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Engineering Control and Audit as a Tool of Joint Economic Crises Fighting in Russia and Europe

In: Russia and the European Union

Author

Listed:
  • Evgeniy Y. Moskvitin

    (Institute of the Service and Entrepreneurship Sphere (branch) of Don State Technical University)

Abstract

The purpose of the research is to determine possibilities and perspectives of the use of engineering control and audit as a tool of joint economic crises overcoming in Russia and Europe. The methodology of this research is based on the use of the method of regression and correlation analysis, logical modeling, analysis of causal connections, problem analysis, and method of strategizing. The authors determine the presence and strength of connection between the real sector of economy and its overcoming of the crisis and conduct the analysis of the role of engineering control and audit in provision of innovational development of economy’s real sector. As a result, they come to the conclusion that, firstly, the key to successful overcoming of economic crises lies in the real sector of economy, which is characterized by very high sustainability among the spheres of national economy, and, secondly, that activation of development of Russian and European industry requires development of the system of engineering control and audit that reduces the risk components of innovational projects. For that, the authors offer the engineering model of innovational development of real sector in Russia and Europe for the purpose of joint economic crises fighting.

Suggested Citation

  • Evgeniy Y. Moskvitin, 2017. "Engineering Control and Audit as a Tool of Joint Economic Crises Fighting in Russia and Europe," Contributions to Economics, in: Elena G. Popkova (ed.), Russia and the European Union, pages 483-488, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-55257-6_62
    DOI: 10.1007/978-3-319-55257-6_62
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