Посредник: не то, о чем Вы подумали. Уроки для экономической политики.
This study illustrates the dangers of incorrect use of terminology when classifying commercial practice. The focus of the research is the term “intermediary” associated with a fairly narrow functionality of the relevant company and even negative economic and social effects. The use of this term in antitrust investigations without conducting analysis of economic activity of the entity may result in erroneous normative conclusions. The study is based on the results of theoretical studies in the field of the New institutional economics and Project management. In this article the authors analyze the range of issues that are in the area of responsibility of the organization-manager of a complex capital-intensive project. The analysis illustrates that qualification of any commercial practice without making deep economic analysis and basing just on the terminology associated with negative socio-economic effects, is hazardous as it may lead to erroneous normative conclusions.
The author attempts to compare various models of political systems based not on GDP but on Human Development Index which to a greater extent demonstrates that political system correlate with political culture and traditions of a given country.
This book explores the emergence, and in Poland, Hungary, and Russia the coming to power, of politicians and political parties rejecting the consensus around market reforms, democratization, and rule of law that has characterized moves toward an "open society" from the 1990s. It discusses how over the last decade these political actors, together with various think tanks, intellectual circles, and religious actors, have increasingly presented themselves as "conservatives," and outlines how these actors are developing a new local brand of conservatism as a full-fledged ideology that counters the perceived liberal overemphasis on individual rights and freedom, and differs from the ideology of the established, present-day conservative parties of Western Europe. Overall, the book argues that the "renaissance of conservatism" in these countries represents variations on a new, illiberal conservatism that aims to re-establish a strong state sovereignty defining and pursuing a national path of development.
On the basis of in-depth case studies of four Russian regions, Kirov and Voronezh oblasts and Krasnoyarsk and Perm' krais, the trade-offs among social and economic policy at the regional level in Russia are examined. All four regional governments seek to develop entrepreneurship while preserving social welfare obligations and improving compensation in the public sector. Richer regions have a greater ability to reconcile social commitments with the promotion of business. Regions differ in their development strategies, some placing greater emphasis on indigenous business development and others seeking to attract federal or foreign investment. Governors have considerable discretion in choosing their strategy so long as they meet basic performance demands set by the federal government such as ensuring good results for the United Russia party. In all four regions, governments consult actively with local business associations whereas organized labor is weak. However, the absence of effective institutions to enforce commitments undertaken by government and its social partners undermines regional capacity to use social policy as a basis for long-term economic development.
Russia after the Global Economic Crisis examines this important country after the financial crisis of 2007–09. The second book from The Russia Balance Sheet Project, a collaboration of two of the world's preeminent research institutions, the Peterson Institute for International Economics and the Center for Strategic and International Studies (CSIS), not only assesses Russia's international and domestic policy challenges but also provides an all-encompassing review of this important country's foreign and domestic issues. The authors consider foreign policy, Russia and it neighbors, climate change, Russia's role in the world, domestic politics, and corruption.
On the basis of specially conducted sociological research authors consider a role of business associations of different level in national economy. The special place occupies the analysis of value of business associations in modernization of Russia.
The chapter in a monograph gives an insight into the key problems and most recent tendencies of the law and practice of mediation in Russia. Russia already has detailed federal legislation governing mediation. Also, mediation has been practised in Russia for years, even when such legislation was not in force. Furthermore, Russian law governing mediation is in rapid development. Thus current Russian experience can be of interest to legislators and practitioners from many countries which also face problems with case overload in the state courts.
The chapter explores the structural change in Russian economy during the last 20 years since the beginning of transition from planned to market economy. We focus the study on the role and place of manufacturing industry in generation of jobs and incomes and on major internal and external factors responsible for those changes using mostly official data from the national statistical agency. We show that in general this period can be described as a period of deindustrialization and the share of manufacturing has been diminishing both in terms of its input in GDP and, in particular, in providing employment and incomes. We describe how various combinations of economic and political factors determined the manufacturing industry development at different sub-periods and argue that the domineering process was the passive adjustment of Russian enterprises to global competition by cutting down inefficient job-places and production lines. While this restructuring was accompanied by significant growth of labour productivity the rates of technological modernization were insufficient to increase competitiveness of majority of firms and to increase and diversify Russian manufacturing export due mostly to inefficient state policy for creating a favourable investment climate and to attract domestic and foreign direct investments to Russian manufacturing sector.
Russia, industrialization, manufacturing, economic policy, institutional development
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.
The paper studies a problem of optimal insurer’s choice of a risk-sharing policy in a dynamic risk model, so-called Cramer-Lundberg process, over infinite time interval. Additional constraints are imposed on residual risks of insureds: on mean value or with probability one. An optimal control problem of minimizing a functional of the form of variation coefficient is solved. We show that: in the first case the optimum is achieved at stop loss insurance policies, in the second case the optimal insurance is a combination of stop loss and deductible policies. It is proved that the obtained results can be easily applied to problems with other optimization criteria: maximization of long-run utility and minimization of probability of a deviation from mean trajectory.