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Financial aspects of the contribution of fisheries to the sustainable development of coastal regions

https://doi.org/10.46845/2073-3364-2024-0-2-90-104

Abstract

Coastal regions are a territorial system located on the sea coast and are socio-economic systems largely related to fishing activities. The specifics of the coastal region are determined by geographical features, but are realized in economic and social manifestations. Thus, the location of the region on the shore of a fishing reservoir creates conditions for fishing enterprises in regional economic and social development. As part of the modern approach to development, it is necessary to ensure its sustainability. In addition, a feature of the current situation is the issue of ensuring social stability at the regional level. An essential element of this is the need to solve problems related to food security in the region. In such a situation, the most adequate approach to ensuring socio-economic development is the ESG approach, which has become widespread in banking institutions to assess the feasibility of lending. The article proposes that the assessment of sustainable development should be based on financial indicators that reflect environmental, social and governance metrics. It is proposed to use financial indicators from a set that characterizes the performance of regional heads. Strategic marine and spatial planning and monitoring of regional environmental management and development are identified as the main tools for achieving and maintaining sustainable development. The calculation of financial indicators characterizing the contribution of fisheries to the development of the coastal regions of Russia was carried out.

About the Author

V. I. Kuzin
Kaliningrad State Technical University
Russian Federation

Vladimir I. Kuzin - Candidate of Economic Sciences, Associate Professor INOTEKU 

Kaliningrad

 



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Review

For citations:


Kuzin V.I. Financial aspects of the contribution of fisheries to the sustainable development of coastal regions. Baltic Economic Journal. 2024;(2(46)):90-104. (In Russ.) https://doi.org/10.46845/2073-3364-2024-0-2-90-104

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ISSN 2073-3364 (Print)