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Vol 14, No 1 (2020)
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ECONOMY OF THE XXI CENTURY

6-14 642
Abstract
The article presents methodical and technical developments on the use of geoinformation technologies in secondary schools and additional educational institutions. The problem in the reorganization of the training courses of the Earth sciences has long been ripe. Its origins lie in the rapid expansion of the field of application of geospatial data, in the transformation of this sphere from a highly specialized to mass and, as a consequence, the needs of the aerospace business in obtaining highly qualified, erudite professionals. The development of aerospace education entails the need to develop new types of educational courses beginning with a school bench that will raise the prestige of earth sciences, break away from boring textbooks and bring the educational program in line with the needs of the economy and with the interests and capabilities of modern students.
15-25 905
Abstract
Companies from the “new” economy are quickly adapting traditional methods and approaches to increase business efficiency, including economic integrations with other market participants. In the IT industry partnership programs and strategic alliances have become the critical factors in the competition. At the same time, there are a lot of specific industry features in the construction of those economic integrations, related to rapid change in the expectations of market participants. The article describes typical partnership programs and strategic alliances in the IT industry, gives classifications and examples from the Russian and Global markets for software and hardware development and system integration. The paper also analyses essential industry specifics, shows their impact on the cost structure of participants and the speed of strategic decisions in the field of business development. The article defines a relationship between typical economic integrations in the industry: from affiliate programs to M&A deals.

WORLD ECONOMY

26-33 1879
Abstract

Topic. The aggravation of geopolitical, environmental and social risks creates new uncertainty in international economic relations. The challenges of the fourth industrial revolution reinforced the monetary, financial and commercial-industrial confrontation between the old and new leaders of the global economy in an effort to maximize individual access to global financial, informational, natural, intellectual and technological resources. In the course of toughening global competition, the USA, as the issuer of the key reserve currency, continues to use the “exorbitant privilege” — extracting investment and financial rent from the global turnover of goods and services. The need to ensure economic security and maintain financial sovereignty in the context of ongoing economic sanctions encourages Russia to actively participate in the creation of a payment and settlement infrastructure independent of the US dollar.

Purpose. The article aims to summarise the experience of managing the economy based on the two-contour monetary system; secondly, to justify its use in creating an independent system of mutual settlements in the EAEU countries in the context of de-globalization and sanctions.

Methodology. In the study, we applied a dialectical approach. In conducting the study, we used general scientific methods of analysis, synthesis, generalization, as well as methods of systemic, historical-logical and comparative analysis.

Results. The functioning of a two-contour monetary system as a whole yielded positive and in some cases outstanding results of socio-economic construction and the creation of a new type of economy, such as, for example, the European model of the social market economy, the CMEA industrialization model, the Soviet economic model. A non-standard approach to the organization of financing of new industrialization in the Eurasian economic space was proposed based on the use of a two-contour monetary system.

Conclusions. The implementation of the project of cross-border settlements between the EAEU countries using the experience of a two-contour monetary system is a promising direction for the development of cooperation between Eurasian countries on a new economic basis.

34-43 630
Abstract
The food problem in the Arab region is the constant irritating factor. It depends almost in a full way on the severe local climate and with characteristic the lack of fertile land. It is also integrated rigidly into the general framework of factors of paramount political importance to keeping social calm practically in every place in the Arab East. Presently, high hopes are put on implementation of the sustainable growth concept which found itself capable to take over some niches in the international field while nowadays is penetrating by some of its elements and in a step by step mode in the form of materialised green growth idea into various practices in some Arab countries, including the Arab oil-exporters where it comes in sight more distinctly in the form of relatively broad experiments.

REAL SECTOR

44-53 2603
Abstract
The volume and dynamics of foreign investments are formed under the influence of many conditions and circumstances. The author of this article examines the impact of one class of factors that determine the dynamics and geographical structure of Russia’s foreign direct investment inflows outflows. These are anti-Russian sanctions imposed by a group of States in 2014 to isolate the Russian Federation in the field of politics, finance and economy, science and technology, information and culture. For these countries, Russia is not a priority investment target. The share of the Russian Federation varied from two to five per cent, and rarely exceeded 10 per cent of the total volume of these countries foreign direct investment net outflows in 2007–2018. The author presented in this article the positive and negative aspects of foreign direct investment, their dynamics before and after the imposition of sanctions. In particular, the author shows that the reduction in the foreign direct investment net inflows from Russia to the sanctioning countries was less significant for the leading EU States — Germany, France and United Kingdom — than for many other sanctioning countries The cuts in Russia’s foreign direct investment net outflows had almost no impact on the United States who was the main initiator of anti-Russian sanctions.
54-61 974
Abstract
Profitability analysis of business segments in Russian and foreign practice is an instrument of operational activity and strategic development for any company. Such analysis allows making effective managerial decisions based on its results. The subject of our scientific research was the segmentation of business and its processes to develop the main methodological aspects in the field of financial and economic activities of companies in various areas of activity. The purpose of the analysis of the profitability of business segments of economic entities in current severe operating conditions is predetermined by the timely and operational identification of ‘sick’ places of financial and economic activity. The objectives of this study are due to the importance of developing a methodological and methodological approach to identify positive and negative results of financial and economic activities through operational and geographical segmentation of the company’s business processes.
62-76 654
Abstract
The article discusses a new branch of industrial policy — support of high growth firms (HGFs, gazelle firms). Methodologically, the article is the first in Russia analysis of the international literature on the state programs of stimulation of the HGFs. The period, starting with the first publications on this topic in 2005–10 and ending with modern editions, has been covered. The primary purpose of the article was the establishment of the place of the policy of support for the HGFs within the framework of industrial policy, as well as to establish the changes that this new type of policy makes to economic regulation in general. Significant differences between the policy of support for HGFs and public policy on small and medium-sized enterprises, as well as differences from innovation policy, have been revealed. We proved that in the stimulation of the HGFs is particularly acute the generic and, at the same time, the most controversial feature of industrial policy — its selectivity, i.e. targeting specific economic actors, rather than the whole economy.

ECONOMIC THEORY

77-87 722
Abstract
The article presents three Nobel Prize winners in economic sciences 2019 as well as the results of their researches. The paper highlights the primary goal of the laureates’ research aimed at improving the effectiveness of foreign aid to poor countries. Along with this, the author considered three achievements of the winners noted by the Nobel Committee: randomized field experiments, establishing new links between microeconomics and macroeconomics, the original method of research on the causes of poverty. The winners showed that financial assistance to poor countries should be accompanied, and possibly preceded, by pilot studies of the effectiveness of this assistance. The primary way to improve the efficiency of foreign aid laureates see in creating conditions for self-improvement of their situation by low-income families. And this, according to the laureates, can be achieved through solving the problems of health and education in countries receiving foreign aid. To verify that idea the laureates conducted experiments in Kenya, India, other countries in Africa, Asia, and Latin America. The author also provides evidence that foreign aid to poor countries is less than cash flows going in the opposite direction.
88-100 1191
Abstract
In this article, the authors carried out the analysis of principle implementation and application efficiency of strategic forecasting and strategic goal-setting mechanisms in the field of social-economic development. According to the authority distribution in the state management system, we propose to optimize the set of basic documents of strategic planning. Taking into account the criteria of necessity and sufficiency, as well as the existing mechanisms of state management, the scope of regulation, purpose and functional tasks of strategic planning documents at the federal and sectoral levels are specified.

FINANCIAL ANALYTICS

101-107 656
Abstract
The processes of globalisation and internalisation in the world community, the development of high technologies and new industries, the digitalisation of the economy lead to the need for training with a fundamentally new set of competencies to meet the needs of customer organisations. The article is devoted to the study of cognitive competencies as key components in the structure of a university graduate’s personality in the knowledge-digital economy, which is in demand in the labour market. The article deals with the trend of changing the educational paradigm, based on updating the methodology of the modern educational process, including through the integration of educational, research and innovation activities as a strategy for the development of the modern economy. The necessity of inclusion in the list of key competencies of graduates. The author also discusses the concept of “cognitive competence” formulated by leading scientists involved in the study of this problem. The article presents the author’s model and structure of cognitive competencies developed for University graduates in the new economy, which is a set of development of mental, physical, emotional and spiritual intelligence. The author paid special attention to the fundamentally new role of the teacher in the educational process, in which the student does not just receive information from the teacher, but learns the methodology of independent “production” of knowledge.
108-122 702
Abstract
Over the last decade, the health care system in Russia has carried out significant reforms: changes in the budget network regulation, the introduction of financing standards, the May Decree No. 597 implementation regarding specific categories medical organizations employees’ salaries, the transition to single-channel financing. At the same time, the results are ambiguous: against the background of noticeable optimization achievements, while maintaining the indicators of surgery operations performed, and patients served, there was an increase in the overall mortality rate in the country. This study aims to evaluate the effect of health care reforms in the 2010s. The data envelopment analyses (DEA) used to estimate the government regional health sector efficiency to reveal the most and the least efficient regions. Then the factors with the most significant impact on the resulting performance indicator are identified. Among such factors, the organizational and legal structure of the region budget network and the transition to single-channel financing dummy variable are analysed. The results show that the transformation of institutions into autonomous ones according to the Federal law 83-FZ did not have a positive impact on the efficiency of the regional health care system. At the same time, the transition to single-channel funding has had some positive effects, which, however, has not been sustainable over time, and therefore more research is needed after the later periods’ data accumulation. Although the changes had some impact on the performance of the budget network institutions, they did not solve the fundamental problems of the health system, such as chronic underfunding and regional differentiation.


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ISSN 2220-6469 (Print)
ISSN 2220-7872 (Online)