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At the current stage of social development, particular attention is drawn to studies that assess major infrastructure — and thus political — projects aimed at a qualitative breakthrough in the socio-economic development of the countries under investigation. The scheduled multi-billion investments into energy sector are of political rather than economic nature. The projects to develop alternative power grids and high-speed railways can result in large-scale economic downturns diminishing the prospects...

Transit is an important issue in the history of world economy, including the economy of Latvia. Transit makes a significant contribution to the budget of many transit countries, one of which is the Republic of Latvia. These countries do not have significant natural resources and prefer to focus on logistics and infrastructure in order to facilitate the transit process. This article focuses on the role of transit in the economy of Latvia, whose unique geographical position makes the country an effective...

This article offers a comprehensive definition of international, cross-border, and transnational clusters. The author presents a classification of international clusters of the Baltic Sea states, and identifies cross-border and transnational clusters. The paper considers the features of international clusters in the Baltic Sea region, as well as certain cases of implementation of national and international cluster policy. A comparative analysis of the Baltic Sea region provides a basis for identifying...

This article focuses on the cooperation between the constituent entities of the Northwestern Federal District of the Russian Federation and the Baltic countries (Finland, Estonia, and Norway) in the field of innovations at national and regional levels, as well as at the level of corporate cooperation. The author reviews successful implementation of innovation projects within cross-border and transnational cooperation programmes. The most significant projects focus on the development of information...

This article sets out to develop the concept and the principal scheme of the formation of a risk management system for innovative economic development projects in the field of aquaculture. The research carried out by the authors helps identify the main problems and characteristics of risk management projects for the development of aquaculture in presentday Russia. The authors outline the status and features of aquaculture development projects in the North-western federal district and the Kaliningrad...

Although it is a common assumption that innovations are one of the most important factors of economic development, there is a need to review some provisions of innovation methodology so that new fundamental values are taken into account more fully. Most recent business models are based on the depletion of natural environment, whose potential has been almost exhausted. It is necessary to introduce new ideas that are of use for society and create values for companies. One way of achieving this goal...

This article addresses the problem of definition and identification of clusters as localized mesoeconomic systems with fuzzy boundaries that stimulate the development of these systems. The author analyses the influence of the inductive approach to the formation of cluster theory and juxtaposes different typologies of clusters and other types of localized economic systems. The article offers an overview of the existing methodological approaches to the problem of cluster identification and emphasises...

The article evaluates negative externalities of the electricity industry and possibilities for the sustainable development. The concept of negative externalities of the electricity industry and evaluation and internalization of the negative externalities are reviewed from the viewpoint of principles of environmental economics and sustainable development. 1.         Arrow K. J. (1970). The organization of economic activity: issues pertinent to the choice of market versus nonmarket allocation. /...

This article considers national energy security as a component of foreign policy and diplomacy and analyses the current state of Russian energy policy, the role of Russia in global energy geopolitics and the factors affecting it. The author examines energy diplomacy as an instrument of foreign policy at both global and regional levels taking into account the changes in the corporate policy of energy companies. Zhiznin Stanislav 10.5922/2079-8555-2010-1-2 7-17 global energy, international relations...