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Entrepreneurship and Sustainability Issues Open access
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Received: 2017-03-16  |  Accepted: 2017-11-20  |  Published: 2018-03-30

Title

Influence of existing social and economic interactions on sustainable territory development: the case of Iceland


Abstract

Iceland was identified as a typical country with relatively high achieved competitiveness level and at the same time negative growth capacity - so, with eroded sustainability of territory development. As a research hypothesis the authors suggest that Iceland's social and economic interactions with other "worlds-economies" are not diversified enough. The analysis of export/import and international migration flows of Iceland shows that a market-capitalist "world-economy" is an absolute leader (80-90%) for Icelandic international trade and migration. Analysis of air logistical interconnections shows that a kind of sub-"world-economy" is formed which can be referred to as a Northern-Atlantic one. As results of regression analysis show social and economic interactions with the representatives of its own "world-economy" mainly draw Iceland’s sustainable territory development in their direction, and, as the trends of their development are negative or stagnate (USA and Spain), Iceland’s trend of sustainable territory development is also drawn after them. In its turn, rather infrequent social and economic interactions with other "worlds-economies" either do not influence significantly Iceland’s sustainable territory development (as interactions with Brazil do) or influence in the opposite way (as interactions with China do). Therefore, the practical efficiency of recommendation of Human Development Report 2013 to interact more actively with other "worlds-economies" is not so far proved in social and economic reality - at least, in the case with Iceland as a typical highly-developed capitalist country.


Keywords

sustainable territory development, spatial economics, social and economic interactions, Iceland, worlds-economies


JEL classifications

O11 , O18 , R58


URI

http://jssidoi.org/jesi/article/157


DOI


HAL


Pages

412-437


Funding

The research leading to these results has received funding from the European Union Seventh Framework Programme (FP7 2007-2013) under grant agreement No. 291823 Marie Curie FP7-PEOPLE-2011-COFUND (The new International Fellowship Mobility Programme for Experienced Researchers in Croatia - NEWFELPRO). This article has been worked out as a part of the project "Rethinking Territory Development in Global Comparative Researches (Rethink Development)" which has received funding through NEWFELPRO project under grant agreement No. 10

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Komarova, Vera
Daugavpils University, Daugavpils, Latvia https://du.lv
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Lonska, Jelena
Rezekne Academy of Technologies, Rēzekne, Latvia http://www.rta.lv
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Lavrinenko, Olga
Daugavpils University, Daugavpils, Latvia https://du.lv
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Menshikov, Vladimir
Daugavpils University, Daugavpils, Latvia https://du.lv
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Journal title

Entrepreneurship and Sustainability Issues

Volume

5


Number

3


Issue date

March 2018


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 4927  |  PDF downloads: 2174

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