DOI: 10.33917/es-8.174.2020.6-15

The research was prepared for the scientific project № 18-010-00500 that is referred to as “Challenges Russia facing with in the light of the new Integrated world economic system formation and transition from the Industrial society of the XXth century to the Information society of the XXIst century” and supported by the Russian Foundation for Basic Research. The paper is devoted to the actual issues of de-dollarization in global and cross-country relations (on the example of China-Russia ones). The main goal of the research is to identify the challenges and threats for RMB and ruble usage and work out the instruments and mechanisms to stimulate de-dollarization processes in the Eurasian region and worldwide. Firstly, we determine the key negative factors influencing word financial and economic system development and increasing the turbulence within it. Secondly, the history of local currency settlement (LCS) between China and Russia was accurately analyzed and divided into phases. Thirdly, we addressed the processes preventing its successful development (these tasks were solved in part 1 of the work). Finally, we offered the practical solutions to intensify the LCS between China and Russia and facilitate the building of new world economic order (part 2).

Lately politicians are talking a lot and political scientists are writing about “tectonic shifts” in the modern world, but they have rather vague ideas about the nature of these shifts. Matrix is an attempt to identify the main factors of the processes, taking place in the world economy, to systematize them, to show the main interconnections and, on this basis — to reveal the causes of “tectonic shifts” and their mechanism. The matrix is based on generalized results of many years of research by the world’s largest scientists who are supporting the idea of cyclical nature of evolutionary development. Conducted by N.D. Kondratiev, J. Schumpeter, J. Arrighi, I. Wallerstein, G. Menshem, S.Y. Glazyev, K. Peres and other authoritative scientists, analysis of the world economic development over the past 250 years makes it possible to predict accurately the future development of the world for the next 30-40 years and to outline the main directions of development until the end of the present century. In their forecasts of the future, many domestic and Western political scientists demonstrate linear thinking, because they do not understand the cyclical nature of any, primarily social, development, defining the “future” from today, rather than exploring century-old trends.