СТРУКТУРНЫЕ ИЗМЕНЕНИЯ В РОССИЙСКОЙ ЭКОНОМИКЕ И СТРУКТУРНАЯ ПОЛИТИКА
The various aspects of the relationship between Russia and the United States, Russia and countries of the European Union in the context of the Syrian crisis are analyzed. The role of international institutions (UN, NATO, EU) in conflict transformation process examined. Particular attention is paid to the prospects of cooperation between Russia and the West to repel the threat posed by the ISIL.
Advanced currency risk management as an integral part of the enterprise risk management system can deliver the best options for the corporate policy and free capital allocation in the money market, thus it can significantly improve the overall corporate efficiency in high-tech enterprises.
In the current climate of sanctions imposed against Russia by several countries in 2014, special attention should be given to high-tech sectors of the economy as a key source of import substitution on the domestic market. One of the important policy measures is to support the development of high-tech, specialized clusters by forming new linkages and strengthening existing ones between small and medium-sized businesses, large enterprises, and research organizations. The starting point for an effective cluster policy is to define areas with high potential for clustering of these industries. The paper presents an original method to identify potential clusters and tests the method on Russian regions. We show that most of the state-supported pilot innovative territorial clusters are being developed in regions and sectors that have a high level of cluster potential. A typology of existing clusters depends on the index of clustering potential. We identified regions that have similar or comparatively favourable conditions for creating clusters in the pilot sectors.
The Russian economy has been booming over the past decade and flexed its muscles in the international political and economic arena. But how strong is the Russian economy really? Is it mainly based on the revenues of gas and oil exports? Or is it the result of major changes in the structure and productivity in the economy since the breakdown of the communist system? To what extent will these changes be mainly transitory, reflecting the shift from a planned economy towards a free market environment, or permanent? In this article we compare the pattern of economic growth in Russia in the past decades with that of other economic regions in the world economy and argue that some features of sustainable growth have appeared in the last decade. The current crisis will be a major test of the resilience of the Russian economy.
Purpose: The regional economy depends on the structure of industrial production which has been established earlier. This study makes it possible to determine the hi-tech spheres in which the entrepreneurship is going to develop more successfully. The purpose of the investigation is to determine the technological proximity of the industrial production branches with the high-tech economy sector for further defining the egress from the previous development path.
Methodology: In order to determine possible egress of the region from the previous development trajectory there has been proposed a method of proximity evaluation between the high-tech sector and the existing structure of industrial production in the region. The characteristics of high technologies relatedness to other industry branches in the Russian regions have been defined.
Findings: For the Russian regions it was determined that less than 30% of sub-branches can be considered as connected with the high technology sector - 25%. The regions having the comparative advantages in the high-tech types of industry and sectors related thereto have been revealed. We have demonstrated that individual regions can progress through investment into interregional connections and entrepreneurship domestic innovations.
Research/practical implications: Considered as the investigatory contribution of the paper can be the alternative proposed to the comparative advantage index in the form of a localization coefficient to be used at evaluation of the technological proximity of industrial branches. The results of this study can be of benefit to representatives of the regional managerial bodies in the course of the economic policy development in the sphere of entrepreneurship.
Originality/value: Proposed in the article is a method for evaluation of technological proximity of industry branches which differs from the traditional use of the localization coefficient. The calculated proximity indexes make it possible to determine such high-tech industries to the development of which there are the necessary prerequisites in the region, i.e. the technologically similar industrial production is under development.
The post-Cold War Arctic has seen a transformation from military tension and a focus on national security to a concern for environmental and human security. As a result of this, the globalized Arctic has a high level of peace and stability, maintained by international cooperation between the Arctic states, northern indigenous peoples, sub-national governments and local actors. There has also been a shift from environmental protection to economic activities and, consequently, states easily trump other interests. Now, in the Arctic, these challenges require fresh thinking on a local and global scale. Regional wars, the 'war on terror', and economic crises have posed new threats to Northern security order.
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.