scholarly journals Shortageflation 3.0. Gospodarka wojenna – państwowy socjalizm – kryzys pandemiczny

Ekonomista ◽  
2021 ◽  
Vol 5 ◽  
Author(s):  
GRZEGORZ KOŁODKO
Keyword(s):  
Point Of View ◽  
Budget Deficits ◽  
Market Demand ◽  
New Production ◽  
The Sustainable Development ◽  
War Economy ◽  
Goods And Services ◽  
Real Socialism ◽  
Specific Reactions ◽  
Production Capacities

The crisis caused by the pandemic has induced governments and central banks to undertake non-orthodox actions aimed at the protection of people’s living standards and the maintenance of production and service activities of enterprises. The policy of the aggressive rise in money supply has resulted in a considerable increase in budget deficits and foreign debts. In this context, it is important to seek an answer to the question how this can accelerate inflationary processes and to formulate proper suggestions addressed to economic policy. In fact, inflation now is higher than the official price indices because it is partly dampened. The rise in the general price level does not reflect fully the actual intensity of inflation. We have to do with a price and resource inflation, called shortageflation. Methodologically, it is interesting to compare this contemporary phenomenon (3.0) with inflation suppression in a war economy (1.0) and in the economies of real socialism (2.0). Such comparisons show some similarities of these processes but also significant differences due to the specific reactions of households and enterprises. The author discusses five channels of liquidating the excessive money resources and indicates the ways most advisable from the point of view of the sustainable development in the post-pandemic future. Especially important is to stimulate the transformation of a part of the inflationary money surplus into the market demand for goods and services which increases the utilization of the existing production potential and leads to investments which create new production capacities as well as the conversion of compulsory savings into voluntary savings.

scholarly journals The role of leasing companies in the economy of the Russian Federation

2019 ◽  
pp. 87-94
Author(s):  
V. A. Dyakonova ◽  
N. B. Ershova
Keyword(s):  
Comparative Characteristic ◽  
Production Volume ◽  
New Production ◽  
Russian Market ◽  
The Sustainable Development ◽  
Goods And Services ◽  
The World ◽  
The Russian Federation ◽  
Production Capacities

Increased production and investment in order to meet growing demand are necessary for the sustainable development of the economy. Leasing, as a tool, can significantly help in the implementation of these tasks. It is a signifi factor in economic growth, contributing to an increase in the production volume of goods and services through the creation of new production capacities and the attraction of investment resources. A comparative characteristic of leasing in Russia and other countries of the world has been introduced in the article, the current situation on the Russian market and its expected development in the future is described, the diff rences between leasing and rental relationship have been revealed.

scholarly journals Reproduction Forms of Sustainable Development Policy in Russia

2020 ◽  
Vol 174 ◽  
pp. 04020
Author(s):  
Sergey Zhironkin ◽  
Juraj Janocko ◽  
Svetlana Demchenko ◽  
Yulia Suslova ◽  
Olga Zhironkina
Keyword(s):  
Sustainable Development ◽  
Alternative Energy ◽  
Industrial Development ◽  
Manufacturing Industry ◽  
Raw Materials ◽  
Point Of View ◽  
Green Economy ◽  
The Sustainable Development ◽  
Goods And Services ◽  
Production Complex

The objective meaning of the sustainable development process in relation to the neo-industrialization of the economy is to create conditions for the restoration of the ecological identity of the national economy as a multi-industry production complex. We consider the neo-industrial development of the economy as the re-establishment of a competitive manufacturing complex in it, capable of saturating the domestic market avoiding increasing the burden on the environment with the innovative development of raw materials production, creating the material basis of national competitiveness in the environmental plan. From sustainable development point of view, neo-industrialization means conducting a comprehensive structural policy, the object of which should be national reproduction, and the subject is deep transformations of the processes that form the complex of human impact on nature, its institutional and technological structure, increasing the reproductive role of the green economy based on the potential of the internal market. At the same time, the history of greening industry, which dates back to the 1990s, testifies to the positive experience of replacing global production chains of raw materials, in particular, energy carriers, with the benefits of a fundamentally new type – alternative energy sources, biomaterials. Therefore, the development of technologically advanced manufacturing industry based on technologies of the green economy is possible as a result of the formation of production of goods and services that are maximally focused on meeting the environmental needs of society.

scholarly journals Shortageflation 3.0: War economy – State socialism – Pandemic crisis

2021 ◽  
Vol 2021 (3) ◽  
pp. 5-28
Author(s):  
Kolodko Grzegorz W. ◽  
Keyword(s):  
Budget Deficit ◽  
Inflation Rate ◽  
Price Level ◽  
Point Of View ◽  
Standard Of Living ◽  
Simultaneous Occurrence ◽  
State Socialism ◽  
Price Inflation ◽  
War Economy ◽  
Production Capacities

The crisis caused by the coronavirus pandemic has prompted governments and central banks to take unorthodox measures aimed at protecting the standard of living of people and sustaining the production and service activities of companies. The policy of aggressively rising the supply of money has entailed a significant increase in the budget deficit and public debt. It is important to consider the extent of its impact on the escalation of inflation processes and to formulate suggestions regarding the economic policy. Inflation is already higher than the official indicators show it, because it is partly suppressed. The increase in the general price level does not fully reflect the actual inflation rate. We are dealing with shortageflation – the simultaneous occurrence of price inflation and repressed inflation accompanied by shortages. It is methodologically interesting to compare this current phenomenon, 3.0, with the suppression of inflation in the war economy, 1.0, and in the economies of state socialism, 2.0. Such comparisons highlight not only the similarities of these processes but also differences resulting from the specificity of responses of households and businesses. This article discusses five channels of unloading excessive savings, indicating the most beneficial ones from the point of view of sustainable economic development in the post-pandemic future. It is particularly important to prompt the conversion of compulsory savings into voluntary savings and at the same time to stimulate the transformation of the inflationary monetary reserves into the effective demand expanding the use of existing production capacities and investments creating new capacities.

Shortageflation 3.0: War economy — state socialism—pandemic crisis

2021 ◽  
pp. 5-26
Author(s):  
G. W. Kolodko
Keyword(s):  
Budget Deficit ◽  
Inflation Rate ◽  
Price Level ◽  
Point Of View ◽  
Standard Of Living ◽  
Simultaneous Occurrence ◽  
State Socialism ◽  
Price Inflation ◽  
War Economy ◽  
Production Capacities

The crisis caused by the coronavirus pandemic has prompted governments and central banks to take unorthodox measures aimed at protecting the standard of living of people and sustaining the production and service activities of companies. The policy of aggressively rising the supply of money has entailed a significant increase in the budget deficit and public debt. It is important to consider the extent of its impact on the escalation of inflation processes and to formulate suggestions regarding the economic policy. Inflation is already higher than the official indicators show it, because it is partly suppressed. The increase in the general price level does not fully reflect the actual inflation rate. We are dealing with shortageflation — the simultaneous occurrence of price inflation and repressed inflation accompanied by shortages. It is methodologically interesting to compare this current phenomenon, 3.0, with the suppression of inflation in the war economy, 1.0, and in the economies of state socialism, 2.0. Such comparisons highlight not only the similarities of these processes but also the differences resulting from the specificity of responses of households and businesses. This article discusses five channels of unloading excessive savings, indicating the most beneficial ones from the point of view of sustainable economic development in the post-pandemic future. It is particularly important to prompt the conversion of compulsory savings into voluntary ones and at the same time to stimulate the transformation of inflationary monetary reserves into the effective demand expanding the use of existing production capacities and investments in creating new capacities.

scholarly journals Shortageflation 3.0: War economy – State socialism – Pandemic crisis

2021 ◽  
Vol 71 (S1) ◽  
pp. 13-34
Keyword(s):  
Budget Deficit ◽  
Inflation Rate ◽  
Significant Rise ◽  
Point Of View ◽  
Standard Of Living ◽  
Simultaneous Occurrence ◽  
State Socialism ◽  
Price Inflation ◽  
War Economy ◽  
Production Capacities

Abstract The crisis caused by the coronavirus pandemic has prompted governments and central banks to take unorthodox measures aimed at protecting the standard of living of people and sustaining the production and service activities of companies. The policy of aggressively increasing the supply of money has entailed a significant rise in the budget deficit and public debt. It is important to consider the extent of its impact on the escalation of inflation processes and to formulate suggestions regarding the economic policy. Inflation is already higher than the official indicators show it, because it is partly suppressed. The increase in the general price level does not fully reflect the actual inflation rate. We are dealing with shortageflation – the simultaneous occurrence of price inflation and repressed inflation accompanied by shortages. It is methodologically interesting to compare this current phenomenon, 3.0, with the suppression of inflation in the war economy, 1.0, and in the economies of state socialism, 2.0. Such comparisons highlight not only the similarities of these processes but also the differences resulting from the specificity of responses of households and businesses. This paper discusses five channels of unloading excessive savings, indicating the most beneficial ones from the point of view of sustainable economic development in the post-pandemic future. It is particularly important to prompt the conversion of compulsory savings into voluntary savings, and at the same time, to stimulate the transformation of the inflationary monetary reserves into the effective demand expanding the use of existing production capacities and investments creating new capacities.

The Radical Change of French Firms’ Financial Characteristics. Macroeconomic Consequences and Lessons for Political Economics / Die französische Finanzrevolution. Die Folgen für die Finanzstruktur der Unternehmen

2001 ◽  
Vol 221 (5-6) ◽  
Author(s):  
Sylvie Cieply
Keyword(s):  
European Integration ◽  
Financial System ◽  
Financial Structure ◽  
Radical Change ◽  
Political Economics ◽  
Point Of View ◽  
Budget Deficits ◽  
Integration Process ◽  
Financial Characteristics

SummaryThe French financial system has undergone major changes in the last twenty years. Until the beginning of the eighties, the French financial system was a State credit based system. This system was overhauled in the mid eighties under the pressure of French budget deficits in the context of the European Integration process. The more visible consequence of this wave of reforms was the transformation of French firms’ financial structure and their relationships with banks. This article deals with this transformation. It elaborates on its consequences from a macroeconomic point of view and justifies new initiatives taken in France to promote the financing of small and medium sized enterprises.

THE SPECIFICS OF THE DEVELOPMENT OF ONLINE COMMERCE UNDER THE INFLUENCE OF CONSUMER BEHAVIOR OF INTERNET USERS

2021 ◽  
pp. 158-171
Author(s):  
Dmitrii V. Tyurin ◽  
◽  
Aleksandra O. Volkova ◽  
◽  
Keyword(s):  
Consumer Behavior ◽  
Customer Orientation ◽  
Consumer Preferences ◽  
Point Of View ◽  
Practical Skills ◽  
Electronic Format ◽  
Online Commerce ◽  
Goods And Services ◽  
Internet Users ◽  
Technical Innovations

The article presents trends and innovations in the global and Russian markets regarding consumer behavior, analyzes the prospects for the development of online commerce, and suggests various approaches to increasing the share of online store customers and consumer retention in the era of digitalization and e-commerce. In particular, the authors analyzed the specifics of interaction with the audience on the example of a large online platform “Shopping live”. The practical skills of using innovative developments by marketers in terms of the development of mobile consumption of services and goods are demonstrated. The article takes into account the requirements that customers face in connection with the pandemic and forced self-isolation, in particular, the ability to use various technical innovations. It also demonstrates, as modern factors, the experience of practicing marketers, which influenced their work in the electronic format of selling goods and services, and in particular the use of new approaches in communication and customer orientation. The authors formulate approaches to the development of electronic promotion of goods and products of various industries from the point of view of consumer preferences, based on the specifics of the marketing strategy of large marketplaces, such as Wildberries, Aliexpress.

Subsea Well Intervention Readiness in Brazil

2021 ◽  
Author(s):  
Rafael Augustinis Purificação ◽  
Julia Vieira dos Santos ◽  
Matheus Marins Gonzaga
Keyword(s):  
Sharing Economy ◽  
Point Of View ◽  
Base Case ◽  
Goods And Services ◽  
Service Companies ◽  
Market Opening ◽  
Equipment Availability ◽  
Local Supply ◽  
Oil Company ◽  
Unconscious Desire

Abstract The purpose of this study is to assess the subsea well intervention capabilities in Brazil from an operator point of view and how it compares to other regions in the world, in terms of equipment availability, technology and readiness. The object of this assessment will be restricted to the well access systems, given the numerous scenarios that can drive a subsea well intervention. The intent is to identify the main challenges an International Oil Company (IOC) and/or Local Oil Company (LOC) operating in Brazil must overcome in order to keep a robust and realistic contingency plan in case of any well integrity issue. Also, similar challenges are experienced whenever production restoration is needed and/or even opportunities for production enhancement are economically assessed to viable, or not. Last but not least, well access during the last phase of a well lifecycle (plug and abandonment) is also a key element. This will be discussed further in. Until the late 90's, the subsea oil industry in Brazil was restricted to the state-run operator and the supply chain to the business had developed itself around the mindset to maidenly supply a single state-run operator demand. After the market opening and consolidation of the IOC's and LOC's in the subsea market, a lack of local supply of several goods and services started to present itself. Since well access systems are expensive and the base case is that you won't use it unless you have a problem, there's a strong unconscious desire not to worry about it until you really need it. Sharing the same view, service companies tend to enforce the sale of these kits to the operator, rather than focus on a rental solution. Moreover, when service companies provide rental solutions, they are not kept in country and mobilization fees and lead time become a showstopper on many cases. In view of the scenario described above and ways of operation of the Brazilian market IOC's and LOC's a solution will be proposed to mitigate the risk of unavailability and reduce costs based on the sharing economy principles.

scholarly journals The Impact of Ad-Blocking on the Sustainable Development of the Digital Advertising Ecosystem

2018 ◽  
Vol 10 (11) ◽  
pp. 4039 ◽  
Author(s):  
Janusz Wielki ◽  
Janusz Grabara
Keyword(s):  
Sustainable Development ◽  
Point Of View ◽  
Economic Effects ◽  
Primary Data ◽  
Literature Analysis ◽  
The Sustainable Development ◽  
Advertising Industry ◽  
Internet Users ◽  
The Impact ◽  
Excessive Number

Despite the rapidly growing expenditure on digital advertising, the effectiveness of the functioning of the digital advertising ecosystem is becoming less and less visible. This is related to the fact that only a small part of the expenditure incurred by organizations on various forms of digital advertising brings the expected results. For several years now, a phenomenon that stifles the effectiveness of the digital advertising ecosystem and deteriorates the ROI (return on investment) of advertisers has been the widespread practice of blocking advertising, known as ad-blocking. In this context, the aim of this article is to analyze the scale of the phenomenon of ad-blocking and its causes in terms of its impact on the effectiveness of the functioning of the digital advertising ecosystem and its sustainable development, which is extremely important from the point of view of the development of electronic commerce. In order to carry out this study, a literature analysis was conducted on the genesis of this phenomenon, its scale, causes, and economic effects. After this stage of research, in order to obtain primary data, a questionnaire survey was conducted on a group of individual Internet users. The results of the research indicated three main reasons for the development of ad-blocking. These are: excessive number of advertisements, their excessive invasiveness, and the mismatch between the advertisements displayed to the user and the user’s interests. In the context of these results and of the continued sustainable functioning of the digital advertising ecosystem, it is essential that the advertising industry be able to offer users alternatives to ad-blocking that they consider valuable from their own point of view and that take the users’ expectations into account.

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