The "Economic Strategies" journal

2017




Integrated Reporting Should Work for Everybody

#3. Attraction of Diversity
Integrated Reporting Should Work for EverybodyIntegrated Reporting Should Work for EverybodyIntegrated Reporting Should Work for EverybodyIntegrated Reporting Should Work for Everybody

Today a new management tool is gaining worldwide popularity – integrated reporting. What is the difference between integrated reporting and ordinary corporate reporting? How is it related to integrated thinking? What companies have got the need for it? What are the advantages of using it and what are the difficulties? Henning Drager, Head of the Business Networks Department of the International Council on Integrated Reporting (ICIR), certified specialist in the field of sustainable development and rational use of natural resources dwelled on these and many other issues in his interview with “ES” magazine.

Demographic Phenomenon of BRICS

#7. Foresight Boom
Demographic Phenomenon of BRICSDemographic Phenomenon of BRICSDemographic Phenomenon of BRICS

The article examines the phenomenon of BRICS, which has now acquired a global visibility. The article focuses on the main potential of the BRICS countries — human capital, those demographic resources that, being combined with a growing economy and a standard of living, can break the current picture of the world.

US National Debt: What is the Future Preparing for Us?

#7. Foresight Boom
US National Debt: What is the Future Preparing for Us?US National Debt: What is the Future Preparing for Us?US National Debt: What is the Future Preparing for Us?

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.

Effective Risk Management Strategy as a Basis for Economic Security of a Bank

#3. Attraction of Diversity
Effective Risk Management Strategy as a Basis for Economic Security of a BankEffective Risk Management Strategy as a Basis for Economic Security of a BankEffective Risk Management Strategy as a Basis for Economic Security of a BankEffective Risk Management Strategy as a Basis for Economic Security of a Bank

This article discusses development of a strategy for banking risks management, aimed at ensuring the economic security of a bank in the current economic conditions. Banks influence functioning of large enterprises, whose successful operation provides the country’s economic security.

On the System Economics Basis Formation

#7. Foresight Boom
On the System Economics Basis FormationOn the System Economics Basis FormationOn the System Economics Basis Formation

Authors propose a new idea of the economic theory construction as a more systematic and reasonable. The authors divide the economics into five levels: nanoeconomics, microeconomics, mezoeconomics, macroeconomics and megaeconomics. Nanoeconomics is considered as economics of intellectual capital, intellectual property and innovations. Nanoeconomics is the systemic basis for all other economics, ensuing from it by meaning and substance. In the article there is noted the increasing significance of legal factor in modern economic theory and practice and, in particular, the IP law importance.

On Some Features of Forming the Enterprise Management System Within an Integrated Economic System

#3. Attraction of Diversity
On Some Features of Forming the Enterprise Management System Within an Integrated Economic SystemOn Some Features of Forming the Enterprise Management System Within an Integrated Economic SystemOn Some Features of Forming the Enterprise Management System Within an Integrated Economic SystemOn Some Features of Forming the Enterprise Management System Within an Integrated Economic System

Modern foreign policy and external economic situation raise the need for forming an internal integrated economic system (IES). The basic parts (enterprises) constitute the basis of the IES, and the integral efficiency of the IES functioning largely depends on the methodology of forming the system for their internal management. The article dwells on the factors that influence formation of the internal system of the enterprise management. The authors conclude that the basis for creating an optimal internal management system is the effective resolution of a natural-technological contradiction, which requires classification of enterprises by production-technological feature. This classification allows to establish the optimal ratio and practical forms of implementing the principles of centralism and democracy in the enterprise management. The possibility of realizing the principle of democratic centralism on the basis of organizing internal contractual relations in the form of “horizontal” and “vertical” contracts is considered. The article shows the possible influence of the system of internal contractual relations on the efficiency of the enterprise’s functioning and the cardinal growth of the quality of the goods produced.

Sanctions Against the Russian Federation: Neutralization Mechanisms

#7. Foresight Boom
Sanctions Against the Russian Federation: Neutralization MechanismsSanctions Against the Russian Federation: Neutralization MechanismsSanctions Against the Russian Federation: Neutralization Mechanisms

Sanctions against Russia adopted in the summer of 2017 will result in aggravation of long-term foreign exchange funding for the Russian economy, in an increase of short-term financial resources in the market and intensification of the speculative nature of Russia’s financial market. The article considers some of the possible measures that Russian regulators and businesses need to take in order to ensure market stability and minimize the negative effects of sanctions for themselves.

Banks’ Rehabilitation: International Experience and the Russian Practice

#7. Foresight Boom
Banks’ Rehabilitation: International Experience and the Russian PracticeBanks’ Rehabilitation: International Experience and the Russian PracticeBanks’ Rehabilitation: International Experience and the Russian Practice

The paper analyzes the international and Russian practice of stressed banks rehabilitation, which is realized in two main forms — big banks forced resolution and voluntary recovery of insolvent, but revivable banks. On the insight ground of dynamics and structure of the Russian top-5 banks liabilities and capital the paper shows that in continued credit shrinkage conditions, the Russian banking sector restructuring is possible only through voluntary recovery arrangement. Conversely, forced, but preventive rehabilitation would perceived by markets as a signal of bank’s soon insolvent, and this can become a trigger of the lenders outflow and provokes the compression of banking sector credit portfolio.

Only Equal Market Conditions will Open the Way to Real Integration of Economies

#2. Alliance Great
Only Equal Market Conditions will Open the Way to Real Integration of EconomiesOnly Equal Market Conditions will Open the Way to Real Integration of EconomiesOnly Equal Market Conditions will Open the Way to Real Integration of EconomiesOnly Equal Market Conditions will Open the Way to Real Integration of Economies

“Whatever problems arise in the process of searching for common approaches in the current agenda of the Union construction, there won’t be any landslide processes”, said the Chairman of the Representatives’ Chamber of the National Assembly of the Republic of Belarus, First Deputy Chairman of the Parliamentary Assembly of the Union of Belarus and Russia Vladimir Pavlovich Andreichenko. “Our countries have created such cooperation mechanisms that allow them to solve effectively all the problems”. In his interview to the “Economic Strategies” magazine he dwells on the above.