The Kyrgyz Republic became the fifth member of the Eurasian Economic Union (EAEU) on August 12, 2015. In order to become a “full” member this country at a certain degree had to harmonize and change its legislation in accordance with the basic provisions of the Union legal acts.
The article determines and systematizes concordance of national technical regulations and EAEU (Customs Union) technical regulations. The research focuses on non-tariff measures (NTMs) applied by the Kyrgyz Republic in light of the Eurasian economic integration.
UNCTAD’s database (TRAINS/WITS database) was used in order to analyze national NTMs. In total 218 actively applied NTMs were analyzed. Most of them are import-related technical measures (Sanitary and phytosanitary measures – SPS, and Technical barriers to trade - TBT) and export-related (technical and licensing/authorization) measures. In addition to composition of the Kyrgyz national NTMs, author revealed their correspondence to main principles of the World Trade Organization (WTO): most-favored nation and national treatment clause.
Thus our research revealed that measures which are viewed as barriers may not only hinder the trade of the Kyrgyz Republic with the third countries, but also may slow down the integration processes within the EAEU. The research on this matter can be further developed.
The article is devoted to the analysis of the effects of Russian sanctions implemented against Western countries on the welfare of Russian consumers. It is assumed that import substitution policy based on product embargo may be beneficial for uncompetitive producers, and may be unfavorable for those producers, that use foreign products to produce final goods. Using the ARIMAX model to assess the price dynamics of Russian goods analogous to banned foreign products in the period from August to December 2015 the authors come to the conclusion that Russian product embargo led to the increased growth rates of domestic prices.
Many researchers believe that enterprise knowledge today is the key resource to ensure the effectiveness of the firm. However, the empirical investigations of practical usage of management tools show that knowledge management meets the expectations much less frequently than other technologies. The hypothesis that value of accumulated enterprise knowledge is materialized in the form of changes in internal systems and external environment is proposed here on base of theoretical analysis. Therefore, change management is a complementary activity to the knowledge management, only joint development of these two management disciplines can provide the greatest effectiveness. This hypothesis is confirmed by structural equation model on base of empirical survey of Russian organizations.
In modern economic literature one can find quite a lot of publications, devoted to the innovative development of clusters and the processes of integration into global value chains (GVC). However, it remains outside the field of view of scientists remain features and mechanisms of interaction of these two structures. Do they support each other? Interchangeable do they? How do they contribute to the competitiveness of the participating firms and countries? These are just a few of those issues to which this article is written. The study revealed that the efficiency of incorporation into GCCS will strongly depend on the type embedded cluster, and the shape control of the individual links within the chain. In this regard, to explain the processes of interaction between companies suggests an institutional approach, where a special place is occupied by questions of moral hazard in the context of multiple goals, the effect of gauge, as well as developing long-term relational contracts between agents. Thus, through an integrated consideration of the motives of global suppliers and buyers, are a few recommendations on the use of clusters and GVC to sustain the competitiveness of countries.
In the article the special features of globalization in present time are examined. It is shown that the period of serious structural changes in the economic, political, ideological spheres as a result of the completion of an extensive increase in the world economy began. The prospects of Russia under the conditions of the contemporary «epoch of changes» are examined.
In this paper we analyze the impact of financial and non-financial performance of Russian companies on the likelihood of corporate fraud. By constructing a regression model it was proven that the main factor indicating the presence of fraud in the company is an increase of the relationship between Sales General and Administration costs and amount of sales. The results of the study can be used as a basis for development of a methodology to identify and prevent fraud.
The role of the services sector in the global economy has been growing in recent decades. The increase of the importance of foreign direct investment (FDI) for the cross-border sale of many types of services based on the organization of production in foreign markets took place either. The services sector accounts for about 60% of all accumulated foreign direct investment. The internationalization of services reflects both the growth of trade, the development of global value chains, and the expansion of cross-border capital flows. Russian services sector requires a more active policy to attract investment also. Foreign capital attraction in the Russian services sector should shift towards knowledge-intensive services. At the same time, foreign direct investment should be viewed as a source of funding and as a means of obtaining technology and management experience. The current economic situation requires the implementation of a systematic approach to the regulation of foreign investment in the services sector.
The impact of global liquidity on the East Asia's financial systems, shows the need for the right combination of micro- and macroprudential regulation tools. In the context of growing interdependence of the economies of different countries cross-border financial flows quickly convert financial difficulties of one country in the global financial crisis. All the more difficult it becomes to restore the balance with the help of domestic economic policy. Thus, monetary aggregates are no longer the exclusive tools for implementing monetary policy.
The increasing importance of acquiring tools that regulate not the money supply as a whole, aimed at regulating the condition of the assets that determine the ending state of the financial system. Mikroprudentsialnye tools focused on the regulation of bank capital and macroprudential tools aimed at regulating banking liabilities and assets are an essential complement to the traditional monetary policy. They allow us to solve the problem of structural imbalances in the banking sector, and are also effective in reducing the perception of financial systems to external influences, increasing their financial stability.
The authors critically assess the implementation of the labour legislation concerning dismissal due to expiry of fixed-term contract. An employer has failed to follow procedures, but a court did not recognize unfair dismissal. The researchers propose solutions for restoration of an employee’s right.
The article discusses the theoretical basis of kanban, described the key points of Russian and foreign experts on the implementation of kanban in production. The author highlighted the main features, types and functions for kanban implementation. In the article the main calculation formulas of the kanban are systematized, shown combined calculation procedure of the kanban in production activity. The author formulated the conclusion that kanban provides ample opportunities of realization of calculation methods for a more efficient use of production capacity of companies.
In the article the description of the mathematical model, intended for the simulation of the macroeconomic dynamics of the developing countries taking into account foreign trade interactions, is given. Are represented the results of the forecast calculations of the macroeconomic parameters of some developing countries with different scenic conditions.
This article analyzes implementation of the tax benefits in Russia on the example of the corporate property tax. The authors suggest their own definition of the notion «tax benefits» and show its advantages. The article demonstrates that the corporate property tax benefits are not used efficiently to achieve particular economic goals. It reasons for the limitation of the tax benefits for not more than 5 years.
Are examined the problems of the study of the processes of sociopolitical destabilization, which lead to «color-ed» revolutions. Is proposed the systematic approach to the analysis of these processes, oriented to the use of mathematical simulation of the stability of social systems.
Revealed a discrepancy between the thesis of the neoclassical economic theory about minimizing the role of the state and the real economic policies in developed countries. Identified factors that determine the strengthening of the role of the state in economic development. It is shown that the movement towards sustainable development strengthens the role of the state in economic growth. Considered metaphors and discourses of a sustainable development. Defines the features of the Russian economy transition to sustainable development and the need to increase the share of public expenditure in the period of new industrialization and of the output of the national economy on the path of sustainable development
The article is devoted to a topical theme - the role of integrated marketing communications in improving investment climate in Russia. This paper analzes the key features of attracting foreign capital in Russia on the basis of integrating marketing communications, PR instruments and anti-crisis measures for the settlement of investments climate in Russia.