The Economic Attack on Russia and the Policy of Counteraction

DOI: https://doi.org/10.33917/es-2.182.2022.40-47

The purpose of the study is to show the patterns of the deployment of an economic attack on Russia. The research methodology is a comparative and retrospective analysis, elements of a structural approach. In the course of the analysis, a result was obtained that boils down to the fact that the current model of the world economy with a high level of integration and dependence of the economy poses a threat to the national security of the country. Economic warfare is carried out through damaging sanctions. Good conditions for it were created by the liberal economic policy pursued in Russia, which held back growth. Moreover, such outcomes are typical not only for economic activity, but also for the functioning of science and education — “invisible” sanctions, which creates a long-term perspective of dependent and driven development. It is necessary to ensure control over the distribution of property owners in the domestic market, planning procedures that are reduced to the establishment of thresholds in the field of imports, exports in various areas of activity, as well as the admission of foreign resources and institutional rules to the domestic market. With the implementation of such an institutional policy, sanctions would cause much less damage or their negative effect would be absent. Today, it is necessary to resist the economic attack by maximizing the withdrawal of assets from the dollar denomination, pursuing an anti-devaluation policy, cutting off the banking system from the speculative depreciation game, and intensifying efforts to replace imports in each industry. It is required to close the contours of production to the domestic market with the re-profiling of production, practicing the seizure of foreign property as a response to similar external actions. Such actions require a systematic state policy in all areas of coordination of industries and activities.

Источники:

 

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Local Currency Settlement Between China and Russia in the Post-Covid-19 Era: Current State, Challenges and Solutions. Part I

DOI: 10.33917/es-8.174.2020.6-15

The research was prepared for the scientific project № 18-010-00500 that is referred to as “Challenges Russia facing with in the light of the new Integrated world economic system formation and transition from the Industrial society of the XXth century to the Information society of the XXIst century” and supported by the Russian Foundation for Basic Research. The paper is devoted to the actual issues of de-dollarization in global and cross-country relations (on the example of China-Russia ones). The main goal of the research is to identify the challenges and threats for RMB and ruble usage and work out the instruments and mechanisms to stimulate de-dollarization processes in the Eurasian region and worldwide. Firstly, we determine the key negative factors influencing word financial and economic system development and increasing the turbulence within it. Secondly, the history of local currency settlement (LCS) between China and Russia was accurately analyzed and divided into phases. Thirdly, we addressed the processes preventing its successful development (these tasks were solved in part 1 of the work). Finally, we offered the practical solutions to intensify the LCS between China and Russia and facilitate the building of new world economic order (part 2).

“Long Waves” in the Economy and the RF Currency Market

#7. Connected Space
“Long Waves” in the Economy and the RF Currency Market

The article dwells on actual problems — increase in the volatility of the ruble exchange rate and its depreciation in 2018. At the same time, it is assumed that dynamics of the ruble exchange rate in general reflects the underlying economic processes (including abroad). Before the economic crisis that began in 2008, the ruble exchange rate for many years was mainly strengthening, and its volatility was relatively low. The situation has changed because the economies of a number of countries (in particular, Russia) have entered into a long, difficult period. So, for about a decade, the Russian economy has been showing slow growth. At the same time, the ruble exchange rate tends to depreciate. This allows the authors to assume that dynamics of the ruble exchange rate, which passed from a long upward to a downward stage about ten years ago, may be associated with a similar transition of the economy of Russia and some other countries to a downward stage (in N.D. Kondratieff terminology). The article analyzes a number of approaches to the problems of “long waves” in the economy and a conclusion is drawn up on the necessity to develop the RF monetary strategy (taking into account long-term macroeconomic processes).

Exchange Rates: in Search of Strategic Equilibrium

#1. Event Horison
Exchange Rates: in Search of Strategic Equilibrium

As a result of further theoretical development of approaches to modeling equilibrium exchange rates developed a generalized dynamic model based on the concepts of macroeconomic equilibrium and the balance of payments with regard to the mechanism of formation relative international competitive advantage. In the framework proposed by the author concept IFEER withdrawn the final formula of the equilibrium exchange rates depending on the fundamental macroeconomic indicators.

Strategic Directions of the Russian Economy Monetary Regulation

#5. To Understand. To Prevent. To Overcome
Strategic Directions of the Russian Economy Monetary Regulation

The article deals with strategic directions of development of the Russian economy monetary regulation based on the current state of the Bank of Russia monetary policy, paradoxes of modern economic theory, analysis of new global trends in the money and capital markets, as well as the priority areas of the Russian financial market development and its financial infrastructure, tools and products.

The Crisis of the Russian Economy Development Trend Persists

#5. To Understand. To Prevent. To Overcome
The Crisis of the Russian Economy Development Trend Persists

Changing of a conjuncture index of “Economic strategy” (CIES) for the january–april 2016 is considered. The contribution of indicators of supply and demand in CIES is estimated. The analysis of industrial production is carried out.

Reform of Yuan Exchange Rate

#1. Choice of Identity
Reform of Yuan Exchange Rate

The article deals with the reform of the RMB (Yuan) exchange rate, determines its steps and main guidelines, gives analysis of the corresponding legal and institutional changes. The reform of RMB exchange rate represents a unique experience of structural changes in the economy, particularly during the financial crisis. Today we are witnessing the Yuan progressive strengthening in the global economy. The author concludes that strategic goal of the reform is progressive transition of the Yuan to free convertibility and its acquiring the status of the world reserve currency.