Современные международные экономические отношения в эпоху постбиполярности: монография / Т.М.Исаченко, Л.С.Ревенко, И.Н.Платонова [и др.]
Regression, cluster and component analysis of economic globalization of several developed economies is conducted with the purpose to find out the level of international trade globalization. 4 clusters on the basis of trade balance in goods, trade balance in services, FDI are found out.
The article gives grounds for necessity of interconnection of economic development and environmental protection. Elimination of conflict between economic development and environmental protection is possible on the basis of ecologization of international economic relations, meaning substitution of anthropocentric approach for ecocentric approach to the sustainable development.
Evolution of the concept of sustainable development clearly shows that today economic development is not limited bу the level of scientific and technological progress but by the state of environment. We are facing empowerment of environmental component of the concept of sustainable development comparing to its economic component. Principle of sustainable development has been formed as principle of international law. The author argues that principle of sustainable development is inter-branch principle of international environmental and international economic law.
Many liberal IR theorists argue that the spread of liberal capitalism has a civilizing influence on international relations because it decreases the role and importance of the state in the economy. Commercial relations between individuals and private enterprises based on market principles replace power based relations between states The pursuit of power advantage over other states, which has been the guiding principle of state policy for centuries, becomes an anachronism and is replaced by the pursuit of integration into the larger global economy. States are more willingness to participate in institutions because they establish rules of the game that make economic cooperation run more smoothly. The article questions the logic of this argument. Economic integration and global free trade are opening up new areas of competition between states, as Russia and other rising powers compete with the developed states of the West to attain the most profitable parts of the global marketplace. As a result, rising states are adopting neo-mercantalist policies that seek to increase their power advantages over other states. Like the 17th and 18th Century mercantilists described by Jacob Viner decades ago in his seminal essay “Power and Plenty”, they do not see a tradeoff between the pursuit of state power and economic prosperity but see these as mutually reinforcing goals. Economic integration and global free trade are opening up new areas of competition between states, as Russia and other rising powers compete with the developed states of the West to attain the most profitable parts of the global marketplace. States adopt a range of neo-mercantilist strategies in order to ensure that they are the ones that benefit most from the open world economy. Economic concerns may be taking priority over security concerns, as the prospects of military confrontation between states may have greatly diminished because economic integration makes it prohibitively costly. But states continue to be preoccupied with improving their power relative to other states because they see the pursuit of relative power advantages as being key to advancing their economic goals and securing prosperity for their countries.
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.