On the Projects of the RF Central Bank Dedicated to the Financial Market Development

DOI: https://doi.org/10.33917/es-6.180.2021.63-67

The Bank of Russia in its systemic documents, published in 2020, presents solution of a wide range of topical issues of the Russian financial system and economy related to providing the real sector with long-term money, the lack of which is one of the key factors restraining the growth of investments and the Russian economy for years. However, implementation of measures proposed in the documents may take more than one year until the economy begins to feel their effect. In this regard, it seems important to consider more systemic mechanisms that will allow to expand the volume of long-term money. In particular, we are talking about approaches based on interaction of the national central bank and the national ministry of finance. Besides, more and more countries in the world are actively applying the indicated mechanisms.

Источники:

1. Osnovnye napravleniya razvitiya finansovogo rynka Rossiiskoi Federatsii na 2022 god i period 2023 i 2024 godov: Proekt ot 30 sentyabrya 2021 g. [Main Directions of Development of the Financial Market of the Russian Federation for 2022 and the Period of 2023 and 2024: Draft Dated September 30, 2021.]. TsBR, available at: https://cbr.ru/Content/Document/File/124658/onrfr_project_2021-09-30.pdf.

2. Osnovnye napravleniya edinoi gosudarstvennoi denezhno-kreditnoi politiki na 2022 god i period 2023 i 2024 godov [Guidelines for the Single State Monetary Policy for 2022 and the Period of 2023 and 2024]. TsBR, available at: https://cbr.ru/about_br/publ/ondkp/on_2022_2024/

3. Aganbegyan A.G., Ershov M.V. Ne stoit melochit’sya. Spasut li Rossiyu dlinnye den’gi? [One Shouldn’t Waste Time on Trifles. Will Long Money Save Russia?]. Argumenty i fakty, 2020, August, 10.

4. Poslanie Prezidenta RF Federal’nomu sobraniyu [Message of the President of the Russian Federation to the Federal Assembly]. Ofitsial’nyi sait Prezidenta RF, 2021, April, 21, available at: http://www.kremlin.ru/events/president/transcripts/messages.

5. Ershov M.V. Mir v 2020 godu: novye problemy obnazhayut sistemnye izmeneniya v ekonomike [The World in 2020: New Problems Reveal Systemic Changes in the Economy]. Voprosy ekonomiki, 2020, no 12, pp. 5–23.

Digital imperatives of economic management within the cross-border economic spaces of international integration associations (unions) with the participation of Russia

DOI: 10.33917/mic-1.96.2021.5-10

The problems of forming a unified digital information environment of a group of industry and cross-industry clusters of large and medium-sized companies within the framework of international integration associations (unions) with the participation of Russia are considered. The possibility and expediency of involving various types of resources distributed over economic spaces into the control loop has been substantiated. It is proposed to form resource- and object- (agent-based) structured matrices of effective demand and cooperative supply of products and services in Russia and abroad.

Prechaos as a Mid-Term State of Global Poliсy and Economics

DOI: 10.33917/es-1.175.2021.22-29

The contemporary world is characterized with slowdown of key processes of global institutional development at the background of instrumental capabilities for geo-economic competition that could now include the methods of political and economic pressure upon competitors. Such a state of affairs could be called «a pre-chaos» that means the backpedaling major developments in the global geoeconomics (including the investment ones) as well as the political one while waiting for the massive turbulence that could include application of force. The USA are interested in maximum prolongation of the pre-chaos state in order to buy time to consolidate the elite and stabilize the society socially. But the prolonged existence of world economy within the frame of pre-chaos model that among other things results in avoiding the longer-term economic decisions including investment-related ones, only increases the destructive potential of future crisis with the destruction of the vital elements of the system of global economic interdependence

Research paradigm of creation industrial association: the theory and practice

In the scientific article the author’s position concerning formation regional industrial association with the base research centre of leading high schools is presented an example of Republic Tatarstan. Classification numbers of sources of design financing with a substantiation of economic feasibility of the project are revealed.

Trade War Between the USA and China: Who will Win?

DOI: 10.33917/es-3.169.2020.56-65

Regular meeting of the Bogomolov Club, held at the Institute for Economic Strategies on January 28, 2020, was dedicated to the issues of trade and economic war between the USA and China. The keynote address was delivered by the famous Russian sinologist, Doctor of Economics, Professor, Director of the Center for Social and Economic Research of China at the RAS Institute of the Far East, member of the Russian Association of Sinologists, the European Association of Chinese Studies Andrey V. Ostrovsky.

In Expectation of Investment Growth

DOI: 10.33917/es-8.166.2019.16-23

At the present moment Russia faces the problem of increasing the economic growth rates to the average world rates. As the country economy was in crisis and post-crises conditions for several years, so the effective measures should be taken in all economic fields. Here, the question of investment activity comes to the fore. In spite of the fastening in economic growth as of 2018 according to the official data, investments in Russia in conditions of a high external and internal uncertainty have not yet recovered to pre-crisis level. The article raises the issue about necessity of creation a conductive investment environment, special measures and programmes orientated on the local and foreign investors which can help to increase the investments volume and quality and to promote Russia’s economic growth

Recombination of Developing Countries’ Debts to Russia: Conversion of Financial Debt in the Long-Term Lease of Property Assets

The article aims to consider the possibilities of handling the developing countries’ debts to Russia. A model for converting financial debt into long-term lease of property assets (territory, water area, etc.) is proposed. Recombination of debts for the long-term lease of territory will allow our country to achieve geostrategic results now or postpone it for the future, when it becomes especially profitable for us. This model of setting off (paying) the debt of the debtor country for Russia’s right to lease a part of the debtor country’s territory for 100 years ahead with exclusive use rights like a special economic zone should protect the interests of Russia and Russian companies, with regard to possible future situations of both peaceful and military character. Experience of the USA, which leased Alaska from the Russian Empire and is still giving it back, confirms the proposed model effectiveness

Macroeconomic Policy and Structural Changes: Alternatives Transmission Mechanism

#2. Breakthrough Betting
Macroeconomic Policy and Structural Changes: Alternatives Transmission Mechanism

The issue of the connection of current macroeconomic policy measures and structural changes is being investigated. Approaches that focus on the behavior of macroaggregates, as a rule, do not take into account the structural and institutional characteristics of the economic system. These characteristics are now becoming relevant in the field of economic development. Macroeconomic policy is based on a transfer mechanism, which is a set of measures and instruments that affect economic dynamics. However, until now the transfer mechanism of macroeconomic policy has changed, without taking into account structural and institutional characteristics — the Keynesian prescriptions have been replaced by monetarist, “offer economics”, “real cycle theory”, and theoretical generalizations were the basis of the transfer mechanism. The modern economy is changing so rapidly that the fundamental generalizations lag behind the pace of these changes, which leads experts responsible for macroeconomic policy to develop measures according to the practical feasibility and vision of solving certain problems, sometimes based on a priori established connection of individual parameters, for example, the money supply and GDP, inflation and employment levels, or inflation and money supply, etc. Usually the presence of feedbacks is considered weakly, as well as does not subordinate the measures of the current policy of the country’s development strategy, since the strategic program is simply another set of tools that should lead to different results.

Global Asian Energy Ring: Contours of Energy System of the XXI Century

#1. Minds Confusion
Global Asian Energy Ring: Contours of Energy System of the XXI Century

Macroeconomic problems and political games of our Western “partners” have mainstreamed the task of diversifying the routes and simultaneously expanding the volumes of Russian and transit electricity exports abroad. Given constantly increasing energy consumption in Asian countries, it is the Asian export vector of Russian fuel and energy resources that seems most promising, updating the development of fuel and energy infrastructure for integrating the energy system of Russia and the energy systems of a group of key countries in Eastern, Southern and Western Asia. This vector from the viewpoint of considering the fuel and energy infrastructure as a metasystem is expedient to realize through forming the Global Asian Energy Ring, taking into account the unique experience of the UES of the USSR and the Mir energy system. A unified energy supply system and mechanisms for resource and financial coordination within the framework of the Global Asian Energy Ring can form the basis for ensuring political and economic competitiveness of a group of key countries in Eastern, Southern and Western Asia, based on a key energy partner, being also the main guarantor of energy supplies (collective energy security) — Russia.

Experience of Managing Competitiveness in the Innovation Environment Using the Case of Eastern Countries

#7. Foresight Boom
Experience of Managing Competitiveness in the Innovation Environment Using the Case of Eastern Countries

Modern innovative environment provides many opportunities for managing competitiveness of the national economy. Experience of managing competitiveness in the innovation environment seems useful in terms of studying the factors of innovative development and identifying promising directions of the national economy of the Republic of Belarus, in particular, the machine-building complex. As the objects of research, the author selected such countries as Korea, Japan, Thailand, China and Singapore.