Development Of Russian Economy Research Articles

Russian-Chinese financial cooperation: Development trends and prospects

Subject. The article discusses the importance of Russian-Chinese financial cooperation and its impact on the economic development of Russia. Objectives. The purpose is to identify aspects of Russian-Chinese financial cooperation that have a substantial influence on the Russian economy, to develop a scientific and methodological approach to quantifying the impact of Russian-Chinese financial cooperation on the Russian economy. Methods. We employ methods of economic, mathematical and statistical analysis, and practical developments of Russian and foreign scientists. Results. Three aspects of Russian-Chinese financial cooperation are important factors that directly affect the economic growth of Russia, namely, China's direct investment in Russia, bilateral trade, and currency swaps. Russian-Chinese financial cooperation will play a positive role in promoting the economic development of Russia. Conclusions. To ensure stable socio-economic development of Russia, it is important to develop financial cooperation with China. Russia should further expand bilateral trade, make efforts to attract Chinese investment, and continue monetary cooperation with China.

Analyzing the financial capacities for the Russian economy's development

Subject. This article explores the financial possibilities to develop the Russian economy. Objectives. The article aims to determine the relationship between the financial capacities for the development of the Russian economy and its elements, and the necessary conditions to take full advantage of them. Methods. For the study, I used a systems approach based on the methods of statistical, neural network, and cluster analyses. Results. The article defines the relationship between the financial capabilities of the Russian economy and their elements, and identifies the necessary conditions for their implementation for the further development of the Russian economy. Conclusions and Relevance. The financial potentialities and opportunities for the development of the Russian economy, manifested in certain complex relations, indicate the optimal position to maintain the positive trend in economic growth to the Russian Federation Government. The study expands the scope of knowledge and develops the competencies of the Government of the Russian Federation, as well as the scientific community focused on assessing the possibilities and opportunities for ensuring economic growth.

Стратегия перехода на новый уровень технологического развития экономики

Introduction. The strategy for the transition to a new level of technological development of the economy is aimed at accelerating innovations and increasing competitiveness. New opportunities for technological development form a favorable environment that promotes economic growth by introducing energy-efficient and resource-saving industrial technologies, technical re-equipment, and production modernization. Study objects and methods. The present research featured the technological development of the economy. The study relied on the theory and methodology of the strategizing developed by Professor V.L. Kvint. The methods included generalization, synthesis, criteria analysis, and causal method. Results and discussion. The article describes the chronological sequence of evolutionary development of technologies while focusing on how scientific and technical progress boosted the dynamics of production changes. Effective strategic planning tools guarantee prompt management decisions aimed at solving various strategic production and non-productive tasks. Technological road maps are an especially useful tool: they describe both the main result of innovation and the process of long-term planning, combined with the specifics of the choice, transfer, introduction, and industrial development of technologies. Conclusion. The analysis performed made it possible to identify and substantiate the strategic capabilities and priorities of the technological development of Russian economy. The obtained results can help to determine the strategic tasks of bringing domestic economy to a new level of technological development.

Demographic situation in single-industry towns of Russia: Evidence from Zverevo and Donetsk of the Rostov Oblast

Subject. This article discusses the demographic factor in the economic development of Russia. Objectives. The article aims to assess the demographic situation in the monotowns of Zverevo and Donetsk of the Rostov Oblast both taking into account the industry-specific orientation of their township-forming enterprises, and taking into account the assignment of an advanced-social-economic-development-area status to them. Methods. For the study, we used the descriptive and statistical methods of analysis. Conclusions. The assignment of the status of a Priority Social and Economic Development Area (PSEDA) to the monotowns under consideration did not bring about an improvement in the demographic situation. The industry-specific orientation of the township-forming enterprise does not affect the demographic situation in the monotown. The considered demographic problems of monotowns are relevant and should be taken into account when developing a strategy for the socio-economic development of these institutional entities.

Technical and economic prospects of CCUS projects in Russia

Carbon dioxide is one of the main contributors to global climate change. The Russian Federation plays an essential role as one of the primary fossil fuel producers and CO2 emitters globally. Therefore, introducing novel carbon capture, utilization, and storage (CCUS) technologies will inevitably contribute to further Russia's economic and industrial development. Moreover, CCUS should be intensified due to the cross-border tax under Carbon Border Adjustment Mechanism (CBAM) introduced by European Union. This paper presents a brief review of the CO2 capture strategies and their comparison. A short overview of different CCUS technologies with a partial focus on the studies by the Russian researchers is presented. CO2 transportation, utilization, and storage aspects are highlighted, considering Russia's potential. The model scheme of the CCUS plant based on existing technologies is given, and the economic estimations and consequences relative to Russian policy under the CBAM tax are discussed. The markable financial losses are shown; thus, the commercial success of CCUS can only bring a radical reduction in cost, which is only expected by 2040.

Russian economy: a systematic view

The article proposes a systematic description of Russian economy, in order to move from its unilateral definitions to its comprehensive assessment. This assessment is necessary to determine both the foundations of the current state of Russian economy and the prospects for its development. This characteristic is intended to reflect the level of development of the Russian economic system, its place in the system of world economy and its national peculiarities. The article deals with a set of features reflecting the internal structure of the Russian economic system: market situation, the system of reproduction, economy structure, the main socio-economic institutions etc., taking into account the historical development that led to the formation of the current state of affairs. Within the framework of this point of view, Russian economy appears to be a peculiar version of a mixed economy with a significant share of state participation and the structure of private property, formed largely as a result of its noneconomic redistribution. In such an economy there are no economic, institutional and social conditions that provide effective domestic sources of economic development. The national and cultural peculiarities of the Russian economy are determined on the basis of a variety of factors, ranging from natural-climatic, spatial, and up to socio-psychological formed, among other things, due to the influence of peculiar features of social relations’ historical evolution. Finally, the Russian economy place in the system of global economy is considered. It is defined primarily on the basis of qualities and level of Russian economic system development. The conclusion is made that Russian economic system meets the characteristics of semiperipheral economies. Such a characteristic of Russian economic system does not exclude the capability of its modernization, but makes it possible only in case of qualitative changes in the existing economic model.

Логистические транспортные системы России в условиях новых санкций

Objective: To present an analytical review of the state and transformation of Russia logistic transport systems in the conditions of new sanctions of West countries as of March 2022, including analysis of modern conditions of their functioning. Methods: Method of analytic review of world market state, transport logistics and on its background — specificities of Russian logistic transport system development. Results: Analysis of impacting risks, factors and trends of logistic transport systems has allowed to establish development key vectors of domestic logistic transport systems in the conditions of West sanctions as well as to formulate functional specificities of Russia transport logistic system and Russia positions in the world in the near future. Practical importance: Market analytical review for transport-logistic service in the conditions of geopolitical situation change has been made. It’s been established that deglobalization has become a new reality for transport-logistic systems. Measures for a prior action plan to provide for Russian economy development in the conditions of external sanction pressure ‘re characterized. Typology of variants for reaction of market key players on “logistic storm” factors is given. Upon research total, potential oblique of logistic transport system as of March 2022 is formulated.

Public-Private Partnership as a Model of Public Infrastructure Development

A public-private partnership (PPP), a long-term pooling of public and private partners’ resources, sharing risks, responsibilities, and results, is a successful tool employed in many countries to develop public infrastructure. The article argues that PPP is the optimal cooperation between the state and private sectors to solve social and economic problems. Even though PPP as the phenomenon of the modern economy appeared not too long ago, it had objective prerequisites, including the prior forms of cooperation between the state and individuals. The study of these prerequisites reveals the development patterns of PPP development, including its effectiveness, that allows politicians to harness them to develop an optimal state policy in the area. The article provides a comparative analysis of the PPP abroad to assess the intermediate results of the PPP development in Russia. In many countries (Canada, France, and Great Britain), a PPP as an economic model for developing the infrastructure complex has proved its viability and significantly contributes to social and economic development. It is essential that in addition to direct economic effects, a publicprivate partnership might result in indirect influence, including a positive impact on institutional development. Public-private partnership in Russia has not yet found wide application for improving the infrastructure complex. Therefore, it does not have enough impact on economic development. Despite the large volume of research on PPP, there are few comparative studies of PPP development in countries at different levels of socio-economic development. Relying on the conducted study of PPP in Russia and the leading foreign countries, the strategic model of PPP proposed by the author as well as broader foreign experience in PPP, the article provides recommendations aimed at better utilization of the opportunities provided by fostering of this form of cooperation between the state and individuals and increasing its role in the economic development of Russia.

The role of the Ministry of Finance of Tsarist Russia in the creation of professional periodicals in the interests of domestic entrepreneurs

The Ministry of Finance of tsarist Russia, after its formation in 1802, played an important role in the life of the country, was one of the most influential in the government. The authors show that the needs of Russia's economic development have pushed the information aspect to one of the leading places in the activities of the government of tsarist Russia. Based on the study of historiographical materials of the Soviet and post–Soviet periods, as well as with the involvement of pre-revolutionary materials, the article examines the active role of the Ministry of Finance of tsarist Russia at the turn of the XIX - XX centuries, which contributed to the development of professional periodicals in the field of trade, industry and finance, which played a certain role in the formation of the domestic entrepreneurial class and reflected the development of capitalism in our country. The Ministry of Finance provided the domestic business community and the interested public with high-quality periodicals covering commercial and industrial activities in the country and abroad. One of such publications is the "Trade and Industrial Newspaper". The article examines the prerequisites for the emergence and stages of formation of one of the popular publications of pre–revolutionary Russia - a Trade and industrial newspaper, which not only fulfilled its main mission by providing information of a commercial and financial nature, but also gradually turned into an authoritative socio-political publication. This publication is the most important source for the study of various aspects of the financial, economic and socio-political life of the Russian Empire during this period.

Federal budget and the fiscal policy of Russia: Assessment of opportunities to achieve national development goals

Subject. The article investigates resource opportunities and identifies priorities of the federal budget as a key instrument for a conceptually new State fiscal policy implementation, to achieve goals of national development of the Russian economy. Objectives. The aim is to assess the compliance of key parameters of the federal budget and the fiscal policy measures, implemented through it, with the national development goals of Russia. Methods. The methodology rests on general logical methods and research techniques, used to determine conceptual advantages and disadvantages of draft federal budget for 2022 and the planning period of 2023 and 2024. Results. We revealed positive changes in the shift in priorities of Russia's budgetary policy towards financial and tax incentives for areas that are strategically important for the Russian economy. However, despite the positive growth rates of the Russian economy in 2021, the State returns to moderate fiscal policy at the federal level. The change in the paradigm of budgetary policy that took place during the global coronavirus pandemic should be elaborated in subsequent budget cycles by maintaining and expanding stimulus measures in the federal budget in relation to breakthrough areas of the Russian economy development. Conclusions. The resource potential of the federal budget for the continuation of stimulating budgetary policy throughout the entire budget cycle of 2022–2024 is quite sufficient and can be realized through reducing its surplus by easing the constraints on budget expenditures the ‘budget rule’ dictates.

Trends in the development of supplementary vocational education

Subject. The article considers trends in the development of supplementary professional education and the possibility of its interaction with industrial enterprises. Objectives. The focus is on the identification of trends in the development of supplementary professional education and factors, affecting the effectiveness of interaction between organizations of supplementary professional education and industrial enterprises. The hypothesis of the study lies in the assumption that organizations of supplementary professional education can contribute to the development of the level of human resources required by the enterprise. Methods. The study employs general scientific research methods. Results. We investigated trends in the development of supplementary professional education and factors influencing its effectiveness. We performed the analysis and developed recommendations for the formation of a system of interaction between organizations of supplementary professional education of enterprises in the region. Conclusions. The implementation of ambitious goals of the Russian economy development is impossible without an appropriate level of talent capacity of enterprises. The development of human resources in the modern conditions of the digital economy is one of strategic tasks of the enterprise. This problem can be solved within the framework of effective interaction between corporate personnel development programs and programs for additional professional education in the region.

Inflation in Russia: revealing the causes and the path of decline (on the strategic management platform)

In this study, it is proposed to conduct an experimental monetary reform in one of the regions of Russia. To carry out monetary reform by introducing a fee for the use of funds in the balance at the end of the month of each of the participants in economic relations. The purpose of the new monetary reform is to achieve the reduction of inflation to zero. This study is based on observations and practical experience of European countries, China. In this paper, the author believes that monetary inflation is caused by money added during distribution in different ratios. As the root cause of inflation, interest is singled out as one of the components added during the distribution of money, which generates a social conflict regarding the redistribution of public wealth. The experimental monetary reform may be the beginning of other reforms and a component of Russia's economic development within the framework of strategic management. The advantages of monetary reform of the natural economic order in combination with other reforms are as follows: reduction of inflation (almost to zero), which is caused mainly by a significant percentage component of the distributed funds; exclusion of percentages from the cost components and, as a consequence, prices as an instrument of income redistribution in an unfair way, i.e. accumulation of most of the income from a small group of individuals, and in amounts larger than they need; prevention of social catastrophe, prevention of social unrest and social clashes, reduction of the level of aggressiveness in society and the onset of social justice; reduction of prices for goods and services up to 50%; the emergence of a stable nationally-oriented quality economy; the possibility of updating physically and morally worn out fixed assets of public infrastructure; GDP growth.

Development of Human Capital in High-Tech and Knowledge-Intensive Industries

This paper is an overview of sustainable long-term innovative development of the entire Russian economy and its high-tech and knowledge-intensive industries. The authors analysed it under the conditions of the emergence of a digital economy in terms of provision, effective use, and development of human potential. The formation of new mechanisms caused by the influence of globalisation, the transition of the industrial economy to the post-industrial economy and its adaptation to the current digital parameters, as well as the reforms of public administration systems in Russia, led to the emergence of qualitatively new phenomena, requiring research of both fundamental and applied nature.

The Problem Concerning Integrity of the National Economy in the Divided Polish Lands: The Kingdom of Poland (1815–1830)

The article considers the history of the Polish national economy and national market in the period of emergence of so-called bourgeois nations in Europe, when lands of former Polish-Lithuanian Commonwealth were partitioned between three
 powers: the Russian Empire, the Austrian Empire and the Kingdom of Prussia. The history of nations in the 19th century is often studied in such conditions when the part
 of the ethnic community became the part of the foreign country as it occurred with Poland. Under the foreign domination, ethnic and national development factors as well as cultural and political separation of the Polish society from societies of Russia,
 Austria and Prussia remained intact for a long time and developed in their own way. Those tendencies especially appeared in the system of the national economy, which was the fundament of the nation as the historical community. The separate economic
 policy of the Kingdom of Poland created a basis of the national market and the national economy not only for the Kingdom itself, but for all Polish lands. The article shows that the economic unity of the Polish lands had been existing up to the last
 decades of the 19th century, when centripetal forces became to prevail in the economic development of Russia, Austria and Prussia due to the industry and capital concentration. It was the main reason of disintegration of the Polish economic space

Institutional development of circular economy in Russia and St. Petersburg

The term "circular economy" appeared relatively recently in Russia. Interest to the circular economy and the number of publications is growing. The concept of circular economy is very closely related to the green economy, bioeconomics, and low-carbon economy, which are based on moving away from fossil fuels and the development of new technologies. However, in Russia, most often circular economy means recycling system. The principles of circular economy are aimed at the economic, social, and environmental well-being of people. Experts identify factors that promote and hinder the development of circular economy in Russia. Issues of sustainable development, circular economy and energy transition are actively discussed by representatives of government, business and science at international and all-Russian forums. The principles of circular economy will allow achieving several Sustainable Development Goals. The circular economy is one of the key factors in achieving carbon-free energy goals. In St. Petersburg, profile committees, centers and associations are actively working in this direction. Consortia of international projects of most programs are formed from partners based on a triple helix approach- representatives of government, business and universities. The international projects of cross–border cooperation programmes "South-East Finland - Russia", "Estonia - Russia" and the INTERREG Baltic Sea region are considered. Pilot sites are being implemented within the framework of many international projects, with the possibility of further replication of successful experience. The legislative base of Russia and St. Petersburg in the field of circular economy is considered in detail.

Review of the 152th meeting of the Dispute club “Economic Policy Knots” of the Association of the Russian Economic Think Tanks on the Topic “Sustainable Development Goals of the United Nations: Prospects for Implementation in Russia”

The work is devoted to a review of the results of the 152nd meeting of the Dispute Club “Eco-nomic Policy Knots” of the Association of Russian Economic Think Tanks (hereinafter referred to as ARETT) on the "The UN Sustainable Development Goals: Prospects for Implementation in Russia." The purpose of the event was to discuss issues related to opportunities and limitations for the imple-mentation of the UN sustainable development goals in Russia. The debaters were Tatyana Aleksan-drovna Lanshina, Senior Researcher at the International Laboratory for Research on Sustainable Development Problems, RANEPA, and Anton Petrovich Tsvetov, Deputy Director of the Department of Multilateral Economic Cooperation and Special Projects of the Ministry of Economic Development of Russia. The review presents the key ideas of the disputants, and also summarizes the main results of their answers to questions.

Administrative-legal support of the “green” economy in Russia

The article analyzes the current state of the legal support of the “green” economy in Russia. The author declares the actual absence of a targeted state policy, embodied in a special administrative and legal regulation in this area. As an objective reason, there is a contradiction between the need to increase the pace of development of the national economy in order to ensure the economic security of the state and the principles of sustainable development enshrined in the relevant Concept. Administrative and legal regulation of social relations emerging in the field of the “green” economy should form the basis for the formation of a comprehensive legal support for a new model of socio-ecological and economic development of Russia.

Climatic Change as a Driver of Economic Development: an Example from Angara–Yenisey Siberia

Climate change and its impact on economic development is an important, but still understudied issue. This paper is aimed to fill in this gap in relation to the Angara–Yenisey macroeconomic region. It contributes to the literature in several dimensions. First, an overview of research on the climate impact on various sectors of the Russian economy is given. Second, we showed the main trends and factors in the dynamics of economic development in Russia over the past 20 years. And at last, the comparison of the average annual temperature and the gross regional product growth rates was conducted for the four regions of the Angara–Yenisey Siberia. It was concluded that there is no sufficient evidence that regional economies are significantly dependent on temperature fluctuations. Nevertheless, there is still space for further research.

Creating a circular economy with and without plastic: A strategic challenge for SIBUR

The teaching case can be used for the in-depth study of circular economy principles by university students. The case reveals the concept of “circular economy” and allows to analyze the implementation of circular economy principles in SIBUR’s activities. The case considers the areas and models of circular economy principles application, determinants of SIBUR’s transition to circular economy, specificities of circular economy development in Russia. The case of SIBUR, whose main activity is associated with the processing of oil products into polymeric materials, allows to discuss the issues related to opportunities, limitations, reasonableness and prospects of introducing and development of circular economy. The case describes the challenges faced by petrochemical companies — the anti-plastic trend, on the one hand, and the uniqueness of plastic as a lightweight, recyclable material, on the other hand. The case pays much attention not only to global trends in the field of processing and the introduction of the principles of a circular economy, but also to the institutional features of the development of this sphere in Russia. The case can be used on different levels of educational programs in the courses on strategic management, business modeling, supply chain management and sustainable development. The solutions proposed by students can be applied both in the current situation in the company and the external environment, as well as in the future development of the sphere with focus on the trends.

Wpływ zamkniętych jednostek administracyjno-terytorialnych na rozwój gospodarczy Rosji

The main goal of this article is to present the impact of closed administrative- territorial units on the economic development of Russia. Moreover, the paper contains information on the functioning of science cities in the Russian Federation and presents information on the financial results of the company Norylski Nikiel.