The "Economic Strategies" journal

2019




Contemporary Approaches to Economic Stimulation Using Financial Instruments

DOI: 10.33917/es-8.166.2019.24-29

The Russian economy needs in adequate financial policy in the environment when other countries use actively financial stimulation measures, among which are protectionist measures, aimed at the growth of activity and defend of national economy. Contemporary financial protectionist measures often are not subject of international conventions that increase international trade and capital flow transparency. Countries use non-market mechanisms to support their national business in the competitive environment. Such mechanisms entail risks and opportunities for countries, as well as for business (large business in the first place). It’s necessary for Russian regulators to consider thoroughly approaches of other countries and broaden instruments they use

Current Trends in Regulating Activities of the Audit Market Entities

DOI: 10.33917/es-8.166.2019.30-37

The article dwells on the current trends in regulating activities of the audit market entities, resulting from peculiarities of the current stage in development of the audit services market in Russia. The subjects of audit activity are auditors and audit organizations, in particular, companies providing audit services to socially significant economic entities: credit and insurance organizations, non-state pension funds, state-owned companies, state-owned corporations, organizations with a state ownership share of over 25%, as well as companies disclosing their consolidated financial statements. Among the main dysfunctions of the audit services market, that influence the regulation of audit entities, the author underlines less attractiveness of the audit profession for young professionals, an annual decrease in the number of auditors and audit organizations, uneven distribution of the number of clients and revenues in the audit market and prices dumping for audit services. Based on the analysis results, the author suggests ways for improving the audit regulation in Russia, paying special attention to the need for greater interaction of audit regulatory entities — the state and self-regulatory organizations of auditors

Socio-Economic Development of Russia in 2019: Recession Threat Remains

DOI: 10.33917/es-8.166.2019.38-43

Changing of a conjuncture index of “Economic strategy” (CIES) for the first nine months of 2019 is considered. The contribution of indicators of supply and demand in CIES is estimated. The results of the analysis and forecasting of the dynamics of macroeconomic indicators are presented

Potential of Common Markets of the EAEU Energy Resources. Expectations and Challenges

On October 15, 2019, the President Hotel Hotel in Moscow hosted the Integration Eurasian Industrial Congress, a new international discussion platform for discussing current problems and prospects of industrial cooperation in the EAEU and the movement of industrial goods on the EAEU common market, as well as developing effective tools for the goal of effective integration and development of interaction of entrepreneurs in the EAEU and friendly countries. The keynote address was delivered by the Deputy Minister of Energy of the Republic of Belarus Vadim Zakrevsky, telling the participants of the Congress about the challenges that have emerged today in the field of creating electric and gas markets

Five Years of Eurasian Integration: Statistical Analysis of Key Economic Results

DOI: 10.33917/es-8.166.2019.48-57

Over 5 years after the signing of the Treaty on the Eurasian Economic Union, the experience of the integration process has been accumulated, its pros and cons, potential and obstacles for a new stage in the development of the EAEU have been identified. The accuracy of estimates of the 5-year integration dynamics affects the effectiveness of decisions on further integration. A complete, reliable, qualitative statistical assessment of the economic condition of the Union is a necessary basis for the successful dynamics of the Union at a new stage

Actual Issues of Economic Policy in the European Union

DOI: 10.33917/es-8.166.2019.58-65

Today, the European Union (EU) is facing many challenges in the economic and financial sphere. Europeans are becoming less gullible with EU institutions and less tolerant of supranational interference in domestic politics. As a result, the process of European integration is gradually being modified. It was assumed that the process of economic integration, making Europeans more interdependent, should also lead to cultural assimilation and deeper political integration. Was the project too ambitious, given that Europeans are sufficiently heterogeneous in their economic interests, beliefs and sociocultural values to form a successful political union? Or are current difficulties a consequence of the inefficiency of supranational institutions? And how has the process of European economic integration affected cultural assimilation? All of these issues are becoming increasingly relevant as European integration develops

Foreign Trade and Investments as Political Development Factors (on the Example of the Western Balkans)

DOI: 10.33917/es-8.166.2019.66-75

The article presents analysis of the dynamics and structure of foreign economic relations of the Western Balkans countries, considers the specifics of foreign infrastructure investment projects, evaluates the importance of foreign economic relations for socio-political institutions. Scientific novelty of the study is determined by application of least squares methods and gravitational modelling. To identify factors determining the vector of economic cooperation, the authors have analyzed macroeconomic data, as well as the trade flows dynamics: gravitational model of foreign trade was taken as the basis. The authors assume that many problems of the modern socio-economic and political development of the region stem from its past, namely from reproduction of both individual elements and the system characteristics of historical models. In particular, the analysis confirmed historical dependence of the political and economic development of the Western Balkans on external players. Historical determinism of the foreign policy course (identified through institutional analysis) coexists with economic factors arising the incentives of neoclassical economic theory

Global Value Chains: Exploitation Strategy

DOI: 10.33917/es-8.166.2019.76-82

Analyzing development of the global industry for servicing agricultural production and formation of international value chains around it, the article substantiates the thesis on formation of exploitation relations within the chains. To this end, the most important innovations in the field of biotechnology, development of their patent-licensed protection system and structural regrouping of the most important companies — players in the global agrochemical market are examined in interrelation with one another over a period of the last forty years. On this basis, formation of oligopolistic structure of international companies, controlling the key links of the chain, which are infrastructural in relation to the others, is shown. Combined with the synergistic effect of the batch sale of technologically heterogeneous goods and services, this creates conditions for monopolistic exploitation of agricultural producers. The latter do not have access to alternative sources of similar goods and services that are competitive in comparison with the “packages” offered by oligopolists. As a result, for each unit of invested capital, the income of the latter is greater than that of agricultural producers, that is, within the chain the income is redistributed in their favour, including funds from end-consumers. The given monopoly is bilateral in nature, as technology companies also transfer part of their income to market leaders, who buy these technologies, for the right of access to their marketing opportunities.

Housing Policy and National Planning: Road Map Draft

DOI: 10.33917/es-8.166.2019.83-93

One of the most pressing social problems in Russia continues to be providing needy Russians with decent housing. The lack of possibilities for the population to satisfy their housing needs impedes the full development of an individual, reduces demographic activity, which ultimately causes a slowdown in economic growth. It is possible and it is necessary to counteract the growing negative trend by improving the housing policy, putting in its the basis joint efforts of the state, science and business by actively introducing modern organizational forms and management tools. National project “Housing and Urban Environment” can become a systemic solution to accumulated problems. Its implementation requires developing a modern concept of housing construction, complemented by advantages, means and professionalism of the state and corporate management systems based on partnership relations, legislated as publicprivate partnerships

Post-non-classical Strategizing of the Problem Situations in the Concept of Social Navigation: Transition from Target Management to Attributive Designing

DOI: 10.33917/es-8.166.2019.94-101

The article deals with issues related to the concept of “strategizing” — the evolution of ideas about strategizing (classical, non-classical, post-non-classical and post-classical approaches). A new understanding of the concept of problem-solving strategies is presented from the point of view of the concept of socionavigation, as a process of maneuvering using attribute design: management/regulation of intensity, direction (balance) and complexity of the discourse of a single creative field (EKP) with regard to the level of disequilibrium (K-level) system/environment, allowing to increase the efficiency of teamwork. A new construction of the notion “problem situation” is proposed as a non-zero conjunction of the actors’ ideas about the problem/ problems underlying the problem situation, their (actors) problem states and systems of key goals and values that form the problem-target area (PTA)