Trade-based money laundering: development of the «red flags» system

The OECD and the FATF highlight the problem of money laundering via international trade with a view to disguising illicit gains and moving value through the use of trade transactions. For example, inaccurate invoices may be used, which, according to the Global Financial Integrity estimates, resulted in $0,9 trillion to $1,7 trillion losses in 148 countries in 2006–2015. In Russia, the authorities attempt to reduce the risks of money laundering within the framework of international trade through the use of currency regulation, while foreign countries are using a risk-based approach by developing the “red flags” systems that allow financial intelligence agencies, customs and other state bodies as well as subjects of financial market (through which the payments for export-import transactions are made) and the companies participating in international trade themselves to determine whether a transaction entails risks of money laundering. In addition, internal and international inter-agency exchange of information related to money laundering in international trade, including trade and financial data, is being developed.

International trade between Hungary and Russia within the development of the pharmaceutical industry

The global pharmaceutical market is one of the most innovative and dynamically developing sectors of the global economy. In addition, this industry can be considered highly profitable. Its role has especially increased in the context during the coronavirus pandemic. This article examines trade relations between Russia and Hungary in the pharmaceutical sector. For the Hungarian economy, the pharmaceutical industry is one of the traditional and most innovative sectors of the economy: about 86% of the manufactured products are exported. Hungary is among the top 20 largest exporting and importing countries of pharmaceutical products. The main partners of Hungary are the EU countries. Russia remains an important partner of Hungary in the export of pharmaceutical products, however, it we should note the downward trend of the Russian share in Hungarian exports, due to the sanctions policy on the part of the EU. After the imposition of sanctions in 2014, the growth rate of the Russian pharmaceutical market slowed down, which also negatively affected the volume of trade cooperation with European partners. Russia has traditionally been a major importer in the global pharmaceutical market. An important problem is the reduction of drug import dependence and the expansion of exports. For Russia, this will be possible thanks to the development of unique innovative products. Hungary is an attractive country for the development and expansion of Russia's trade relations in the global pharmaceutical market. For both countries, the pharmaceutical industry is strategically important. The situation with the coronavirus pandemic has shown that political differences can be leveled. Hungary became the first European country to conclude a contract with Russia for the supply of Sputnik V coronavirus vaccine. Thus, there is a high economic potential to make up for the lost pharmaceutical relationship between the two countries.

The trends of export activities development of small and medium enterprises: world experience and russian practice

The article analyzes the peculiarities of export activities of small and medium-sized businesses, shows the high involvement of companies belonging to small and medium-sized businesses (SMEs) in the high-tech sector. The contribution of SMEs to the creation of the value of a product/service through the introduction of innovations and their adaptation to different contexts by providing new or niche products that meet the diverse needs of customers is noted. Based on the analysis of the world practice of export activities of SMEs, the author concludes that SMEs can contribute to economic diversification and economic sustainability. This is especially true for resource-rich countries that are particularly sensitive to fluctuations in raw material prices. The emphasis is placed on the analysis of the export activity of Russian SMEs, an insignificant share of SMEs in the total volume of exports in comparison with other countries is highlighted. It is concluded that Russian small and medium-sized businesses are in the process of formation, which makes them vulnerable to the influence of both external and internal threats. It is shown what impact the COVID-19 pandemic had on SMEs. It was emphasized that the main problems for such companies were non-fulfillment of contractual obligations and a sharp decline in demand.

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.

The impact of the spread of COVID-19 сoronavirus infection on the implementation of the national project "International cooperation and export" in the short and long terms

The relevance of the study is explained by the fact that the spread of the coronavirus epidemic has become a serious challenge to achieve the goals and objectives set by the national project, especially taking into account the need to obtain relevant results already in 2030. The author analyzed the impact of the pandemic on the results of achieving the corresponding milestones of federal projects in the short term - in particular, the degree of achievement of the parameters of federal projects in the dock 2019 and in the crisis year 2020 was considered. The long-term implications of the coronavirus-related restrictions are also considered, including in the aspect of a qualitative change in the national project as a whole, associated with a change in the federal projects that fill it. Based on the results of studying the issue, the author presents scenarios about the possibility of implementing a national project by 2030, taking into account the existing market situation, and also gives recommendations on possible mechanisms for the successful completion of all project activities within the timeframes determined by the President of the Russian Federation.

Current stage of higher education internationalization: new characteristics, world leaders and challenges for Russia

At its present stage of internationalization of education, its architecture and forms have changed. The study of these aspects requires an integrated approach. Increasing the volume of exports of educational services remains a priority for Russia, which, according to the authors, does not realize its educational export potential sufficiently. The purpose of the article is to reveal the features of the current stage of internationalization of higher education through the compilation of its complex characteristics by a set of cross-sections, to interpret the calculations obtained in a new way, to identify new facts and factors affecting the development trend and to develop proposals for Russia as an exporter of educational services. The main sources used were the statistical databases of the WTO, the EEC of the EAEU. Analytical approach, comparative and statistical analysis were used. As a result, the authors found confirmation of the continuing trend of growth in global spending on education, the volume of investments in the global market of educational services, an increase in the number of foreign students, and the preservation of Russia's share in the number of foreign students. The authors also identified new characteristics of the global educational services market, such as: the acceleration of the growth rate of global exports of educational services, the decline in the share of the United States and the growth of the share of the UAE in the global educational services market, the transformation of Asian countries from donors to recipient countries of educational services.

Strengthening Indonesia-Russia trade economy relations: Indonesia’s effort to access Eurasia market

The article discusses economic cooperation between Indonesia and Russia, as well as the possibility of Indonesia entering the Eurasian market. Indonesia is recognized as the largest economy of the Association of Southeast Asian Nations (ASEAN) and the leader of Southeast Asian countries with high rates of economic growth. The growth of the regional economy is expected to support global economic stability. Russia is an unconventional market for Indonesia's main goods in the Eurasian region, so Indonesian goods can be found quite rarely on Russian markets and in supermarkets. In this regard, it is important to understand which Indonesian export goods are of interest to Russians and how these goods can fall into Russia. To do this, it is necessary to study the business potential of partners with whom you can start working together. Since 2016, Indonesia has been emphasizing the importance of cooperation and trade and economic integration in the Asia-Pacific region, Eurasia and Southeast Asia. In the midst of a global pandemic, it is necessary to develop diplomacy and economic cooperation between Indonesia and Russia in order to prevent potential conflicts in the South China Sea involving the United States and China. At the same time, Indonesia should develop its economy and trade through bilateral and multilateral cooperation in international organizations. The study showed that economic cooperation between the two countries should contribute to strengthening trade relations, increasing investment and increasing the competitiveness of Indonesia's export products.

Factors and directions of revision of the French social paradigm

Historically, France is home to a number of concepts and practices for the creation of the welfare state (État providence). The state social policy is organically woven into the economic mechanism of this country and, it seemed, is its integral part. The purpose of the article is to identify the main directions of the revision of the social French paradigm. The generalization of the bibliography, historical and statistical analysis made it possible to identify a number of factors of such a revision, including the processes of transnationalization of French business, the scaling of trade, and the crisis of the post-industrial phase of global capitalism. The conclusion is substantiated that the shocks of the 2019 pandemic at the beginning of 2021 accelerated the evolution of French social policy in favor of the communitarian level due to the limited opportunities for social reforms at the country level. The antithesis of the initiatives of Emmanuel Macron is the growth of nationalist sentiments and ideas of Charles de Gaulle against the background of the crisis of convergence of the economies of the member countries.

Buy national campaigns promotionin the EU and EAEU countries

It is determined in the article that the promotion of the “Buy National” policy is of a protectionist nature and often may not comply with international trade rules, including within the framework of integration associations. It was determined that this approach of the states participating in integration associations (the EAEU is no exception) is a certain brake on the development of integration processes. As a result of the analysis of studies on this issue, it was revealed that consumers in certain countries support the policy “Buy national, but their purchasing habits are not fundamentally changed. The study analyzes individual ways of using the Buy National campaigns in the countries of the European Union and the Eurasian Economic Union and shows that countries are actively using this policy, explaining these measures by supporting the national economy, but such actions threaten the development of integration. Based on the results obtained, possible recommendations for cooperation of the EAEU member states have been developed for an equal representation of goods from the five countries in retail facilities. In particular, it was proposed to develop and adopt a model code of good practices for retail chains as norms of "soft" law, enshrining in it the principle of non-discrimination towards goods from the EAEU member states.

Substitution effect in high-tech industry in the USA in foreign trade share and domestic market protection

The transition to the sixth technological order, characterized by the systemic elements of the information revolution, requires a comprehensive analysis of the aggregate dynamic processes trade operations in the context of the respective commodity groups. Using the traditional methods of the statistical and economic method, in general terms, reduced to the formula: "domestic production + import - export", the relative quantitative indicators of the share of imports and exports of products of the leading high-tech industries of the United States were calculated for specific periods of time in the period 1951–2020, correlated with domestic production for the same period. Thus, an assessment of the impact of the "substitution effect" in the high-tech industry of the United States is given in relation to the volume of exports and imports in the context of certain groups of analyzed industries. The empirical results obtained contributed to the identification of trends in the regulation of American imports of high-tech industry products to protect the domestic market under the influence of the substitution effect in US foreign trade in the period under consideration. The main conclusion is that the priority in the focus of American foreign trade policy in terms of protecting the domestic market of high-tech industrial products, was and remains a flexible, expedient (in terms of substitution and integration vectors) combination of tariff and non-tariff restrictions on imports.