Approaches of countries with a significant share of mineral resources economy to forming a sustainable development financing policy

Kabir L.S.
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The article discusses the various approaches of countries with a significant share of the mineral economy (Brazil, India, Indonesia, Malaysia, Nigeria, Chile) to the formation of a new type of economic development in the world, called sustainable development, and the development of a new economic course, for which in international documents the term «green» is used.
The author shows that, firstly, the experience of these countries demonstrates a set of policy options to ensure the accelerated development of the green economy, including both direct command and control measures and indirect market instruments;secondly, by encouraging the private sector to finance transformational transformations, governments are introducing new legislation and initiatives, including addressing the goals of the 2030 Agenda for Sustainable Development; thirdly, the transition to a new model of the economy requires huge investments, while the potential of state budgets seems obviously insufficient; fourthly, promoting a green economy requires mobilizing private capital resources and stimulating technological innovation.

Funding
This research received no external funding.

How to Cite

(1)
Kabir, L. S. Approaches of Countries With a Significant Share of Mineral Resources Economy to Forming a Sustainable Development Financing Policy. Ученые записки Международного банковского института 2019, No. 4 (30), 50-59.
CC BY-NC 4.0 CC Attribution-NonCommercial 4.0 International

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