PROBLEMS OF CORPORATE ECONOMICS AND SUSTAINABLE DEVELOPMENT IN THE CONTEXT OF THE SANCTION WORLD ORDER: LIVING STANDARDS AND LIFE QUALITY
PROBLEMS OF CORPORATE ECONOMICS AND SUSTAINABLE DEVELOPMENT IN THE CONTEXT OF THE SANCTION WORLD ORDER: LIVING STANDARDS AND LIFE QUALITY

Summary/Abstract: It is becoming more difficult for the economy to enter the predicted development trends under conditions of the global systemic crisis, which has become a source of serious problems for countries that are deeply integrated into the world economy. The use of well known decision-making mechanisms for a wide range of problems, such as unsustainable consumption and production patterns, poverty and hunger, gender inequality, inequalities between countries and within countries, ecosystem disruption and a number of other equally important problems deserve additional reflection and analysis. In the context of the issues covered in the article, it is especially relevant to analyse the simultaneous impact on the economy of sustainable development mechanisms, based primarily on the objectives of declarative character and practice-oriented economic sanctions. The interrelation of diametrically opposed instruments of global influence that regulate the “scale” of the modern world economy in an attempt to improve its stability is described in the article. Economic sanctions and instruments of sustainable development, methods of corporate management,direct the modern international institutional mechanism to ensure the stability of economic development and sustainable economic growth. In this regard, the application of both sanctions and mechanisms for sustainable development is getting more and more justified.The authors conducted a systematic analysis of corporate economics and principles of sustainable development against the impact of sanctions; identified the problems of sustainable development caused by the introduction of sanctions that make it difficult to achieve the sustainable development goals in the longer term. Possible ways to solve the identified problems are suggested. We studied the "sanctions – living standard, life quality"relation for the BRICS countries in the period of sanctions against Russia and China. We proposed possible solutions for the problems identified.

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