WORLD ECONOMY AND INTERNATIONAL ECONOMIC RELATIONS
The article analyzes the current policy of ensuring technological sovereignty in China in the context of growing global turbulence. For half a century, China has traditionally paid significant attention both to the country's innovative technological development and national independence at the state and public levels in this area. For that the state provides financing for leading breakthrough innovative and technological areas, contributes to the growth of demand for innovations in the national economy among legal entities and individuals, forms a self- developing institutional structure of the innovation ecosystem, creates conditions for personnel growth. Due to international cooperation and China's desire to enter the global innovation system for effective interaction at the global level, the country has significantly advanced in the world innovation rankings and achieved substantial results in a number of key technologies. At the same time, the Chinese leadership sets new long-term goals and forms appropriate plans for the development of the innovation sector in order to achieve new results implying the challenges that China faces in the technological sphere against the background of the trade war unleashed against the PRC by the United States and a number of other Western countries. The purpose of the article is to analyze the stages of China's innovative and technological development, as well as the results that the country has managed to achieve over a number of decades. The article shows that China has sufficient potential to ensure technological sovereignty in key technological areas based on a common high and dynamically developing economic situation, a capacious domestic market, significant financial opportunities – national and attracted – and international cooperation.
The modern world market for arms and military equipment (WME) is experiencing a whole range of structural and dynamic changes caused by numerous global problems in the development of the world economy, the nature of competition in this market, as well as the formation of a multipolar world order. The purpose of the study was to assess possible changes in the long-term program of research on international trade in arms and military equipment, taking into account the specified triggers. As the research has shown, the political economy of global arms and military equipment exports is undergoing a significant transformation when, with the emergence of new players in the global arms and military equipment market, its qualitative characteristics and development parameters change, unconventionally affecting global demand and supply for weapons. In turn, the dynamics of defense spending have an ambiguous impact on the market under study, which can both crowd out investments in other sectors and affect the economic growth of the country and its position in global arms and military equipment exports. Finally, the global arms and military equipment market is witnessing serious and previously unknown changes in the global architecture of multilateral regulation, which determine the formation of global value chains within the framework of military-political blocs. These transformations lead to a new understanding of international cooperation between countries exporting and importing weapons and military equipment and form a new set of research problems.
Globalization, characterized by the growing mobility of capital, people, ideas and information on a global scale, has become an urgent topic in the modern world. It is obvious that tourism and related economic activities are not protected from such a broad context of the global economy. Over the past decade or two, there has been a steady increase in international tourist flows, interregional and inter-organizational alliances, as well as foreign direct investment. These trends are especially prevalent in developing countries, mainly due to their pristine nature, diverse culture, inexpensive goods and services, cheap labor and other resources. However, some scientists warn that tourism is an industry run by richer, more powerful countries and their respective multinational corporations. The article presents a detailed study of the essential nature of the category "tourism" from the point of view of economic and social activities. It is proved that the basis of tourism as a multidimensional economic and social category is determined by two groups of principles: fundamental and desirable. It is concluded that tourism, as an important component of the modern world economy, inevitably becomes involved in the process of globalization. New opportunities for exotic travel are opening up for tourists, offering authenticity and uniqueness, and this in turn forces the tourism industry to look for new alternatives to classic tourism.
ECONOMIC INTEGRATION
The article analyzes the development of foreign trade in the countries of the Shanghai Cooperation Organization (SCO) for the period 2000–2022 in the commodity segment. The predominant and dominant role of China both in the international market and in trade with the SCO states is shown. It is concluded that, along with the growth of mutual trade in the SCO space, the imbalance of trade flows in the future may contribute to the development of negative phenomena, especially in the case of a transition in this trade to settlements in national currencies. The article shows that the SCO countries, especially China and Russia, have intensified and strengthened their presence in the innovation sphere and the global digital segment. The interaction of the SCO countries in innovative and digital directions, according to the author, makes it possible in the future to increase the SCO’s digital leadership in the global economic space and implement digital solutions in other SCO countries, which are less actively developing and using digital tools today. The Shanghai Cooperation Organization has been developing various areas of bilateral and multilateral cooperation between partners for more than 20 years. One of these areas is the transport sector. The importance of this area is growing both in national economies, for example, in China, and in cooperation. The article describes new modern directions of cooperation between the SCO countries in the transport sector. This strengthens the integration processes in the interstate association in the field of economics, transport and improvisation.
The relevance of the research topic is explained by the fact that at the moment, the participation of the GCC in international economic relations, the world economy, international trade, regional integration and global globalization plays a significant role. Since the integration process is complex, multilevel and unambiguously slow, it is possible to give an objective assessment of the situation of integration on the world stage exclusively in dynamics, therefore, in order to maintain the fundamental nature of the study of this issue, periodic studies remain always relevant. The GCC unites a group of Arab countries with highly specialized developing economies, some of which are in leading positions in the production and marketing of oil and petroleum products around the world. In addition, the official statements of the heads of state on the development and diversification of integrated economies indicate that the study and identification of the features of the Middle East integration grouping will contribute to strengthening ties with the GCC of both third countries and its member countries. The aim is to identify trends and features of the GCC economic integration at the present stage through theoretical, statistical data, macroeconomic indicators, SWOT and PEST analysis. Methodological basis of the study: reference literature, international statistical data from official sources (UNCTAD, WTO, TradeMap, World Bank and others), comparison of the indicators found and obtained. The analysis confirms the relevance and importance of further study of socio-economic processes in the GCC countries, which contributes to a deeper understanding of them as a basis for further research.
The relevance of the study lies in the fact that in the context of international political and economic tensions, the role of regional integration is more important than ever. Despite the fact that the EAEU is one of the youngest integration associations in the world, the history of its existence testifies to the importance for both participating countries and third countries and the global economy, as well as conducting joint policies in various spheres of international relations. The article provides an analysis of trade and economic cooperation between the EAEU countries from the point of view of studying the history and causes of its appearance, the current state and development prospects. The current state and features of trade and economic cooperation between the EAEU countries, the main macroeconomic and trade and economic indicators of the EAEU member states are considered. It is shown that since the creation of the EAEU in 2015, measures have been taken and successfully implemented aimed at identifying and gradually eliminating factors hindering the development of integration processes. With the help of the created strategies for the development of the grouping, supranational bodies strive to minimize the influence of internal and external factors on the growth of the economies of the member countries of the union. The EAEU has significant economic and trade, as well as investment potential. According to the authors, it is important for the EAEU countries and the association as a whole to more actively implement measures aimed at maintaining the economic security of the association and the participating countries, which requires new unified approaches to training at the country and regional levels.
FOREIGN ECONOMIC RELATIONS OF THE RUSSIAN FEDERATION
The article shows the importance of the Eastern Landfill modernization project for the development of Russian regions and the country's economy. The chronology of the implementation of the Eastern Landfill modernization project and its prospects are given, taking into account existing plans for the development of freight capacity, as well as the forecast of demand for domestic, export-import and transit cargo transportation. The influence of the curtailment of Russia's cooperation with Europe and the turn to the East on the change in the dynamics and structure of Russian rail freight transportation is analyzed. It is shown that the project of modernization of the Eastern Polygon in the context of the observed fragmentation of the global economy will enhance Russia's role in the promising Asia-Pacific region and strengthen long-term cooperation with its strategic partner, China.
In the article the level of food security of the ASEAN countries and Russia was determined using the Global Food Security Index, on the basis of which an analysis was made of the demand for each of the economies of the Association and the possibilities of trade cooperation with Russia in certain categories of agro-industrial products. Additionally, the article shows the key trading partners of the ASEAN countries in both export and import of agricultural products, and also identifies the position of the Russian economy among the category of so-called “other trading partners”. Based on statistical data, taking into account the current volumes of trade potential of the Russian economy, three categories of ASEAN countries were identified, for each of which a categorical analysis of the demand for agricultural products was carried out and the potential for interaction with Russia was identified.
The relevance of the topic of the scientific article is determined by a number of circumstances related to the fact that the oil and gas industry is one of the main sectors of the Russian economy, as well as an important component of domestic exports. The sanctions of Western countries on the economy of the Russian Federation have had a noticeable impact on the operating conditions of the industry and the requirements imposed on it by the world and the national economy. The article formulates the challenges facing the industry, which is under sanctions, and shows the possibilities of its development in 2024 and in the future. According to the author, the effectiveness of industry management, improvement of technologies, logistics, as well as the search for non-traditional sales markets are of fundamental importance today. The purpose of the article is to identify the problems of the domestic oil and gas industry that arose in the sanctions conditions, to identify realistic directions for its development. The subject of the study is the hydrocarbon industry of the Russian Federation, the object of the study is changes in the domestic energy sector under the influence of Western sanctions. The article used analytical, comparative, empirical methods and visualization. It is shown that along with the development of traditional energy in the Russian Federation, it is important to pay close attention to the intensification of activities in the field of renewable energy sources. A number of measures have been proposed to reduce the negative impact of sanctions on the hydrocarbon segment of the domestic economy.
The article analyzes the processes of import substitution in the high–tech segment of the economy of the Russian Federation - in the IT sphere. The purpose of the article is to explore the modern features of the Russian IT market of new trends. It is shown that import substitution can play an important role in stabilizing and balancing the market, which is confirmed by research by serious authors, including domestic ones, and the existing practice in the world – both developed and developing countries. The article shows that one of the directions of sanctions imposed by Western "partners" against the Russian Federation was the desire to undermine the domestic IT sector. For this purpose, in 2014–2023, almost all significant foreign actors left our country. However, the domestic IT market has shown growth 2 times higher than the global figure. This was facilitated by the general economic growth in the Russian Federation, the growth of state support for the industry, significant investments by domestic enterprises in the IT sector, as well as the need to ensure national technological sovereignty and general economic security. The author comes to the conclusion that the IT market in Russia has not only been preserved, but has also been further developed both in quantitative and qualitative parameters, which confirms, firstly, its resilience, and secondly, the presence in our country of technical, financial, qualification, scientific, innovative as well as infrastructural opportunities for its development. The policy and practice of import substitution played a crucial role in this.
In modern conditions of chaoticization of the system of international economic relations and foreign economic activity of business entities, the tasks of improving the management of foreign economic activity of enterprises by the state and the formation of its embedded mechanisms to ensure the protection of state security in the world market are actualized. The purpose of the article is to analyze the topical issues of foreign economic activity transformation in the context of global instability. According to the author, in the system of state regulation of foreign economic activity of an enterprise, the implementation of an integrated foreign economic activity management system will be timely, which will significantly offset the problems existing in subjects of foreign economic activity related to external factors. However, it is impossible to quickly adjust to dynamically changing conditions and ensure management consistency, increase the efficiency of foreign economic activity of domestic enterprises and protect state economic security. The main goal of the transformation, according to the author, is to provide the necessary transparency and flexibility in the management system of foreign economic activity both at the state level and at the level of a specific subject of foreign economic activity, which is very important in the context of growing instability of the macroeconomic environment. Priorities in the context of growing global instability are to increase the efficiency of foreign economic activity, the competitiveness of the economy and the protection of economic security.
CUSTOMS SUPPORT OF FOREIGN ECONOMIC ACTIVITY
One of the main features of the Russian pharmaceutical market is that imported pharmaceutical products significantly predominate in its structure according to the criterion of origin. The high share of imports of medicines is due to the need to provide the population with high-quality medicines, including vital medicines, analogues of which are not produced in the Russian Federation. In this regard, consideration of issues related to the customs regulation of imports of pharmaceutical products is particularly relevant. The mechanism of state management of the foreign trade sphere covers a variety of instruments that have a direct or indirect impact on current economic processes, the main of which is customs regulation. The priority area of the customs mechanism is the formation of a favorable economic environment for national production. The customs authorities of Russia are directly involved in regulating the import of pharmaceutical products in order to ensure the economic security of Russia, monitoring compliance with relevant prohibitions and restrictions by participants in foreign economic activity. In the course of the conducted research, it was found that the mechanism of customs regulation of the import of pharmaceutical products is crucial in the formation of foreign trade turnover of goods of the studied commodity group.
ISSN 2414-4649 (Online)