Russian knowledge-intensive services in international trade
This paper reviews the share of the Russian sector of knowledge-intensive services in the global market. The dynamics, structure, and geography of import–export operations in this sector is analyzed. The effectiveness of measures aimed at incentivizing the Russian export of knowledge-intensive services is assessed from the perspective of foreign trade institutions and tax mechanisms.
The globalization of services plays an important role in the general process of the globalization of science, technology and innovation. Liberalization and advances in information and communication technologies has transformed knowledge-intensive services - not simply improving their trade prospects, but altering how industrial activities are conducted, integrating services and goods and contributing to the unbundling of services activities, their outsourcing and offshoring. These processes allow multiple points of entry for new types of organization, including the expansion of new knowledge-intensive service activities and the development of new international service suppliers. This has implications both for innovations in these activities, and for their role in contributing to innovation systems around the world
The paper suggests the econometric analysis of determinants of demand for and supply of personalized financial services in Russia. The study is based on surveys of providers and business customers of financial services that were conducted by Institute of Statistical Studies and Economics on Knowledge of NRU HSE together with ROMIR research company in 2007–2013. Empirical models support the hypothesis about domination of standardized financial services supply at Russian market. Their providers, though highly innovative in general, tend to generate replicable financial innovations. Russian customers thus have but limited experience with customized financial services. Nevertheless as far as they use services more intensively, their demand for personalized solutions increases. Within this framework Russian financial companies should prepare for meeting the increscent quality competition by diversification of standardized services in the short run and by personalization of services in the medium run.