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

ASEAN Integration Process Development

DOI: 10.33917/es-7.173.2020.14-23

Amid the unstable world environment the economic “weight” transfer to Asia highlights dynamically growing role of the Asian Pacific region (APR) where a specific place is put on the Association of Southeast Asian Nations (ASEAN). The present research is devoted to processes of ASEAN member-countries regional integration development. In the current work dynamicsof socio-economic indicators, volumes of the foreign direct investments (FDI) and intraregional trade are characterized. The conducted research concludes that regional development processesin ASEAN are flourishing: the ASEAN competitiveness is to a highstandard, the Association is attractive from a position of foreign investment. The analysis of socio-economic indicators dynamics revealed asymmetry of ASEAN member-countries. The gap in macroeconomic indicators in comparison with the other partners of Association is observed in CMLV countries (Cambodia, Myanmar, Laos, Vietnam). However, such a disproportion, on the one hand, mightprevent from formation of effective production networks, and, on the other, guarantee the lagging countries relative economic stability

Current Situation in Chinese-American Relations and Its Impact on the World and Development of Russian-Chinese Cooperation

DOI: 10.33917/es-7.173.2020.6-13

The article, which represents the abstracts of the author’s report at the Expert Dialogue “International agenda and conjugation of the Eurasian Economic Union and the Chinese One Belt One Road Initiative in the context of profound changes” (EEC, September 16, 2020), examines the current state of the Chinese-American relations, prospects of Russian-Chinese cooperation within the framework of “One Belt, One Road”, “Great Eurasian Partnership” programs

On Some Factors of Economic Growth and Regional Development

DOI: 10.33917/es-6.172.2020.78-85

For several years, there has been a considerable interest in the development of regions and their contribution to the national economy, both in Russia and in foreign countries. The regions are characterized by uneven economic development and the amount of taxes and fees going to the Federal budget. Moreover, in Russia, this unevenness in regional development is particularly strong, which is facilitated by tax policy that affects the reduction of regional tax independence and does not encourage the regions to develop their income base. The task of achieving a balance between donor and recipient regions, reducing the number of subsidized regions, and creating incentives to increase their incomes and economic growth is one of the most actual problems of Russian economic policy.

EAEU and Global Value Chains

DOI: 10.33917/es-5.171.2020.128-135

The article describes position of the EAEU countries in the international division of labour, compares them with other geographic regions. The author reveals the pros and cons of deeper integration into global value chains, and also suggests various policy options with regard to participation therein. The paper also describes the EAEU regional features, on the basis of which advantages and disadvantages of the region in relation to external economic agents are specified. Special focus is made on the protectionist trend, which has both internal and external (global) dimensions and hinders implementation of effective coordinated macroeconomic policy of the EAEU countries for achieving higher redistributions in global production chains.

Transformation of Russia’s Presence in Kyrgyzstan

DOI: 10.33917/es-3.169.2020.74-79

The article dwells on the changing role of Russia in Kyrgyzstan, identifies trends of the main country’s indicators in trade and direct investment, describes humanitarian cooperation between two countries. The authors make an assessment of Kyrgyzstan’s economic potential, examine the main industries and agriculture of the country, identify its investment attractiveness for foreign partners.

Russian-Chinese Infrastructure Cooperation

DOI: 10.33917/es-3.169.2020.66-73

The article dwells on the infrastructure cooperation between Russia and China as one of the main areas of interaction between two countries at the present stage. The paper analyzes problems of creating the Trans-Eurasian Development Belt (TEDB), formation of the Far Eastern transport and logistics cluster (Primorye-1 and Primorye-2), construction of the Eurasian Sea Canal between Caspian and Azov Seas. Particular attention is paid to forming the Arctic vector of the Silk Road. The author concludes that it is necessary to create a number of transport and logistics corridors with developing the corresponding industrial clusters inside them, as well as to organize international consortia for the projects implementation.