Between Modernization and Stagnation: Economic Policy in 2012

2013 ◽  
pp. 4-23 ◽  
Author(s):  
V. Mau
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Russian Economic Development ◽  
Structural Transformation ◽  
Economic Performance ◽  
Historical Analysis ◽  
Oil Boom ◽  
The World

The paper deals with the trends in the world and Russian economies towards development of a new post-crisis system, including technological and structural transformation. Three main scenarios of Russian economic development (conservative, innovation and acceleration) are discussed basing on historical analysis of Russian economic performance since 1970-s when oil boom started. On this basis key challenges of economic policy in 2013 are discussed.

Waiting for a New Model of Growth: Russia’s Social and Economic Development in 2013

2014 ◽  
pp. 4-32 ◽  
Author(s):  
V. Mau
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Economic Performance ◽  
Growth Rates ◽  
Global Crisis ◽  
New Model ◽  
Social And Economic Development ◽  
Economic Risks

The paper deals with Russian social and economic development in 2013 and prospects for the next year or two. The author discusses the logic and trends of the global crisis started in 2008. This is the basis for further analysis of current Russian economic performance with special emphasis on the problem of growth rates deceleration. Special attention is paid to economic risks and priorities of economic policy.

scholarly journals Economic Cooperation Between Russia and Mongolia (to the 100th Anniversary of the Establishment of Diplomatic Relations Between Russia and Mongolia)

2021 ◽  
Vol 31 (2) ◽  
pp. 179-185
Author(s):  
Viktor Samarukha
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Historical Analysis ◽  
100Th Anniversary ◽  
The Sustainable Development ◽  
Role Of The State ◽  
Economic Transformations ◽  
The World ◽  
Socio Economic Development ◽  
Modern Economic

In modern conditions, threats and risks are constantly emerging for the sustainable socio-economic development of various regions of the world, including Russia. In this regard, one of the most important is the problem of sustainable dynamic development of the country and its closest partner-countries, one of which is Mongolia. The article presents a historical analysis of international relations between Russia and Mongolia. The main points of the development of the economy of the RSFSR, the USSR and Mongolia after the signing of the coopera­tion agreement in 1921 are described. The analysis of the changed geopolitical conditions of the socio-economic development of Russia and Mongolia in connection with the collapse of the world socialist system and the unfolding modern economic crisis is carried out. The conducted research made it possible to conclude that it is necessary to develop a scientifically based medium-and long-term strategy for the socio-economic development of the country in the new geopoliti­cal realities. Recommendations on strengthening the role of the state in regulating the real sector of the economy and investment processes are offered. The study shows that the main directions of state policy in the field of sustainable development and national security, including food security, should be social, political and economic transformations for the sustainable development of the regions.

scholarly journals The mechanism of synergetic interaction of policy instruments of central banks with the governments of their countries as an element of increasing the level of economic development in the face of an epidemic threat

2020 ◽  
Vol 8 (5) ◽  
pp. 13-21
Author(s):  
Leonid Taraniuk ◽  
Oksana Zamora ◽  
Oleksii Demikhov
Keyword(s):  
Developing Countries ◽  
Economic Policy ◽  
Economic Development ◽  
Comparative Analysis ◽  
Central Bank ◽  
Policy Instruments ◽  
The State ◽  
Effective Management ◽  
The World ◽  
Level Of Economic Development

Goal. The purpose of the research is to conduct a comparative study of the work of the Central Bank of the world with their governments in the context of forming a mechanism for synergistic interaction of its economic policy instruments to improve the level of economic development. Topicality. The actualization of this study is the need to establish effective formal and informal links between the central bank as a system-forming financial institution that shapes the monetary policy of the state and the government as a governing body that creates a virgin economic policy. There is a need for a systematic comparative analysis of the experience of developed and developing countries in order to form an effective tool for economic policy of the central bank with its government and make effective management decisions aimed at improving the level of economic development. Results. The system of relations between the central bank of developed and developing countries and their governments is described. Factors of positive and negative influence on the formation of economic policy tools of the central bank of the countries and their governments are revealed. Formal and informal links have been analyzed between the world country’s central bank and its government in the process of implementing the central bank’s economic policy. The mechanism of synergetic interaction of the tools of economic policy of the central bank of the countries with their governments is improved, which contains indicative indicators of the interactions of the central bank, ministries, government of the countries for the purpose of making effective management decisions. The necessity of systematic work of all stakeholders (central bank, government, other stakeholders) in the process of forming economic policy, the implementation of which can affect the level of economic development of the state, is substantiated. Conclusions. The comparative analysis with elements of benchmarking estimation is carried out The mechanism of relations of the central bank of the country with its government is improved. The role of this interaction of the country's central bank with its government and other stakeholders was assessed.

scholarly journals African Economic Development

2020 ◽  
Author(s):  
Christopher Cramer ◽  
John Sender ◽  
Arkebe Oqubay
Keyword(s):  
Economic Development ◽  
Economic Performance ◽  
School Dropout ◽  
Linear Process ◽  
Close Attention ◽  
African Countries ◽  
Starting Point ◽  
Wide Range ◽  
The World ◽  
Research And Policy

This book challenges conventional wisdoms both about economic performance and about policies for economic development in African countries. Its starting point is the striking variation in economic performance: unevenness and inequalities form a central fact. The authors highlight not only differences between African countries but also variations within countries, differences often organized around distinctions of gender, class, and ethnic identity. For example, school dropout and neonatal mortality have been reduced, particularly for some classes of women in some areas. Horticultural and agribusiness exports have grown far more rapidly in some countries than others. These variations (and many others) point to opportunities for changing performance, reducing inequalities, learning from other African policy experiences, and escaping the ties of structure and legacies of a colonial past. The book rejects teleological illusions and Eurocentric prejudice, but does pay close attention to the results of policy in more industrialized parts of the world. Seeing the contradictions of capitalism for what they are—fundamental and enduring—may help policy officials protect themselves against the misleading idea that development is likely to be a smooth, linear process, or that it would be were certain impediments removed. The authors criticize a wide range of orthodox and heterodox economists, especially for their cavalier attitude to statistical sources. Drawing on decades of research and policy experience, they combine careful use of available evidence from a range of African countries with heterodox political economy insights (mainly derived from Kalecki, Kaldor, and Hirschman) to make the policy case for specific types of public sector investment.

The Kyrgyz Republic

2019 ◽  
pp. 155-180
Author(s):  
Richard Pomfret
Keyword(s):  
Economic Performance ◽  
Kyrgyz Republic ◽  
Oil Boom ◽  
Russian Economy ◽  
Eurasian Economic Union ◽  
Central Asian ◽  
The World ◽  
Transition Strategies ◽  
Rapid Transition ◽  
Central Asian Countries

This chapter looks at the national economy and transition strategies of the Kyrgyz Republic. The Kyrgyz Republic was the most explicit of the Central Asian countries in attempting a rapid transition from central planning. Economic performance was, however, disappointing due to limited resources and poor institutions. The country became highly dependent on revenues from a single goldmine, Kumtor, while other mineral and hydro resources remain poorly developed. The biggest symptom of economic distress was the rise in number of Kyrgyz migrating to Russia for work; by the end of the oil boom, the numbers were commonly thought to be around a million people and in 2014, the Kyrgyz Republic's remittances to GDP ratio was the third highest in the world. This left the country susceptible to Russian pressure to join the Eurasian Economic Union, which it did in 2015, and vulnerable to downturns in the Russian economy.

Challenges of Russian economic development and government economic policy

2016 ◽  
pp. 36-44
Author(s):  
A. Ulyukaev
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Russian Economic Development ◽  
Transaction Costs ◽  
State Support ◽  
Investment Activity ◽  
Russian Economy ◽  
The Government

The article analyzes the problems faced by the Russian economy, and response by the government economic policy. The author considers measures to address four key tasks that will maximize long-term economic growth: the reduction of direct and transaction costs, creation of conditions for the transformation of savings into investments, fostering investment activity through the mechanisms of state support, as well as the removal of demand constraints.

scholarly journals GDP Structure and Economic Performance in Sub-Saharan Countries

2014 ◽  
Vol 62 (4) ◽  
pp. 729-747
Author(s):  
Luboš Smutka ◽  
Karel Tomšík
Keyword(s):  
Economic Development ◽  
Civil Wars ◽  
Economic Performance ◽  
Point Of View ◽  
Living Standards ◽  
African Countries ◽  
Services Sector ◽  
The World ◽  
Sub Saharan ◽  
High Level

Africa belongs to important regions of the world economy with specific problems distinguishing this part of the world from other regions. The region is suffering because of limited economy structure and high level of poverty. Low economic performance ranks most of African countries among the worldwide poorest ones (both from the point of view of total economy performance and also individuals living standards); the development is hindered by political instability and also by other accompanied problems as high level of corruption, deficit of democracy, low level of education, limited investments, criminality, local conflicts, civil wars etc. On the other hand, African natural, economy and social resources and unexploited opportunities in many areas offer a potential for a considerable economic development. Understanding the current economic position of African states thus may reveal causes of problematic development and outline ways to overcome existing shortcomings. The aim of the paper is to analyze main changes in area of GDP structure formation (agricultural, industrial and services sector share in GDP and value performance) which have occurred in selected African (Sub-Saharan) countries. Changes are analyzed both in relation to the total GDP and GDP per capita. The authors identify main trends of economic development in the Sub-Saharan region and to specify differences among Sub-Saharan countries with the intention to identify particular groups of African countries according to their economic structure and to identify differences in their GDP formation.

scholarly journals Global Trends of Modern World Economic Development

2017 ◽  
Author(s):  
Kaisyn Khubiev ◽  
Turusbek Asanov ◽  
Marat Kudaikulov
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Global Economy ◽  
Modern World ◽  
Global Trends ◽  
Technological Unemployment ◽  
The World ◽  
World Economic ◽  
First Time

The article considers factors and tendencies of world economic development, defining a new level of aggravation of struggle for resources and markets. They include: global socialization; concentration and centralization of capital; the struggle for a new economic and trade division of the world; countercyclicality and debt nature of the modern global economy. Is considered a new competitive space combat technological unemployment caused by modern technological revolutions. There is a big trend of the formation of a unipolar economic and trade space-based mega-projects and related threats. For the first time explores the manifestation of the "phenomenon of Trump" in economic policy.

scholarly journals Trajectory of Steady Growth or Next Disbalance of Mechanisms of the World Economy

2019 ◽  
Vol 12 (5) ◽  
pp. 64-90
Author(s):  
E. N. Smirnov ◽  
V. N. Kirillov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Interest Rates ◽  
World Economy ◽  
Practical Importance ◽  
Modern World ◽  
Economic Dynamics ◽  
Social And Economic Development ◽  
The World

Main objective of the article – assessment of problems and opportunities of speeding up of world economic growth in the context of the crisis phenomena and turbulence in economy. Complication and reformatting of the economic relations between the countries represents serious challenges for modern economic dynamics. Methodological approach of the authors is based on assessment of the defining influence of new factors on delay of economic activity and economic development. The thesis about the defining impact of international trade on economic growth is called into question. It was analyzed the value and a role of the international companies as growth catalysts in the conditions of new technological revolution. It is established that risks of development of the world economy continue to increase, and the main of them – in decline in labor productivity in the developed countries, uncertainty concerning interest rates and economic policy of the states, the universal growth of sovereign and corporate debt of the states. It is shown that China has the increasing problems with the growth; however the flexibility of its economic policy allows to connect additional mechanisms of speeding up of social and economic development. In the European Union economic growth depends on the solution of problems of consolidation of the budgetary process, decrease in a debt, and in general – on reforming of the existing model of social and economic development. Prospects of economic dynamics will depend in many respects on stability of trade relations between the countries, and on the effective international cooperation directed to overcoming imbalances of the modern world economy. Opportunities and problems of an exit of developing countries to a trajectory of sustained economic growth in the conditions of digitalization and digital transformations in the world economy are estimated. Aggravation of a problem of inequality in the conditions of digitalization of the world economy is possible to overcome, however a number of measures in the sphere of industrial, innovative and regulatory policy is necessary. Also at the international level serious reforms in the sphere of financial regulation and taxation are necessary. The conclusions received as a result of the research have important practical importance as overcoming the problems stated above and also trade political differences between the countries will make economic growth steady and inclusive.

scholarly journals DIVERSIFICATION OF LOCAL STRUCTURAL ECONOMIC POLICY OF CITIES: CONCEPTUAL ASPECT

2021 ◽  
Author(s):  
Maryana Melnyk ◽  
Iryna Leshchukh
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Community Development ◽  
Structural Transformation ◽  
Social Impact ◽  
Urban Economy ◽  
Business Environment ◽  
Development Strategies ◽  
Local Economy ◽  
Global Challenges

Modern global challenges and threats actualize the search for ways to diversify urban development in order to increase their competitiveness and resilience to global challenges. The article proposes a conceptual approach to the diversification of local economic policy of cities (on the example of cities in the Western region of Ukraine), taking into account the loads of transformations in the structure of their economy. This approach includes the following areas: development of economic sectors with growing economic and social impact, strategic competitiveness; support for the innovative vector of development; infrastructure development and formation of a favorable business environment; digitalization of economic activity. The key principle of the policy of structural transformation of the urban economy should be to ensure sustainable community development (ie achieving economic, environmental and social balance). Other important principles are: efficiency, effectiveness and strategic orientation; social cohesion; stability (manifested in the ability of the local economy to minimize the negative effects of exogenous factors and adapt to new conditions or change the vector of its sustainable development); partnership between different stakeholders (in particular, within the framework of inter-municipal / inter-regional cooperation on the implementation of major infrastructure, social, cultural, innovative, etc. projects); innovation and efficiency. The results of the structural transformation of the urban economy must satisfy the economic, environmental and social aspects of community life. Effective implementation of local structural economic policy is possible only if: first, increasing the role of cities in their socio-economic development for effective structural change (local authorities should be the main strategists in choosing local structural policy, they should have a decisive say in choosing specific economic development programs), and secondly - compliance with the principle of coherence and synchronization of all levels of government (ie building state development priorities, preparation of regional development strategies taking into account state priorities, development of community development strategies that take into account both national priorities and strategic directions of regions/cities).

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