The "Economic Strategies" journal

2020 #8. Insolence of Interpretation




Institutional Barriers to the Innovations Introduction in Implementing the “Digital Economy of the Russian Federation” Program

DOI: 10.33917/es-8.174.2020.36-43

The institutional environment study makes it possible in an era of high uncertainty to identify patterns that impede changes, implementation of which currently determines not only performance indicators, but is also critical for survival. Based on analysis of the current state of the digital economy development in the Russian Federation, taking into account experience of the first half of 2020, as well as approaches to organization and performance indicators of the “Digital Economy of the Russian Federation” national program, assumptions are made regarding the main components of the institutional environment for digital transformation. Institutional barriers, that impede economic growth as a result of increased informatization of processes, were compared. The main reason for the formation of institutional barriers is considered to be the low speed of response, the delay in transformation of the institutional environment in relation to establishment that ensures the maximum positive effect of applying digital technologies

Social Networks, Their Basic Factors, as Well as Their Role in Society and the State in the Context of Digital Transformation

DOI: 10.33917/es-8.174.2020.26-35

Society is historically associated with the state, which plays the role of an institution of power and government. The main task of the state is life support, survival, development of society and the sovereignty of the country. The main mechanism that the state uses to implement these functions is natural social networks. They permeate every cell of society, all elements of the country and its territory. However, they can have a control center, or act on the principle of self-organization (network centrism). The web is a universal natural technology with a category status in science. The work describes five basic factors of any social network, in particular the state, as well as what distinguishes the social network from other organizational models of society. Social networks of the state rely on communication, transport and other networks of the country, being a mechanism for the implementation of a single strategy and plan. However, the emergence of other strong network centers of competition for state power inevitably leads to problems — social conflicts and even catastrophes in society due to the destruction of existing social institutions. The paper identifies the main pitfalls using alternative social networks that destroy the foundations of the state and other social institutions, which leads to the loss of sovereignty, and even to the complete collapse of the country.

Impact of the Trade War Between the United States and China on the EAEU Foreign Economic Activity. Interim Results and Prospects

DOI: 10.33917/es-8.174.2020.16-25

The article analyzes the causes of the trade war between the USA and China, in particular, dwells on the problems of further globalization of the world economic relations, multidirectional vectors of the two states’ development in recent decades, as well as disproportion in the trade balance. The paper presents statistical assessment of the trade war results, expressed in structural changes of trade relations between the US and China, as well as dynamics of their imports from the EAEU countries. Based on statistical data, the conclusion is made on economic prospects of the EAEU to compensate certain product groups that are falling out during the trade war in the Chinese and American markets, and general recommendations are given on building the EAEU’s foreign economic strategy, taking into account the current global changes

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).