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Archive / 2011

Download No 5, 2011
No 5

Economic Policy


The Leading Countries in the Global Economy
The author examines the position of global players in the world market after the crisis. He expresses concern about the situation in the world economy. Necessity of fiscal consolidation of developed economies is disclosed.
Key words: global economy, fiscal consolidation, crisis.

Alexei Kudrin, Cand. Sci. (Econ.).


Why We Do not Keep up with Advanced Countries?
Basing on the examples of real sector, financial system and social sphere the author compares the experience of leading countries and Russia. It is shown that Russia badly consider the best foreign experience on key issues of socio-economic development, but largely ineffective pave their way, leading to a deadlock. The same way we do with our own best practices. In addition, we are not learning from the failures of our economy in crisis years. The conclusion is obvious — it is necessary to keep up with the best foreign and domestic experience.
Key words: real sector, financial system, social sphere, foreign experience.

Abel Aghanbegyan, Academician, Russian Presidential Academy of National Economy
and Public Administration (82, prosp. Vernadskogo, Moscow, 119571, Russian Federation).


Agrarian Reform by Peter Stolypin
The article is devoted to analyzing the essence of Stolypin’s agrarian reforms. The author takes it in comparison with outcome of the peasant reform of 1861 and evaluates it as its logical extension. Commending the Stolypin’s reform in general, he believes that in case of its full completion it would lead to a real solution of the agrarian and in particular the land question in Russia and ensure the successful development of domestic agricultural production.
Key words: agricultural production, Stolypin’s agrarian reforms, peasant reform of 1861.

Gennady Bogomazov, Dr. Sci. (Econ.), Faculty of Economy, St. Petersburg State University
(62, Tchaikovskogo ul., St. Petersburg, 191123, Russian Federation).

Classics of Economics

Economics of Information
The author systematically examines one of the important issues of information — establishing the market price. He introduces the concept of “search” — where a buyer wanting to get a better price, is forced to question sellers. The article deals with various aspects of finding the necessary information.
Key words: information, market price, search.

George J. Stigler, University of Chicago (USA).

Political Economy

Economics without a Man
Economics, economic theory reign supreme in the human sciences. However, despite the global claims, the application of economic theory in practice is fraught with disaster. Perhaps the reason for all of our failures is that the economy explores the primitive model of “homo oeconomicus”, ignoring all human traits and incentives.
Key words: economy, economic theory, “homo oeconomicus”.

Olga Luzhkova, Cand. Sci. (Econ.), associate professor, Chernomyrdin Moscow State Open University
(22, ul. Pavla Korchagina, Moscow, 107996, Russian Federation).
Capitalism: What's Next? (To a New Economic Paradigm)
The authors believe that in the nearest future a dominating neoclassical paradigm of development has to be changed for a synergetic one. As a result, capitalism will give place to a socio-economic system bearing essentially different features, first of all, a new structure of the market with the priority of the strategic market; the mechanism of convergence between financial capital and the state. That entails principally new mentality of society, encouraging much higher social energy.
Key words: economic synergetics, globalization, integral market, capitalization of economy, financial capital.

Ludmila Evstigneeva,  Dr. Sci. (Econ.).
Ruben Evstigneyev,  Dr. Sci. (Econ.).

Economics of Transport

Reform Of The Russian Railways: an Unfinished Drama
Describes preliminary results of the three phases of structural reform of the Russian railways and the present problems on Russian railways. The author show that reforms had been implemented in some segments of the industry, for example, in the operating cars segment has been tariff liberalization, private property, which is the growth of investment in the acquisition of fleet, increasing volumes of traffic. In other segments (infrastructure and locomotive department) remain State property and as a consequence the stagnation and shortage.
Key words: railway transport, privatization, investment, government regulation.

Farid Khusainov,  Cand. Sci. (Econ.).
Planning Budget Expenditures in the Development of the Transport Industry
This article analyzes the main methods and principles of planning budget expenditures in the financing of the transport industry to meet modern requirements for its technical re-equipment and modernization. The author identifies the advantages and disadvantages of government funding and makes recommendations to improve the of their use.
Key words: transport, government funding, efficiency.

Igor Freidin, director general, Directorate of the State Customer to Implement the Federal Program
“Modernization of Transport System of Russia” (Rostransmodernizatsiya) 
(11/2, bldg. 1, ul. Staraya Basmannaya, Moscow, 105064, Russian Federation).


Economics of Trade

The Causes and Consequences of Wal-Mart’s Growth
Wal-Mart is the largest company in the world, yet little is known about its economic impact. This essay discusses what is known about Wal-Mart’s competitive advantage and its economic impact on local communities, as well as the national and global economy, and highlights the open questions to be addressed by future research.
Key words: Wal-Mart, retail, competitive advantage.

Emek Basker, University of Missouri (USA).

Analytics and Forecast

The Development of Self-regulation of Business in Russia: Results and Recommendations
The article is devoted to the development of the self-regulation in Russia during the last 10 years. The research shows that the model of self-regulation chosen in Russia neither cuts the costs of regulation nor leads to the additional social gains comparing with the state regulation. The gap between self-regulation de jure and self-regulation de facto is one of the most serious problems. The author gives some policy advice on improvement of the self-regulation system in Russia.
Key words: self-regulation, business, state regulation.

Polina Kryuchkova, Dr. Sci. (Econ.), professor, subdepartment of Economic Analysis of Organizations and Markets,
National Research University — Higher School of Economics
(26, bldg. 3, Shabolovka ul., Moscow, 119049, Russian Federation).
The Development of Family Business in Russia
The article is devoted to the problems of formation, development, transfer and preservation of family business. There are the results of research and analysis of surveys conducted among a representative number of successful entrepreneurs of various sectors and regions of Russia. The stability of family business requires professional management and the continuous family involvement in supporting both strategic and current innovations related to the competitiveness of the family-owned companies.
Key words: family business, succession, education, cultural values, family offices.

Sergei Kalendzhyan, Dr. Sci. (Econ.), professor, Graduate School of Corporate Management.
Dmitry Volkov, Graduate School of Corporate Management.

Russian Presidential Academy of National Economy and Public Administration
(82 bldg. 1, prosp. Vernadskogo, Moscow, 117571, Russian Federation).

Effective Management of the Region: Results and Prospects
In the article the results of evaluating the performance of public authorities of the Amur region are considered, the analysis of the problems of inefficient use of budget funds and ​​recommendations to improve the dynamics of the region are made.
Key words: efficiency of executive bodies of state power, integrated assessment, rating, efficiency of budget spending.

Marina Dedjushko, Olga Tyutereva
Ministry of Economic Development, Industry and Transport of the Amur Region
(135, ul. Lenina, Blagoveshchensk, 675023, Russian Federation).
Alexander HELLER
On the Formation of the Federal Contract System for Public Procurement
Despite the sharp increase in criticism of the federal law “On placing orders for goods, works and services for state and municipal needs” is the only regulated, balanced and well-functioning part of the procurement process of budget organizations. The Federal Law No 94 without the fundamental changes can serve as a basis for establishing the Federal contracting system. FCC must be absorbed by the law on procurement and use as a base.
Key words: public procurement, state and municipal needs, the budget of the organization.

Alexander Heller, State Unitary Enterprise Agency for State Orders, Investment Activities and Interregional Relations of the Republic of Tatarstan (55, ul. Moscowskaya, Kazan, 420021, Russian Federation).
The Formation of the Institutional Conditions for the Development of Nanotechnology
with the Cluster Model
The article concludes on the need to more fully exploit the potential of different areas and forms of nanotech cooperation at all levels of the economic system, in particular through the cluster association. The most important organizing principles for creating clusters from the perspective of the development of nanotechnology are disclosed. Based on the findings made ​​in the article, a model of the Russian multiindustrial system using the cluster approach is considered.
Key words: nanotechnology, clusters, multiindustrial system.

Olesya Zhdanova,  Cand. Sci. (Econ.), Financial University under the Government of the Russian Federation
(49, Leningradsky​ prosp., Moscow, 125993, Russian Federation)
Vadim Zasko,  Dr. Sci. (Econ.), Russian Presidential Academy of National Economy and Public Administration
(82, prosp. Vernadskogo, Moscow, 117571, Russian Federation).
Fundamentals of International Tax Planning
International tax planning is more urgent for exporting companies, but it is important for small companies that want to enter the international market. Holdings are actively using tax planning in the Russian Federation and abroad. However, international tax planning can not be viewed solely as a scheme of tax evasion or as a way of loans or credit.
Key words: international tax planning, international market, tax evasion.

Ekaterina Shestakova, Cand. Sci. (Law), LLC “Actual management”.
Modern Russia: Modernization vs Tenevizatsiya
This article is devoted to the question of influence of shadow processes on the realization of government policy in the sphere of modernization of Russian economy. Author focuses on investigation modernization on each stage of reproduction process considering the impact of shadow economy. The main question of this article is: does shadow economy interfere improvement of economic sphere?
Key words: Russian economy, modernization, shadow economy.

Darya Morozova,  post-graduate student, Lomonosov Moscow State University
(1 bldg. 46, Leninskiye Gory, Moscow, 119991, Russian Federation)

The 20th Anniversary of “Leontieff Center”

20 Years from the Beginning of Economic Reforms and Perspectives
of Further Russia's Development
Andrey Zaostrovtsev, Cand. Sci. (Econ.), International Centre for Social and Economic Research — Leontief Centre
(25, 7th Krasnoarmeyskaya Street, St.Petersburg, 190005, Russian Federation).