The importance of investments in economic growth and increasing incomes of the population

DOI: 10.33917/mic-5.118.2024.78-86

The relevance of attracting investments into the country’s economy in order to achieve economic growth, ensure its stability and thereby increase the population’s income is analyzed. The dynamics of attracting investments into fixed capital in the country as a whole and for individual types of economic activity are considered. The share of investments in GDP and the level of investment efficiency are estimated. The relationship between increasing domestic and foreign investment attractiveness, increasing the volume of investments and increasing the population’s income is determined.

The methods of statistical, comparison, grouping, analysis and synthesis, and economic analysis are used in the coverage of this article. A comparative analysis of the data was carried out, on the basis of which an attempt was made to more accurately highlight the role of investments in economic growth and ensuring the well-being of the population.

References:

1. Makasheva N. Does J.M. Keynes Help Study the Russian Economy? Voprosy ekonomiki. 2010;12:131–140.

2. Massé P. Criteria and Methods for Optimal Determination of Capital Investments / Translated from French. Moscow: Statistika, 1971. 160 p.

3. McConnell K.R., Brew S.L. Economics: Principles, Problems, and Policy. In 2 volumes: Translated from English. 11th ed. Vol. 1. Moscow: Respublika, 1992. 399 p.

4. Dolan E.J., Lindsay D.E. Microeconomics. St. Petersburg, 1994. 448 p.

5. Abdukarimov B.A. Korkhona iktisodiyoti (darslik). T.: Fan, 2005. 241 p.

6. Karimov N. The mechanism of investment integration and the development of the mechanism of investment. T.: Fan and technology, 2007. 240 p.

7. Nodirkhanov U.S. Foreign investment in Uzbekistan: experience, problems, growth prospects. T.: Fan and technology, 2011. 184 p.

8. Egamberdiev F.T., Daniyarova F.B., Kholmatjonov F.M. The importance of investment in the development of the economy. Economy and Finance 2017;10:68–74.

9. Mihaela Peres, Waqar Ameer & Helian Xu. The impact of institutional quality on foreign direct investment inflows: evidence for developed and developing countries, Economic Research-Ekonomska Istraživanja. 2018;31(1):626–644.

National Financial-Economic Development. Analysis of the Russian Federation Strategic Documents

DOI: 10.33917/es-6.192.2023.78-83

The author substantiates the need to reform the strategic planning system at the current stage of Russia’s development, which will allow our country to take a leading position in the world. Documentation related to the sphere of strategic planning of the Russian Federation is analyzed, recommendations are given for introducing changes to Russian legislation on issues of national socio-economic development.

References:

1. Zasedanie Soveta bezopasnosti, v khode kotorogo obsuzhdalis’ mery po sovershenstvovaniyu sistemy strategicheskogo planirovaniya v Rossiyskoy Federatsii [Meeting of the Security Council, During which Measures to Improve the Strategic Planning System in the Russian Federation were Discussed, 09/27/2021]. Ofitsial’nyy sayt Prezidenta Rossiyskoy Federatsii, 2021, 27 sentyabrya, available at: http://www.kremlin.ru/events/president/transcripts/copy/66777

2. Baza rekomendatsiy Schetnoy palaty Rossiyskoy Federatsii [Database of Recommendations of the Accounts Chamber of the Russian Federation]. Ofitsial’nyy sayt Schetnoy palaty RF, available at: https://rec.ach.gov.ru

3. Ofitsial’nyy sayt Schetnoy palaty RF [Official website of the Accounts Chamber of the Russian Federation], available at: https://rec.ach.gov.ru/analitika?j&paramCard=1

4. Dokumenty strategicheskogo planirovaniya [Strategic Planning Documents]. Ofitsial’nyy sayt gosudarstvennoy avtomatizirovannoy informatsionnoy sistemy “Upravlenie”, available at: https://gasu.gov.ru/stratdocuments

5. Gaynulin D.G., Voronin V.V., Panchikhina O.V., Pal’chikov E.A., Tyupyshev D.A. Sistema strategicheskogo planirovaniya Rossiyskoy Federatsii: riski i perspektivy [Strategic Planning System of the Russian Federation: Risks and Prospects]. Innovatsii, 2018, no 4(234), pp. 29–35.

A Qualitatively New Infrastructural Matrix of Russia as a Territory of Safe Solidary Development. New foreign policy paradigm

DOI: https://doi.org/10.33917/es-6.186.2022.52-65

“The world will never be the same again,” says the overwhelming majority of socially active Russians, referring to the “old world” as the planetary community until February 24, 2022. At the same time, the most rapid, cardinal, unmistakably projected transformations are announced as crucial tasks for Russia all Russian life support systems and accelerated modernization. The most important of them, according to the authors of the article, is the logistics project proposed in 2006 by Academicians of the Russian Academy of Sciences V.A. Sadovnichim and G.V. Osipov, which in the new edition is presented in the article as “United Eurasia – Transsib 2.0”. It is based on the concept of the spatial economy, which is made up of transnational megaprojects that have been successfully implemented over the past 70 years.

“United Eurasia — Transsib 2.0” at the initial stage is intended to overcome the attempts of Europe and the United States to implement a transport blockade of the Russian Federation. Such a blockade could hinder the development of our country, which would lead to a decrease in the living standards of the population and, as Russia’s enemies suggest, corrosion of national unity and consolidation of the masses with power structures after the start of the military operation to liberate Donbass. In the future, after the successful solution of the Russian transport problems proper, the proposed logistics project can successfully develop as a transcontinental one, linking different regions of the world along new economically and politically promising vectors and directions. In particular, we can talk about pairing with the Chinese logistics corridor “Silk Road”, to counter which at the June G7 summit in South Bavaria, the countries of the “golden billion” proposed to allocate unprecedented investments of 0 billion.

The article contains a list of the main threats to the Russian Federation, consisting of 10 points, and a summary of their prompt relief with subsequent complete elimination. The technology for the implementation of the megaproject “United Eurasia — Transsib 2.0” has been prescribed — along with budgetary financing of the new Transsib, it is planned to attract investments from the regional budgets of those entities through which the proposed route will pass, as well as to co-finance the capital of private investors and issue marketable “Trans-Siberian” loan bonds.

Obviously, after conducting a special military operation in Ukraine, Russia will have to equip its Eurasian space between Europe and East Asia in the shortest possible time in the neighborhood of five civilizations — Christian, Muslim, Hindu, Shinto and Buddhist — so that it can finally become a territory of safe solidarity development.

Investment problems of the health system

DOI: 10.33917/mic-6.95.2020.78-86

The article focuses on the shortcomings of the resource and financial support of the healthcare sector. The importance of increasing the volume of social investments in healthcare in the Russian Federation is shown. The current model of healthcare investment is analyzed. The main problems of investing in the healthcare system are formulated. The directions of its improvement and modification are suggested.

Influence of Monetary Policy on Technological Development of the Economy in a Long-Term Aspect

DOI: 10.33917/es-5.171.2020.136-143

Monetary policy currently pursued by the Central Bank of the Russian Federation is a reflection of external market conditions. Regulatory approaches should, in particular, help reduce the dependence of monetary policy on external factors — such as oil prices, foreign loans, access to foreign markets, etc. This is not about completely isolating the monetary sphere of the Russian Federation from parameters and the external environment. It is required to refuse close, automatic communication with the given parameters. It is necessary to increase the stability of the monetary system of the Russian Federation and the economy as a whole in relation to external shocks. This can be done through more active use of a wide range of tools available to the regulator. These include monetary and regulatory mechanisms (interest rates, reserve requirements, foreign exchange positions, etc.), gold reserves, verbal interventions, etc., which can have a stimulating effect on economic growth. The high volatility of the ruble now observed makes it extremely difficult for enterprises to plan and forecast, thereby making it impossible for the normal course of investment processes and expanded reproduction. In order to use monetary mechanisms to stimulate economic growth and eliminate the negative effects of current monetary policy (in particular, implemented since autumn 2014), a departure from inflation targeting and free floating of the ruble exchange rate is necessary. At the same time, it is obviously necessary to abandon many components or closely related elements (for example, “monetary contraction”). In addition, steps will be needed to stabilize the foreign exchange market, which would have positive effects (falling volatility, lower inflation, etc.). Under current conditions, with limited access to external financial resources, it is important to use mechanisms  for generating financial flows based on internal sources. In other words, the monetary base should be formed due to internal factors, and not depend on the dynamics of energy prices. In previous years, the main emphasis in the Russian economy was placed on the external sphere as a source of growth financing. Restricting access to external cheap financial resources (due to low oil prices, sanctions, etc.), as well as continuing geopolitical tensions with regard to Russia, reduce the possibilities for implementing longterm investment projects in the economy. This increases the relevance of national mechanisms and sources of formation of the resource base (including long) necessary to refinance previously taken loans, as well as to implement structural changes in the Russian economy.

Approaches to assessing the contribution of global financial centers to the development of sustainable finance

DOI: 10.33917/mic-6.89.2019.97-102

Financial centers create a powerful clustering effect by concentrating a number of interconnected financial operations – banking, capital markets, investments, insurance, professional services (jurisprudence, accounting), and regulation. Thus, they act as a driver for promoting the principles of sustainability in business through the organization of financing. However, at present this incentive potential is underused due to the lack of a unified approach to assessing their contribution to the development of sustainable finances. The development of such a unified approach will increase investment in sustainable finance, optimize its regulation, and increase public awareness of the development of a sustainable financial system. The article is devoted to the analysis of the experience of the world’s leading financial centers in stimulating the development of sustainable finance.

Coronavirus Superstrategy: Global Projection of the “Just-in-time Catastrophe’s” Financial Model for Overcoming the Crisis and Entering into a New Geo-Economic Normality

DOI: 10.33917/es-4.170.2020.6-19

The world is changing rapidly and irreversibly. The critical value of accumulated macroeconomic imbalances requires radical managerial decisions. As a solution to the problem, catastrophe just-in-time was chosen — preparation and implementation of key extreme events aimed at fundamentally reformatting the global economic management structure with achieving a new global investment and financial cycle based on massive issue of US dollars. The classical model of transforming global crises into the format of phased global financial iterations has now been augmented with a new strategic tool — the coronavirus. The result of implementing the coronavirus superstrategy, which was similar in power to the third world war and successfully replaced it, is the shift in key macroeconomic determinants. The USA once again postponed financial collapse for 10–15 years. Dimension of the financial special operation is unprecedented in terms of resources, territorial scales and depth of impact: former key players voluntarily sacrifice their identity for the opportunity to remain on the Great Chessboard at least in the form of pawns. The other countries’ claims to world leadership have been completely removed. For Russia, unlike most countries — geo-economic competitors, coronavirus reality became a marker confirming the Great Power status. Elaboration of a strategy for the economic development of Russia in relation to new conditions is on the agenda

Sunlight Against Coal

DOI: 10.33917/es-3.169.2020.134-141

The article dwells on the topic of competition between coal and solar energy as types of fuel. The authors provide a comparison of the installed capacity of a virtual solar power station and an existing coal power station located within the land allotment of a coal mine. The development prospects of the coal industry in terms of thermal coal are shown.

Innovative activity as an important factor of increasing the investment attractiveness of current company

Тhe article attempts to summarize the system knowledge that allows forming a modern understanding of the possibilities of obtaining the desired effect of investment, as well as the investment attractiveness of the enterprise. The financial performance indicators of PJSC NOVATEK are analyzed, the investment attractiveness of the company is assessed, a set of measures that disclose its investment capital is determined, measures to intensify innovation activities are proposed.

Where are You Going, Russia?

DOI: 10.33917/es-5.163.2019.58-69

To answer the question “Whither goest thou, Russia?”, the authors analyzed the period of the neoliberal reformation in the social and economic aspects. They summed up the political confrontation that had taken place in the “tumultuous” 1990s and identified the main trends towards the integral development of the Russian Federation for the near to medium terms. A situation that first occurred in the country, when the systems scientific and mental approaches are not in the binary opposition, but they are interacting research technologies, holds out hope for a success in studying the complicated actors of social life. In the authors’ opinion, for Russia’s successful development one can need a sovereignty of the State and society, to support creative directions in the intellectual sphere, to return the masses to active politics and to restore a direct and honest dialogue between the Government and civil society, otherwise there would be no way to save a considerable stratum of the population from a metacognitive bias with regard to their hope for a social and just transformation of society