The "Economic Strategies" journal

2020 #3 2020 First Need




Eurozone on the Verge of Widespread Negative Interest Rates

DOI: 10.33917/es-3.169.2020.50-54

The global economy, including the eurozone, experienced a shock in 2008. As one of the consequences, central banks of the largest economies in the world, in order to support economic activity, reduced interest rates on loans. Although 11 years have passed, in the eurozone lending rates still remain extremely low. This indicates that the monetary union has not yet recovered from the post-crisis state. In fact, more and more probable is becoming a recently inconceivable scenario that the eurozone for a long time will get into the era of negative interest rates.

Brexit Problem as a Component of the EU System Crisis: Analysis Based on Systemic Methodology in the Context of Reproduction Theory

DOI: 10.33917/es-3.169.2020.42-49

The article analyzes the Brexit problem, the solution of which has been delayed: four years passed from the referendum on Britain’s withdrawal from the European Union (February 16, 2016) till signing of the Brexit Act by Prime Minister Boris Johnson (January 31, 2020). The article’s novelty consists in assessing Brexit as a manifestation of the system crisis of the European Union (EU), officially recognized by the European authorities in 2015 due to violation of the development regularities of the European integration and the global crisis consequences. Based on systemic methodology in the aspect of reproduction theory, the internal and external causes of Brexit are analyzed. The author identifies a change in the US attitude to Brexit — from Barack Obama’s negative position to active support by Donald Trump in order to break down the European Union as a collective competitor composed of twenty-eight integrated countries. This is facilitated by the loss of economic sovereignty of the EU countries under US pressure. Possible British benefits and risks of losses as a result of exit from the EU are analyzed.

Geopolitics, Geostrategy and Geoeconomics: Reflections on the Changing Force Factors in the International System

DOI: 10.33917/es-3.169.2020.30-41

Beginning the article with reminding some basic definitions of geopolitics, correlation of spatial and temporal components herein as well as the systemic nature of geopolitics as a science and the basis for a long-term political strategy, the author proceeds to the topic of relationship between geopolitics and geoeconomics, particularly significant in recent decades. He puts forward the idea that geoeconomics today is an increasingly dynamic and actively driving element in this dyad due to growing technological innovations, increasing competition and subsequent rising complexity of economic strategies of states. Based on well-known examples of economic and political outcomes of applying the state capitalism models or liberal economy, in particular, in the countries that have undergone a radical breakdown of their former economic systems (Russia is also briefly mentioned in this context), the author concludes that it is necessary to form a strategic state, able to develop a sustainable mechanism (including economic intelligence) for development and implementation of national geoeconomics. To support the provisions put forward in the article, the author, as an independent expert, gives a broad outline of geopolitical and geoeconomic shifts in the world in the coming decades.

Model of Assessing the Balance of the Budgets of Subjects of the Russian Federation

DOI: 10.33917/es-3.169.2020.24-29

Over the past decade, new trends have emerged, political and technological, which will set the conditions for the development of global economic processes in the near future. Within the framework of the modern paradigm, qualitative economic growth is possible only in the case of large-scale introduction of innovations and digital technologies, which is possible while ensuring macroeconomic stability. The article discusses the issues of quantitative assessment, based on the developed economic and mathematical model, the level of budget balance of the constituent entities of the Russian Federation. When forming the model of the category “macroeconomic stability”, the methods of regression, correlation and factor analysis were used. An index method has been used as a quantitative assessment tool. A calculation-experimental method was used to prove the realism of the developed model, and to give a quantitative assessment using examples of constituent entities of the Russian Federation that are part of the Volga and Siberian federal districts. The results obtained develop scientific knowledge in the field of regional economics, and their practical use will allow to purposefully and reasonably solve the problems of regional and leading development management.

Development Strategy for the Unified National Electric Grid (UNEG) on Territories with Decentralized Energy Supply in the Russian Federation

DOI: 10.33917/es-3.169.2020.18-23

The article dwells on the need to develop distribution networks of the Unified National Electric Grid in areas with decentralized energy supply, the authors estimate possible reduction in diesel fuel consumption for electricity generation by diesel power plants (DPP), summarize the existing experience, estimate the installed capacity utilization factor (ICUF) of DPP.

Package Sectoral Order as an Effective Tool for Managing Import Substitution, Development of New Technologies and Energy Modernization

DOI: 10.33917/es-3.169.2020.6-17

Import substitution in the energy sector requires development in Russia of a group of new industries and modernization of existing capacities. That calls for integrating the structures of fundamental and applied science, education, power engineering production, energy generation and electricity transport in the framework of a complete innovation cycle. The key to the problem solution is forming an integrated mechanism for planning and management of scientific-research, power engineering and electric power segments as parts of a single technological chain of work and procurement from basic research to equipment disposal. The R&D result should be a package sectoral order for equipment and technologies — a new planning and coordination tool in the market environment of Russian energy and power engineering. It is proposed to build a new information control loop in the energy sector of Russia to form the basis of a package order within the industry in order to establish medium- and long-term scientific and technical planning for replacing retiring equipment, tracking contracts and monitoring results of their implementation