The Role of Import Substitution in Providing Support for Small and Medium-Sized Businesses

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Abstract

The purpose this scientific article is devoted to the study of the role of social entrepreneurs on sustainable regional development in conditions of economic instability. The relevance of the chosen topic is justified not only by the fact that in the conditions of sanctions pressure and geopolitical destabilization, the domestic economy is forced to cope with various crisis phenomena, but also by the fact that against the background of current events, the level of social tension in society increases, social problems become even more urgent and new ones arise. Sustainable development covers a wide range of issues, including environmental protection, social equality, economic growth and cultural preservation. This requires a holistic and integrated approach that recognizes the interdependence of these issues and seeks to ensure their balance. Together with the analysis of the concept of sustainable development, which should be implemented both at the federal and regional levels, the authors suggest that social entrepreneurs have a significant beneficial impact on the sustainable development of regions. Sustainable development covers a wide range of issues, including environmental protection, social equality, economic growth and cultural preservation. This requires a holistic and integrated approach that recognizes the interdependence of these issues and seeks to ensure their balance. In conditions of economic instability, the state should pay special attention to the development of the institution of social entrepreneurship, since in conditions of increasing social tension and economic destabilization, the level of social problems increases, and social entrepreneurs share the state’s capabilities in solving these problems. Responsibility for the development of the regions lies not only on the state and social entrepreneurs, but also on every member of our society.

About the authors

Pavel V. Razov

Financial University under the Government of the Russian Federation

Author for correspondence.
Email: pvrazov@fa.ru
ORCID iD: 0000-0003-2714-8622
SPIN-code: 9488-2829

Doctor of Sociology, Professor; Professor, Department of Sociology, Faculty of Social Sciences and Mass Communications

Russian Federation, Moscow

Irina G. Prokhorova

Financial University under the Government of the Russian Federation

Email: igprokhorova@fa.ru
ORCID iD: 0000-0002-2703-2569
SPIN-code: 8317-5149

senior lecturer, Department of Sociology, Faculty of Social Sciences and Mass Communications

Russian Federation, Moscow

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