Problems of countering threats to Russia’s financial security in the context of the transformation of the monopolar world order

DOI: 10.33917/mic-2.115.2024.81-91

The article deals with the current problems of Russia’s successful advancement into the future and its gaining a leading position on the world stage. The solution to these problems is based on increasing the effectiveness of countering threats to financial security and financial sovereignty of the country through the introduction into practice of the activities of interested public authorities of the latest achievements of scientific and technological progress.

References:

1. Abalkin L.I. Russia’s strategic response to the challenges of the new century. Moscow: Exam, 2004.

2. Agapova T.N., Anishchenko E.V. On the new paradigm of the development of the world economy and its reflection in theoretical ideas about the sustainability of ensuring economic security in Russia. Problems of economics and legal practice. 2019;15(5):42–47. (In Russ.).

3. Anishchenko E.V. Russia’s security in the context of socio-economic reforms. Financial analytics. 2014;14(200). (In Russ.).

4. Dumnaya N.N. The global crisis: systemic risks of financial markets [Electronic resource]. URL: https://cyberleninka.ru/article/n/mirovoy-krizis-sistemnye-riski-finansovyh-rynkov/viewer

5. Keynes J.M. The general theory of employment, interest and money. Favorites. M.: Eksmo, 2009.

6. Korsuntsev I. Virtual finance. M., 2009.

7. Kupreschenko N.P. The essence and structure of the modern shadow economy (system-conceptual analysis). Bulletin of the Academy of Tax Police. Academy of Tax Police of the Federal Tax Service of Russia. 2003. Issue 3.

8. Putin V.V. Message of the President of the Russian Federation to the Federal Assembly of the Russian Federation, December 12, 2012, Moscow, Kremlin [Electronic resource]. URL: http://news.kremlin.ru/news/17118

9. Decree of the Government of the Russian Federation dated 11/17/2008 No. 1662–r (as amended on 08.08.2009) «On the Concept of long-term socio-economic development of the Russian Federation for the period up to 2020» (together with the «Concept of long-term socio-economic development of the Russian Federation for the period up to 2020»). Collection of Legislation of the Russian Federation, 11/24/2008, No. 47, Article 5489.

10. Decree of the Government of the Russian Federation dated December 8, 2011 No. 2227–r «On the Strategy of Innovative Development of the Russian Federation for the period up to 2020» [Electronic resource]. URL: https://www.garant.ru/

11. Decree of the President of the Russian Federation dated 07/02/2021 No. 400 «On the National Security Strategy of the Russian Federation» [Electronic resource]. URL: http://www.pravo.gov.ru

12. Decree of the President of the Russian Federation dated 05/13/2017 No. 208 «On the Strategy of Economic Security of the Russian Federation for the period up to 2030». Collection of Legislation of the Russian Federation, 05/15/2017, No. 20, Article 2902.

13. Federal Law No. 209–FZ dated July 24, 2007 «On the development of small and medium-sized Enterprises in the Russian Federation». Collection of Legislation of the Russian Federation, 30.07.2007, No. 31, Article 4006.

Combination of Financial Research Methodologies

DOI: https://doi.org/10.33917/es-5.185.2022.132-137

The article analyzes mathematical modeling as a methodology for the study of finance, which today is quite limited and outdated. The directions of the introduction of additional methodology in the field of finance — behavioral science are studied. The behavioral methodology is revealed for: predicting the reaction of investors; considering the general question of how financial markets help the country in allocating resources and ensuring long-term economic stability; contributing to improving the process of making financial and investment decisions. The usefulness of introducing behavioral models into financial science is substantiated, which in combination with mathematical modeling will allow for significant updates in this area.

References:

 

1. Bukhvalov A.V., Okulov V.L. Klassicheskie modeli tsenoobrazovaniya na kapital’nye aktivy i rossiiskii fondovyi rynok. Chast’ 1. Empiricheskaya proverka modeli CAPM [Classic Pricing Models for Capital Assets and the Russian Stock Market. P. 1. Empirical Verification of the CAPM Model]. Nauchnye doklady, 2006, no 36 (R). Saint Petersburg, NII menedzhmenta SPbGU.

2. Semenkova E.V. Operatsii s tsennymi bumagami [Operations with Securities]. Moscow, Poisk, 2005, p. 374.

3. Zaleznik A., Christensen S.R., Roethlisberger F.J. Motivation, Productivity and employee Satisfaction. Boston, Harvard University Graduate School of Business Administration, 1958.

4. Fama E., Miller M.H. Theory of Finance. Hinsdale, Dryden Press, 1972.

5. Simon H.A. Rationality as Process and as Product of Thought. Richard T. Ely Lecture. American Economic Review, May, 1978, vol. 68, N 2, pp. 1–16. American Economic Association, 1978.

6. Herzberg F. Work and Human Nature. New York, World Publishing Co., 1966.

7. Maslow A. Motivation and Personality. New York, Harper & Bros, 1954; 1987.

8. Fourier J.B.J. The Analytical Theory of Heat, quoted in Herbert A. Simon’s book “Human Models”. New York, John Wiley & Sons, Inc., 1957.

9. Filer R., Maytal Sh., Simon J. “Risk Taking and Risk Aversion: A Stock Market Simulation Game”, unpublished paper read at the Eastern Financial Association Spring Meeting. April 21, 1979. Washington, DC.

10. Ash S.E. Opinions and Social Pressure: Readings in Management Psychology. Ed. Harold J. Leavitt and Louis R. Pondy. Chicago, University of Chicago Press, 1964, pp. 304–314.

11. Friedman M., Savage L.J. An Analysis of the Utility of Risk-taking Choices. Journal of Political Economy, August, 1948, pp. 279–304.

Budgeting trends in regional development

DOI: 10.33917/mic-4.105.2022.74-79

The article considers the problems of budgeting development in the sphere of regional management from traditional (estimated) budgeting by costs to the new budgeting, aimed at the results of state structures activity. It is substantiated that the implementation of national and federal projects entails the need for the development, approval and implementation of many projects at different levels of state and municipal administration. It is noted that the transition to the new budgeting will allow to formulate the information base, adequate to the development strategy of the region and the vector of political decisions.

References:

1. Pollitt C., Bouckaert D. Public management reform. A comparative analysis. Oxford University Press, 2004.  p. 90.

2. Wang X. Performance measurement in budgeting: a study of county governments. Public Budgeting and Finance. 2000;(3, Fall):104.

3. Manning, N., Parison, N. Public Administration Reform: International Experience. Moscow: Whole World, 2003. pp. 49-50. (In Russ.).

4. Osborne D., Gaebler T. Reinventing Government: How the Entrepreneurial Spirit is Transforming the Public Sector. Plume. New York, 1992. pp. 117-124, 140-142.

5. Hans de Bruyn. Managing for Results in the Public Sector. Moscow: Institute for Integrated Strategic Studies, 2005. 180 p. (In Russ.).

6. Starodubrovskaya I.V. Result-oriented budgeting at the regional and municipal levels: approaches and recommendations, 2008. 184 p. (In Russ.).

7. Project management in authorities: textbook and practical work for universities / N.S. Gegedyush [and others]; responsible editor N.S. Gegedyush. 2nd ed. Moscow: Publishing house Yurait, 2020. 186 с.

8. Order 74-pv of 31.10.2016 (as amended) «On the Project Management – Project Office of the Administration of the Governor of St. Petersburg». [Electronic resource] // Official website of the Administration of St. Petersburg. URL: https://www.gov.spb.ru/gov/admgub/documents/obshestvennoe-obsuzhdenie-proektov-normativnyh-pravovyh-aktov/?is_archive=True&page=2

9. Ludinova Yu.V. Organizational and financial mechanism of regional budget planning: theory, practice, ways of development / Ludinova Yu.V. abstract of thesis for the degree of Doctor of Economic Sciences. S.-Peterburg State Engineering.-Economic University. Saint Petersburg, 2011. (In Russ.).

Use of economic security tools in public institutions

DOI: 10.33917/mic-2.103.2022.91-97

Economic security is a complex system, since it includes all aspects of management aimed at preventing crises and bankruptcies, as well as other negative phenomena that affect the stability of the state of any economic entity. At the same time, a significant role of economic security belongs to state institutions, which, like commercial ones, conduct their activities in the conditions of instability of the external environment. The article provides a comprehensive analysis of the features of economic security in state institutions, examines the tools that ensure it, identifies the areas of security and their impact on the functioning of modern state institutions. It is concluded that public institutions need to effectively build the system under consideration, which includes personnel, financial, resource and information components.

References:

1. Federal Law «On Security» dated December 28, 2010 N 390-FZ (last edition). URL: http://www.consultant.ru/document/cons_doc_LAW_108546/

2. Kuznetsova E.I. Economic security: textbook and workshop for universities / M.: Yurayt Publishing House, 2018. 294 p. (In Russ.).

3. Sergeev A.A. Economic security of the enterprise. Moscow: Yurait Publishing House, 2019. 273 p. (In Russ.).

4. Bezverkhova E.N. Economic security of the enterprise: essence and factors [Electronic resource] / E.N. Bezverkhova, I.N. Guba, A.K. Kovaleva // Scientific journal of KubSAU. 2018;104(08). URL: https://kubsau.ru

5. Bogomolov V.A. Economic security / V.A. Bogomolov. – 2nd ed., revised. and additional M.: UNITI-DANA, 2018. 188 p. (In Russ.).

6. Goncharenko L.P. Economic security: textbook. allowance / L.V. Goncharenko, F.V. Akulina. – 2nd ed., revised. and additional M.: Yurait Publishing House, 2018. 340 p. (In Russ.).

7. Zhilov A.P. Features of the formation of a system for ensuring economic security in commercial enterprises // Scientific journal «Socio-economic phenomena and processes». 2018;4(060):63-68. (In Russ.).

8. Mantusov V.B. Economic security: textbook / V.B. Mantusov N.D. Eriashvili. 4th ed., revised. and additional M.: Yurait Publishing House, 2017. 567 p. (In Russ.).

9. Stepichnaya O.A. The main function and threats to the economic security of the enterprise / O.A. Stepichnaya, V.V. Chernova, M.A. Kolesnikova // Scientific journal «Socio-economic phenomena and processes». 2017;9(011):113-125. (In Russ.).

Innovations in Combating the Shadow Financial Segment in Recent Years on the Example of Russia

DOI: 10.33917/es-6.172.2020.138-143

The article notes that in relation to the growth of the shadow component in the Russian economy, identifying the essence of the shadow economy is especially relevant. The author addresses shadow processes as the basis of the shadow economy, their place in its structure, basic principles of formation and classification according to various criteria.

C3 Strategy for Deeper EU-EAEU Economic Integration

#3. For Nothing, or an Invisible Threat
C3 Strategy for Deeper EU-EAEU Economic Integration

This article summarizes the results of the International Youth Forum “Future of Eurasian and European Integration: Foresight — 2040”, regarding the economic integration within the European, Eurasian and Asian space. The high interdependence of European and Eurasian markets especially, make strong social and political relations essential in achieving long run economic development, growth and stability in the region. Consequently, this report proposes a C3 strategy encompassing the ideals of Cooperation, Compatibility and Competition in encouraging and facilitating the exchange of goods and services across the EU-EAEU and Asia (China). Specifically, it highlights four main sectors — Transport and Infrastructure, Finance, Technology and Energy through which the C3 strategy could potentially increase economic integration in the EU-EAEU and Asian space by 2040.

Strategic Designing of World Commodity Markets: Lessons of Oil Prices Collapse for Russia

#2. Liberal Indolence Inertia
Strategic Designing of World Commodity Markets: Lessons of Oil Prices Collapse for Russia

Operational result of the strategy being executed by political-economic US clans, which brought to power the current US President Barack Obama and keep under control the majority of European countries political leaders, influence the world economy future and the Russian economy in 2015–2016, is manipulative handling of world oil prices. This strategy is designed to create new economic and political balance of powers in the global arena through trying to expropriate the accumulated financial-economic resources of a number of oil-exporting countries and to focus the short- and medium-term trend of stimulating antirecessionary economic development of the West developed countries, based on increasing natural and industrial resources exploitation, especially Russia, on nonequivalent economic compensation for supplied energy resources. At the same time there is an attempt to unhinge” those political regimes, including Russia, which the West doesn’t like. Russia should draw up adequate conclusions from the current situation, they should form the basis for the national economic sovereignty policy in the ХХI century.

On Socio-Economic Strategy of Qatar at the Beginning of the XXI Century

#5. Space Like a Punishment
On Socio-Economic Strategy of Qatar at the Beginning of the XXI Century

Emirate of Qatar, small in area and population, being a coastal state of the Persian Gulf, from year to year is demonstrating dynamic economic growth thanks to constantly growing income from hydrocarbon exports. According to experts of the British audit firm Ernst&Young and the Oxford Economics Institute, Qatar has topped the rating of the fastest growing markets in 2000-2010. The author particularly analyzes dynamics of the main socio-economic indicators of the country during the 2000s and also describes important provisions of the national government programs for medium and long-term periods. The study presents conclusions regarding the present situation and prospects of emirate’s economic development in the future.