Russia's Far North. The Contested Energy Frontier
The Russian Far North is immensely rich in resources, both energy and other resources, and is also one of the least developed regions of Russia. This book presents a comprehensive overview of the region. It examines resource issues and the related environmental problems, considers the Arctic and the problems of sea routes, maritime boundaries and military build-up, assesses economic development, and considers the ethnic peoples of the region and also cultural and artistic subjects. Overall, the book provides a rich appraisal of how the region is likely to develop in future.
The work examines Russia's quest for sovereignty in the Arctic region in the 21st Century. This includes the renewed territorial disputes for the greater Arctic basin, plans for hydrocarbon exploration and new Russian military bases, as well as for the reopening of the intercontinental Northern Sea Route in the conditions of global warming. However, the chapter argues, many of these plans are vain, underresourced and economically unviable. Their value lies in the symbolic sphere of representing Russia's greatness, and supportng the ambitions of a resurgent global power -- or rather, in "simulating sovereignty", to use the concept of Cynthia Weber.
The article deals with the interaction of economic and political drivers making China’s maritime activity more and more intense. Basic trends of development in the key spheres of marine economy (i.e., sea ports, transport, shipbuilding, fishing and aquaculture, оffshore oil and gas extraction) are studied in depth. The author argues that the internal disbalances in China’s marine economy lead to its expansion abroad. The dynamics of maritime territorial disputes in the China’s nearest seas is analyzed in details. The article also shows that the maritime sphere has become one of the hot spots in the emerging Sino – US clash of rival interests.
This chapter examines a number of theoretical difficulties related to the implementation, in Russia, of the decisions and awards of foreign courts and arbitral tribunals. Along with the normative conditions for recognizing and enforcing foreign decisions, the author draws attention to the educational background of legal professionals—especially judges—in Russia. It is suggested that the statist conception of law inherited from Soviet legal scholarship implicitly leads to the contemporary Russian legal doctrine of negating the obligatory force of decisions from foreign courts. In the opinion of the author, the core of this conception resides in the traditional concept of sovereignty, which excludes the direct effect of legal acts made by foreign states, private arbitration tribunals, and international organizations. Nevertheless, there have been signs of a change in the attitude of the Russian judiciary in several key rulings by commercial courts. The author concludes that one now can observe seeing tendencies indicative of the development of a different concept of law in the mentality of legal professionals in Russia.
The chapter explores the foreign policy priorities of China and Russia with regard to the following sub-questions: Are China and Russia driven by ideology or by pragmatism? How much weight does ‘hard power’ carry versus ‘soft power’ in the strategic policy formulation of both countries? How do they strive to uphold their insistence on respect for sovereignty while their economic power increasingly relies on international interdependence?
Importance and Methods Article is devoted to revealing the author's approach and methodological tools to measure sustainable development of industrial enterprises. Proposed combination of static and dynamic approach significantly expands the possibilities of methodical evaluation, allowing more deep justification of the pattern of management solutions on sustainable development of industrial enterprise.
Results The article presents the results of testing the author's methodological tools on the example of three industrial enterprises of Perm. The authors calculated the individual indicators of sustainable development at the economic, environmental and social spheres, and then defined their static reference values, and then, in dynamics, calculated the rate of change and built dynamic standards with their use. Then the calculation was made on group static and dynamic indicators for each area and integrated static and dynamic indices. Combining static and dynamic evaluations allowed displaying the pattern of each company’s position in the matrix of complex evaluation of the level of sustainable development of industrial enterprise.
Conclusions The research has shown that the positions of the analyzed companies are concentrated in the quadrant of the matrix, which is characterized by a balanced tempo characteristics in dynamics, it also revealed discrepancies between the actual values of indicators and their normative (or recommended) values in static. To overcome the situation, management decisions need to be made to improve the indicator values, to bring them to the normative level, while maintaining balanced tempo characteristics of the indicators over time. Each of the investigated companies has been proposed a number of practical recommendations, briefly reflected in the present article.
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.