Analyzing the supranational organization of the Russian economy and emerging economies

2020 ◽  
Vol 16 (5) ◽  
pp. 950-965
Author(s):  
V.V. Smirnov ◽  
A.V. Mulendeeva
Keyword(s):  
Statistical Analysis ◽  
International Cooperation ◽  
Emerging Economies ◽  
Global Economy ◽  
Systems Approach ◽  
World Order ◽  
Russian Economy ◽  
The Stability ◽  
Structure And Functions

Subject. The article discusses the supranational organization of economies and analyzes the potential of the supranational organization of Russia and emerging economies. Objectives. The study explores an optimal format for the supranational organization of the Russian economy and emerging economies in the multipolar world. Methods. Research is based on the systems approach and methods of cluster and statistical analysis. Results. The article unveils the phenomenon of supranational organization as a result of the transformed world order and transition to the multipolar world. The multipolar world engenders entropy, which can be tackled through the supranational organization. We determined priority countries, functional purposes and efficiency of the supranational organization of the Russian economy and priority economies. BRICS seems to be the most appropriate form of supranational organization for the Russian economy and emerging economies, being led by China and Brazil. China should actively invest in the Russian economy. Russia continues to observe functional priorities with respect to China and Brazil and protects the sovereignty of the national structure and functions. Conclusions and Relevance. The multipolar world engenders entropy, which undermines the stability of the global economy. Supranational organization helps overcome entropy. BRICS is the most appropriate vehicle of supranational organization for the Russian economy and emerging economies, being led by China and Brazil. The findings can be used to discover supranational organizations of the Russian economy and spotlight lines of international cooperation.

Analyzing the current effectiveness of the Russian economy's design

2020 ◽  
Vol 8 (8) ◽  
pp. 1476-1496
Author(s):  
V.V. Smirnov
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Growth Rates ◽  
Systems Approach ◽  
Mineral Resources ◽  
Cash Flows ◽  
Moscow Oblast ◽  
Structural Balance ◽  
Russian Economy ◽  
The Stability

Subject. The article discusses Russia’s economy and analyzes its effectiveness. Objectives. The study attempts to determine to what extent Russia’s economy is effective. Methods. The study is based on the systems approach and the statistical analysis. Results. I discovered significant fluctuations of the structural balance due to changing growth rates of the total gross national debt denominated in the national currency, and the stability of growth rates of governmental revenue. Changes in the RUB exchange rate and an additional growth in GDP are the main stabilizers of the structural balance, as they depend on hydrocarbon export. As a result of the analysis of cash flows, I found that the exports slowed down. Financial resources are strongly centralized, since Moscow and the Moscow Oblast are incrementing their share in the export of mineral resources, oil and refining products and import of electrical machines and equipment. Conclusions and Relevance. The fact that the Russian economy has been effectively organized is proved with the centralization of the economic power and the limits through the cross-regional corporation, such as Moscow and the Moscow Oblast, which is resilient to any regional difficulties ensuring the economic growth and sustainable development. The findings would be valuable for the political and economic community to outline and substantiate actions to keep rates of the economic growth and sustainable development of the Russian economy.

To development drivers of the Russian economy

2020 ◽  
Vol 16 (10) ◽  
pp. 1881-1899
Author(s):  
V.V. Smirnov
Keyword(s):  
Global Economy ◽  
Systems Approach ◽  
Consumer Price Index ◽  
Federal Budget ◽  
Active Recovery ◽  
Public Authorities ◽  
Economic Relations ◽  
Russian Economy ◽  
The Usa ◽  
And Cluster Analysis

Subject. The article focuses on the development of Russia's economy. Objectives. The study attempts to discover development drivers of the Russian economy, the substance of economic growth during the contemporary capitalist cycle. Methods. The study is based on the systems approach and methods of statistical and cluster analysis. Results. Evaluating the median and he Fischer test of quarterly growth rates of economic and financial indicators and their clustering with federal budget, I discovered what distinguished the Russian economy from socialist China (the dynamics of growth in GDP and exports); from leading capitalist economies, such as Germany and the USA (a decrease in the unemployment rate). I determine what maintains Russia's activity during the globalization, that is, a growth in Consumer Price Index and the devaluation of the national currency. I discovered dampering signs of the Russian economy during crises and the active recovery of the global economy. Conclusions and Relevance. What will drive the development of the Russian economy mainly depends on its position in the global economy and the dampering role of capitalist cycles, considering the contradictory development of productive forces and economic relations. The findings contribute to the knowledge and new competencies of public authorities to make administrative decisions on methods to advance the Russian economy.

scholarly journals Creating entrepreneurial ecosystems for the reindustrialization of the Russian economy: the crisis impulse of 2020

2020 ◽  
Vol 208 ◽  
pp. 03019
Author(s):  
Konstantin Yurchenko
Keyword(s):  
Statistical Analysis ◽  
Global Economy ◽  
Business Activity ◽  
Medium Term ◽  
Entrepreneurial Ecosystem ◽  
Entrepreneurial Ecosystems ◽  
Russian Economy ◽  
Business Ecosystems ◽  
Long Time ◽  
The Impact

The global economy, which has been successfully developing for a long time under the influence of the globalization trend, experienced a serious external shock in 2020. The sharp halt in growth and the fall in GDP in most countries have led to the need to develop mechanisms for restoring growth, which are based on consumer and business activity. Russia has been hit by a double whammy of the crisis, as in addition to the decline in business activity, the impact of a decrease in demand for export commodities, while at the same time falling prices for them, affects. The article, based on fundamental and empirical works devoted to the study of business ecosystems and behaviors of a resource-dependent economies, the author, using techniques of statistical analysis substantiates opened for countries to undertake in the medium term reindustrialization of the economy, forming with the updated effective entrepreneurial ecosystem.

scholarly journals Requirements for Foreign Economic Relations in the Context of Achieving the Development Goals of the Russian Economy

2021 ◽  
Vol 14 (3) ◽  
pp. 44-62
Author(s):  
A. A. Shirov ◽  
M. S. Gusev
Keyword(s):  
Foreign Trade ◽  
Global Economy ◽  
Key Factors ◽  
Economic Relations ◽  
Russian Economy ◽  
Eurasian Economic Union ◽  
Current Trends ◽  
Current State ◽  
Development Goals ◽  
The Stability

The article analyzes the current state of Russian foreign trade and its impact on the development of the economy. The main changes that occurred in the global economy during the crisis caused by the new coronavirus pandemic are considered. It is concluded that most of the trends that formed in the global economy before the crisis are likely to receive additional acceleration after its end. In this regard, additional restrictions may be imposed on traditional Russian exports. It is stated that foreign trade should become one of the key factors that ensure the stability of the Russian economy in the medium and long term. The requirements for the balance of payments and the exchange rate that ensure the stability of the macroeconomic dynamics and parameters of foreign trade are determined. Given the current trends in the parameters of the world economy and trade, it should be assumed that the structure of Russian exports will not undergo significant changes over the next 15 years. This means that for the next 15 years, the development of the export potential of the fuel and energy sector, the diversification of the geography of energy supplies, remains one of the key tasks of the foreign economic strategy. The key restrictions of the integration processes in the Eurasian Economic Union (EAEU) are evaluated.

Analyzing trade and financial relations in Russia today

2020 ◽  
Vol 26 (8) ◽  
pp. 1703-1730
Author(s):  
V.V. Smirnov
Keyword(s):  
Economic Growth ◽  
Systems Approach ◽  
World Order ◽  
Financial Policy ◽  
Government Bonds ◽  
Export Prices ◽  
Futures Options ◽  
Managerial Decisions ◽  
Global Recession ◽  
Russian Economy

Subject. The article discusses trading and financial relations of today’s Russia. Objectives. The article is to determine requirements for trading and financial relations to progress in Russia today and evaluate how they influence the economic growth. Methods. The study is based on the systems approach and the statistical analysis. Results. Having analyzed trading and financial relations, I found what can give an impetus to the contemporary economy in Russia, i.e. oil prices, related risks. The article demonstrates that government bonds (federal loan bonds) cushion and set off an increase in the foreign exchange rate. The dynamics of the oil price and the issue of federal loan bonds shape the environment where trading and financial relations evolve in Russia today, i.e. export prices for natural resources outgrowing prices for some commodities; a stalling growth in the acquisition of financial assets, debt instruments and a growth in liabilities, equity and shares of mutual funds; a growing pace of long positions of forward, futures, options contracts due to a slow down in short positions; rising pace of official reserve assets. As long as the international trade slows down and the global recession begins, the existing trading and financial relations resulted in a palpable economic growth. Conclusions and Relevance. Opportunities for the development of trade and financial relations in contemporary Russia are conditioned by the changing world order, which determines the dynamics of economic growth. The findings expand the knowledge and create new competencies of governmental authorities when making managerial decisions to ensure the effective design of the Russian economy in terms of the current trading and financial policy.

Priorities of the current structure of the Russian macroeconomics

2020 ◽  
Vol 16 (4) ◽  
pp. 613-630
Author(s):  
V.V. Smirnov ◽  
A.V. Mulendeeva
Keyword(s):  
Neural Network ◽  
Industrial Production ◽  
Direct Investment ◽  
Parametric Analysis ◽  
Global Economy ◽  
Systems Approach ◽  
Russian Market ◽  
Current Structure ◽  
Russian Economy ◽  
Low Efficiency

Subject. The study examines the structure of Russia's macroeconomics and analyzed its metrics. Objectives. The study determines metrics of the current structure of Russia's macroeconomics and marks achievable ones. Methods. The study is based on the systems approach and statistical, cluster, neural network and non-parametric analysis. Results. We assessed whether it is necessary to determine priorities of Russia's macroeconomic structure as it is today when the global economy departs from the total globalization policy to U.S.-style segmented corporate governance. We found what factors inhibit a growth in unemployment, industrial production, services and agriculture. We figured out what is required for more intensified trade, trend in foreign direct investment, and distinctions of the Russian financial system. The article highlights a course towards the liberalization of the Russian marker, while the Corruption Perceptions Index continues to grow steadily. Conclusions and Relevance. The priorities shape ambiguous pictures of the Russian economy in terms of curbing a growth in unemployment, low efficiency of industrial production, servicing sector, agriculture, and sustainable dependence of a growth in labor productivity and the GDP deflator, opportunistic growth in total reserves, liberalization of the Russian market and Corruption Perceptions Index. The findings could be used to formulate and adjust the Russian economic policy at the macroeconomic level.

The economic policy of the Latin American countries during the emergence of the multipolar world

2020 ◽  
Vol 8 (8) ◽  
pp. 1581-1596
Author(s):  
A.M. Chernysheva
Keyword(s):  
Economic Policy ◽  
Foreign Trade ◽  
Latin American ◽  
Global Economy ◽  
Systems Approach ◽  
World Order ◽  
Economic Security ◽  
Economic Policies ◽  
The Usa ◽  
Latin American Countries

Subject. As the global economy currently evolves during the emergence of the multipolar world, emerging countries strive to diversify their foreign trade and gradually escape the strict impact of the leading economies. In the multipolar world countries need their economic policies to ensure the national economic security. Objectives. I examine the foreign trade in some countries of Latin America and economic alliances there. I also evaluate trends in the development of export and import indicators of Brazil, trace the trajectory of their further development by country. Methods. In this study, I analyze documents in public domain, including statistical data on exports and imports of Brazil with reference to the USA, China, Russia, Germany, France, Argentina, Uruguay and Paraguay. The study is based on the systems approach, comparative and statistical methods of data research. Results. Nowadays, in the current economic situation worldwide the multipolar order gains momentum. Foreign trade is being actively diversified by those countries that fall into geopolitical pursuits of leading economies. Conclusions and Relevance. Diversifying the foreign trade and adhering to the multi-faceted economic policy, countries will ensure their economic security notwithstanding the multipolar world order. Currently, the Latin American countries take much effort to diversify their foreign trade, though they are strongly influenced by the USA as an area of their geopolitical ambitions. I should mention a growing importance of China in areas of someone else's geopolitical interest.

Openness of the Russian economy as a source of economic growth

2016 ◽  
pp. 26-42 ◽  
Author(s):  
P. Kadochnikov ◽  
A. Knobel ◽  
S. Sinelnikov-Murylev
Keyword(s):  
Economic Growth ◽  
Economic Integration ◽  
Global Economy ◽  
Regional Economic Integration ◽  
Policy Recommendations ◽  
Regional Economic ◽  
Russian Economy

The paper considers measures on Russia’s integration into the global economy, aimed at the economic growth resumption. It analyzes conditions and mechanisms due to which the expanding trade and mutual investment with other countries contribute to economic growth in Russia. The paper provides policy recommendations for export support, regional economic integration agenda and the institutions reform.

Considerations on national interests in financial flows of global social and economic entities

2020 ◽  
Vol 26 (5) ◽  
pp. 1017-1038
Author(s):  
V.V. Smirnov
Keyword(s):  
Sustainable Development ◽  
Systems Approach ◽  
National Development ◽  
World Order ◽  
Fund Raising ◽  
Skewed Distribution ◽  
Managerial Decision ◽  
National Interests ◽  
Average Growth ◽  
Financial Flows

Subject. The article investigates financial flows. Objectives. The study is to determine directions of financial flows in global social and economic entities. Methods. I rely upon the systems approach and methods of descriptive statistics. Results. The article illustrates the importance of national interests in financial flows of global social and economic entities. I emphasize that finance is a factor determining the importance of national interests. Finance mirrors the national development and opportunities of a social and economic entity to protect its sovereignty. Sustainable development seems to be the ground for solving any issues of national interests as part of financial flows of social and economic entities. This may be feasible through fund raising. I determined directions of financial flows streaming to socialist and capitalist social and economic entities. In Russia capitalist social and economic entities emerge due to a positively-skewed distribution of values around the average growth rate of direct investment in non-financial assets and portfolio investment, and a negatively-skewed distribution, i.e. military spending, inflation, fiscal revenue and general reserves net of gold. The article highlights that Russia and China have similar economic views on poverty and equality. Conclusions and Relevance. As global economic ties transform and controversies concerning the world order escalate, capitalist economies disregard the specifics of the social and economic paradigm and national interests of other countries. Such controversies can be eliminated if multiple economic interests are simplified. Sustainable development and respective goals seem to offer a solution to national interests as part of financial flows of social and economic entities. The findings unveil opportunities for exercising national interests in global social and economic entities by regulating a source of financial flows, generating new competencies for managerial decision-making on sustainable development goals.

Patents and Development in the New Global Economy

2017 ◽  
Author(s):  
Kenneth C. Shadlen
Keyword(s):  
Political Economy ◽  
Case Studies ◽  
Global Economy ◽  
International Political Economy ◽  
World Order ◽  
Global Politics ◽  
Pharmaceutical Patents ◽  
Key Points ◽  
Comparative Case Studies ◽  
Privately Owned

The concluding chapter reviews the main findings from the comparative case studies, synthesizes the main lessons, considers extensions of the book’s explanatory framework, and looks at emerging challenges that countries face in adjusting their development strategies to the new global economy marked by the private ownership of knowledge. Review of the key points of comparison from the case studies underscores the importance of social structure and coalitions for analyses of comparative and international political economy. Looking forward, this chapter supplements the book’s analysis of the political economy of pharmaceutical patents with discussion of additional ways that countries respond to the monumental changes that global politics of intellectual property have undergone since the 1980s. The broader focus underscores fundamental economic and political challenges that countries face in adjusting to the new world order of privately owned knowledge, and points to asymmetries in global politics that reinforce these challenges.

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