International Practice of Provision of Guarantees for Implementation of Investment Projects

2020 ◽  
Vol 11 (1) ◽  
pp. 99
Author(s):  
Mikhail Evgenievich KOSOV ◽  
Aleksandr Victorovich SIGAREV ◽  
Sergey Yuryevich POPKOV ◽  
Ksenia Valerievna EKIMOVA ◽  
Alexander Mikhailovich FEDOTOV
Keyword(s):  
Public Funding ◽  
International Standards ◽  
High Tech ◽  
Practical Implementation ◽  
State Support ◽  
Investment Activity ◽  
Investment Projects ◽  
Foreign Countries ◽  
The World ◽  
The Usa

Subject. State support for the country's economy, especially the support for its high-tech sector, is of great importance during a crisis. State guarantees are also one of the key instruments of state support for investment activity in Russia. Significant successful practice of using this instrument has been accumulated in Canada, Spain, the Netherlands, the USA, Turkey, Sweden, and Chile. The world experience indicates that the implementation of projects as public-private partnerships (PPP) leads to the completion of the project on time and in accordance with its budget more often than when implementing the project based on public funding only. Goals. The study is aimed at analysis of the mechanism of state guarantees in foreign countries, the conditions and consequences of their provision. Methods. The research methods include a review of the scientific literature in this area, synthesis and analysis of the information obtained, as well as comparison, formalization, and specification. Results. The practical implementation of state guarantees in foreign countries has been analyzed in the study. The specifics and the possibility of applying the best practices in Russia have been revealed. Conclusion. The fiscal legislation of Russia includes a developed system for regulating the provision of guarantees and establishes the requirements for the application and accounting of state guarantees that are very conservative in accordance with international standards. The application of the world practice in the creation of guarantee agencies in order to support small and medium-sized enterprises can have a positive effect on business activities. The need to diversify directions for the provision of state guarantees with a view to balanced economic development must also be noted.

İssues of assessing the investment climate in Azerbaijan

2021 ◽  
Vol 15 (3) ◽  
pp. 94-96
Author(s):  
Aysel Rövşən qızı Baxşəliyeva ◽  
Keyword(s):  
Key Words ◽  
Energy Security ◽  
Economic Assessment ◽  
Investment Policy ◽  
Financial Resources ◽  
Investment Climate ◽  
Investment Activity ◽  
Foreign Countries ◽  
The World

Our country, which is constantly developing economically and carrying out political reforms in parallel, thereby achieving a further increase in its international prestige. One of the important factors contributing to the regular strengthening of Azerbaijan's position in the international arena is the growing role of our country in the field of energy security, as well as its active investment policy. At present, our country is becoming one of the most advanced potential investors in the world. The number of foreign countries expecting to invest in Azerbaijan is constantly growing. Azerbaijan, which has great financial resources, has been investing in various foreign countries in recent years, provided that its interests are ensured. Key words: investment activity, economic assessment, dynamic indicators, economic indicators

scholarly journals Commercialization of innovative products: international and national experience

2020 ◽  
pp. 20-24
Author(s):  
Nataliia MYROSHCHENKO ◽  
Anastasiia SYMAK ◽  
Oksana ZARYTSKA
Keyword(s):  
Asian American ◽  
High Tech ◽  
Progressive Development ◽  
Goods And Services ◽  
Industrial Enterprises ◽  
Foreign Countries ◽  
Innovative Products ◽  
The Usa ◽  
Local Properties ◽  
High Level

Introduction. In modern highly competitive, dynamic and unstable conditions enterprises are able to function successfully in the marketplace and occupy leadership positions in large part due to developing, implementation and realisation of innovations. A high level of an innovative activity of enterprises creates preconditions for forming new competitive benefits, an increase of investment attractiveness, broadens possibilities of passage to new marketplaces, is an impulse for providing a progressive development. As practice shows, only a small part of innovations transforms in goods and services and is successfully commercialized due to its promotion in interested groups of consumers. That's why the problem of commercialization of innovative goods and services should be in field of view of society, government, private business, scientists because decision of this problem improves a competitive ability of goods and finely a level of population's life. The purpose of paper is an exploration of commercialization properties of innovative goods and services in foreign countries, detection of reasons of low level of commercialization of innovative goods and services by domestic enterprises. Results. It is considered a domestic and a worldwide experience of commercialization of high-tech goods and services of industrial enterprises in the context of Asian, American and European models of innovative development. It is particularly set that there in the USA, Europe and Asia the key role in development and implementation of high-tech goods and services play multinational companies, which quite often create venture companies in their structures. Besides, it is set that a venture capital is often concentrated in science parks, technopoles, business incubators and other innovative structures. It is proved that in the process of commercialization of high-tech goods and services is a governmental support of state, first of all, from positions of longevity of preferences, which are offered to subjects of innovative structures. It's also set that such kind of commercialization is successful when local properties of demand for new goods and services are taken into account. Regarding a domestic experience of commercialization of innovative goods and services, they should state that it has a quite low development. Conclusion. In this way, generalisation of domestic and foreign experience of commercialization of innovative goods and services shows that directions and ways of such commercialization are different and can have a different shape that is defined by local historical circumstances, traditions and national innovative politics in general.

scholarly journals Peculiarities Of Cultural Interaction In Education: The US Experience

2015 ◽  
Vol 5 (2) ◽  
pp. 97-101
Author(s):  
Olga Baybakova ◽  
Larysa Sidun
Keyword(s):  
Multicultural Education ◽  
Multicultural Society ◽  
Cultural Interaction ◽  
Religious Groups ◽  
Foreign Countries ◽  
The Us ◽  
The World ◽  
The Usa ◽  
Social Components ◽  
Racial Ethnic

AbstractArticle deals with the problem of multicultural education. Ukraine, being a multicultural society, requires a new conception of the world, aimed at integrating cultures and nations, their further convergence as well as cultural enrichment. In this context the experience of many foreign countries, especially the USA, is very interesting. This country differs from average multicultural nations in a range of peculiarities, one of which is the fact that cultural interaction was not within an individual ethnos, but within immigrants–descendants of different countries, representatives of various cultures. It is underlined that the USA is the country that underwent durable trials in search for the most optimum ways to provide cultural interaction. The most modern response to the cultural diversity at the end of the 20th century in the USA became the policy of multiculturalism. Multiculturalism is considered to be a democratic policy of solving the problem of cultural and social diversity in the society, which includes educational, linguistic, economic and social components and has specific mechanisms of embodiment.The interpretation of multicultural education is proposed as that one, which facilitates the formation in a person of the readiness for activities in a modern socio-cultural environment, preservation of personal identity, aspiration for respect and understanding of other cultural and ethnical communities, the ability to live in peace and harmony with representatives of various racial, ethnic, cultural, religious groups.

scholarly journals ADMINISTRATIVE AND LEGAL MECHANISM OF PREVENTING THE SUICIDE IN UKRAINE

2019 ◽  
pp. 87-93
Author(s):  
S.S. Filonenko
Keyword(s):  
Suicide Prevention ◽  
Causes Of Death ◽  
Scientific Research ◽  
The Elderly ◽  
Prevention Measures ◽  
Foreign Countries ◽  
The World ◽  
The Usa ◽  
Suicide Prevention Programs ◽  
Legal Mechanism

The article focuses on the study of suicide worldwide and Ukraine in particular. The phenomenon of suicide is relevant in all corners of the world, it affects people of all nations, cultures, religions, articles, and classes. The scientific community in many countries around the world demonstrates indifference to the problem of suicide; Accordingly, suicide is gradually becoming one of the leading causes of death worldwide. Thus, suicide ranks 15th among the leading causes of death. WHO statistics show that suicide is committed twice as often as murder, and emphasizes that this phenomenon is global and reaches critical levels every year. We have analyzed the regulatory framework for suicide at the global level. For example, over the last decades, since 2000, due to the incredible efforts of WHO, this problem has begun to receive national attention. In the developed world, many regulations on suicide prevention have been developed and adopted. In the course of scientific research, we found out that suicide and Ukraine is the seventh cause of death, which confirms the criticality of the problem and the need for its fastest solution. We believe that there is a need today to support such categories of persons as children and young people, servicemen, convicts, and the elderly. The article examines the experience of such foreign countries as the USA, Azerbaijan, Israel, Canada, Australia, New Zealand, Great Britain, and other European countries of the world. Finding out what prevention and prevention measures they have implemented in national suicide prevention programs, we see the possibility of their implementation in Ukraine and are convinced of their effectiveness. According to the results of scientific research, we will develop an administrative and legal mechanism for suicide prevention in Ukraine, which can work if all the steps of the algorithm for reducing suicide rates are fulfilled. Keywords: suicide, administrative and legal mechanism, the algorithm of actions, statistics, suicide rate.

scholarly journals The US Role in the World Manufacturing and Trade as a Global Issue

2018 ◽  
Vol 11 (2) ◽  
pp. 100-112
Author(s):  
V. G. VARNAVSKIY
Keyword(s):  
United States ◽  
Purchasing Power Parity ◽  
World Economy ◽  
The United States ◽  
High Tech ◽  
Power Parity ◽  
Instrument Making ◽  
Goods And Services ◽  
The World ◽  
The Usa

The article considers the USA role and place in the global  manufacturing and trade. Key aspects of the world economy  transformation in the context of globalization, internationalization  and liberalization are studied. As shows, USA and China are the two  largest economies in the world. United States is the world’s largest  economy by nominal GDP and second largest by purchasing power  parity (PPP). It holds a 15.4 percent share of global GDP in PPP  (2016). China is the world’s largest economy by PPP, accounting for  17.8 percent of global GDP. The USA share of world GDP declined by  a total of 3.8 percentage points between 2006 and 2016. At the  same time, the United States possesses great economic strength. It  is also the world leader in innovation. China’s success has mostly  been in lowerend innovation. This country has been less successful in  higher-end innovation, where USA currently maintain a lead. The  United States holds a leading position in aerospace, instrument  making, cloud computing, ICT, robotics-related technologies, nanomaterials, biopharmaceutical and other high-tech  industries and China significantly lags behind. Special attention is paid to the U.S. foreign trade. It is shown that the USA is one of  the world’s largest importer and exporter of goods and services. It  accounts for 10.5 percent of global goods and services exports in  2016 (second place after China) and 13.3 percent of global imports  (first place). Despite the world’s second place after China in some economic indexes such as gross domestic product (at PPP),   size of manufacturingand merchandise trade, USA ranks first in the  world in terms of quality indicators of economic development. It  remains the most powerful economy in the world. The author’s  conclusion is that, the loss of US world leadership in terms of output  indicators has not yet become a global problem for other countries  and world economy in the whole.

scholarly journals Valuation of Biological Assets at Fair Value

2019 ◽  
Vol 13 (3) ◽  
pp. 59-70
Author(s):  
A. O. Beryoza
Keyword(s):  
Financial Reporting ◽  
Foreign Market ◽  
Fair Value ◽  
World Market ◽  
International Standards ◽  
Information Support ◽  
Accounting Systems ◽  
Investment Projects ◽  
Financial Reporting Standards ◽  
The World

Today the globalisation of the world market leads to the necessity of constructive interaction in the international market and forming common standards of accounting. Transnational corporations as a phenomenon of worldwide integration are businesses with units in different countries of the world. Special issues of information support of management in agricultural organisations have become very important in the conditions of the market economy. Clear and transparent accounting in such enterprises requires the existence of common international standards. Such standards could become International Financial Reporting Standards (IFRS). They are designed to provide an understanding of financial processes in different countries for the interaction between investors and potential investment projects located in different national accounting systems. The standard “Agriculture” has great importance for the Russian Federation. Agriculture is one of the leading sectors of our country, supplying products for both domestic and foreign market. Accordingly, the adoption of this standard and the implementation of its provisions is an important and urgent issue of today’s economic reality. Introduction of this standard leads to the formation of fundamentally new methodological bases of the accounting of agricultural activities based on the market value of assets because paragraphs 12–13 of this Standard states that during the initial and subsequent valuation of biological assets will be measured at their fair value fewer costs to selling. Thus, the need to allocate biological assets in the separate account-economic category, their reflection in the accounting at fair value by the provisions of IAS 41 has determined the relevance of the topic, goal, objectives and logic of the article.

scholarly journals Financial Resources for the Growth of the Russian Economy

2021 ◽  
Vol 15 (2) ◽  
pp. 97-106
Author(s):  
V. I. Filatov
Keyword(s):  
National Economy ◽  
High Tech ◽  
Investment Activity ◽  
Global Competitiveness ◽  
Investment Projects ◽  
Sectoral Structure ◽  
Russian Economy ◽  
Wide Range ◽  
National Production

The article deals with the formation of financing mechanisms for the dynamic growth of the Russian economy, focused on ensuring the country's global economic and technological competitiveness in the long-term period. The transition to sustainable, dynamic development in modern Russian conditions is associated with implementing a deep structural and technological modernisation of the national economy. It should be focused on further improving the country's infrastructure and expanding the existing sectoral structure of the Russian economy based on advanced development of the production of modern machinery and equipment for a wide range of sectors of the national economy. One of the independent priority of structural modernisation is the accelerated development of technologies of a new technological order (NBIK technologies) and the creation of production facilities to produce new types of high-tech products to diversify exports and increase the global competitiveness of the Russian industry. The solution to this problem involves a significant increase in investment activity in the economy, at least by a third (at least 10 per cent of GDP). In the current conditions, the rise in investment activity should face several restrictions. First, with the weakness of the Russian national production of investment equipment, which can be overcome through imports, but most importantly, through the development of its own production of machinery and equipment in the national industry's structural modernisation. Second, the weakness of the national financial system, which is reflected in the lack of long-term savings and the low level of monetisation of the national economy. For overcoming this limitation, it is proposed to form a special investment circuit based on a targeted credit issue to finance investment projects. The conditions and limitations of using the target credit issue to finance economic growth are considered.

scholarly journals Difficulties and prospects for the development of high-tech projects in the epoch of digital transformation of economy

2021 ◽  
Vol 9 (2) ◽  
pp. 88-95
Author(s):  
I. A. Mandych ◽  
A. V. Bykova
Keyword(s):  
Digital Transformation ◽  
High Tech ◽  
Scientific Article ◽  
State Support ◽  
New Model ◽  
The Usa ◽  
Innovative Economy ◽  
The Moment ◽  
High Level ◽  
Resource Support

It is now customary to talk about the increasing role of high-tech projects in the formation of a digital model of the Russian economy. And the breakthrough that occurred at the turn of the century is called the information revolution. The task of developing an innovative economy in Russia is to ensure conditions under which the volume of production of science-intensive products, the share of which is extremely low, will increase. The production of these products is carried out by high-tech projects requiring financial, informational and resource support from various institutions, including the state. Today, Russia has a high level of potential for innovative development in the global economic space, however, at the moment, it does not contribute to its implementation. The aim of the scientific article is the formation of a new model of state support for the development of the industry of high-tech projects, which are the basis of the information, digital and innovative economy. The relevance of the research on the selected topic is due to the fact that in modern times there is a digital transformation of the economy of the Russian Federation (RF), which requires decisionmaking on the formation of a new approach to participation in high-tech projects programs. Within the framework of the article, the following tasks were solved: trends in the development of the innovative economy of Russia and its key problems in the framework of supporting high-tech projects were considered and recommendations were made on the formation of a new model of state support for the development of high-tech projects based on the study and borrowing of foreign experience of advanced countries of the digital economy, including the USA, Germany and Japan.

scholarly journals ANALYSIS OF STATE SUPPORT EFFECTIVENESS FOR HIGH-TECH INDUSTRIES

2020 ◽  
pp. 48-56
Author(s):  
I. V. Milkina ◽  
S. V. Lits
Keyword(s):  
State Level ◽  
Developed Countries ◽  
The State ◽  
High Tech ◽  
Domestic Economy ◽  
State Support ◽  
Support Measures ◽  
Civil Sphere ◽  
The Usa ◽  
High Technologies

The issue of the effectiveness of state support for sectors of the domestic economy, engaged in the development and production of products using high technologies, has been considered. Вased on the analysis of indicators characterizing the effectiveness of state support measures in this area, the conclusion has been made about the lack of effectiveness of this activity. It also has been concluded, that measures to support the domestic economy sectors related to its high-tech segment by the state are insufficient, which leads to backwardness of Russia behind the leading economically developed countries (the USA, Japan, Germany) in the development of high-tech industries of the civil sphere. This situation requires the adoption of measures to support and develop the high-tech segment of the domestic economy at the state level. The condition for increasing the effectiveness of measures of state support for the high-tech complex is to increase allocations for R&D in those industries whose products are able to compete with or surpass similar foreign models on an equal basis.

scholarly journals Tax Law Mechanisms of State Support for Entrepreneurship under Modern Conditions

2020 ◽  
Vol 15 (11) ◽  
pp. 36-50
Author(s):  
N. A. Sheveleva
Keyword(s):  
Significant Activity ◽  
Federal Law ◽  
State Support ◽  
Investment Activity ◽  
The Real ◽  
Investment Projects ◽  
Investment Protection ◽  
Economic Entity ◽  
Regional Investment ◽  
The Right

Encouragement of domestic investments into the real sector of the Russian economy is a pressing task of state administration at the current stage. As part of the measures of state support the author names tax preferences, including tax incentives both in their economic manifestation and in their legal implementation. Residents of special economic zones and other territories with special status, as well as participants of regional investment projects have the right to use reduced corporate income tax accompanied with a whole system of prohibitive conditions and restrictions. The assessment of the set of conditions and restrictions applied for various economic entities allows to question the real attractiveness of the status of a resident or participant of such a significant activity for the State as the investment activity. Lack of confidence in the rigidity of business conditions, including tax conditions, is a factor that affects adversely the attractiveness of investment activities. The significance of this factor is evidenced by the adoption of Federal Law № 69-FZ dated April 01, 2020, “On Investment Protection and Promotion in the Russian Federation” that provides for a stabilization clause covering tax regulation. The Federal Law has been widely discussed among business people at the stage of a draft. However, the new Law does not solve many problems: the conclusion of an agreement with a stabilization clause will be available to far from every economic entity, real and potential residents of territories with special status or participants in regional investment projects.

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