The "Economic Strategies" journal

2022 #4. 2022. Resilience of tne Will




Poverty, Inequality, National Wealth: Empirical Analysis and Policy Implications

DOI: https://doi.org/10.33917/es-4.184.2022.70-81

The article is devoted to the study of poverty and inequality in the economic growth of the most developed countries, with a general focus on the formation of social policy consistent with the growth policy. The purpose of the study is to conduct a macroeconomic analysis of poverty, inequality and wealth in the G7 countries, China and Russia, with the ensuing substantiation of a social development strategy for the Russian economy. The methodology is made up of empirical analysis, as well as regression modeling, which make it possible to identify in a comparative way the connectivity of the dynamics of relevant indicators of social development  — the level of national poverty and wealth, the Gini coefficient and general inequality, growth rate, human development index. The result of the study is a precisely confirmed empirical relationship between the level of poverty and inequality for the countries considered, that is, a high value of one parameter corresponds to a high value of another. Consequently, poverty reduction may imply a reduction in inequality, and not only relative, but also absolute. In addition, it was found that for developed countries, high levels of poverty and inequality mean low values of the human development index. Social policy aimed at human development requires that its instruments be harmonized, including the necessary alignment with the current macroeconomic policies to stimulate growth. The magnitude of national wealth does not guarantee high growth rates, as well as low levels of inequality and poverty. A high level of inequality can accompany economic growth, having a positive effect on the growth rate, as for the Russian economy. In this regard, the current policy needs a reasonable selection of measures to stimulate growth and, at the same time, measures to reduce inequality, which can and should not be limited only to tax changes that require special confirmation of influence, but to institutional changes that regulate the creation and appropriation of income.

Источники:

1. Aganbegyan A.G. Kak preodolet’ stagnatsiyu i novyi krizis, obespechiv sotsial’no-ekonomicheskii rost [How to Overcome Stagnation and New Crisis, Providing Socio-Economic Growth]. Ekonomicheskie strategii, 2020, vol. 22, no 5, pp. 34–45, DOI: 10.33917/es-5.171.2020.34-45; no 6, pp. 6–19, DOI: 10.33917/es-6.172.2020.6-19.

2. Adzhimoglu D., Robinson Dzh.A. Pochemu odni strany bogatye, a drugie bednye. Proiskhozhdenie vlasti, protsvetaniya i nishchety [Why Some Countries are Rich and Others are Poor. The Origin of Power, Prosperity and Poverty]. Moscow, AST, 2016, 693 p.

3. Livshits V.N. Bednost’ i neravenstvo dokhodov naseleniya v Rossii i za rubezhom [Poverty and Inequality of the Population Incomes in Russia and Abroad]. Moscow, IE RAN, 2017, 52 p.

4. Stiglits Dzh. Tsena neravenstva. Chem rassloenie obshchestva grozit nashemu budushchemu? [The Cost of Inequality. How does Social Stratification Threaten Our Future?]. Moscow, Eksmo, 2015, 512 p.

Peculiarities of the Bread Products Consumption as a Factor in the Health Status of the Working Population of Russia

DOI: https://doi.org/10.33917/es-4.184.2022.82-89

Bread and bakery products are among the basic foods in Russia. Among the subjects of the Russian Federation 23 regions have seen an increase in the consumption of bread products in 2017–2020, leaders in consumption growth became the Astrakhan region, Republic of Ingushetia, the Chechen Republic and the Krasnodar Territory. These regions traditionally have a high consumption of bread products (10–19% higher than the Russian average). In addition, in the above North Caucasian regions, as well as in the Astrakhan region, in 2017–2020 Rosstat have recorded one of the lowest per capita monetary incomes of the population (30–53% lower than the average for the Russian Federation). In 2018– 2020 consumption of bread products in the Russian Federation was at the level of 116 kg per person a year, which is 20 kg or 21% higher than the recommended norm. Thus, resulting from a decline in revenues, the population switches from consumption of more expensive products to cheaper ones, saving on the purchase of meat, vegetables and fruit. Studies in this area have shown that bread products and vegetable oil in terms of kilocalories per ruble of costs stand in the first place, sugar and confectionery are in the second and potatoes are in the third place. The quality of the Russian consumer basket is the success of the nation’s longevity.

2022, January — May: Russia in the Context of Slowing Down Socio-economic Development

DOI: https://doi.org/10.33917/es-4.184.2022.90-95

Changing of a conjuncture index of “Economic strategy” (CIES) for five months of 2022 is considered. The contribution of indicators of supply and demand in CIES is estimated. The analysis of industrial production is carried out.

Источники:

1. Sotsial’no-ekonomicheskoe polozhenie Rossii v yanvare — mae 2022 goda: Doklad [Socio-Economic Situation in Russia in January-May 2022: Report]. Federal’naya sluzhba gosudarstvennoi statistiki, available at: https://rosstat.gov.ru/storage/mediabank/osn-05-2022.pdf.

2. Osnovnye parametry stsenarnykh uslovii prognoza sotsial’no-ekonomicheskogo razvitiya Rossiiskoi Federatsii na 2023 god i na planovyi period 2024 i 2025 godov [Main Parameters of the Scenario Conditions for Forecasting Socio-economic Development of the Russian Federation for 2023 and for the Planned Period of 2024 and 2025]. Ministerstvo ekonomicheskogo razvitiya RF, available at: https://www.economy.gov.ru/material/file/c56d9cd0365715292055fe5930854d59/scenarnye_usloviya_2023.pdf.

3. Informatsiya o Plenarnom zasedanii Peterburgskogo mezhdunarodnogo ekonomicheskogo foruma s uchastiem Prezidenta RF 17 iyunya 2022 g. [Information on the Plenary Meeting of the St. Petersburg International Economic Forum with Participation of the President of the Russian Federation on June 17, 2022]. Ofitsial’nyi sait Prezidenta RF, available at: kremlin.ru/events/president/news/68669.

4. Frenkel’ A.A., Tikhomirov B.I., Surkov A.A. 2021: stagflyatsiya ili tekhnologicheskii suverenitet — inogo ne dano! [2021: Stagflation or Technological Sovereignty — No Other Choice!]. Ekonomicheskie strategii, 2022, no 2, pp. 86–91, DOI: 10.33917/es-2.182.2022.86-91.

Fisheries and Aquaculture Development in West Africa: an Opportunity for Russia?

DOI: https://doi.org/10.33917/es-4.184.2022.100-105

The Gulf of Guinea is one of the most productive fishing areas in the ocean, which has attracted the attention of many external actors. The article considers the feasibility of cooperation between Russia and the member countries of the Fisheries Committee for the West Central Gulf of Guinea (FCWC) in the field of fisheries and aquaculture, as today Russian companies operate mainly to the north, in the waters of Morocco and Mauritania. The results of the analysis of the FCWC 2021-2030 Strategic Action Plan reveal the directions of maritime activities in the countries, the nature of external donors’ participation in the implementation of the project and the possibility of Russia’s inclusion. A conclusion is made about the prospects of russian investments in the development of fisheries and aquaculture in the region.

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Investment Attractiveness of the Russian Energy Sector for Foreign Investors: Assessment and Recommendations

DOI: https://doi.org/10.33917/es-4.184.2022.106-112

The article analyses the investment attractiveness of the Russian energy sector for foreign investors. Analysis is based on such indicators as the volume of energy resources’ production and export as well as their dynamics, foreign direct investment in the country’s energy industry, portfolio investment in the “green” energy industry. The author draws up a conclusion that despite the exports decrease in the main types of energy resources (oil, gas, coal, energy) over the past few years (2020–2021), Russia continues to play a leading role in the global fuel and energy complex, the volume of foreign direct investment in industry is steadily growing, the “green” energy industry is actively developing. The author also dwells on the difficulties that foreign investors have to face when investing in the Russian energy sector. The present study results in identifying the main directions for improving investment attractiveness of the Russian energy sector for potential foreign investors.

Источники:

1. Lizikova M. Nuclear energy prospects and legal challenges towards achieving sustainable development goals. E3S Web of Conferences, 2020, no 1, p. 02009.

2. Baisaeva M.U. Rol’ i znachenie inostrannykh investitsii v Rossii [Role and Importance of Foreign Investments in Russia]. Ekonomist”, 2020, no 1, pp. 80–82.

3. Vypkhanova G.V., Zhavoronkova N.G. Innovatsii v energetike — organizatsionno-pravovye aspekty [Innovations in the Energy Sector — Organizational and Legal Aspects]. Aktualnye problemy rossiiskogo prava, 2021, vol. 16, no 1 (122), pp. 189–203.

4. Tsentral’nyi bank Rossiiskoi Federatsii [Central Bank of the Russian Federation], available at: https://www.cbr.ru/

5. Obzor energetiki stran BRIKS [Overview of the BRICS Countries Energy]. Sammit BRICS, 2020, November, 17, available at: https://brics-russia2020.ru/images/114/89/1148936.pdf.

6. Balafas V., Fakiolas E.T. From energy security to energy dominance: US’ blending of politics and economics. Strategic Analysis, 2020, no 44 (2), pp. 91–105.

7. Inevatova O.A., Matushkin E.F. Problemy i perspektivy ispol’zovaniya kapital’nykh vlozhenii v energetike [Problems and Prospects of Using Capital Investments in the Energy Industry]. Tendentsii razvitiya nauki i obrazovaniya, 2021, no 69-2, pp. 21–24.

8. Nagimova A. Arabskie investitsii v rossiiskuyu infrastrukturu [Arab Investments in Russian Infrastructure]. Mirovaya ekonomika i mezhdunarodnye otnosheniya, 2020, vol. 64, no 3, pp. 80–87.

9. Eksport Rossiiskoi Federatsiei prirodnogo gaza (po dannym FTS i Rosstat) [Export of Natural Gas by the Russian Federation (According to the Federal Customs Service and Rosstat)]. Tsentral’nyi bank RF, available at: https://cbr.ru/vfs/statistics/credit_statistics/trade/gas.xls.

10. Ministerstvo energetiki Rossiiskoi Federatsii [Ministry of Energy of the Russian Federation], available at: https://minenergo.gov.ru/

11. Pryamye investitsii po sektoram ekonomiki [Direct Investments by Sectors of the Economy]. Tsentral’nyi bank RF, available at: https://cbr.ru/statistics/macro_itm/svs/