|PROBLEMS OF MODERN ECONOMICS, N 4 (68), 2018|
|SOCIO-ECONOMIC DEVELOPMENT IN FOREIGN COUNTRIES|
|Vashchuk A. E.|
Senior lecturer, Chair of European Studies, St. Petersburg State University, PhD (Economics)
Titov V. O.
Assistant Professor, Chair of Credit Theory and Financial Management, Department of Economics, St. Petersburg State University, PhD (Economics)
Gromov I. A.
PhD student, Baltic Academy of Tourism and Entrepreneurship (St. Petersburg)
|The authors focus on a complex approach to the mutual complementarity of Russian, Indian and Chinese economies in the sphere of bio-fuel and other alternative sources of energy production in the context of the countries’ sustainable innovative and digital growth. Nowadays production of bio-fuel and other alternative sources of energy undergoes rapid development; whereas depositories of the traditional energy sources tend to deplete and simultaneously become more expensive, developing economies have to analyze their future prospects in this area. The politics of dominating economies is likewise focused on the search of products alternative to oil and non-renewable energy sources. In this context, the competitive potential of the economic cooperation among Russia, India and China is considerable not only in the sphere of the traditional power engineering, but also as far as alternative energy production is concerned. The article discusses the types of interaction most profitable for the economies of the three countries|
|Key words: Russia, India, China, international trade, bio-fuel, renewable energy sources, factor and cluster analyses|
| Pages: 182 - 186|