WORLD ECONOMY AND INTERNATIONAL ECONOMIC RELATIONS
The countries of Western Asia simultaneously act as centers of attraction in the processes of international labor migration, and countries, which let their citizens travel abroad to find work (are labor migrants). We analyze the situation in the field of international labor migration in 14 countries of Western Asia, excluding the former republics of the USSR, such as Armenia, Azerbaijan and Georgia, which are now included by international organizations in the group of countries in the region. The situation in the field of labor migration in the region is being updated in connection, firstly, with the growth of the economies of the countries of the Cooperation Council of the Arab States of the Persian Gulf (GCC) and, in general, some stabilization of the socio-economic and political situation in the West Asian region, secondly, with the trends to overcome the restrictions that took place due to the spread of coronavirus infection in the world and in the region, and, thirdly, with the region's attempts to transform the national economy and implement new advanced industries and productions based on innovation and digitalization. It is important to study the experience of the GCC countries in the field of labor migration in order to increase the efficiency and reduce the costs of MMRS in the Russian Federation. The article attempts to analyze the situation in the field of international labor migration in Western Asia, and primarily in the GCC, which actively accept labor from other states of the region and non-regional powers. The author concludes that the region will retain its role as a receiving center for foreign labor in the future on the basis of an adequate policy of the recipient countries. The geography of the countries of origin of immigrants also generally remains unchanged. The research period covers 2000–2022. The author used traditional methods of economic analysis to conduct the research. The sources of statistical information were data from international databases, primarily UNCTAD, as well as regional reports of international organizations.
The relevance of identifying the relationship between structural shifts in industry and the impact of exports of high-tech products on the price and cost parameters of the domestic markets of the leading countries of the modern world economy is caused by the need for a comprehensive study of uncertainty and imbalance under the influence of structural-cyclical factors of market development. The development of relevant models that contribute to the identification and empirical justification of the desired relationship from the standpoint of partial equilibrium in the external and internal markets of the United States and China has both theoretical and applied significance in the context of the reindustrial turn based on convergent technologies. The purpose of modeling is to establish and substantiate the possible relationship between structural shifts in the industry and the impact of exports of high-tech products on the domestic markets of the United States and China. On the basis of previous experience, a complex econometric model has been developed, including computational-mathematical and regression-functional tools that allow analyzing dependent and factor variables within two successive cyclical waves of the current century. The interrelations of structural shifts in industry and the impact of exports of high-tech products on the domestic markets of the leading countries of the world industrial and technological rivalry – the USA and China – have been identified and substantiated. The modeling performed allows not only to identify comparative advantages at the country, national-economic level in terms of the impact of convergent technologies on the structure of production and exports in various cyclical variations, but also reflects the utility function for consumers of high-tech products in the domestic market of the United States and China. The dependences revealed as a result of modeling not only empirically, but also conceptually link the competition between manufacturers of high-tech products of each of the countries, alternately correlated as an exporting country and a global exporting country of the corresponding commodity groups. This creates a unique opportunity to show the multi-level relationship in the system "structural shifts - exports - domestic market" by comparing the dependent and factor variables of econometric and regression calculations. The results obtained correspond to the current practice in the world economy, revealing the desired relationships more consistently than when analyzing the competition of specific companies operating in the oligopolistic markets of the compared exporting countries.
The carbon tariff policy of the EU seeks to lessen emissions and promote the use of renewable energy sources. EU member states primarily undertake a number of fiscal and tax policy measures, such as taxation and preferential tax policies, government procurement policies, and financial subsidy policies, in relation to the carbon emissions trading system. to promote the creation, use, and development of renewable energy. Thе article does multiple linear regression analysis on the variables carbon emission intensity and per capita energy consumption, industrial production index, and per capita GDP based on pertinent data from 8 nations in the European Union from 2013 to 2019. The financial subsidies, green procurement regulations, and tax laws of EU nations participating in the carbon emissions trading system are examined in detail based on the findings, offering other nations useful real-world experience.
According to economic theory and practice, for decades, inflation as a process and phenomenon has been immanent in any market and/or mixed economic system. Being one of the forms of expression of macroeconomic instability, inflation reflects the state of "health" of the national economy. The study of its features and modern patterns, as well as country-specific aspects in order to reduce the negative consequences of cyclical fluctuations, is extremely actualized in conditions of the level of international instability that is currently observed and, of course, exerts its pressure on the situation in the Russian Federation. The article examines the dynamics, factors, features and patterns of inflationary processes in the Russian Federation over the past 5 years, since, according to the author, they are largely related to the sanctions pressure that the national economy cannot but feel since 2014. The article shows the fundamental and growing role of the leading countries of the world economy, primarily the Group of Seven, in global inflationary processes. These States, as follows from the study, have failed to adjust their national regulatory systems to new phenomena in the world. Thus, the BRICS countries have much more stable economic systems, as well as transform national monetary policy instruments and use more modern methods. At the same time, despite the record number of external economic sanctions, the Russian economy can be characterized as quite successful and stable, although it retains a number of problems, including internal ones, the most important tool for solving which is import substitution. Based on the data from the international database of UNCTAD, a comparative analysis of the dynamics of inflation in the Russian Federation and in other countries of the world with the global situation as a whole was carried out.
FOREIGN ECONOMIC RELATIONS OF THE RUSSIAN FEDERATION
The policy of sanctions’ restrictions, being persistently carried out by the European countries, isn’t crowned with expected results and has more sharply attracted attention to European problems. The hypothesis is, that immersing into economic withstanding leads into trajectory of discussing in ideological context. Value problematic becomes important because liberalism has stopped be identified with idea of freedom and something common in human nature, we need search for possible variant of common existence in the future Europe – for rightful dialogue originated from pluralism of values, not from conditions of deal, whether the “grain”, “gas” or “green climate”. Germany and Russia were always connected by dependent relations, which determined it’s important role in Europe. The stereotype of “notorious German legitimacy, following the order established”, according to which Germany more needs habitual longstanding coordinates then abstract freedom, keeps hope, that Germany the first will realize and continue to uphold the single and multivariant possibility of existence of the Europe common with Russia, of continuing the interaction with Russia in the most important questions: military and energetic safety, economic and investment cooperation, scientific and cultural-educational exchange. Russian-German relations were traditionally a guarantor of stable Europe and its worthy place in global architecture. There will be no exclusion now. Rules will change, but place and role of Russia on Eurasian continent for objective reasons is an axiom and isn’t a subject to reconsideration by initiators of withstanding. Their destructive role consists in cleaning and preparing the place for relations of new level for good of common Europe.
Bringing business (products or services) to international markets reveals the potential for revenue and profit growth of companies. Statistical data confirm the fact that in modern conditions, the level of involvement in the export activities of Russian small and medium-sized businesses is insignificant. This is often due to the lack of experience and knowledge on the basics of foreign economic activity among owners and business leaders. Entrepreneurs, even successfully developing their business in the Russian market, as a rule, have little idea of the criteria for choosing a country for export, the procedure for selecting a foreign partner, the specifics of all procedures for bringing business to international markets. The Russian government is taking significant steps to support business in this direction. Today, thanks to the improvement of legislation, as well as consulting and marketing support from the state, the procedures for entering the international markets of domestic producers have been significantly simplified. Taking into account the analysis of indicators characterizing global trends in foreign trade activity, the article offers various methodological approaches to determining the geography of trade and economic activity in the conditions of the formation of Russian business.
The article is devoted to trade and economic cooperation of the Russian Federation in the realities of 2022–2023. The topic was updated in connection with the tightening of economic sanctions against the Russian Federation, which Western "partners" continue to impose in the hope of still worsening the state of the Russian economy. The paper presents and analyzes the statistical data of the Federal Customs Service of Russia on the trade turnover of the Russian Federation in the specified period with the EU countries, the EAEU, the SCO states, including China – modern trading partners of our country. In addition, the author substantiates the point of view that, firstly, sanctions are limited in nature, and secondly, the economic isolation of Russia, even from the EU countries, remains, in the author's opinion, very incomplete and is often overcome by Western "partners and their business entities throughout the period. The article shows that the relations between Russia and the European Union in terms of mutual trade, although they are at the lowest point in their history, however, there are solid foundations for their restoration, since, in general, taking into account the possibilities of parallel imports and official sanctions, EU trade with Russia not only did not stop, but also grew by some areas that have not been sanctioned. In conclusion, the author's proposals aimed at the further development of foreign trade of the Russian Federation in the face of sanctions, as well as to support certain industries in the face of the need to increase import substitution and ensure the technological sovereignty of the Russian Federation are presented.
During the implementation of the national project «International Cooperation and Export», ambiguous information support was formed. He is the least known. The regional project «Systemic measures for the development of international cooperation and exports», which is part of it, needs to be evaluated. There are conditions for hiding the planned results of the project. The purpose of the article is to assess the information availability of the project results on the example of the regions of the Ural Federal District and to develop recommendations for its improvement. The significance lies in the identification of two types of information. The Information Accessibility Index has a novelty: the first sub-index takes into account the regularity and prevalence of information, the second – the number of actions and the usability of the result. The spontaneous nature of the activities of the authorities on informing has been established. Examples and experience of information accessibility are systematized. 5 regions of the Ural Federal District have medium and low information availability of results (less than 1,34 points). Recommendations have been developed for the authorities. The principles obtained can be used as a basis for the development of standards for the publication of information.
In a turbulent economic macro-environment, to ensure sustainable development of the state and its regions, classical commodity exchange operations are being reformatted both through changing basic partners, changing the geography of markets and product lines, and through intensifying the launch of new multinational production projects that make it possible to compensate for the loss of part of foreign supplies in the format of import substitution , generate innovative solutions based on synergy that become domestic intellectual property. The Republic of Tatarstan is one of the supporting regions of the Russian Federation, a leader in many macroeconomic indicators, investment attractiveness and quality of life. Its developments in the field of international relations and trade are analyzed from the standpoint of efficiency, features of the work of infrastructure elements, such as special economic zones, foreign representative offices, business missions, the Chamber of Commerce and Industry, the Investment Development Agency, and the Export Support Center. Conclusions are drawn about the intensification of all types of cooperation with the People's Republic of China, countries of the Muslim world and with various countries of the EAEU and the CIS, indicating the determining role of the economic structure of all partners, including the presence of preferential regimes of interaction. If increasing global trade turnover is clearly a positive process, then the selection of international industrial cooperation projects should be accompanied by in-depth business analysis of the complementarity of the goals and capabilities of the countries participating in industrial cooperation. Another important conclusion is the need to analyze the potential of Russian regions to identify opportunities for scaling the experience of Tatarstan - the presence of a foundation of industrial cooperation that is mutually beneficial for all parties and infrastructure that ensures the effectiveness of international cooperation. Differences between the Russian and regional economy as its meso-level may lead to an unsuccessful attempt to scale the best practices of the Republic of Tatarstan. In this regard, it is proposed to create a system for connecting part of the regions of the Russian Federation to the channels of international cooperation created in the Republic of Tatarstan to enhance interaction primarily with partners from the countries of the Islamic world.
Increasing the number of high-performance workplaces (HPW) in the regions contributes to the concentration of highly paid and qualified specialists, the growth of tax revenues to regional budgets, the development of innovative infrastructure and the improvement of people's quality of life. At the same time, a significant increase in high-performance workplaces is observed in the regions where large urban agglomerations are located. However, not all regions have large agglomerations that could create favorable conditions for active socio-economic development. The purpose of the research is to develop ways to spread the positive effect of the development of agglomerations not only to their regions, but also to other territories. The research conducted by the authors allowed identifying the factors that most strongly contribute to the growth of the HPW in the regions. These factors are the level of wages in the subjects of the Russian Federation and the capital ratio. Analysis of statistical data identify fifty-seven subjects of the Russian Federation, leading in terms of indicators characterizing the conditions for the formation and growth of high-performance workplaces. Among them, twenty-two regions are leaders in four or more of the seven indicators. Of these, sixteen are large agglomerations or territories where they are located. In the research, the authors concluded that it is necessary to create regional development corridors between agglomerations, the subjects of the Russian Federation on whose territory they are located, and other territories through the implementation of interregional infrastructure and economic projects. It can contribute to the spread of economic development impulses.
ЦИФРОВИЗАЦИЯ И ЦИФРОВАЯ ЭКОНОМИКА
This article examines new technologies that enable government and business to accelerate their digital transformation and even change its scope. Digitalization is inextricably linked to the innovative development model of both private company and state in order not to lag behind in the global technology race. With the rapidly developing digital economy and the increasing use of artificial intelligence, the problem of applying these technologies in public administration is becoming more and more urgent. The development of effective strategies and methods for integrating new technologies into public administration processes is crucial for increasing the efficiency and transparency of government and various economic processes, improving the provision of services to citizens, and ultimately for ensuring sustainable and balanced development of society and the economy. Nevertheless, the application of such technologies in public and private administration brings with it a number of challenges and problems. For example, it is related to ethical and legal issues of using artificial intelligence, the problem of data security and cybersecurity, as well as the need to train qualified specialists capable of working with these technologies. In this context, the relevance of the topic of this article is determined by the need for an in-depth study of the potential for the application of digital transformation technologies in public administration, economics and finance.
Advances in artificial intelligence, robotics, neural networks, artificial limbs and systems, automation, virtual and augmented reality, machine learning, and other fields hold great promise for improving efficiency and knowledge acquisition. Decentralization is one of the trends in the modern global finance market. The growth and active development of the Islamic finance and banking industry, the growth in the number of Muslims in the world and other factors determine the interest of researchers in digitalization issues. This paper is devoted to the study of the possibilities, approaches and views on the use of digital currencies from the point of view of Islamic finance. Methods of analysis and synthesis, comparative analysis are used. The approaches of various countries of the Muslim world to the introduction of digital currencies are analyzed, ongoing projects are considered. In the Islamic world, there has not yet been a consensus on the permissibility and scope of the possible use of digital currencies. The authors conclude that, in general, digital currencies can be harmoniously used within the concept of Islamic finance. This is facilitated by such factors as the transparency of decentralized finance and digital currencies, the contribution to the protection of the wealth of society, the focus on social benefits, which is in line with the good goals of Islamic finance and its social value.
ISSN 2414-4649 (Online)