The article examines the structure of the US public debt, makes comparative analysis of the periods of the US national debt sharp increase and intensification of the economic domination policy. It is proved that national debt is an instrument organically introduced into the economic mechanism of the US economy, which contributes to maintaining social stability in society. When examining the components of the US public debt, attention is paid to the social component, including medical care, pensions and migration burden on the US budget, as well as to role of fiscal policy in the development of the US national economy. It is revealed that the structure of the US national economy, despite the trends of the economic policy changes announced by the president, remains unchanged, inertial growth, practically not associated with the activities of the new US administration, continues. Attention is drawn to foreign counterparties, holders of US securities, including Russia. The article considers the possibility for the US Congress to raise the national debt ceiling as an instrument of internal political opposition to the current administration of the US president and the presidential policy. In case of significant delay in raising the national debt ceiling by the US Congress, which will also become a factor in strengthening sanctions pressure on Russia, our country can incur real losses.
Author page: Victoria Perskaya
The article considers duality of the globalization concept — as a process based on internationalization of the reproductive chain of the world GDP creation and as a policy pursuing and realizing the goal of forming and maintaining a monopolar global community; it is argued that economic content of globalization remains important for the present stage of the world community development; the article presents the arguments proving supportive measures taken by international organizations in order to support the process of cooperation and production specialization, restoration of balanced structures of national economies; arguments are given proving the monopoly insolvency, disavowing neoliberalism as a theory justifying this process; the author substantiates the principles determining formation of a multipolar world community and meeting the current realities of the world community development.
The article deals with foreign standards of valuation: international valuation standards, European valuation standards, as well as American, British and Japanese. Three models of valuation activities regulation are presented: public model, social and cooperative model (state and public control). Advantages and disadvantages of international valuation standards are formulated. At the same time, the content, composition and structure of international valuation standards can be useful for creating Russian evaluation standards and for developing the system of uniform valuation standards of the Eurasian Economic Union countries.
The article analyzes the main strategically important provisions of the Trans-Pacific Partnership (TPP) Agreement in the light of the US interests and through the prism of the other countries-participants, the real results of which can be expected by participants to the agreement, as well as the opposition of China, BRICS, SCO and the EAEU countries to the US will to lead the APEC region. The article proves that the proposed version of the TPP is not an evolutionary step within transition to multipolarity, but reflects the US foreign policy strategy, aimed at rewriting the terms of international community functioning, based on their own interests and the existing system of administrative-legal regulation of the US economy.
The article examines the possibility of increasing the share of economic entities of the EAEU countries in global value chains (GVC) formation; it indicates that in the form in which the GVC are recommended by OECD and WTO experts, they meet the requirements of exclusively monopolar configuration of the world economy, where the leader is the USA. The paper considers the possibility of introducing GVC onto the territory of the EAEU countries on the basis of the possibility of full resource provision and the aim of realizing national interests of the economic structure optimization under the oil prices fall as a national interest. Attention is focused on the fact that national economies’ participation in GVC should be accompanied by increase of their controllability, by solving their development problems even under stringent conditions of the world economic situation. Permissible dependence on external factors due to participation in the GVC should be calculated and should be levelled by the state regulation possibilities (and sometimes by direct control) and compensated (in an emergency) by internal resource potential in case of foreign counterparties failure to fulfill their obligations. This does not exclude feasibility of regulating business and investment climate in order to increase its attractiveness for both domestic and foreign counterparties. Optimization of foreign direct investment process and international economic cooperation should be aimed at the EAEU real sector development.
The article analyzes the current world economy situation in modern conditions, when all prior multilateral arrangements, including within WTO, are practically ignored by the EU and the US in relation to Russia; it notes that the current recommendations of international economic organizations in Russia are aimed at preserving the mono-raw material orientation of its economy structure, at forecasting failures in performance of the Government’s social obligations to the Russian population, at the impossibility of conducting modernization and development of new deposits, including the Russian Arctic, due to the high dependence on foreign investment and technology, which should ultimately provide the country’s renunciation of self-contained and independent foreign policy; it analyzes the US strategy of access to hydrocarbon world markets as a leading exporter.
The author analyzes importance of program-objective approach for ensuring Russia’s national economy competitiveness, focusing on the need to create conditions for the resources and efforts concentration on addressing priority directions of the Russian economy development, its real sector in the face of increasing economic and political confrontation during transition to a multipolar world community. The article studies international experience of program-objective approach for increasing competitiveness.
The paper analyzes macroeconomic consequences of Ukraine’s entry into the WTO. The basic Ukraine’s сommitments taken while joining the WTO with respect to export and import regulations, access to services market, are listed. Conclusion is made that the impact of Ukraine’s entry into the WTO can be hardly considered as corresponding to the national interests of economic development, contributing to job creation and improving the national welfare.
None of the world powers is interested in changing the consolidated image of Russia as the supplier of hydrocarbons, metals, chemical fertilizers, fish and seafood.