Academy of Entrepreneurship Journal (Print ISSN: 1087-9595; Online ISSN: 1528-2686)


The Role of Youth Innovative Entrepreneurship in the Strategic Development of the National Economies of Russia and Belarus in the Context of Digitalization

Author(s): Maxim S. Sokolov, Ruslan A. Abramov, Ivan V. Morozov, Meir N. Surilov

Aim of the study: Integration is the most obvious process that characterizes changes in social development in the economic environment. This is also a stage of transition from regionalization to globalization, from the structuring of the economic space to the acquisition of universal signs of social relations, which deepens the interaction between the subjects of these relations at the interstate level, "ignoring" the continental space. Methodology: The purpose of integration is to unite individual national economic systems (at the interstate level) into a single economic space – a kind of model of global competitive integration that would ensure the strategic position of our state in the world's international markets. Now, creating a favorable environment for integration between large and small businesses, especially in the industrial sector of the economy, should be formed on the basis of optimizing the allocation of public finances and economic policy. Post-crisis economic conditions are not conducive to stabilizing development. Conclusion: Therefore, today the processes of integration interaction are able to provide a certain stabilization due to the production and implementation of joint mutually beneficial tasks of economic policy of business entities, reducing risks. It can be stated that basically the concept of integration involves the interaction of elements of the environment or its subjects on the basis of their mutual identification of common management principles.

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