scholarly journals Crisis Phenomena in the Russian Economy and Ways Out of Them

2020 ◽  
Vol 6 (6) ◽  
pp. 199-204
Author(s):  
L. Marchenkova ◽  
E. Samorodova
Keyword(s):  
Economic Crisis ◽  
Soviet Period ◽  
Stock Exchanges ◽  
Internal Factors ◽  
Stock Market Crash ◽  
Russian Economy ◽  
The World ◽  
Local Impact ◽  
Trading Volumes ◽  
The Government

Currently, we can observe a deterioration in the economic situation and a decline in living standards. Understanding the reasons for this situation is not easy enough and is only possible if you have some knowledge of Economics and related terminology. The Russian economy is characterized by uneven development and if we look at the post-Soviet period, we can distinguish the following crisis phenomena: the crisis of 1998, the global crisis of 2008–2009, the crisis that began at the end of 2014 and is currently coming to the economic crisis of the Russian economy and the economies of countries around the world. At the beginning, the pandemic had a local impact on China's stock exchanges, where trading volumes began to decline from January 21, 2020, but since January 27, amid an increase in the number of cases, the fall affected the FTSE 100 and European exchanges. Further developments led to a global stock market crash that began on February 20, 2020. The pandemic itself led to the closure of enterprises in all countries of the world, including in the Russian economy, a sharp increase in demand for everyday products, and speculation in the market for certain products: antiviral drugs, sanitary masks, and disinfectants. The pandemic has affected all sectors of the economy, including education. So, this led to the mass closure of schools and universities. Speaking about crises in General, it can be noted that each of the crises differs in its external and internal factors, the adaptation mechanisms by which the economy adapted to the crisis and used to get out of it, as well as the economic policy pursued by the government. Thus, we will consider the concept of an economic crisis, the prerequisites for its occurrence, and solutions to this problem. In our opinion, the development of theoretical provisions and recommendations on ways out of crises can help the management to develop a number of measures for the stable and sustainable development of the Russian economy.

2008 Economy Results: The End of the "Fat" Years

2009 ◽  
pp. 4-25 ◽  
Author(s):  
B. Zamaraev ◽  
A. Kiyutsevskaya ◽  
A. Nazarova ◽  
E. Sukhanov
Keyword(s):  
Economic Crisis ◽  
National Economy ◽  
Banking System ◽  
Housing Markets ◽  
Transmission Mechanism ◽  
Economic Conditions ◽  
Basic Change ◽  
Russian Economy ◽  
The World

The article analyzes the current economic conditions in Russia. Succession, distribution and the transmission mechanism of the world financial and economic crisis to the Russian economy are considered in this article as well as the changes in the banking system, share and housing markets. Production, consumption and investment on the boundary of 2008-2009 are described. The conclusion about the basic change of conditions of national economy development is presented.

Coronavirus economic crisis in the world economy: features and consequences

2020 ◽  
pp. 7-21
Author(s):  
R. Khasbulatov ◽  
A. Byasharova
Keyword(s):  
Economic Crisis ◽  
World Economy ◽  
The World ◽  
The Government

The article reveals the features of a qualitatively new global coronavirus-economic crisis as well as its dangerous consequences for all countries with no exceptions. Not one single country stays aloof from this crisis. The reaction of the government, their mitigation activities is also discussed in the article.

scholarly journals Dynamic statistical assessment of the competitiveness of an energy generating company (as exemplified by Rosenergoatom Concern JSC)

2021 ◽  
Vol 7 (4) ◽  
pp. 327-332
Author(s):  
Tatiana A. Burtseva ◽  
Sergey S. Khvorostyannikov ◽  
Anastasia A. Kuznetsova
Keyword(s):  
Energy Efficiency ◽  
National Economy ◽  
Nuclear Energy ◽  
Nuclear Industry ◽  
Total Energy Consumption ◽  
Russian Economy ◽  
The World ◽  
Two Factors ◽  
The Government ◽  
High Level

The depletion of traditional organic energy sources and aggravated environmental problems are the reasons why the level of energy efficiency is an important factor in the competitiveness of the national economy. Russia ranks third in the world in terms of total energy consumption and its economy is distinguished by a high level of energy intensity (amount of energy per unit of GDP). In 2019, this figure was 9.62 tons of oil equivalent (toe) per 1 million rubles, which is 40% higher than the world average. The low energy efficiency of the Russian economy is a widely recognized problem. A special decree of the Government of Russia in 2018 sets the task of increasing the level of energy efficiency of the Russian economy by 23% by 2030. One of the ways to solve this problem is the development of nuclear energy, and increasing the competitiveness of nuclear energy is one of the key issues for the national economy. In this connection, solving the problem of assessing the competitiveness of the nuclear industry and its leading companies occupies a key place among the practical scientific problems, the solution of which is facilitated by the results presented by the authors in this article. Rosenergoatom Concern JSC is the leading energy generating company in the Russian nuclear industry. The results of the study of the competitiveness of Rosenergoatom Concern JSC were obtained on the basis of the authors’ methodology for assessing the competitiveness of an energy generating company. The novelty of the presented methodology lies in the developed normative and evaluative model and the coefficients of competitiveness of an energy generating company. The advantages of the authors’ model are that it allows (1) obtaining integral assessments of the competitiveness of a power generating company at short time intervals for a large number of indicators and (2) quantitatively measuring the effects of different factors on the competitiveness of a power generating company, provided that the grouping of indicators of competitiveness of a power generating company is justified by influencing factors. The two factors considered by the authors were: the general market factor and the industry factor. According to the results of the study, it was found that Rosenergoatom Concern JSC demonstrates positive increase of the competitiveness indicator mainly due to the industry factor. With this regard, it was concluded that, within the framework of state policy, it is advisable to strengthen support for the Russian nuclear industry by creating additional conditions and opportunities for its energy generating companies on the domestic energy market.

PROJECT MANAGEMENT AS AN INSTRUMENT OF STRATEGIC DEVELOPMENT OF THE RUSSIAN FEDERATION

2020 ◽  
pp. 73-86
Author(s):  
Y.I. Molotkov ◽  
Keyword(s):  
Economic Crisis ◽  
Strategic Development ◽  
Progressive Development ◽  
Production And Consumption ◽  
The World ◽  
World Economic ◽  
Scientific Technical ◽  
The Government ◽  
Economic Ties ◽  
World Economic Crisis

The world economic crisis of 2009, subsequent events of economic stagnation and overcoming the crisis of European countries, America and Russia showed that even stably carrying out scientific, technical and economic progressive development of the country fall into a wave crisis process. This process is primarily associated with production and consumption. In Russia, it was aggravated by a deep severance of economic ties, for example, due to a power crisis in Ukraine, as well as the adoption of US and EU sanctions. The result of the economic crisis is an increase in poverty in Russia. The article describes the current problems and tools for the implementation of documents adopted by the president and the government of the program-project strategic development of the state for the period up to 2024, which should ensure the socio-economic development of the population and the country, and are also included in the top 5 economies of the world.

scholarly journals Structural transformations of Russian economy in the conditions of accelerated digitalization of industrial relations

2020 ◽  
pp. 1-8
Author(s):  
Mihail Mihailovich Gudov ◽  
Eka Revazievna Ermakova
Keyword(s):  
Structural Changes ◽  
Industrial Relations ◽  
Structural Transformations ◽  
Soviet Period ◽  
External Shocks ◽  
Current Period ◽  
Russian Economy ◽  
The Subject ◽  
The Government ◽  
The Impact

The goal of this research is to determine the consequences of accelerated digitalization of industrial relations in the context of structural transformation of Russian economy, as well as substantiate the need and the possibility for structural changes namely in the current period of time. The object of this research is the current and exhausted raw mineral export model of the Russian economy, which requires immediate modification. The subject of this research consists in the study of the impact of current external shocks (abrupt drop in the price of energy resources) upon the changes in the structure of Russian economy (in the sectoral and component views). The structural reform of the Russian economy, which started back in the Soviet period, could not be fully implemented via evolutionary path.  Same as all world’s economies, the Russian economy is currently functioning in a state of uncertainty and under influence of external shocks. In the authors’ opinion, these external shocks presently force the accelerated digitalization of industrial relations, which can produce powerful structural transformations of economy, it the government will provide support for corresponding projects.

Russian Economy against a Background of Global Crisis: Current Trends and Prospects of Development

2009 ◽  
pp. 71-92 ◽  
Author(s):  
N. Akindinova ◽  
V. Mironov ◽  
M. Petronevich ◽  
S. Pukhov ◽  
S. Smirnov
Keyword(s):  
Economic Development ◽  
Economic Situation ◽  
Economic Policies ◽  
Global Crisis ◽  
Russian Economy ◽  
Current Trends ◽  
The World ◽  
Current Economic Situation ◽  
The Government ◽  
Future Economic Development

Overall overview of current economic situation in Russia and in the world and possible scenarios of future economic development are presented in the paper. The analysis of GDP slowdown factors shows that the fall in excess inventories, accumulated in 2007—2008, accounts for more than 2/3 of GDP reduction in Russia. It is noted that instruments used by the government are weakening each other and do not allow to achieve internal and external equilibrium simultaneously in the future. Two possible anti-crisis economic policies (which are also behind the differences in two scenarios) are considered — countercyclical and anti inflation ones, their advantages and drawbacks are examined. The conclusion is made that countercyclical policy is now more favorable, which seems also to be a government choice. Nevertheless, anti-inflation policy directed to shrink monopolies power is necessary in both scenarios.

scholarly journals Challenges and risks in the process of Russia’s post-pandemic economic recovery

2021 ◽  
pp. 133-138
Author(s):  
O. M. Makhalina ◽  
V. N. Makhalin
Keyword(s):  
Structural Changes ◽  
Negative Impact ◽  
Action Plan ◽  
Sustainable Growth ◽  
National Action Plan ◽  
Russian Economy ◽  
The World ◽  
Macroeconomic Indicators ◽  
The Government

The COVID-19 pandemic in 2020 has had a negative impact on economies around the world. The article analyses the macroeconomic indicators characterising the Russian economy after the COVID-19 pandemic. The results of this action on Russia’s global indicators have been compared with those of some countries in the world. The objectives and activities of the “National Action Plan for Employment and Income Recovery, Economic Growth and Long-Term Structural Changes in the Economy” (hereinafter the “National Action Plan”) have been considered. This document sets out the country’s development over the next two years and measures to recover the economy from the COVID-19 pandemic. The Government of the Russian Federation is allocating 5 trillion roubles for the implementation of the “National Action Plan”. Meanwhile, the main objective is to ensure a sustainable economic development and income growth path within two years. The indicators of the main goal to be achieved by the end of 2021 are: sustainable growth of the personal income; reduction of unemployment to 5%; growth of the gross domestic product by 2.5% per annum. In conclusion, the challenges and risks in implementing the “National Action Plan” have been formulated. 

scholarly journals Vietnamese Tea Exporting and Forecasting to 2030

2020 ◽  
Vol 3 (2) ◽  
pp. 636-646
Author(s):  
To-The Nguyen ◽  
Nguyen-Anh Tuan ◽  
Le Phuong Thao
Keyword(s):  
Negative Impact ◽  
Export Price ◽  
Upward Trend ◽  
Internal Factors ◽  
High Productivity ◽  
Tea Industry ◽  
The World ◽  
Hybrid Seeds ◽  
Tea Production ◽  
The Government

This study aimed to determine the factors influencing Vietnamese tea export quantities, namely, the internal factors of national tea production, productivity, and cultivated areas, and the external factors of export price and world tea export quantity (excluding Vietnam). We employed a time-series linear model to estimate the magnitude as well as the sign of the aforementioned factors on Vietnam’s tea export quantity and two Box-Cox transformations called a simple back-transformed forecast and a bias-adjustment to forecast the growth rate of the Vietnamese tea export quantity until 2030. The results suggested that except for the total domestic tea production, all the proposed factors significantly affected the Vietnamese tea export quantity. The tea export quantity of other nations around the world had a significantly negative impact on Vietnamese tea that led to Vietnam’s tea exports dropping by 34 tons on average since the other countries exported 1,000 tons of tea. The forecasted outcome suggested an upward trend of Vietnamese tea exports up to 2030. In order to sustainably develop Vietnam’s tea industry, we recommend that the government should take supportive actions such as investing in in-depth tea processing to improve Vietnam’s tea export quality, focusing on post-harvest activities, investing in organic or high-value tea rather than conventional tea, continuing to  accumulate land to support the growth of cultivated tea areas, and maintaining high productivity by using hybrid seeds.

The crisis of 2020 as an indicator of social responsibility of the Russian state

2020 ◽  
pp. 56-61
Author(s):  
М.А. Измайлова
Keyword(s):  
Social Responsibility ◽  
Economic Crisis ◽  
Small Businesses ◽  
Commodity Markets ◽  
State Support ◽  
Russian Economy ◽  
Russian State ◽  
Two Factors ◽  
Economic Volatility ◽  
The Government

В статье проводится анализ кризисной ситуации, сложившейся в российской экономике под совокупным воздействием двух факторов различного генеза: биологического - коронавируса и экономического - волатильностью на сырьевых рынках. Изложены сценарии и детерминанты развития экономической ситуации в России. Проводится обзор антикризисных мер, предлагаемых экономистами и предпринимаемых правительством по поддержке хозяйствующих субъектов. Особое внимание уделено анализу господдержки малому бизнесу и гражданам. Делается вывод о необходимости ведения открытых дискуссий по предотвращению затяжного характера экономического кризиса. The article analyzes the crisis situation in the Russian economy under the combined influence of two factors of different Genesis: biological - coronavirus and economic - volatility in commodity markets. Scenarios and determinants of the development of the economic situation in Russia are described. A review of anti-crisis measures proposed by economists and taken by the government to support economic entities is being conducted. Special attention is paid to the analysis of state support for small businesses and citizens. It is concluded that it is necessary to conduct open discussions to prevent the protracted nature of the economic crisis.

scholarly journals Perlindungan Hukum Konsumen atas Informasi Harga pada Produk Minuman

2021 ◽  
Vol 2 (1) ◽  
pp. 137-141
Author(s):  
M Syahrul Bahri ◽  
I Nyoman Putu Budiartha ◽  
Ni Made Puspasutari Ujianti
Keyword(s):  
Legal Protection ◽  
External Factors ◽  
Primary Data ◽  
Accurate Information ◽  
Selling Price ◽  
Legal Research ◽  
Internal Factors ◽  
The World ◽  
The Difference ◽  
The Government

Drinking is one of the main needs of humans in the world that must be fulfilled for activity. Every human being must meet his needs, especially drinks, whether in quantity or in terms of the health of the drink. Therefore, the State must provide security for its people without exception whether it is related to supervision or regulating its circulation. This study aims to explain the legal protection for consumers for information on the price of beverage products listed on the packaging and to explain the resolution efforts regarding the difference between the price on the packaging and the selling price paid. This research used normative legal research, with a juridical approach through the hermenutic method. The data used were secondary and primary data which were analyzed qualitatively. The result of the research showed that the government has provided consumer protection for the provision of accurate information by means of obligations imposed by business actors as well as prohibitions that cannot be violated. The responsibility of business actors to resolve disputes can be pursued through channels outside the court as well as through court channels. The factors that influence the occurrence of a product that is nominally different from the price on the packaging consist of internal factors and external factors. If there is a difference in price on the package and at the time of payment, the cheapest fee will be paid.

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