Russia in the Global Market of Construction Services
- Authors: Pinchuk V.N.1, Yakimovich E.A.1, Bartkus V.V.1
-
Affiliations:
- RUDN University
- Issue: Vol 32, No 2 (2024): INNOVATION AND INVESTMENT: OPPORTUNITIES AND PROSPECTS
- Pages: 266-286
- Section: INDUSTRIAL ORGANIZATION MARKETS
- URL: https://journals.rudn.ru/economics/article/view/39876
- DOI: https://doi.org/10.22363/2313-2329-2024-32-2-266-286
- EDN: https://elibrary.ru/IQQWZA
Cite item
Full Text
Abstract
The study presents a comprehensive analysis of Russia’s role in the global construction services market, highlights historical and modern aspects of the market, identifies key factors influencing the current position of Russia, and identifies the main challenges and prospects for the industry. The conducted research is based on the analysis of statistical data, reviews of scientific publications, reports of governmental and international organizations, as well as expert opinions. Research examines in detail the economic importance of the construction sector for Russia, its integration into the world economy and the impact of globalization. The importance of construction in creating infrastructure, housing, employment and supporting related industries is also discussed. The influence of economic, political and technological factors on the Russian construction industry is assessed, including economic policy, the national currency exchange rate, legislative changes and innovative technologies in construction. The industry’s problems and challenges are analyzed, including the impact of international sanctions and the political environment, identifying key obstacles to development and suggesting possible ways to overcome them. Particular attention is paid to strategies and recommendations aimed at improving Russia’s position in the global construction services market. In conclusion, the article emphasizes that Russia’s position in the global construction services market depends on the complex interaction of economic, political and technological factors. Effectively managing these aspects requires a deep understanding of global economic trends and strategic planning at the national level.
About the authors
Viktor N. Pinchuk
RUDN University
Author for correspondence.
Email: pinchuk-viknk@rudn.ru
ORCID iD: 0000-0003-4516-9347
Doctor of Economics, Professor of the Department of International Economic Relations, Faculty of Economics
6 Miklukho-Maklaya St, Moscow, 117198, Russian FederationElena A. Yakimovich
RUDN University
Email: yakimovich_ea@pfur.ru
Candidate of Economic Sciences, Assistant of the Department of International Economic Relations, Faculty of Economics 6 Miklukho-Maklaya St, Moscow, 117198, Russian Federation
Viktor V. Bartkus
RUDN University
Email: vbartkus@ya.ru
ORCID iD: 0009-0009-5828-6770
graduate student of the Department of International Economic Relations, Faculty of Economics
6 Miklukho-Maklaya St, Moscow, 117198, Russian FederationReferences
- Anikeev, V.V., & Bazavluk, S.V. (2019). Construction of nuclear power plants in the countries of the Middle East with the participation of Russian companies in the context of increasing the energy security of the region. RUDN Journal of Economics, 3(19), 368–376.
- Bon, R. (1996). Where is global construction going? Some results of the ECERU survey, 1993–1995. Research and information about construction, 24, 81–85.
- Kamenetsky, M.I., & Yaskova, N.Yu. (2018). Construction and the real estate market: from crisis to growth. Problems of forecasting, 1, 48–55.
- Levitsky, T.Yu., & Esetova, A.M. (2018). Quality management as an effective tool for regulating the competitive position of construction products on the market. RPPE, 8, 72–79.
- Naidenkov, V.I., & Jamalyan, A.A. (2019). To the Question about the factors of competitiveness of enterprises in the Russian construction industry. Expert: theory and practice, 1(1), 29–34.
- Samal, S.A., & Abrahamyan, F.L. (2019). Small and medium-sized enterprises in the construction services market. RPPE, (2), 50–58.
- Vishnivetskaya, A.I., & Ablyazov, T.Kh. (2018). Key directions of digital transformation of construction organizations. Theory and practice of service: economics, social sphere, technology, (4), 31–36.