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

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 developm...

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Bibliographic Details
Published in:Studies on Russian economic development 2019-11, Vol.30 (6), p.637-645
Main Authors: Litvinenko, V. S., Sergeev, I. B.
Format: Article
Language:English
Subjects:
Companies
Economic development
Economics
Economics and Finance
Industries and Interindustry Complexes
Innovations
International Economics
Natural resources
Wealth
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Summary: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.
ISSN:1075-7007
1531-8664
DOI:10.1134/S107570071906011X