be developed, which ensure a balance of interests of the participants involved and focus on achieving common goals. The creation of an attractive investment climate plays a key role in achieving success, stimulating the inflow of capital from Russian and international investors in the field of innovation and environmental initiatives. The integration of advanced technological solutions, the growth of a green economy and sustainable tourism practices are complementary aspects of a unified strategy for sustainable territorial progress. Sustainable development of the region in the future will become possible only through the harmonious interaction of these components, which will ensure its prosperity and participation in solving global environmental and social challenges.

1. Maslennikova A.V. Study of the influence of agglomeration processes on sustainable development of territories based on the composition of cognitive and dynamic modeling. In: Systems analysis in design and management. Proc. 25th Int. sci. and educ.-pract. conf. (St. Petersburg, October 13-14, 2021). In 3 pts. Pt. 1. St. Petersburg: Peter the Great St. Petersburg Polytechnic University; 2021:313-319. (In Russ.). https://doi.org/10.18720/SPBPU/2/id21-73

2. Mitina I.A., Zybarev S.V., Savon I.V. Financial policy as a basis for achieving financial security of the state and the region. Vestnik evraziiskoi nauki = The Eurasian Scientific Journal. 2020;12(1):57. URL: https://esj.today/PDF/53ECVN120.pdf (accessed on 20.05.2025). (In Russ.).

3. Dolganova Ya.A., Rudenko M.N. Sustainable development of regions as the basis for the formation of an economic security system. Izvestiya Sankt-Peterburgskogo gosudarstvennogo ekonomicheskogo universiteta. 2023;(6-1):99-106. (In Russ.).

4. Bazhanova M.I., Tsalo I.M. Modern approach to assessing the level of economic security of the region. Vestnik Yuzhno-Ural’skogo gosudarstvennogo universiteta. Seriya: Ekonomika i menedzhment = Bulletin of South Ural State University. Series: Economics and Management. 2024;18(1):23-35. (In Russ.). https://doi.org/10.14529/em240103

5. Korableva A.A., Breusova A.G. Key aspects of the economic security development in the practice of regional management (Part 1). Vestnik Omskogo universiteta. Seriya: Ekonomika = Herald of Omsk University. Series: Economics. 2023;21(2):108-117. (In Russ.). https://doi.org/10.24147/1812-3988.2023.21(2).108-117

6. Adamov E.V. The problem of sustainable regional development under sanctions pressure (the case of Tambov region). Munitsipalitet: ekonomika i upravlenie = Municipality: Economics and Management. 2023;(1):13-22. (In Russ.). https://doi.org/10.22394/2304-3385-2023-1-13-22

7. Karsuntseva O.V., Burkina T.A. Industrial complex in the context of economic security of the region. Vestnik evraziiskoi nauki = The Eurasian Scientific Journal. 2020;12(5):4. URL: https://esj.today/PDF/08ECVN520.pdf (accessed on 20.05.2025). (In Russ.).

8. Badashin M.S. Economic and legal support of the ecological safety of the region (on the example of the Ulyanovsk region). Skif. Voprosy studencheskoi nauki = Sciff. Issues of Students’ Science. 2022;(8):248-259. (In Russ.).

9. Zlobina E.Yu., Kotlyachkova N.V. Analysis of the innovative component of regional economic security (on the example of the Udmurt Republic). Vestnik Udmurtskogo universiteta. Seriya Ekonomika i pravo = Bulletin of Udmurt University. Series Economics and Law. 2024;34(4):602-607. (In Russ.). https://doi.org/10.35634/2412-9593-2024-34-4-602-607

10. Dronov R.V., Ganchar N.A. Approach to the study of economic security of the border region as a scientific category. Izvestiya Sankt-Peterburgskogo gosudarstvennogo ekonomicheskogo universiteta. 2020;(4):69-74. (In Russ.).

11. Evdokimov S.Yu. The specifics of state regulation of the regional economy in the context of external challenges and threats to the economic security of Russia. Vestnik Moskovskogo finansovo-yuridicheskogo universiteta MFYuA = Herald of the Mosсow University of Finances and Law MFUA. 2022;(4):59-66. (In Russ.). https://doi.org/10.52210/2224669X-2022-4-59

12. Moronova O.G. Production potential of rural areas as the basis for ensuring food security in the region (based on the materials of the Vologda region). Progressivnaya ekonomika = Progressive Economy. 2023;(10):125-144. (In Russ.). https://doi.org/10.54861/27131211-2023-10-125

13. Shashlo N.V., Ershova T.V. Conceptual foundations of the state management of food security in conditions of sustainable development of the regional economic system. Azimut nauchnykh issledovanii: ekonomika i upravlenie = ASR: Economics and Management (Azimuth of Scientific Research). 2022;11(2):81-86. (In Russ.). https://doi.org/10.57145/27128482-2022-11-02-18

14. Parfenov D.A. Critical analysis of econometrics. Gosudarstvennoe upravlenie. Elektronnyi vestnik = Public Administration. E-Journal. 2020;(83):163-174. (In Russ.). https://doi.org/10.24411/2070-1381-2020-10114

15. Shekhovtseva L.S. Evolution of integrated approaches: A paradigm of regional system development. Voprosy innovatsionnoi ekonomiki = Russian Journal of Innovation Economics. 2020;10(2):805-818. (In Russ.). https://doi.org/10.18334/vinec.10.2.100920

16. Shkarupeta E.V., Dolganova Ya.A., Peryshkin M.O. Intelligent digital technopolis in the context of improving economic security of depressed regions. π-Economy. 2023;16(5):66-77. (In Russ.). https://doi.org/10.18721/JE.16505

17. Khorolskaya T.E., Radchenko M.V., Musostov Z.R. Current aspects of formation of innovative economy of the region in modern conditions. Estestvenno-gumanitarnye issledovaniya = Natural Humanitarian Studies. 2021;(37):298-302. (In Russ.). https://doi.org/10.24412/2309-4788-2021-537-298-302

18. Noskin S.A., Nadezhina O.S. Assessment of the level of economic security of the region based on the factors of digital development. Vestnik Akademii znanii = Bulletin of the Academy of Knowledge. 2022;(49):205-216. (In Russ.).

19. Ali E.B., Anufriev V.P., Amfo B. Green economy implementation in Ghana as a road map for a sustainable development drive: A review. Scientific African. 2021;12:e00756. https://doi.org/10.1016/j.sciaf.2021.e00756

20. Kang J., Zhang X., Zhu X., Zhang B. Ecological security pattern: A new idea for balancing regional development and ecological protection. A case study of the Jiaodong Peninsula, China. Global Ecology and Conservation. 2021;26:e01472. https://doi.org/10.1016/j.gecco.2021.e01472

21. Melnychenko O. Is artificial intelligence ready to assess an enterprise’s financial security? Journal of Risk and Financial Management. 2020;13(9):191. https://doi.org/10.3390/jrfm13090191

22. Mhlanga D. Artificial intelligence in the Industry 4.0, and its impact on poverty, innovation, infrastructure development, and the sustainable development goals: Lessons from emerging economies? Sustainability. 2021;13(11):5788. https://doi.org/10.3390/su13115788

23. Zhang R., Chen S., Xu S., Law R., Zhang M. Research on the sustainable development of urban night tourism economy: A case study of Shenzhen City. Frontiers in Sustainable Cities. 2022;4:870697. https://doi.org/10.3389/frsc.2022.870697