Russian Transnational Corporations in Services’ Sphere

Author(s):  
A. Kuznetsov

In 2000, Russia took the 27th place in the world ranking in terms of annual volume of outgoing FDI. In 2008, Russia joined the top 10. However, due to the ongoing structural adjustment of the world economy in the near future the Russian exporters of raw materials and semi-processed goods should not expect an equally favorable market situation that had provided the financial base for large-scale investment abroad. There is a global FDI trend towards a gradual shift in favor of the sectors of high-tech industries and dynamically progressing services’ sphere. At the same time, the leading TNCs continue to determine the competitiveness of national economies and to exert a significant impact on the current configuration of the international division of labor, transforming the global value chains. In this regard, it is important that external investment of the Russian corporations contribute to modernization of the domestic economy and do not constitute just a form of capital flight from the country. The article identifies reasons why some industries of the Russian economy have deployed a massive overseas expansion while others have failed to realize the potential of FDI.

2021 ◽  
Vol 3 (5) ◽  
pp. 19-22
Author(s):  
A. M. GUBERNATOROV ◽  

The article deals with the management of innovative development of economic systems. Enterprises of high-tech sectors of the economy were selected as the object of the study. It is proved that innovative trans-formations in the chosen industry are inevitable and this industry is undergoing significant transformations caused by large-scale digital processes. It is proved that the effectiveness of the innovative development of the industry is associated with the monitoring of its main development indicators, and therefore a system for evaluating the innovative development of high-tech industries based on key indicators is proposed.


Author(s):  
Andrey V. Cherechukin ◽  

The article provides an analysis of key trends in the international market, using the example of the countries of Northeast Asia. In 2019, the world coal market amounted to 1,424.5 million tons, of which 78.1% are energy grades to produce electricity and heat, and 21.9% are in metallurgy, the reserves of which are significantly less. The import coal market of the countries of Northeast Asia in 2019 was already 680 million tons, covering 48% of the entire world coal market. The paper provides an overview of the key importers and exporters of coal in the world, the quantitative and qualitative characteristics of the supplied raw materials, and analyzes the key factors affecting the pricing of coal. In the conclusions, the main trends in the international coal market of the countries of Northeast Asia are presented, including "geographical" — the shift of the center of world trade from Europe to Asia, and "types and quality of imported coal" — an increase in the share of high-quality premium energy and coking (metallurgical). Trends can be clearly seen in the countries of Northeast Asia, which actively use coal, and are making efforts to decarbonize their national economies, while intensifying inter-fuel competition with other primary energy sources.


2019 ◽  
Vol 105 ◽  
pp. 04049
Author(s):  
Tatiana Skryl ◽  
Evgeniya Shavina ◽  
Elena Dotsenko

The conditions for the transition to sustainable development and new industrial transformation for resource-dependent countries are closely linked. With the increasing volatility of the world market of raw materials and finance, the innovative modernization of the extractive industries, as the basis of the new industrialization of the economy, is experiencing significant difficulties. The article analyzes the problems of transition of the resource-dependent Russian economy to sustainable development, associated with the slowdown of the process of new industrialization in the context of the world market volatility. The authors assessed the new industrialization of the Russian economy following the 5-year period of sanctions imposed by Western countries. The article provides a theoretical review of the concept of the influence of sanctions on transition to sustainable development. The authors concluded that the mineral resources export-oriented strategy of the Russian economy still gives positive results, although the internal structure of the Russian economy has not changed significantly.


Author(s):  
A. I. Makarov

The history of Russian-Dutch relations dates back to the reign of Ivan the Terrible, when Dutch merchants first appeared in Arkhangelsk. Subsequently, at the end of the XVII centuryPeter I sent to European countries, including Netherlands, the Great Embassy, the results and experience of which played a recognized historical role in his large-scale socio-economic reforms in Russian Empire. At the present stage, Netherlands for Russia is one of the key suppliers of high-tech goods, services, competencies and management technologies mostly in all sectors of national economy, a transit country and a logistics hub for Russian exports, as well as an important partner in the field of cross-border investments. The article also analyzes the features of the Kingdom's economy, its place in global trade and key competitiveness rankings. In recent decades, Netherlands has confidently occupied one of the leading positions in European and world trade, ahead of many major economic partners and competitors. The author concludes that the importance of the progressive development of trade and economic relations with countries such as the Netherlands, cooperation with which has a generally positive impact on the transformation of the Russian economy, contributes to the diversification of exports, investments, attracting advanced competencies and innovations.


2018 ◽  
Vol 4 (2) ◽  
pp. 115-126
Author(s):  
F. A. Kurakov

In the absence of the development of exports of high-tech industries, the implementation of strategic tasks for the accelerated growth of the economy set by the Decree of the President of the Russian Federation “On national goals and strategic objectives of the development of the Russian Federation until 2024” of May 7, 2018 No. 240 is unlikely. According to most researchers, the main potentially possible commodity items in non-raw materials exports, which are in demand in the world markets, are the products of engineering, pharmaceutical industry, apparatus and devices used in medicine. Therefore, the right to participate in foreign economic activity is delegated, first of all, to large domestic companies. However, today Russia is a country with a large assortment of production of simple products, which requires building a systematic approach in the formation of both economic policy in general and export in particular in the direction of developing of non-resource industries that produce high-tech products. The analysis of the strategies for retaining the leading positions in narrow niche segments in the global market, analysis of the competitive and diversifying strategy of the German company Poly-clip System, which is the world’s leading producer of clipping systems and the world leader in the food packaging segment was performed.


2020 ◽  
Vol 217 ◽  
pp. 07008
Author(s):  
Elvira Karieva ◽  
Liliya Akhmetshina ◽  
Angela Mottaeva

A green economy supports the conservation of resources and reduces negative impacts on nature. The growth in the quality of human life “coexists” with the growth of natural capital, which ensures green growth. The aim of the study is to assess the state and substantiate the need for the development of a green economy in the world and in Russia in order to ensure intensification of efforts in the field of environmental protection, taking into account the positive impact on the development of national economies and the solution of social problems. The study made it possible to analyze the existing environmental problems and their impact on national economies, identify the prerequisites for the emergence of green technologies in the economy and the prospects for their implementation in the world and in Russia. As a result of the study, the initiatives of specialists for the development of the green economy in the world are identified, the provisions of the green course for the development of the Russian economy are presented.


2021 ◽  
Vol 2021 (1) ◽  
pp. 102-115
Author(s):  
Lidiia Kuznetsova ◽  
◽  
Oleksandr Bilotserkivets' ◽  
◽  

The article presents the results of a research on world and European experience of foresight research. Attention is focused on the organization of foresight research and institutional support of foresight in EU countries. The authors substantiate the necessity of expanding the practice of foresight research in Ukraine in the conditions of those changes in the nature of the world economy that occur under the influence of the COVID-19 pandemic and on the verge of upcoming change in the Kondratiev long cycles. Current trends in the world economy facilitate access to foreign markets, but at the same time create certain risks for national economies. Increasing competition between domestic and foreign producers for many countries means the bankruptcy of domestic enterprises, especially medium- and high-tech ones, which are unable to compete with corporations that are more powerful. Domestic prices for almost all goods increasingly depend on prices in other markets, which can form imbalance between the cost and price of labor and destroy the labor market, increasing migration of the working population, especially those with high levels of human capital, which reduces the country's opportunities in education, science and production and even multiplicatively affects economic growth. In these conditions, it becomes extremely important to determine the guidelines for future economic development and society, which actualizes the whole range of foresight research. For Ukraine, where foresight research is limited, the experience of those countries where foresight has become an integral part of strategic planning is vital. The article is devoted to the study of this experience, which identifies the basic organizational measures of foresight research, the main aspects of foresight institutionalization and the problems that hinder the development of foresight in Ukraine


2020 ◽  
Vol 19 (4) ◽  
pp. 1-11
Author(s):  
Iryna Sierova ◽  
Hanna Svydlo ◽  
Viktoriia Derykhovska ◽  
Zine Barka

Current trends in the socio-economic development of the world community have predetermined a close relationship between the parameters of the dynamics of national economies and their structural proportions. Changes in the quantitative proportions and the qualitative state of the world economy as a system determine the trend in the dynamics of the sectoral structure of the national economy. Despite the post-industrial nature of the development of countries with market economies, the source of their structural changes remains domestic economic growth, which is caused by the redistribution of capital and labor in high-tech manufacturing industries. Therefore, the purpose of this study is to formulate a general scheme for the correct assessment of the secondary sector of the Ukrainian economy based on the possibility of using analytical generalizations. The object of research is the structure of the types of activities that form the secondary sector of the national economy. The dynamics of this sector is largely determined by price characteristics. Therefore, in the analysis of reproduction processes, structural proportions associated with different price elasticities are taken into account. Since the basis for the formation of the price of products is the cost of their production, and the quantitative proportions of the economy determine the setting of new strategic goals, the article traces the dynamics of the relationship of zones and states of balanced indicators that reflect the activities of an industrial group as one of the forms of business organization. Reduction of dynamics indicators to one base allows them to be compared at all levels of generalization of data and to track trends that more accurately reflect the real state of the secondary sector of the national economy.


Author(s):  
Anastasiya Kovpaka

This publication is devoted to highlighting the problem of ensuring the appropriate level of national competitiveness and identifying ways to increase it in today's competitive market environment. In the context of the study, the main reasons for Ukraine's chronic lag in the system of international economic relations were identified, including: irrational use of the country's resource potential, high material consumption, energy-intensive economy, low efficiency of economic reforms, physical and moral depreciation, lack of sufficient funding for research and development, high unemployment and the progressive trend of emigration of scientists, unfavorable investment climate and others. According to the main factors used by the world community in determining the growth of competitiveness of the economy, three groups of indicators were identified, which are the main competitive advantages in an unstable market economy, namely: factors of production, income and investment and innovation potential. It was possible to analyze the indicators of the human development index and the level of competitiveness of the country on the basis of data from the International Institute for Development Management and the UNDP Report. Indicators of Ukraine in the ranking of innovative economies of the world helped to determine the main causes of technological backwardness of the country, based on which the main directions of innovation development were proposed: state support of science-intensive production, reorientation of raw materials orientation of Ukraine's exports to conduct innovative business. Attracting investment in technology development and innovative development of enterprises, stimulating the production of high-tech products and compliance with quality standards are the most important steps towards the reorientation of Ukraine's economy to an innovative model of socio-economic growth.


2021 ◽  
Vol 14 (2) ◽  
pp. 164-175
Author(s):  
L. N. Kalinichenko ◽  
E. V. Morozenskaya

For attracting private capital to the economy, African governments allocate territories for commercial and industrial use within Special Economic Zones (SEZ). This is an important factor in export diversification (primarily of manufactured products), expanding country’s participation in global value chains, and creating new jobs. Despite different specialization from labor-intensive (textile production, agriculture, etc.) to high-tech sectors, most of the existing SEZs are ineffective due to the underdevelopment of African markets, weak competition, large-scale corruption, but to a large extent - as a result of insufficient interconnection between individual producers.Economic space organization through the creation of clusters - production efficiency and the emergence of a special type of competition -allows them to use common infrastructure, labor and raw materials markets; jointly export products; exchange knowledge and technologies, which is significant in terms of the industrial revolution 4.0. Clusters have the characteristics of “growth poles” - territorial conglomerates that, due to their special position and infrastructural advantages, become locomotives of industrial growth, spreading to other regions.This is especially important given the prevalence of highly inefficient micro, small and medium-sized companies in African economies, a significant part of which is in the informal sector. Clusters, emerging as a rule “from below”, can turn into structure-forming elements of the economy (both at the national and regional levels), but only on condition of organizational and financial support from individual states and their economic communities. This is in the African economies interest, as evidenced by their gradual reorientation towards the domestic market development, as well the regional market expansion within the framework of integration associations.


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