On the diagnostics of the current state of the Russian economy and its medium-term growth prospects

2019 ◽  
pp. 5-35 ◽  
Author(s):  
V. V. Mironov
Keyword(s):  
Global Economy ◽  
Domestic Demand ◽  
Economic Situation ◽  
Structural Policy ◽  
Medium Term ◽  
Market Conditions ◽  
Russian Economy ◽  
Current State ◽  
Growth Prospects ◽  
Policy Measures

The article assesses the situation in the Russian economy after a two-year recovery and the outlined signs of stagnation associated with both the slowdown of the global economy and the exhaustion of domestic sources of improved market conditions. The approaches to identifying the factors that initiate growth and are different from the factors that support it are considered. In this case, emphasis was placed on the factors of uncertainty of the economic situation and the lack of domestic demand. The approaches to accelerating growth based on macroeconomic and structural policy measures are formulated, forecasts of the Russian economy dynamics for the coming years are analyzed.

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.

scholarly journals The Transformation of Economic Crises: Meaningful Constancy in Changing Forms

2021 ◽  
Vol 14 (2) ◽  
pp. 78-85
Author(s):  
E. V. Sobolev
Keyword(s):  
Comparative Analysis ◽  
Economic Activity ◽  
Economic Situation ◽  
Economic Crises ◽  
Medium Term ◽  
Russian Economy ◽  
The World

The article deals with the comparative analysis of the medium–term cycles the economic activity the scale of the world and Russian economy. The economic situation in 2008–2020 was similarly charactarized by balternating recessions, plateaus and rises in both the Russian and global economies. It is a big question whether well–known crises of 2008, 2014 and 2020 were standard resale crises, and the wobbling of sanctions and the coronavirus pandemic are new secondary factors of market fluctuations.

scholarly journals Resource-based view as a perspective management model in Russian reality

2016 ◽  
Vol 14 (2) ◽  
pp. 325-330 ◽  
Author(s):  
Elena S. Balashova ◽  
Elizaveta A. Gromova
Keyword(s):  
World Economy ◽  
Economic Situation ◽  
Effective Management ◽  
Resource Based View ◽  
Retail Chain ◽  
Russian Economy ◽  
Use Of Resources ◽  
Current State ◽  
Current Economic Situation ◽  
Model Of Management

Time after time, different economies, such as the world economy or a national economy, are exposed to diverse fluctuations of various origins. The reasons for this can be multifold. Thus, in the context of an economic crisis, staying ahead of competition is vital for any company’s survival. In addition, each year, the global competition becomes tougher. The fundamental question of modern management of an enterprise is how to achieve competitive advantage and hold it. Consequently, the effective management of an enterprise, based on a rational use of resources, comes to the fore. The goal of this research is to analyze one of the models of modern resource management – resource-based view and to relate this model of management to the current state of the Russian economy. Theoretical and practical aspects of the model are presented. Development of the resource-based view at the Russian retail chain – X5 Retail Group is separately allocated. It is the unique practical example of using above mentioned concept in Russia. The possibility of implementing the resource-based view is considered in the context of the current economic situation in the country. Summarizing, resource-based view can become a truly breakthrough strategy in the context of the Russian economic situation

scholarly journals Modeling of the structural shift impact on economic dynamics of Ukraine's development

2021 ◽  
pp. 170-177
Author(s):  
A.A Khodzhaian ◽  
A.I Ignatyuk ◽  
V.V Korneev ◽  
A.R Khodzhaian
Keyword(s):  
Economic Development ◽  
General Equilibrium ◽  
Equilibrium Model ◽  
Computable General Equilibrium ◽  
Domestic Economy ◽  
Structural Policy ◽  
Structural Effects ◽  
Medium Term ◽  
Policy Measures ◽  
Structural Shifts

Purpose. To provide quantification of industry-specific structural shifts in the economy of Ukraine in the medium term perspective as a result of the structural policies application. Methodology. The methodological basis of the study is economic and mathematical modelling using the computable general equilibrium model GTAP (Global Trade Analysis Project). Methods of analysis and synthesis were used in systematization and generalization of modelling results. The study on the theoretical basis of the GTAP model was carried out using the system method. Findings. The influence of structural policy instruments of the state on the dynamics of economic development in Ukraine is analyzed using the applied general equilibrium model GTAP. The essence and peculiarities of functioning of computable general equilibrium models, scope of their application in the analysis of structural changes in the economy are revealed. Using the GTAP model, the macroeconomic and sector-structural effects of the implementation of a number of structural policy measures in Ukraine have been quantified, including: exemption from payment of import duties on innovative equipment for processing industry manufacturers; preferential insurance and export crediting through an export credit agency; foreign trade facilitation; exemption of industrial park residents from payment of some direct taxes and fees (VAT, land tax, infrastructure levy). Positive economic effect of the proposed measures in structural and macroeconomic dimensions is argued. The impact of domestic economy restructuring on the dynamics of socio-economic development and general welfare of the population is estimated. Originality. A methodical approach to quantitative assessment of macroeconomic and sectoral-structural effects in the economy of Ukraine in the medium term using the applied model of general equilibrium GTAP is proposed. It is revealed that in the medium term, the aggregate effect of the structural policy measures is 11.4% of GDP growth, both due to intensification of business activity as a whole and due to more efficient use of resources and factors of production in the more productive sectors of the national economy. Among the measures considered, the greatest structural effect is observed as a result of the development of a network of real-life industrial parks in Ukraine. At the same time, structural tariff policy has the lowest potential for economic growth, although it remains an important element in improving manufacturers access to innovative equipment. Practical value. The results obtained can be used as a scientific substantiation of reforms in the industrial and foreign trade policy of Ukraine, aimed at ensuring qualitative structural shifts in the domestic economy.

Modernization of Russian Economy: Radical Improvement of Investment Climate (The Economic Report of All-Russia Public Organization "Delovaya Rossiya")

2010 ◽  
pp. 68-89
Author(s):  
. Delovaya Rossiya (Business Russia)
Keyword(s):  
Innovation Policy ◽  
Raw Materials ◽  
Regional Level ◽  
Public Organization ◽  
Investment Climate ◽  
Economic Report ◽  
Russian Economy ◽  
Current State ◽  
Regional Authorities

The repot considers the current state of the Russian economy, analyzes the drawbacks of the functioning export-raw materials model of its development. The necessity of its changing on the basis of improving the investment climate on the regional level is noted. Corresponding measures on behalf of federal and regional authorities are formulated as well as the directions of innovation policy aimed at modernizing the Russian economy. The conclusion is made that private non-raw materials business should become the main agent of modernization in our country.

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.

The world and Russia: Inflation is minimal, economic growth is slowing, risks are rising

2019 ◽  
pp. 5-23 ◽  
Author(s):  
Mikhail V. Ershov ◽  
Anna S. Tanasova
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
World Economy ◽  
Domestic Demand ◽  
New Combination ◽  
Russian Economy ◽  
The World ◽  
World Economic ◽  
Money Creation ◽  
Main Factors

Russian economy has reached the low level of inflation, but economic growth has not accelerated. Moreover, according to official forecasts, in the following years it will still be low. The article concludes that domestic demand, which is one of the main factors of growth, is significantly constrained by monetary, budgetary and fiscal spheres. The situation in the Russian economy is still hampered by the decline of the world economic growth. The prospects of financial markets are highly uncertain. This increases the possibility of crisis in the world. Leading countries widely use non-traditional measures to support their economies in the similar environment. In the world economy as well as in Russia a principally new combination of factors has emerged, which create specific features of economic growth. It requires special set of measures to stimulate such growth. The article proves that Russian regulators have large unused potential to stimulate growth. It includes monetization, long-money creation, budget and tax stimuli. It is important that the instruments, which will be used, should be based on domestic mechanisms. This will strengthen financial basis of the economy and may encourage economic growth. Some specific suggestions as to their use are made.

Improving the medium-term forecasting methodology: a model of big challenges

2019 ◽  
pp. 62-68
Author(s):  
I.A. Kirichenko ◽  
R.R. Gumerov
Keyword(s):  
Economic Development ◽  
Russian Federation ◽  
Medium Term ◽  
Russian Economy ◽  
Socio Economic Development ◽  
The Russian Federation

The article analyzes some new requirements to the methodology of medium-term forecasting of socio-economic development of the Russian Federation in the framework of the «big challenges» model. The main «big challenges» of the global and Russian economy are identified, the main requirements for the medium-term forecasting of socio-economic development of the Russian Federation in the transition to the model of «big challenges» are considered.

In Lieu of a Conclusion

2018 ◽  
Author(s):  
John Linarelli ◽  
Margot E Salomon ◽  
Muthucumaraswamy Sornarajah
Keyword(s):  
Human Rights ◽  
International Law ◽  
Global Economy ◽  
International Human Rights Law ◽  
Human Rights Law ◽  
Current State ◽  
Neoliberal Capitalism ◽  
Transformative Potential ◽  
International Economic Law ◽  
Human Rights Norms

This chapter recaps the main themes of the volume, ie that the international law of the global economy is in a state of disorder. Claims about the justice, fairness, or benefits of the current state of international law as it relates to the global economy are fanciful. A more credible picture emerges when one considers who is protected, against what, and those relations that are valued and those that are not. Moreover, these claims above all require a suspension of a reflective attitude about what international law actually says and does. When it comes to international economic law, power is masked behind a veil of neutrality when it certainly is not neutral in the interests it protects and offends. As for international human rights law, it overlooks the ways in which it props up extreme capitalism foreclosing the possibility of transformative structural change to neoliberal capitalism. In its most radical areas, human rights norms have been blocked from making demands on the design of the global economy precisely because of their transformative potential. Among the central critiques of international law presented in this book is that international law must be justifiable to those who are subject to it.

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