Spatial Development Strategy: Identification Problems of the Russian Promising Economic Specializations

DOI: https://doi.org/10.33917/es-2.176.2021.16-21

The Spatial Development Strategy (Strategy) needs a radical overhaul, and the priority actions should detail the promising economic specializations of the Russian regions. Methodological and substantive gaps are actively discussed by analysts and the academic community. At the same time, the fact of the absence of one of the constituent entities of the Russian Federation dropped out of account, and therefore, the detailed elaboration of promising activities contains only 84 out of 85 regions. In the presented study, a quantitative analysis of promising economic specializations of the constituent entities of the Russian Federation was made based on a comparison of the Strategy data with the NACE. There is given a constructive criticism of the applied system for identifying the industry specialization of the subjects of the Russian Federation based on the NACE’ approach. There are done recommendations on primary measures in identifying the industry specialization of the Russian state. The results of the study confirm the need for a radical revision of the classification of industry specialization of the constituent entities of the Russian Federation

Spatial Development: China’s Experience

DOI: https://doi.org/10.33917/es-2.176.2021.6-15

Increased interest in China is due not only to its successes in combating the pandemic — the PRC is the only major country in the world that has managed to maintain a positive economic growth dynamics. Moreover, more than 40 years of successful reforms certainly make the Chinese experience deserving special attention and study. The present article analyzes the spatial development of China over the past decades, which in addition to a component purely economically measured by percentage of GDP growth of the country and individual regions, has got important social, demographic, cultural, historical and ethnic components

Globalization of the World Economy and Pandemic-2020

DOI: 10.33917/es-1.175.2021.30-43

The impact of the “pandemic 2020” is analyzed both in the short term and taking into account the long-term trend in order to restore national economic sovereignty by national economies; factors of the promotion of economic globalization — the activities of multinational/multinational companies, the US promotion of unilateral sanctions, the level of economic freedom bordering on the ultimate criterion for the loss of national economic sovereignty; financialization of the global economy as a factor in its growth; the dependence of world development on the level of GVCs formed and the existing specialization of the economies of the world, which made them unable to ensure sovereignty, security and health of the nation; it was concluded that the “pandemic 2020” acts as a catalyst for the restructuring of the world economies towards polycentrism and ensuring real reasonable sovereignty, without denying the potential of either vertical or horizontal cooperation and economic interaction

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

Power System for Beautiful China

DOI: 10.33917/es- 1.175.2021.14-21

The growth in primary energy consumption in 2019 by 1.3% was provided by renewable energy sources and natural gas, which together provided 75% of the increase. China in the period 2010–2020 held a leading position in the growth of demand for energy resources, but according to forecasts, India will join it in the current decade

Local Currency Settlement between China and Russia in the Post-Covid-19 Era: Current State, Challenges and Solutions. Part II

DOI: 10.33917/es- 1.175.2021.6-13

The paper continues the publication with the same title and is devoted to the development of currency and financial cooperation between Russia and China. This part of the study contains the main proposals for stimulating of local currency settlements for the analyzed countries and “recipes” for creating new world economic order. In the first part of the work the special attention is paid to the processes of payment systems’ conjugation, development of digital currencies and the idea of creating a collective currency in the Eurasian economic space. The second part is devoted to systemic reforms of the global financial and economic system

Impact of the Trade War Between the United States and China on the EAEU Foreign Economic Activity. Interim Results and Prospects

DOI: 10.33917/es-8.174.2020.16-25

The article analyzes the causes of the trade war between the USA and China, in particular, dwells on the problems of further globalization of the world economic relations, multidirectional vectors of the two states’ development in recent decades, as well as disproportion in the trade balance. The paper presents statistical assessment of the trade war results, expressed in structural changes of trade relations between the US and China, as well as dynamics of their imports from the EAEU countries. Based on statistical data, the conclusion is made on economic prospects of the EAEU to compensate certain product groups that are falling out during the trade war in the Chinese and American markets, and general recommendations are given on building the EAEU’s foreign economic strategy, taking into account the current global changes

Local Currency Settlement Between China and Russia in the Post-Covid-19 Era: Current State, Challenges and Solutions. Part I

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).

On Current Issues of International Municipal Cooperation

DOI: 10.33917/es-7.173.2020.32-43

The article examines the world experience and the main trends in developing international cooperation between cities of the world, analyzes economic effect of international relations between territorial formations of national states, considers topical issues and outlines the problem field of international municipal cooperation in Russia. The autor concludes that it is feasible to build up international and foreign economic relations of Russian territorial entities in the context of achieving the goals of the country’s economic development and the UN sustainable development until 2030.

Comparison of Methodologies for Strategic Forecasting and Planning of Economic Development in Developed Countries and Russia

DOI: 10.33917/es-7.173.2020.24-31

The authors considered the organization of strategic planning and forecasting of five countries that are among the world’s economic leaders — USA, Great Britain, Germany, France, Japan and Russia. The main features of the organization of the process of strategic planning and strategic forecasting in these countries are revealed, and a brief description of the organizational paradigms in the area under consideration is given. The purpose of the article is to determine the possibilities of borrowing in the field of methodology of strategic planning and forecasting. While there are no borrowing problems in the field of technical forecasting methods, there are a number of obstacles in the organizational field, determined by various factors. The authors identified nine such factors, and concluded that the prospects for the development of strategic planning and forecasting in Russia lie outside the directly specified area