Italian cultural policy: conclusions for Russia

The article analyses current public management and funding practices of cultural organisations in Italy by using comparative and statistical analysis. The structure of the sector’s governing bodies and approaches to budgeting for culture at national level have been explored. Trends in decreasing funding from provincial, regional and local budgets have been identified. The status, legislative and institutional conditions for the emergence of Italy’s unique multichannel cultural financing system have been described. An analysis of the Italian museum system’s reform has been presented. The activities of private opera foundations have been discussed in detail. The main similarities between Russian and Italian cultural policies have been described. These are the drive to expand the boundaries and activities associated with the cultural sector, the significant burden on local and regional authorities in the field of cultural heritage preservation, the “quantitative approach” and the application of financial performance indicators to assess cultural organisations performance.The article’s scientific novelty lies in the complex approach to the study of Italian cultural policy using the criteria proposed by D. Montias and A. I. Glagolev, and in the study of the activities of Italian opera foundations and museums, which had not previously been sufficiently covered in the Russian and foreign literature. The prospect of the topic, the practical significance and relevance of the research are due to the need to implement regulations in Russia which set a course for the creation of a multi-channel system of funding and a broad understanding of the cultural sector, and ensuring inter-agency and inter-regional cooperation between the authorities in the implementation of cultural policy.The article analyses a wide range of financial support mechanisms for culture, most of which are named in the “Strategy of State Cultural Policy of Russia as Targets by 2030”, while Italy has accumulated considerable experience in this area for several decades.

The BIMSTEC Free Trade Area

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional cooperation between Bangladesh, India, Sri Lanka, Bhutan, Nepal, Myanmar, and Thailand since the liberalization of these economies. Member countries need to be more proactive for integrated regional cooperative hubs to enhance trade and investment opportunities in health and other sectors of the economy to cope with the pandemic and its impact. The aim of this chapter is to show how BIMSTEC, a regional cooperative body, can be a driver for socio-economic development, inter-regional trade, and investment opportunities for BIMSTEC countries and cope with COVID-19 and its impact. The BIMSTEC area is home to approximately 1.6 billion citizens accounting to 22% of the worlds inhabitants with a joint gross domestic product (GDP) of 2.7 trillion. Unemployment situation of ‘new poor' can be tackled through close cooperation among the BIMSTEC nations in an effective manner to achieve ‘pareto optimality' through trade and investment among member countries.

Smart City Development in Korea and Its Implications for Cooperative Governance

This chapter dealt with the characteristics, the governance structure, policy-making process, the main thrusts, and regional governance of Korean smart cities. Korea defined a smart city as a platform to improve the quality of life for citizens, enhance the sustainability of cities, and foster new industries by utilizing innovative technologies of the Fourth Industrial Revolution era. The smart city consists of three components including technologies, services, and applications, and legislation. Ministry of Land, Infrastructure, and Transport has been in a position to play a leading role in developing smart cities and has accordingly been pushing for deregulation while other ministries have been devoted to the programmes under the inter-agency collaboration framework. The Seoul smart city initiatives are reviewed in terms of policy process including policy formulation, policymaking, policy implementation, and policy evaluation. The chapter also suggests ASEAN regional cooperation types in response to the COVID-19 pandemic.

Fostering Regional Cooperation and Integration for Recovery and Resilience: Guidance Note

The coronavirus disease or COVID-19 has brought countries together to mitigate its spread and cushion its adverse consequences. Regional cooperation will be perhaps even more important in building an inclusive, resilient, and sustainable economic revival. This guidance note advocates wider, deeper, and more open regional cooperation and integration. Cooperation can be widened to include regional health security, trade in information and communication technology-enabled services, and financial safety nets, for example. It can be deepened to reach more stakeholders and sectors. It can also become more open through flexible collaboration and greater sharing of knowledge and expertise.

BIMSTEC

The ongoing pandemic has drastically affected the Bay of Bengal countries. Greater cooperation is suggested as these countries are fighting against the common problem and challenge of the coronavirus pandemic. Regional cooperation has become important to overcome the barriers that are mainly pandemic driven which has resulted in an increase in the cost of production and trade in the region. The chapter discusses the benefits that India is likely to get with higher integration with the immediate neighbouring countries with special reference to BIMSTEC region. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) region is a dynamic region with trade as the driver of growth. The region is often overlapped with SAARC regional grouping with almost similar members. BIMSTEC gained its lost recognition in the year 2016, due to its high growth potential to develop sustainably.

Synergy Analysis of Knowledge Transfer for the Energy Sector within the Framework of Sustainable Development of the European Countries

The target for 2030 of reaching a 32% share of renewable energy in the gross final energy consumption can be achieved by speeding up the transformation pending the implementation of knowledge transfer (KT) policies that foster regional cooperation for the cost-effective development of renewables. The research purpose is the analysis of important factors in the development of the renewable energy sector through knowledge sharing and collaboration across the Member States in a comparable manner. The hypotheses are as follows: Hypothesis 1 (H1) there are synergies between knowledge transfer and economic impact through income and jobs for the renewable energy sector and Hypothesis 2 (H2) the EU countries have different profiles of synergy. The research proposition was established through the employment of a quantitative synergy and trade-offs analysis based on the knowledge transfer indicators and the sustainable development framework. The research method, namely the advanced sustainability analysis (ASA), uses the quantitative assessment tool for the understanding of synergies between two or three dimensions of sustainable development, presuming that the combined effect of the factors is greater than the sum of their individual effects. The current research comprises an evaluation of the renewable energy sector knowledge transfer policy models at the national level for 24 EU countries and four other European states, focusing on the capabilities to create synergies. The results of the study represent a valuable input for the policy makers, allowing for a coherent and sustainable planning and programming of the new electricity market, adopted through the Clean Energy Package, and following a highly dynamic and radically disruptive background, exploiting the ‘successful’ profiles.

Globalization’s Effect on Environmental Degradation in Regional Cooperation

This study sctrutinize the impact of defacto and dejure GLOB (as in explained in KOF GLOB index 2018) on Environmental degradation in EAGLE, BRICKS, European Unions & NEXT11 countries. The defacto GLOB indicate the estimate of GLOB include variables that represent flows and activities, de jure estimate includes variables that shows policies that represents, enable flows and activities. Whereas the environmental GLOB is measured by CO2 Emission. The results show that dejure economic and social GLOB has significant impact on environmental degradation in EAGLE, BRICKS, European Union & NEXT11 countries which indicates that the favorable trade & financial GLOB policies in these countries enabled more economic GLOB led to more industrialization which deteriorates the environment in these countries. Yet political defacto & dejure GLOB has no significant impact on countries within these regional Cooperation’s.

A Comparative Study of Indias Foreign Trade in Pre and Post Reform Era

Foreign trade has been playing a vital role in the economic progress and prosperity of every country.In modern days foreign trade has assumed an immense prominence and substance for economic development of a country because of interdependence of economies, increasing specialization and joining regional cooperation. In 1991, the major program of economic reform were introduced which emphasize on external sector wherein the protective tariffs were decreased, changes into foreigninvestment and the restrictive import licensing system was relaxed and simplified. After the New economic reforms, India’s foreign trade has undergone substantial changes, volume of trade rose up and composition of trade was also frequently changed. The main objective of the paper is to study the trends of India’s foreign trade pre and post new economic reforms in India. The entire data for the present study is collected from the secondary sources. The collected data has been analyzed by using Paired t-test from SPSS software package and graphs. The findings of this paper said that there is positive relationship between economic reforms and India’s foreign trade. A push has been given to theexports but analyzes says that the increasing rate of imports is higher in comparison to the increasing rate of exports. Keywords: Foreign Trade, New Economic Reforms, Exports, Imports, Growth Rate.