Contours of the Concept of Developing Financial Cluster of the Russian Federation in the Long-Term Period

#8. New Year’s Forces
Contours of the Concept of Developing Financial Cluster of the Russian Federation in the Long-Term Period

Availability of a strong financial cluster is one of the key conditions for further economic growth of the Russian Federation. The purpose of its creation is to form conditions for protecting investors and providing efficiency, transparency and development of the national stock market and enhancing its international attractiveness. In this article, the author, having analyzed the world experience in establishing a financial center and working out its development concept, recommends to create an Agency for Financial Cluster (Center) Regulation or an Investment Agency. In turn, it is recommended for the agency to establish an international council as a consultative and advisory body. In such a situation, priority of the state policy should become the improvement of system-forming factors that have a long-term impact on forming the practice of financial institutions activity: the quality of state regulation; the quality of corporate legislation; availability of reliable and high-quality information, as well as free access to it; the level of development of the financial sector infrastructure, the level of trust and awareness of the public about financial sector services (financial literacy realization); training of professional personnel for financial market; improvement of accounting and taxation of financial market participants and financial instruments.

The Nobel Committee: is the Modern Market Regulated?

#1. Change of Leader
The Nobel Committee: is the Modern Market Regulated?

The article proposes “the developing society organization”, denoted as “effectively managed free market” which will allow to eliminate the conflict between government and business and even to reduce the grounds for conflict with the opposition.

Orthodox Banking as a Socially Oriented Model of the Credit System

#5. The Forerunners of Memory

The financial system of modern world market economy is not only means of functioning of world economy, but it has everything that is necessary to perform functions of global management system for social and economic development of every nation. It requires the development of new social-oriented model of credit system (orthodox banking) with special institutions that would operate according to ethical standards of business and religious values. Our research reflects opportunities of modernization of Russian credit system in post-crisis period, and there is described new attitude to banking system, which provides new type of banking service.

Quality Management System — 100 Per Cent Basis of Industrial

#4. Cognitive Dissonance

Nowadays not only all leading companies of the world have the QMS, but these systems are also being introduced into the work of state bodies. It is obvious that for Russia such approach would be extremely productive.

For Whom Samovar is Buzzing?

#6-7. Springs of Surprises

If we put aside political crackling and sensation, offered solutions of contemporary economic problems consist in their transfer onto our children and grandchildren.

Need for Market Reforms in the Strategy of Socio-Economic Development of Russia

#6-7. Springs of Surprises

Moscow is one of the most expensive cities in the world primarily because of administrative obstacles to the creation of competitive environment in the city.