The "Economic Strategies" journal

2020




Digital Economy: Problems and Solutions

DOI: 10.33917/es-5.171.2020.51-57

The article examines the role and importance of international information standards in the digital economy. The importance of standards in building a single digital space as a key element of the digital economy is shown. Particular attention is paid to international standards of integration on the level of ontology, semantics and languages of interaction of information systems. The structure of the standards of the European initiative in the digital economy — “Industry 4.0”, as well as the development of the digital economy in the directions: Digital Corporation and Digital Industry. The possible directions of the development and application of information standards within the digital economy are defined

Robots, Digital Twins of People, Dialectical Models of Society and Economics

DOI: 10.33917/es-5.171.2020.58-67

Demographic crisis remains one of the main challenges to socio-economic development of Russia. The COVID–19 pandemic

has aggravated preconditions for a possible recovery from depopulation. The present article substantiates the need to develop and approve the RF social doctrine upon completion of national projects in 2018–2024. The authors suggest their own approach to overcoming the socio-demographic crisis with regard to the long-term demographic dynamics in Russia. Various scenarios of the “post-coronavirus” future of both specific countries and the world as a whole are proposed

National Digital Currency: a Look into the Future

DOI: 10.33917/es-5.171.2020.74-81

Demographic crisis remains one of the main challenges to socio-economic development of Russia. The COVID–19 pandemic

has aggravated preconditions for a possible recovery from depopulation. The present article substantiates the need to develop and approve the RF social doctrine upon completion of national projects in 2018–2024. The authors suggest their own approach to overcoming the socio-demographic crisis with regard to the long-term demographic dynamics in Russia. Various scenarios of the “post-coronavirus” future of both specific countries and the world as a whole are proposed

Factors and Prospects for Overcoming the Socio-Demographic Crisis in Russia

DOI: 10.33917/es-5.171.2020.74-81

Demographic crisis remains one of the main challenges to socio-economic development of Russia. The COVID–19 pandemic

has aggravated preconditions for a possible recovery from depopulation. The present article substantiates the need to develop and approve the RF social doctrine upon completion of national projects in 2018–2024. The authors suggest their own approach to overcoming the socio-demographic crisis with regard to the long-term demographic dynamics in Russia. Various scenarios of the “post-coronavirus” future of both specific countries and the world as a whole are proposed

Supplementary Education Within Transition Strategy Towards Post-Industrial Development Stage

DOI: 10.33917/es-5.171.2020.82-89

The lead role in the post-industrial economy’s establishment of the social layer of highly qualified specialists’ formation determines the strategic importance of education. The article presents an analysis of the statistical indicators distribution characterizing the correlation of changes in the structure of GDP and economics of education. The analysis showed the relevance of supplementing basic education systems at all levels with informal flexible training courses. These courses allow adapting the acquired competencies to dynamic changes in the nature of labor and the structure of employment. The prospects of attracting potential of public-state partnership for the organization of additional adaptive training are considered. In such a case, basic education is combined with capabilities of educational public organizations that are not bound by the inertia of standards and agreeing on topics and methods

Reproductive Behaviour of Female Entrepreneurs in Russia

DOI: 10.33917/es-5.171.2020.90-97

Research in the field of fertility often focuses on peculiarities of reproductive behaviour of various groups of population different

in socio-economic status, material and moral needs and reproductive attitudes. Comprehension of these features is important when shaping a pro-birth policy, since different groups of the population may respond differently to the proposed measures. In the article women entrepreneurs are presented as one of the groups of the Russian population with specific reproductive behaviour. The features of demographic profile and reproductive behaviour are analyzed on the basis of results of the All-Russian population census of 2002 and 2010 and a sample survey of the population reproductive plans of 2017

EAEU and Global Value Chains

DOI: 10.33917/es-5.171.2020.128-135

The article describes position of the EAEU countries in the international division of labour, compares them with other geographic regions. The author reveals the pros and cons of deeper integration into global value chains, and also suggests various policy options with regard to participation therein. The paper also describes the EAEU regional features, on the basis of which advantages and disadvantages of the region in relation to external economic agents are specified. Special focus is made on the protectionist trend, which has both internal and external (global) dimensions and hinders implementation of effective coordinated macroeconomic policy of the EAEU countries for achieving higher redistributions in global production chains.

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.

Use of insider information in the exchange game

DOI: 10.33917/mic-4.93.2020.90-95

Information costs money, especially if its disclosure can greatly affect the financial condition of an economic entity. Possession of this information makes some people think about its protection and temporary preservation, while others – about how to get it. The carriers of this information, referred to as insiders, may themselves use the knowledge in their own favor, or in favor of third parties. Involvement of unskilled investors in trading often serves as a veil of mercenary intentions.

This article gives general approaches to understanding the significance of insider information during stock market games. Clarification of the nature and mechanisms of the misuse of insider information should help to penalize this phenomenon.