The "Economic Strategies" journal

2018




Technological Development of the Economy: “Creative Destruction” and Combinatorial Effect

#1. Event Horison
Technological Development of the Economy: “Creative Destruction” and Combinatorial Effect

A strong determinant of modern economic growth from the standpoint of evolutionary economy are new combinations that are considered to be the main generator of technological and institutional changes. However, review and description of economic development on the basis of the principle of “creative destruction” is not satisfactory, since it does not take into account the effects of technologies combination with obtaining a new quality of the economic system in terms of its technological level, affecting the work of specific institutions. Taxonomic approach to describing economic and technological evolution becomes unconvincing, at least insufficient for forming well-founded variants of economic policy of growth and decision-making on managing technological changes. The examples show the influence of the “combinatorial buildup” principle within the observed technological changes, as well as the need to use this principle at the level of both theoretical description of the problem of economic growth and formation of a scientific-technological policy of growth for developed and developing countries.

Exchange Rates: in Search of Strategic Equilibrium

#1. Event Horison
Exchange Rates: in Search of Strategic Equilibrium

As a result of further theoretical development of approaches to modeling equilibrium exchange rates developed a generalized dynamic model based on the concepts of macroeconomic equilibrium and the balance of payments with regard to the mechanism of formation relative international competitive advantage. In the framework proposed by the author concept IFEER withdrawn the final formula of the equilibrium exchange rates depending on the fundamental macroeconomic indicators.

Crypto-Currencies, Markets and Institutions

#1. Event Horison
Crypto-Currencies, Markets and Institutions

Crypto-currency is becoming one of the key factors for competitiveness of major players in national and global monetary and financial markets. Bitcoin has actually become one of the world’s currencies. State regulators’ conceptions about decentralization and autonomy of crypto-currencies create ever greater risks of currency-financial collapses owing to manipulative games and currency attacks of international speculative groups. Real beneficiaries of the crypto-currency volatility, as a rule, remain beyond visibility of the world community. Trends in the development of crypto-currencies as an increasingly important element of the world monetary and financial markets have determined for our country the need to form a mechanism for planning and coordinating the monetary and monetary policy of the EAEU member states with an agreed rate of a single electronic currency, circulation terms and conditions (zones, etc.) applying the principles of forming a transparent and unified organizational structure of financial institutions and markets within the framework of the EAEU.

“International Peace Can be Achieved Only Through Interaction of All Interested Parties…”

#1. Event Horison
“International Peace Can be Achieved Only Through Interaction of All Interested Parties...”

The basic foundation for successful development of our country is the Russians’ desire to live in peace and harmony, good-neighborliness and harmony. We, the population of Russia, of different ages and nationalities, beliefs and creeds, representing different social groups, are the people with common roots and common future. “Neither geopolitical pressure nor sanctions have been able to shake the unity of the Russian people, its striving for truth and justice. It is obvious that the unity of the Russian civil nation is not a myth, but a reality”, said the Doctor of Economic Sciences, Professor Aslambek Baskluyevich Paskachev, member of the Presidium of the Presidential Council for Interethnic Relations, chairman of the Commission of the said Council on Migration Issues and Social-cultural adaptation of foreign citizens, director of the ANO “Institute of Migration and Interethnic Relations”, chairman of the Supreme Council of the “Russian Congress of the Caucasus Peoples”, member of the Central Staff of the All-Russia People’s Front in his interview with the “ES” magazine. This important conversation about achievements in the sphere of interethnic relations, about peculiarities of the national and migration policy in modern Russia, about responsibility of each of us for the future of our common homeland opens a series of interviews within the framework of the partner support of the project “Actualizing the heritage of Russian integration of peoples and cultures in the format of modern Russia’s “soft power” in the Eurasian space”.

Prospects for Forming New Global Value Added Chains on the Basis of Cooperation Between Scientific-Industrial Complexes of Russia and Belarus

#1. Event Horison
Prospects for Forming New Global Value Added Chains on the Basis of Cooperation Between Scientific-Industrial Complexes of Russia and Belarus

Global Value Chains (GVCs) are currently the main theoretical concept for analyzing globalization processes in the sphere of industrial production and the object for perfecting the foreign economic policy of each country. Traditions and schools of studying GVCs, that have developed in the world community, can be divided into macrostructural, united under the general title of “internationalism”, and cluster ones, that are forming the “industrialism” trend. Referring to the problem of Russian-Belarusian industrial cooperation in the course of neoindustrialization and formation of new GVCs, macrostructural approach turns out to be completely unproductive for a number of reasons, therefore the authors of the article, considering the programs of Russian-Belarusian cooperation, follow the cluster approach.

Impact of Post-Industrial Processes on the World Power Engineering and CO2 Emissions

#1. Event Horison
Impact of Post-Industrial Processes on the World Power Engineering and CO2 Emissions

Transition to the postindustrial phase of the economic development is characterized by saturation in dependence of energy consumption from economic growth. Maximum of global energy use equal to 25–30 G toe and twofold of the current level is expected in the middle of the century. Perspectives of CO2 emission limitation by the level determined by the UN Paris climate agreement are analyzed by transformation of global energy sources.

History of Energy Prices

#1. Event Horison
History of Energy Prices

In this article long-term trends of the energy market are viewed not from the point of view of supply and demand balance, as it is usually done, but exclusively analyzing quotations. Particular attention is paid to coal prices, which have been traced since 1834. The main conclusion is that there isn’t any shortage of raw materials on the planet, and the tendency of refusing mineral fuel in favor of renewable sources, if it is manifested in quotations — it will happen only in several decades. Much more important for price dynamics are big cycles of the business situation, on the basis of which a long-term forecast is made.

Adaptability of the High-Tech Complex to Digital Challenges

#1. Event Horison
Adaptability of the High-Tech Complex to Digital Challenges

The plan of measures on implementing the program “Digital Economy of the Russian Federation” in the direction “Formation of research competencies and technological reserves” provides in 2018 elaboration of methodological approaches to development and implementation of strategies for digital transformation of enterprises. The world practice has accumulated an interesting, diverse experience of digital transformation, but Russia’s leadership potential in the world digital competition can be formed solely by developing independent, breakthrough approaches that will allow Russian industry not only to adopt successful experience of foreign partners, but also to put forward its competitive solutions and digital transformation tools. The proposed methodology for studying adaptability of Russia’s high-tech complex to realities of the digital economy can make a worthy contribution to forming competencies in the digital transformation of high-tech enterprises. The authors hope for an active and constructive dialogue with a wide range of experts in the interests of development and further improvement of this approach.

Program for Identifying Leaders in Holding Structures

#1. Event Horison
Program for Identifying Leaders in Holding Structures

Methodology and program for identifying leaders of labor collectives in big production structures was developed. Its approbation was carried out within the framework of «Concern VKO “Almaz-Antey”». Analysis of the obtained results is presented.