The paper considers the principle tasks, priorities, trends, and sources of modernizing the Russian socio-economic system and its real sector. We show the peculiarities of modernization of the spatial structure of the economy; dynamics and efficiency of some economic activities; and the fact that peculiarities of regional economic systems such as the state and structure of fixed assets, sectoral production structure, and receptivity to innovations are the important factors of the modernization. We also describe the different approaches to regional policy aimed at modernization, and display a necessity to have a balanced regional policy.
The article analyses the differences in demographic dynamics for settlements and areas of different types viewed from the perspective of the center-periphery conception. The author veries the hypothesis that in modern conditions the concentration of the population increases in regional centers and adjacent areas, the regional dynamics of the population in certain administrative and territory units is as strong as the interregional one. The periphery territories of different regions have fewer differences compared with regional centers. This factor forms the interregional socioeconomic differentiation. The article also provides the dynamics of the
population in cities, towns and rural areas depending on their remoteness from the regional center.
This article analyzes the political reasons for Russia's failure to define and implement a coherent regional policy during the 2000s. Combining Jonh Kingdon's "multiple framework" and empirical evidence from Russian regional policy, I conclude that the failure resulted from the inability and administratively and politically weak reformers to resist top officials who consider regional development a secondary priority and pressure groups that are interested in the maintaining the status quo.
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.