Journal of Siberian Federal University. Humanities & Social Sciences / The Impact of Large Mining Corporations on Reducing Poverty and Social Inequality in Resource-Based Regions

Full text (.pdf)
Issue
Journal of Siberian Federal University. Humanities & Social Sciences. 2022 15 (7)
Authors
Popodko, Galina I.; Nagaeva, Olga S.; Shishatsky, Nikolai G.
Contact information
Popodko, Galina I.: Institute of Economics and Industrial Engineering SB RAS Novosibirsk, Russian Federation; ; ORCID: 0000-0003-0529-7010; Nagaeva, Olga S.: and Nikolai G. Shishatsky Institute of Economics and Industrial Engineering SB RAS Novosibirsk, Russian Federation; ORCID: 0000-0003-3946-3144; Shishatsky, Nikolai G.: Institute of Economics and Industrial Engineering SB RAS Novosibirsk, Russian Federation; ; ORCID: 0000–0001–8256–5512
Keywords
ESG; poverty; social inequality; resource-based region; inclusive development; large corporations; Krasnoyarsk Krai; ESG‑investing
Abstract

The standard measure of economic development, such as gross regional product (GRP), does not reflect real economic progress. In resource-based regions, high GRP growth rates are often accompanied by low living standards, high social inequality and incidence rates. The Inclusive Development Index is considered as the most accurate indicator of real economic progress. According to the concept of inclusive development, economic growth should be aimed at improving living standards, reducing social inequality, and developing healthcare and education systems. The participation of large mining companies in solving socio-economic problems is essential for the inclusive development of resource-based regions. The purpose of the paper is to study the role of large corporations in the inclusive development of the Krasnoyarsk Krai which is a typical resource-based region where several largest Russian corporations operate. The paper contributes to the literature by investigating the impact of large mining corporations on the inclusive development through responsible investing. The results allowed us to conclude that large corporations have a significant positive impact on the inclusive development of the Krasnoyarsk Krai

Pages
987–1000
DOI
10.17516/1997-1370-0903
Paper at repository of SibFU
https://elib.sfu-kras.ru/handle/2311/145596

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