Academy of Strategic Management Journal (Print ISSN: 1544-1458; Online ISSN: 1939-6104)

Research Article: 2021 Vol: 20 Issue: 1

Strategic Analysis on the Transformational Processes of Educational Services Funding: A Managerial and Economic Perspective from the International Scientific Research Cooperation

Arsen Azidovich Tatuev, Russian State Social University and Kabardino-Balkar State University named after H.M. Berbekov

Georgiy Nikolaevich Kutsuri, Finance University under the Government of the Russian Federation

Natalia Vladimirovna Klimova, Kuban state agrarian University named after I. T. Trubilin

Anna Anepodistovna Maruashvili, New Higher Education Institute

Lubov Vitalyevna Zubareva, Surgut State University

Nurul Mohammad Zayed, Daffodil International University

Abstract

Funding is an integral part of educational development, which directly affects the economy. The introduction of innovative approaches to funding policy contributes to the further formation of an educational institution. Based on this, the main goal of the research is to strategically analyze the transformational processes of educational services funding related to the managerial and economic view of international research cooperation. Using the method of analysis, the work has revealed the mechanism of financial support for interstate research projects of Russian research centers in 2014-2020 and presented the author's vision of changes in this situation for the period 2021-2040. In particular, the paper indicates the impact on this factor development of events from 2014 to the present in the form of sanction wars with Russia and China from some Western countries, primarily the United States, as well as their retaliatory measures. The study found that during the period from 2013 to 2017, the investments received from the United States amounted to about 1.5 billion rubles. Finland took the last place with third lower indicators.

Keywords: Educational Services, Russia, China, International Research Cooperation, Financial Support.

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