Economic Development in 2006 and the Future of the Russian Economy: The Non-Resource-Based Sector Potential (The Economic Report of All-Russia Business Union “Delovaya Rossiya”)

2007 ◽  
pp. 27-45
Author(s):  
B. Titov ◽  
I. Pilipenko ◽  
A. Danilov-Danilyan
Keyword(s):  
Economic Development ◽  
Free Market ◽  
Economic Report ◽  
Russian Economy ◽  
The Social ◽  
National Economic ◽  
Investment Capital ◽  
Export Industries ◽  
Sustainable Economic Growth

The report considers how the state economic policy contributes to the national economic development in the midterm perspective. It analyzes main current economic problems of the Russian economy, i.e. low effectiveness of the social system, high dependence on export industries and natural resources, high monopolization and underdeveloped free market, as well as barriers that hinder non-recourse-based business development including high tax burden, skilled labor deficit and lack of investment capital. We propose a social-oriented market economy as the Russian economic model to achieve a sustainable economic growth in the long-term perspective. This model is based on people’s prosperity and therefore expanding domestic demand that stimulates the growth of domestic non-resource-based sector which in turn can accelerate annual GDP growth rates to 10-12%. To realize this model "Delovaya Rossiya" proposes a program that consists of a number of directions and key groups of measures covering priority national projects, tax, fiscal, monetary, innovative-industrial, trade and social policies.

DEMOCRACY, ECONOMIC COMPLEXITY AND SOCIO-ECONOMIC DEVELOPMENT: PROBLEMS OF INTERCONNECTION AND WAYS OF THEIR INCREASE IN UKRAINE

2018 ◽  
Author(s):  
Anna Smahliuk ◽  
◽  
Tetiana Pokotylo ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Democratic Institutions ◽  
Economic Complexity ◽  
Multiplier Effect ◽  
Socio Economic Development ◽  
National Production ◽  
Level Of Knowledge ◽  
Sustainable Economic Growth

The article explores the factors that allow the economies of the countries of the world to achieve sustainable economic growth at different stages of the country's economic development, depending on the level of GDP per capita. Among which are highlighted: basic factors, efficiency factors and innovative factors. For the Ukrainian economy, which is at the stage of focusing on efficiency, the issues of the place, significance and level of economic complexity of the Ukrainian economy and ensuring sustainable economic growth on this basis are considered. Economic diversification and complexity are defined as key drivers of long-term growth. The dynamics of the index of economic complexity in Ukraine is analyzed, modern trends are revealed. Directions and strategic approaches to the diversification of national production are proposed, which could have a significant multiplier effect, increase the complexity and level of knowledge in the economy. It also provides evidence on the relationship between socio-economic development, values of self-expression and democratic institutions. The conclusion is formulated: socio- economic development leads to the spread of the values of self-expression, and they, in turn, to the establishment and strengthening of democratic institutions.

scholarly journals Countryís Competitiveness and Sustainability in the Context of the Higher Education System Reforms

2013 ◽  
Vol 15 (1) ◽  
pp. 73-83 ◽  
Author(s):  
Elita Jermolajeva ◽  
Ludmila Aleksejeva
Keyword(s):  
Higher Education ◽  
Economic Development ◽  
Education Reform ◽  
Education System ◽  
Global Economy ◽  
Middle Term ◽  
Higher Education System ◽  
National Economic ◽  
Quantitative Indicators

Abstract The accumulation of knowledge and its use have become important factors that promote economic development as they contribute to a countryís competitiveness in the global economy. The basic significance of research is obtained by defining new approaches in the organisation, function and efficiency of the higher education system (HES) by emphasising its qualitative aspects. The aim of the article is to describe the influence of education reform on economic competitiveness, paying a special attention to analysing and evaluating international experiences from an interdisciplinary perspective, including economics, pedagogy, etc. Quantitative indicators are used to characterise specific features of the HES and the interaction of this system in the overall context of state development. Some aspects of the Latvian HES are also analysed. The economic activity of inhabitants often directly depends on their level of education. In order to reorganise the Latvian HES and increase its competitiveness and efficiency, thus ensuring quality and availability, the Latvian education system must define a middle-term (4ñ5 years) and long-term (10ñ15 years) development plan that is coordinated with national economic development.

scholarly journals Fiskalni multiplikatori i tranzicijske zemlje

2017 ◽  
Vol 7 (2) ◽  
pp. 83
Author(s):  
Željko Marić
Keyword(s):  
Economic Development ◽  
Bosnia And Herzegovina ◽  
Free Market ◽  
Public Spending ◽  
The State ◽  
Fiscal Multipliers ◽  
The Public ◽  
Main Driver ◽  
Keynesian Economic

Bosnia and Herzegovina is in a state of long-term recession. Under these conditions, the State would have to apply the Keynesian economic policy instead of the neoclassical free market policy. This means that the State should take on the role of the main driver of economic development by increasing public spending and the fiscal consolidation. In doing so, it is very important to understand and evaluate the fiscal multipliers, as the successful application of the Keynesian policy depends exclusively on them. The aim of this paper is, after conducting an analysis of determinants and limitations of the fiscal multipliers within the conditions present in transition countries, to provide guidance on how to conduct the public spending policy, together with the monetary policy and structural reforms which would reduce the possible limitations regarding the effect of fiscal multipliers, thus increasing their impact on economic development. The analysis will be conducted on the example of Bosnia and Herzegovina.

scholarly journals Research on strategic emerging industries boosting high quality economic

2021 ◽  
Vol 235 ◽  
pp. 02011
Author(s):  
He Jiang ◽  
Yonghui Cao
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Industrial Structure ◽  
Decisive Role ◽  
High Quality ◽  
Emerging Industries ◽  
National Economic ◽  
Countermeasures And Suggestions ◽  
Sustainable Economic Growth

With the development of knowledge economy and the advancement of economic globalization, strategic emerging industries have become the leading industries for a country or region to achieve sustainable economic growth in the future. They are the high integration of emerging technologies and emerging industries, and the driving force of national economic growth. They play an important guiding and decisive role in the national economic growth and the transformation and upgrading of industrial structure. In recent years, China’s strategic emerging industries continue to grow rapidly, and have made remarkable achievements in innovation and development, which play an important role in the national economic growth and the transformation and upgrading of industrial structure, but there are also shortcomings. Based on the current situation of the development of strategic emerging industries, this paper analyzes the role of strategic emerging industries in economic development, and puts forward countermeasures and suggestions for strategic emerging industries to boost high-quality economic development.

General Assembly

1955 ◽  
Vol 9 (3) ◽  
pp. 376-378
Keyword(s):  
Economic Development ◽  
United Nations ◽  
Developed Countries ◽  
General Assembly ◽  
Limited Capacity ◽  
Underdeveloped Countries ◽  
Investment Capital ◽  
Development Plans ◽  
Recovery Program

Special United Nations Fund for Economic Development: Pursuant to a resolution approved at the ninth session of the General Assembly, Mr. Raymond Scheyven submitted for consideration at the tenth session of the Assembly a further report on the proposed Special United Nations Fund for Economic Development (SUNFED). The report, prepared by Mr. Scheyven in cooperation with a panel of experts appointed by the Secretary-General, dealt with the form or forms, functions and responsibilities which SUNFED might have, and especially with the methods by which its operations might be integrated with the development plans of the countries receiving assistance from it. Mr. Scheyven felt that SUNFED should not confine itself to financing or assisting in the financing of nonself-liquidating projects exclusively; he felt that SUNFED should be able to contribute to any project which was related to economic development but which for some reason, such as balance of payments difficulties, was unable to attract investment capital. He likened the proposed fund to the European Recovery Program, although he pointed out that the analogy was not complete. On the question of the financing of the fund and the size of its initial resources, Mr. Scheyven emphasized the necessity of long-term commitments and felt that the $250 million initial capitalization which had been put forward as the minimum amount on which SUNFED could begin operation should not be considered an absolute; he felt that the limited capacity of underdeveloped countries to absorb capital and the inevitable slowness with which the operation of SUNFED would begin would make it practicable to begin with a smaller amount. He therefore suggested that the General Assembly bear these considerations in mind in reaching decisions and suggested that the fund might be established provisionally for a five year period during which its operations could be assessed. Mr. Scheyven and the experts with whom he consulted felt that SUNFED should be empowered to provide under-developed countries with grants or with loans repayable in local currency but should not be empowered to grant low-interest loans on indeterminate and extremely liberal terms; a combination of grants from SUNFED and loans from such an agency as the International Bank for Reconstruction and Development was suggested as a possible procedure.

scholarly journals PUBLIC-PRIVATE PARTNERSHIP AS INSTRUMENT OF IMPLEMENTATION OF INFRASTRUCTURE PROJECTS (ON THE EXAMPLE OF THE ASTRAKHAN REGION)

2018 ◽  
pp. 62-69
Author(s):  
Vladimir Yuryevich Ivanov
Keyword(s):  
Economic Development ◽  
Capital Intensity ◽  
Public Private Partnership ◽  
Infrastructure Projects ◽  
Private Partnership ◽  
Social Sphere ◽  
Russian Economy ◽  
Social And Economic Development ◽  
The Russian Federation

The ability of regions to the competition in the international market to use of modern approaches to social and economic development, defines a vector of intensive advance of the Russian economy. Existence of worthy infrastructure and its full functioning become a guarantee of successful development of economy and social sphere of the country and particular regions. Therefore, for its updating and full functioning implementation of infrastructure projects is necessary. The specificity of implementation of infrastructure projects has been designated: excessive capital intensity, long payback periods, increased complexity and large scales (including territorial scales). Conditions of limited budgetary financing of infrastructure predetermine the need of attracting private investments. So, the mechanism of public-private partnership in the concept of long-term social and economic development of the Russian Federation up to 2020 is designated as one of priority tools, which emphasizes the importance of a problem. The potential of expansion of opportunities for implementation of infrastructure projects at the expense of mechanisms of public-private partnership has been studied. Special attention is paid to the practice of implementing infrastructure projects in the territory of the Astrakhan region. There have been presented practices of such projects, mainly in the form of concessions, strategic priorities of development of public-private partnership on the territory of the Astrakhan region for implementation of infrastructure projects. The Astrakhan shipbuilding production association is taken as an example of successful realization of public-private partnership mechanism. The leading shipbuilding and ship repairing plants of the region make its basis. There has been given the rating of the Russian regions in terms of the development of public-private partnership during 2017. Since 2015 there has been stated positive dynamics of development parameters of public-private partnership in the region. As of 2017, in the region there are realized eighteen projects, among which one project is of a regional level, and seventeen projects are the municipal events.

scholarly journals Optimization of the Activities of Institutions Promoting Investment in the sustainable Economic Growth of Russia

2021 ◽  
Vol 25 (4) ◽  
pp. 110-120
Author(s):  
E. A. Zvonova ◽  
V. Ya. Pishchik ◽  
P. V. Alekseevc
Keyword(s):  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
The State ◽  
Russian Economy ◽  
Socio Economic Development ◽  
Development Institutions ◽  
Investment Process

The article examines and assesses the problem of the investment deficit in the Russian economy, which has acquired particular relevance due to the coronavirus crisis caused by the pandemic. The study aims to develop practical recommendations for Russian state bodies to stimulate the investment process in the Russian economy and improve the efficiency of measures taken by the state to ensure the country’s socio-economic development. The objectives of this paper are to analyze the directions of optimization and prioritization of investment of resources during the economic recession caused by the coronavirus crisis using investment lending and project financing instruments, as well as to analyze and assess the ongoing reform of development institutions based on the state corporation “VEB.RF”. The research methodology includes an analysis of the regulatory legal framework, statistical information, official reports of state bodies, development institutions, scientific monographs and publications of Russian scientists, periodicals. The authors analyzed the trends and problems of the investment process in the Russian economy, including in the field of attracting foreign direct investment. Attention is paid to the ongoing reform of development institutions aimed at enhancing the role of the state development corporation “VEB.RF” in stimulating investment. The authors conclude that it is necessary to take a set of functional, instrumental, and institutional measures aimed at stimulating investment and ensuring sustainable socio-economic development of Russia. In particular, in the context of a shortage of domestic sources of financing for long-term investments, it is important to provide regulatory macroeconomic support for the inflow of foreign direct investment into the Russian economy. In this regard, the authors propose to change the monetary policy strategy to increase the stimulating role of refinancing of credit institutions and the projected exchange rate in attracting domestic and foreign long-term investments and ensuring sustainable development of the Russian economy. The authors also propose to increase the role of foreign exchange regulation and foreign exchange control in stimulating investment and ensuring sustainable socio-economic development of Russia.

scholarly journals The Influence of Multi - Cultural Higher Education on Economic Development

TEM Journal ◽  
2021 ◽  
pp. 259-265
Author(s):  
Hüseyin Baykan
Keyword(s):  
Economic Development ◽  
Structured Interview ◽  
Economic Conditions ◽  
Negative Effects ◽  
Economic Organizations ◽  
Foreign Countries ◽  
The Social ◽  
The Third World ◽  
Cultural Structure

The aim of this study is to specify the contribution of universities and university students to social and cultural structure and economic development of the country. Representatives of public organizations, tradesmen and economic organizations were given semi-structured interview. The data were analyzed through “content analysis”. The findings indicate that, students from foreign countries do not spoil the cultural structure of the country. However, due to the economic conditions in their countries, students from the third world countries are willing to stay on the island. If employed, their employment might have negative effects on the social and cultural structure of the island in long-term. Another finding revealed that the universities do not receive sufficient contributions from the state and the scholarships awarded are insufficient.

Economic Development Through Regional Approach

2017 ◽  
pp. 31-58 ◽  
Author(s):  
Neeta Baporikar
Keyword(s):  
Economic Development ◽  
Regional Growth ◽  
Regional Approach ◽  
Positive Effects ◽  
Economic Development Policy ◽  
The Social ◽  
Payoff Structure ◽  
The Creation

Entrepreneurship has potentially short, medium, and long-term consequences for regions, including the creation of employment and wealth. Efficient firms grow and survive while inefficient firms decline and fall. Regions have gained a position at the forefront of the economic development policy agenda. However, the regional approach to economic strategy remains contested. The ability of regions to gain from the positive effects of entrepreneurship will depend on their institutional arrangements, the social payoff structure, and their ability to turn knowledge into regional growth through the creation and dissemination of knowledge. Through in-depth observation, examining policies, and content analysis of relevant documents, this chapter through case study of Pune Auto Component Small- and Medium-sized Enterprises (SMEs) from India attempts to explore and understand the extent economic development occurs when regional approach is adopted.

The Political Economy of Devolution

2017 ◽  
Author(s):  
Michael Keating
Keyword(s):  
Social Inclusion ◽  
Institutional Capacity ◽  
The Political ◽  
Investment Strategies ◽  
Social Investment ◽  
The Social ◽  
Social Partners ◽  
Key Factor ◽  
Investment Capital

Small, devolved nations and regions lack major macro-economic powers. Yet in the context of spatial rescaling they have become important levels for managing economic growth and social cohesion. They may be exposed to a ‘race to the bottom’ by the need to attract investment capital. Yet, by adopting social investment strategies they can rec.oncling growth with social inclusion. The key factor is the institutional capacity to plan for the long term, to set priorities and to sustain cooperation among the social partners.

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