Risks and perspectives of higher school transformation for the russian economy in conditions of gobalization and digitalization

The article examines the risks and possible prospects for the transformation of higher education from the standpoint of the Russian and world economy, identifies the main reasons for the current situation in terms of the influence of foreign capital on the level of competitiveness of the domestic economy's production capacities and its involvement in global value chains. An analysis of the risks of increasing the dependence of Russian higher education on the global market of educational services is carried out. This may negatively affect the preservation of the potential of human capital in the domestic market of the country. In this regard, the current trends in the field of educational activity, including the globalization of higher education in the context of digitalization, as well as the process of internationalization of scientific research, are considered. Additional trends in the transformation of higher education were identified that could contribute to the sustainable development of the Russian economy, primarily in the domestic market, taking into account the involvement of Russia in the system of international division of labor. Based on the results obtained, the key directions of the development of Russian higher education are identified, taking into account possible risks and prospects in order to achieve sustainable development of the Russian economy based on the long-term development of the domestic market, where special attention is paid to the human capital of the country, including not only material, but also moral aspects of society.

State Procedures for Improving the Investment Climate in the Russian Federation: Prospects for Improvement

The COVID-19 pandemic interrupted many trends that had developed before it and again updated the issue of modernizing the Russian economy, restarting the mechanisms of economic growth and sustainable socio-economic development. The key to resolving these issues is to increase the investment activity of the business. The investment climate is one of the key characteristics that testify to the freedom of entrepreneurial activity, the ease of opening and conducting business, the quality of regulatory procedures in the economy, the effectiveness of business entities, and the provision of equal opportunities for the development of the private sector. A favorable investment climate reveals the potential for the development of private companies. The article considers the system of state procedures in the field of improving the national investment climate, gives a brief description of the main tools and projects to improve the investment climate, analyses the changes in the main target indicators of investment attractiveness of the Russian Federation.

The Role of Non-Bank Financials in the Formation of Long-Term Resources for Economic Growth in Russia

The development of the activities of non-bank financial institutions that accumulate the resources of the national savings system on a long-term basis is seen as a factor in increasing investment in the Russian economy and its growth rates. When carrying out the study, we used general scientific methods, methods of structural, weigh, and dynamic analysis, and comparisons of performance indicators of non-bank financial institutions. Problems in the activities of organizations in the non-banking sector of the Russian financial market are predetermined by the parameters and trends in the development of the socio-economic situation in Russia, including insufficient efficiency of regulatory practices. The positive dynamics of the development of non-bank financial intermediaries is qualified as unstable; it is not supported by the solution of the structural and institutional problems of the Russian economy. In view of this, an increase in their role in the redistribution process is associated both with decisions of a more general order and with the improvement of the regulatory and supervisory practices implemented by the Bank of Russia. The solution to the identified problems in the development of the non-banking segment of the financial market should be aimed at turning it into an effective mechanism for capital formation to ensure economic growth.

The issue of the readiness of the Russian economy to implement digital transformation

In the article, the author carried out an integral qualitative assessment of the readiness of the domestic economy for the transition of its functioning to the format of industry 4.0. The degree of infrastructural and institutional compliance of the country’s economy with the criteria necessary for the implementation of the digital transition is investigated. The relevance of the article is due to the compression of the time available for the domestic economy to implement digital transformation, which are caused by the economic and infrastructural consequences of the Covid–19 pandemic and the tightening of competition between countries for the right to dominate the information space. The result of the scientific work done by the author is a comprehensive assessment of the readiness of the Russian economy for digital transformation, indicating its strengths and weaknesses. Taking into account the most significant factors determining Russia’s readiness for digital transformation, the framework directions for supporting the digital transformation of the country’s economy are proposed.

Russia’s banking sector during the pandemic

Quarantine and self-isolation have become a new challenge for the Russian economy, changed many areas of our life, revealed new weaknesses in the banking system and monetary regulation of the economy, and also become a good test for the post-crisis financial system. In this article using a systematic approach to the study of information, analytical and graphical methods the dynamics of the Russian banking sector during the development of the coronavirus pandemic and the specifics of recovery from the crisis have been investigated. The innovations and improvements brought about by the pandemic have been studied. The Central Bank of Russia’s monetary policy instruments used to mitigate the impact of the pandemic on the real economy in general and on the banking sector in particular have been reviewed. The features of anti-crisis measures taken by the monetary authorities in our country have been revealed.

Development of Innovation System in Bioinformatics Using Blockchain Platforms

It is reasonable to use digital technologies to organize and support an innovation system that simplify and promote interactions between innovation activity participants by performing a situational analysis of big volumes of structured and unstructured data on innovation activity subjects in the regions. The aim of the article is to substantiate the essence, peculiarities and features of integrating blockchain platforms with Big Data intelligent analytics for regional innovation development. The study was carried out as based on materials describing the development of this concept both in the whole world and its spread in the Russian economy.

"Good" and "bad" billionaires in post-soviet Russia (1997–2020)

The article shows the idea of American economist Ruchir Sharma about "good" and "bad" billion-aires in relation to modern Russia, indicates the criteria proposed by Ruchir Sharma for classifying billionaires as "good" and "bad". The ratio between "good" and "bad" billionaires in modern Russia is studied for the period from 1997 till 2020. To identify "good" billionaires, their list for 2008, 2015 and 2020 is given, indicating companies and industry. For the same years, the shares of "good" billionaires in the total amount of billionaires and their total property were calculated. Sig-nificant growth of a number of "good" billionaires and their share in their total amount and total property of billionaires has been found. The main factors that determined the dynamics and share of "good" billionaires are indicated: the dynamics of world oil prices and the maturity of the Russian bourgeoisie. The share of "good" billionaires in Russia is being compared with the remaining 19 countries analysed by Ruchir Sharma. It turns out that even in the best year of 2020 for Russia in terms of the share of "good" billionaires, it was far behind other countries. Objective and subjective reasons for Russia’s catastrophic lag in the share of "good" billionaires are shown. Objective reasons include the youth of Russian capitalism and the huge demographic losses of Russia in the XX century, especially among the creative part of the population. Subjective reasons include the vices of the carried out in post-Soviet Russia political and economic reforms and the resulting economic and political structure. The negative consequences of the small share of "good" billionaires are analysed. These include the economic crisis in Russia in 2008 and the unsatisfactory structure of the Russian economy, as well as a huge social differentiation. The author proposes measures for accelerated modernization of the Russian economy, creating the most favourable conditions for the growth of "good" billionaires.

Climatic Change as a Driver of Economic Development: an Example from Angara–Yenisey Siberia

Climate change and its impact on economic development is an important, but still understudied issue. This paper is aimed to fill in this gap in relation to the Angara–Yenisey macroeconomic region. It contributes to the literature in several dimensions. First, an overview of research on the climate impact on various sectors of the Russian economy is given. Second, we showed the main trends and factors in the dynamics of economic development in Russia over the past 20 years. And at last, the comparison of the average annual temperature and the gross regional product growth rates was conducted for the four regions of the Angara–Yenisey Siberia. It was concluded that there is no sufficient evidence that regional economies are significantly dependent on temperature fluctuations. Nevertheless, there is still space for further research.

BANKS OF RUSSIA DURING PANDEMIC PERIOD

The article is devoted to a research analysis of the current patterns of development of Russian banks during a pandemic. Banks play a significant role in the Russian economy. This paper studies the banking system as part of the economy in a pandemic. The main problems faced by banks in the context of a pandemic are identified, and ways to solve them are indicated. It is concluded what changes have taken place not only in the country's economy as a whole, but also in the activities of the banks of the Russian Federation