scholarly journals BANKS AND BANKING BUSINESS IN RUSSIA IN THE FACE OF INTERNATIONAL SANCTIONS

2016 ◽  
pp. 154-168
Author(s):  
G. S. Panova
Keyword(s):  
Development Strategy ◽  
Banking Sector ◽  
Developed Countries ◽  
The State ◽  
Present Condition ◽  
The World ◽  
The Face ◽  
Banking Business ◽  
International Sanctions ◽  
Banks And Banking

The article provides an analysis of the present condition and prospects of development of banks and the banking business in the face of international sanctions. It identifies current trends, problems and the risks of banks and banking in Russia and in the world. Special attention is paid to the analysis of sectoral international sanctions against the Russian banks and the need to minimize negative impact of sanctions on the banking business, both nationally and internationally. Great value in these conditions has the state monetary policy. Anti-crisis policy pursued by the Bank of Russia, in a context of stagnating economy, leads to a reduction in the Russian share in the world economy and increases in the standard of living gap with the developed countries. The article argues that Russia's economic growth opportunities in 2016 are limited by restriction level of bank interest, the high volatility of the exchange rate of the national currency, insufficient development of credit relations, tough, high-budget (at the level of developed Europe) tax burden, increasing administrative costs, dramatically increasing the concentration of risks of subjective decisions at the present stage of the electoral cycle. In a situation of uncertainty of predictions regarding the scope and duration of the application of sanctions, the Russian Government and the Central Bank of the Russian Federation had rightly seek to use a combination of anti-sanctions measures of austerity measures on introduction of contra-sanctions to create more comfortable conditions for doing business in Russia and her allies from member countries of Eurasian Economic Union, SCO, BRICS. The article examines the strategic aspects of development banks and banking business in Russia under the new circumstances. Given the practical recommendations on improvement of the development strategy of banks in Russia. The necessity to improve the theoretical, conceptual, methodological, her reasoning and extend the range of retrospective and prospective analysis of the State of the banking sector development strategy of the Russian economy.

scholarly journals Neoliberalism is not dead – On political implications of Covid-19

2020 ◽  
pp. 030981682098238
Author(s):  
Miloš Šumonja
Keyword(s):  
Free Market ◽  
The State ◽  
Working Classes ◽  
Strong State ◽  
Hand Grip ◽  
Right Hand ◽  
The People ◽  
Political Implications ◽  
The World ◽  
The Face

The news is old – neoliberalism is dead for good, but this time, even Financial Times knows it. Obituaries claim that it had died from the coronavirus, as the state, not the markets, have had to save both the people and the economy. The argument of the article is that these academic and media interpretations of ‘emergency Keynesianism’ misidentify neoliberalism with its anti-statist rhetoric. For neoliberalism is, and has always been, about ‘the free market and the strong state’. In fact, rather than waning in the face of the coronavirus crisis, neoliberal states around the world are using the ongoing ‘war against the virus’ to strengthen their right-hand grip on the conditions of the working classes.

Human capital in the new development strategy of Russia

2021 ◽  
pp. 410-423
Author(s):  
Konstantin Konstantinovich Kolin
Keyword(s):  
Human Capital ◽  
Development Strategy ◽  
Socioeconomic Development ◽  
Innovation System ◽  
Developed Countries ◽  
Modern Concept ◽  
National Human ◽  
The World ◽  
The Developed Countries ◽  
Main Components

The article analyzes the modern concept of human capital and its role in the socioeconomic development of society. The structure of human capital in Russia and the state of its main components have been studied. The necessity of creating mechanisms for significantly more effective use of the intellectual potential of scientific and educational institutions of the country, as well as of the formation of a national innovation system, is shown. It is demonstrated that according to the World Bank estimates, today the national human capital in developing countries accounts for more than half of their national wealth, and in the developed countries of the world – for about 70-80%. Thus, human capital is now considered as the most important economic category, the importance of which will significantly increase in the 21st century. The author believes that it is advisable to use the positive experience of the functioning of such a system in China.

scholarly journals Positive impact of international companies on development of knowledge economy

2017 ◽  
Vol 15 (2) ◽  
pp. 81-89 ◽  
Author(s):  
Maxim Polyakov
Keyword(s):  
Development Strategy ◽  
Knowledge Economy ◽  
Positive Impact ◽  
Human Life ◽  
Developed Countries ◽  
Basic Program ◽  
Adverse Impact ◽  
Positive Effects ◽  
The World ◽  
International Companies

In recent years, all economically developed countries of the world experience formation of knowledge economy as the highest stage of postindustrial economy development. International companies, basing their activity on accumulation of human capital according to the principles of innovativeness, scientific nature, continuity and progressiveness, play an important role in activation of this process. Owing to global nature of their activity it influences all spheres of human life in the world, improving it, as well as having an adverse impact (enhancement of poverty in some regions of the word, environment pollution, etc.). Achievement of these conditions of sustainable economic growth is possible just by the way of prevention of the adverse impact, which, among other things, depends on the active social position of the management of international companies. Therefore this paper is aimed at identification of priority focuses of socially responsible activity of international companies. This goal was achieved through generalization of basic program initiatives of the activity of three companies, leading in innovations (Apple, Samsung and IBM). Adoption of the above-mentioned initiatives by other companies of the world as guides while developing their own development strategy has to facilitate the growth of positive effects from enhancement of knowledge economy in the world.

scholarly journals SWOT-ANALYSIS AS A TOOL FOR DETERMINING A SMALL ENTREPRENEURIAL STRUCTURE DEVELOPMENT STRATEGY

2021 ◽  
pp. 59-66
Author(s):  
Khrystyna Danylkiv ◽  
Oksana Sadura
Keyword(s):  
Economic Growth ◽  
Development Strategy ◽  
Small Businesses ◽  
Matrix Method ◽  
Banking Sector ◽  
Swot Analysis ◽  
External Environment ◽  
The State ◽  
Retail Trade ◽  
Strategic Analysis

Purpose. The aim of the article is strategic analysis of the state of development of LLC “GALYCHMED”, identification of positive and negative trends and changes, identification, and awareness of the factors that cause inhibition of its development, search for priority ways and directions of development of the analysed enterprise. Methodology of research. To achieve this goal, a toolkit of research methods was used, namely: economic-statistical and calculation-analytical – to study the opportunities and threats to the external environment of the operation of LLC “GALYCHMED”, the strengths and weaknesses of the studied enterprise; matrix method of strategic analysis (SWOT-analysis) – to comprehensively reflect the results of the analysis of the external and internal environment of LLC “GALYCHMED”; problem-oriented – to substantiate the strategic directions and the potential scenario of solving the issues of development of the analysed enterprise; tabular – for visual display and effective perception of statistical data; induction and deduction – for concluding; logical – for the consistent generalization of theoretical and practical provisions of scientific research. Findings. SWOT analysis was performed according to the stages of filling in the SWOT matrix, processing (summarizing) results, and analysis of results. It is noted that the main purpose of SWOT analysis as a matrix method is to obtain reliable data on the company’s capabilities and threats to its promotion in the market of goods and services, so before SWOT analysis are the following tasks: identifying marketing opportunities that meet the company’s resources; identification of marketing threats and development of measures to neutralize their impact; identifying the strengths of the enterprise and comparing them with market opportunities; identification of enterprise weaknesses and development of strategic directions for overcoming them; identification of competitive advantages of the enterprise and formation of its strategic priorities. It is established that the influence of the macroenvironment is negative and the mesoenvironment is positive. The most important factors of positive influence are the attitude of the buyer to the product, the population, the attitude of people to work, and so on. Among the most negative factors are inflation, the social situation in the country and the world (COVID-19), financial crisis, slowing economic growth, the purchasing power of the population, industry competitors, potential competitors, and more. The following advantages of the analysed enterprise are determined: the goods sold by the enterprise; quality of services; state of the sales system; market share; availability of credit; enterprise assets; net profit. It is proved that the unstable financial market due to the pandemic, the devaluation of the national currency, the situation in the banking sector, losses in the area of environmental protection in eastern Ukraine, as well as other factors negatively affected the trading activities of LLC “GALYCHMED”. In most retailers, costs have risen and profits have fallen, prompting more conservative pricing and spending cuts. Originality. The application of SWOT analysis has been further developed, which allows to selection measures to ensure the economic growth of the enterprise, systematize problem situations, identify and use new potentials faster than competitors, avoid dangers, make informed decisions about small business development, and prevent irrational use of financial assets. This technique is an effective, affordable, cheap way to assess the state of the problem and management situation in small businesses. Practical value. The results of the SWOT analysis are recommended for use by the researched enterprise (LLC “GALYCHMED”) and other retail enterprises to determine the development strategy, for market analysis and study of competitiveness, but each time it must be adapted to the specifics of the enterprise. Key words: SWOT analysis, strengths, and weaknesses of the enterprise, opportunities and threats, external environment, economic environment, financial and economic situation, retail trade, strategic planning, demography, political environment.

Artificial Intelligence in the Banking Sector: Opportunities and Challenges

2021 ◽  
pp. 81-97
Author(s):  
Galina Semeko ◽  
Keyword(s):  
Artificial Intelligence ◽  
Banking Sector ◽  
High Tech ◽  
The World ◽  
The Face

The article deals with the problems of using artificial intelligence technologies in the banking sector in the world in general and in Russia in particular. Characterizes the potential of artificial intelligence technologies and their role in increasing the competitiveness of banks in the face of in Creasing competition from new high-tech financial providers. Presentes an analysis of the factors hampering the introduction of artificial intelligence technologies in banks.

Structural Adjustment, Human Needs, and the World Bank Agenda

1991 ◽  
Vol 29 (1) ◽  
pp. 173-189 ◽  
Author(s):  
Howard Stein ◽  
E. Wayne Nafziger
Keyword(s):  
Development Strategy ◽  
World Bank ◽  
Structural Adjustment ◽  
Critical Evaluation ◽  
The State ◽  
Sub Saharan Africa ◽  
Role Of Government ◽  
International Agencies ◽  
The World Bank ◽  
The World

The economic crisis of the 1970s in sub-Saharan Africa led to a critical evaluation of the rôle of government policies by international agencies, including two contrasting views of the problem by the Economic Commission for Africa/Organisation of African Unity and the World Bank. The E.C.A./O.A.U. largely placed the blame on the deteriorating external environment, emphasising the reduction of income inequality, poverty, and unemployment through a continuation of the state-led introverted development strategy of the previous decade. The World Bank responded in the opposite direction, mainly blaming the inappropriate state policies of the post-independence period, while encouraging a re-focus on economic growth through a structural reversal of the state-imposed impediments to the efficient operations of markets.

Agrarian Structure and the State in Java and Bangladesh

1988 ◽  
Vol 47 (2) ◽  
pp. 249-267 ◽  
Author(s):  
Gillian Hart
Keyword(s):  
The State ◽  
Population Pressure ◽  
Farm Size ◽  
Population Densities ◽  
The World ◽  
The Face ◽  
Agrarian Structure

On the face of it, rural Java and Bangladesh appear remarkably similar. The similarities are particularly pronounced in lowland Java and southeastern Bangladesh where there are virtually identical population densities and nearly universal modern rice technology. Extraordinary population pressure on the land is accompanied by minute farm size and, despite lower land concentration than in many other parts of the world, both Java and Bangladesh display substantial disparities in control over land and high levels of landlessness or near-landlessness.

scholarly journals Competitive Factors in Ensuring the Sustainability of the Food Industry Economy

2021 ◽  
Vol 58 (1) ◽  
pp. 2018-2023
Author(s):  
Ismailov Omilxon Shukurillaevich
Keyword(s):  
Natural Resources ◽  
World Economy ◽  
Food Industry ◽  
Developed Countries ◽  
The State ◽  
Competitive Advantages ◽  
Economic Competitiveness ◽  
The World

This article discusses the issues of competition in ensuring the sustainability of the food industry in the world economy, the sources and stages of competitive advantages of States. The role of natural resources, investments and other elements in increasing the economic competitiveness of the state, as well as the stages of competitiveness of developed countries are discussed.

scholarly journals Analytical review of ways to ensure the security of budgetary systems in developed countries

2021 ◽  
pp. 65-72
Author(s):  
Vladislav Chebotarev ◽  
Andrey Timchenko
Keyword(s):  
Public Finance ◽  
National Security ◽  
Developed Countries ◽  
Economic Security ◽  
The State ◽  
The World ◽  
Analytical Review ◽  
Budget Systems ◽  
Negative Factors

This article is devoted to an overview of the methods and measures by which the governments of economically developed countries of the world ensure, to one degree or another, the security of their budget systems. At the same time, the authors consider the vulnerable aspects of the functioning of their public finance systems, the reasons for the emergence and the ability of the country’s leaders to eliminate negative factors and threats. This aspect is extremely important for ensuring the economic security of the state, since it provides an increase in the level of both economic and national security of the country.

scholarly journals DOOMED TO DEATH: ABORTIONS AND ABORTION TOURISM

2020 ◽  
pp. 3-9
Author(s):  
Nina Myronets ◽  
Oksana Romaniv ◽  
Oksana Yaromenko
Keyword(s):  
Medical Tourism ◽  
Developed Countries ◽  
The State ◽  
Practical Significance ◽  
Internet Resources ◽  
Literary Sources ◽  
Tourist Flows ◽  
The World ◽  
Administrative Units ◽  
The Right

The purpose of the study is to group the countries of the world according to the availability and legality of abortion and to identify patterns of development of tourist flows of abortion tourism. The research methodology includes a system of methods and techniques: monographic method (used to process materials from literary sources and Internet resources), statistical method (used to assess the prevalence of abortion), cartographic method (used to visualize the legality and availability of abortion around the world), classification method (used to group countries according to the criterion of the level of availability and legality of abortion). Research results. The geography of tourist flows of one of the types of medical tourism (abortion tourism) was analyzed. It arose as a result of the possibility of obtaining medical procedures abroad, prohibited or restricted in their own country. Attention was focused on the factors of legality and accessibility of these medical services in the countries. There are four groups of countries on the availability of abortion: 1) freedom of abortion; 2) abortion for medical and socio-economic reasons; 3) abortion for medical reasons and in other exceptional cases; 4) complete ban. The right to terminate a pregnancy at the woman's request is guaranteed in 71% of developed countries and in 16% of developing countries. Most countries that restrict abortion throughout the territory or in its separate administrative units - this is the state of Africa and South Asia and Latin America. But abortion tourism is the most intensive in Europe. The controversy over abortion has not abated. The two main groups in discussion call themselves "for choice" (with an emphasis on women's right to choose) and "for life" (with an emphasis on the unborn child's right to life). The scientific novelty of the work is that the proposed grouping of countries according to the legality and availability of abortion, outlines the factors of abortion tourism. The main directions of tourist flows of abortion tourism in Europe are determined. The practical significance of the results of the work is that they can be used to shape the tourism policy of Ukraine, as the state is involved in the field of abortion tourism as a recipient of tourist flows. The results of the study also contribute to solving social and demographic problems in the context of depopulation and deteriorating public health. After all, abortions are factors that negatively affect the reproduction of the population and women's health.

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