Economic recovery in Russia: forecasts and prospects

2021 ◽  
pp. 62-65

Economists from the Center for Global Practice in Macroeconomic, Trade and Investment Policy (MTI) present trends in Russia's economic development in a World Bank report. The report also examines the feasibility of using cost-effective social security systems as the main tool for halving poverty.

2017 ◽  
Vol 66 (1) ◽  
Author(s):  
Kristina van Deuverden

Abstract:Public budgets in Germany developed favorable during the last years. Currently there is a broad discussion on how to spend unexpected budget surpluses: tax reductions and a various number of spending purposes are on the agenda. Many of the proposals overlook that existing surpluses partly reflect special developments and are, thus, only temporary. This part of surpluses indicates no scope for tax reductions or lasting expenditure, but it can temporarily be used on investment spending and, thus, can enhance potential growth. In many cases proposals also overlook that the development of public finances in Germany is very heterogeneous. Regarding demographic developments social security systems will face heavy challenges and will have to raise social contribution rates in near future. A medium-term projection indicates an increase of nearly four percentage points till 2025. This dampens economic development and reduces potential growth. Thus, the permanent part of the budget surplus should be used to increase tax transfers to social insurances – especially because a huge volume of non-insurance benefits is still financed within the security system.


Author(s):  
Kamila Bielawska

Ubezpieczenia społeczne w wielu krajach są istotną częścią systemu zabezpieczenia społecznego. Specyficzne cechy ubezpieczeń społecznych, m.in. ekwiwalentność i roszczeniowość świadczeń czy odrębność źródeł finansowania, powodują, że należy dbać o to, aby interesariusze mieli stały dostęp do wiarygodnych informacji na ich temat, zarówno w zakresie stanu bieżącego, jak i w odpowiednio długim horyzoncie czasu. Powinno to sprzyjać zaufaniu do ubezpieczeń społecznych. Celem artykułu jest dokonanie przeglądu obszarów i kryteriów stosowanych do oceny systemów ubezpieczeń społecznych na podstawie adaptacji rekomendacji Komisji Europejskiej oraz Banku Światowego w odniesieniu do systemów emerytalnych oraz wskazanie obszarów, których ocena powinna zyskać na znaczeniu w świetle starzenia się populacji. Jak wynika z przeprowadzonej analizy, ocena adekwatności i stabilności finansowej jest rozwinięta i stanowi pewien standard. Natomiast obszar związany z modernizacją ubezpieczeń społecznych, tj. dostosowywaniem ich do zmieniającej się sytuacji demograficznej i ekonomicznej, jest nadal wyzwaniem. Zbyt małą rolę przypisuje się ocenie równości ze względu na płeć, skali redystrybucji, transparentności i wiarygodności informacji o ubezpieczeniach społecznych.


2004 ◽  
pp. 36-45 ◽  
Author(s):  
A. Klepach ◽  
A. Yakovlev

The paper considers critically the methodology and main conclusions of the World Bank study on the concentration of ownership and control in the Russian economy. The authors discuss methodological problems of the study and stress its importance for understanding trends of economic development in Russia in the last years. At the same time the risks of market monopolization and "state capture" by the biggest private companies are overestimated in the World Bank report. Recent economic growth has been closely connected with the activity of leading financial-industrial groups. For successful economic development Russia — as a big country but a small economy — needs new large companies able to compete in the global market. For "growing" of such businesses the country requires institutions of development and new industrial policy taking into account successful experience of the middle-income countries like Chile, Israel, Mexico, Brazil, South Korea.


2021 ◽  
pp. 77-88
Author(s):  
Marie-Claire Cordonier Segger

This chapter considers whether States are legally bound to address the sustainability impacts of trade and investment liberalization—at least to prevent harm, and potentially also to actually integrate environmental and social development considerations in order to strengthen and enhance the contribution of increased trade and investment flows towards achieving countries’ Sustainable Development Goals (SDGs). To this end, it considers scholarly literature on the legal status of States’ commitments to sustainable development. It also discusses customary and interstitial norms, and whether international law requires States to integrate significant environmental and social considerations into economic development plans, including into the negotiations of new trade and investment agreements, noting the relevance of the maxim pacta sunct servanda. In particular, the chapter considers the relevance of the customary principle of integration to trade and investment policy, and how this principle might influence the interpretation of trade and investment agreements.


Author(s):  
Sushil K. Sharma

Internet, wireless, mobile, multi-media (voice, video, 3D), broadband, and other information and communication technologies (ICTs) are rapidly consolidating global communication networks and international trade with implications for people in developing countries. Extensive literature suggests that use of ICTs have a great impact on society for improving their economic means and life styles. However, various studies conducted in different regions of the world indicate that the advantages of ICTs have not reached all sections of society, particularly rural communities, and women. Women face many obstacles before they can harness the benefits of ICTs (Accascina, 2001; Alloo, 1998; The Commonwealth of Learning, 1998, 1999, 2000, 2001). Information and technology development, adoption, and access are far from adequate in developing countries. Large scale illiteracy and disabling environments, including uncompetitive markets, restrict opportunities to harness ICTs. For example; in India only 0.6% of the population uses the Internet and the penetration rate of the personal computer is only 1.2% (Hafkin & Taggart, 2001; Nath, 2001; World Bank Report, 2002). Information chasms follow socioeconomic divisions, particularly income and education disparities, separating well-connected elites from the less privileged who remain detached from information access and use. Most women within developing countries are on the lowest side of the divide, further removed from the information age as compared to the men whose poverty they share (Accascina, 2001; Nath, 2001; Tandon, 1998, The Commonwealth of Learning, 1998, 1999, 2000, 2001). If access and use of these technologies is directly linked to social and economic development, then it is imperative that women in developing countries be taken into consideration while developing ICT diffusion strategies. ICTs can be an important tool in meeting women’s basic needs and can provide the access to resources to involve women as equal partners in socio-economic development (Cole et al., 1994). Addressing gender issues in the ICTs sector has shown significant results where women have been made a part of ICT use and access. For example, women have benefited greatly from South Korea’s push to make higher education available online. In corporate South Korea, more than 35% of high-level IT positions are now held by women. In Africa, 70% of agricultural produce is handled by women (World Bank Report, 2002). By using farm radios, women farmers can obtain information in local languages on markets, agricultural inputs, food preservation, and storage without traveling far, or being dependent on a middleman. ICTs use and access by women can offer significant opportunities for them in developing countries, including poor women living in rural areas. However, their ability to take advantage of these opportunities is contingent upon conducive policies, an enabling environment to extend communications infrastructure to where women live, and increasing educational levels. It is now, particularly appropriate to ensure the inclusion of gender concerns in national IT policy, as most developing countries are either in the process of or about to start elaborating these policies (Accascina, 2001; Marcelle, 2000; Ponniah & Reardon, 1999; The Commonwealth of Learning, 1998, 1999, 2000, 2001). Women face considerably higher barriers in terms of literacy, access to education and information, productive and financial resources, and time. Many of the obstacles women face in accessing and using technology are entrenched in behavioral, cultural, and religious practices. Unless explicit measures are taken to address these divides, there is a risk that ICT will increase gender disparities and that the impact of ICTs will not be maximized. Integrating gender considerations into ICT strategies and policies will enable policy-makers and implementers to address these differences, which in turn will lead to remove gender inequalities for ICTs use and access (The Commonwealth of Learning, 1998, 1999, 2000, 2001).


Author(s):  
Sushil K. Sharma

Internet, wireless, mobile, multi-media (voice, video, 3D), broadband, and other information and communication technologies (ICTs) are rapidly consolidating global communication networks and international trade with implications for people in developing countries. Extensive literature suggests that use of ICTs have a great impact on society for improving their economic means and life styles. However, various studies conducted in different regions of the world indicate that the advantages of ICTs have not reached all sections of society, particularly rural communities, and women. Women face many obstacles before they can harness the benefits of ICTs (Accascina, 2001; Alloo, 1998; The Commonwealth of Learning, 1998, 1999, 2000, 2001). Information and technology development, adoption, and access are far from adequate in developing countries. Large scale illiteracy and disabling environments, including uncompetitive markets, restrict opportunities to harness ICTs. For example; in India only 0.6% of the population uses the Internet and the penetration rate of the personal computer is only 1.2% (Hafkin & Taggart, 2001; Nath, 2001; World Bank Report, 2002). Information chasms follow socioeconomic divisions, particularly income and education disparities, separating well-connected elites from the less privileged who remain detached from information access and use. Most women within developing countries are on the lowest side of the divide, further removed from the information age as compared to the men whose poverty they share (Accascina, 2001; Nath, 2001; Tandon, 1998, The Commonwealth of Learning, 1998, 1999, 2000, 2001). If access and use of these technologies is directly linked to social and economic development, then it is imperative that women in developing countries be taken into consideration while developing ICT diffusion strategies. ICTs can be an important tool in meeting women’s basic needs and can provide the access to resources to involve women as equal partners in socio-economic development (Cole et al., 1994). Addressing gender issues in the ICTs sector has shown significant results where women have been made a part of ICT use and access. For example, women have benefited greatly from South Korea’s push to make higher education available online. In corporate South Korea, more than 35% of high-level IT positions are now held by women. In Africa, 70% of agricultural produce is handled by women (World Bank Report, 2002). By using farm radios, women farmers can obtain information in local languages on markets, agricultural inputs, food preservation, and storage without traveling far, or being dependent on a middleman. ICTs use and access by women can offer significant opportunities for them in developing countries, including poor women living in rural areas. However, their ability to take advantage of these opportunities is contingent upon conducive policies, an enabling environment to extend communications infrastructure to where women live, and increasing educational levels. It is now, particularly appropriate to ensure the inclusion of gender concerns in national IT policy, as most developing countries are either in the process of or about to start elaborating these policies (Accascina, 2001; Marcelle, 2000; Ponniah & Reardon, 1999; The Commonwealth of Learning, 1998, 1999, 2000, 2001). Women face considerably higher barriers in terms of literacy, access to education and information, productive and financial resources, and time. Many of the obstacles women face in accessing and using technology are entrenched in behavioral, cultural, and religious practices. Unless explicit measures are taken to address these divides, there is a risk that ICT will increase gender disparities and that the impact of ICTs will not be maximized. Integrating gender considerations into ICT strategies and policies will enable policy-makers and implementers to address these differences, which in turn will lead to remove gender inequalities for ICTs use and access (The Commonwealth of Learning, 1998, 1999, 2000, 2001).


2020 ◽  
Vol 26 (11) ◽  
pp. 2448-2471
Author(s):  
S.V. Anureev

Subject. This article examines the functions and management structures of central financial bodies and related parliamentary and governmental structures in Australia, Canada, Great Britain, Japan, Germany, France and Italy. Objectives. The article aims to identify non-standard functions and structures that go beyond the classical responsibility of finance ministries as a central part of the budget process arising from current economic challenges. Methods. For the study, I used a comparative analysis. Results. The article describes the important new functions of financial authorities and treasuries of Western governments aimed at economic growth and economic recovery. Conclusions. The organizational and management structures and functions of the ministries of finance go far beyond the budget process, overlap with and dominate the functions of central banks and ministries of economic development.


Sign in / Sign up

Export Citation Format

Share Document