The "Economic Strategies" journal

2018




25 Years of New Russia. Economic and Social Level: Remaining at a Standstill

#1. Event Horison
25 Years of New Russia. Economic and Social Level: Remaining at a Standstill25 Years of New Russia. Economic and Social Level: Remaining at a Standstill

The article analyzes three periods of the Russian economy: the transformation crisis of 1990–1998, characterized by depth and duration, the period of regenerative economic recovery in 1999–2008, during which a shift into nationalization and monopolization of the economy took place, as well as the period of 2009–2017, called the “lost decade” by the author, the period of deep financial and socio-economic crisis as part of the global world crisis. Possible prospects for development and ways of entrance into high-quality significant socio-economic growth are described.

Modern Economy Poses New Challenges

#2. Sisyphean Task
Modern Economy Poses New Challenges

One of the urgent issues of modern international relations is the conjugation of integration processes of various levels and depths in the CIS space. Today it is important to consider the situation, taking into acoount that within the CIS there is a Free Trade Zone and the EAEU, which unites five CIS member states, and there is an initiative of the RF President on development of large integration initiatives in the South Asian area. At the end of 2017 — the year of Russia’s presidency in the CIS — President of the Russian Federation V.V. Putin at the informal meeting with the leaders of the CIS countries assured: “Deepening cooperation in various fields within the CIS framework meets the vital interests of the peoples of our countries. Together we’ll work to solve the tasks of social and economic development, strengthening stability and security of our states”. The state and prospects of increasing effectiveness of the Commonwealth of Independent States, the practical impact of its activities for all participating States, strengthening the international position of the Commonwealth — all these issues were discussed in the interview with the “ES” magazine by the Chairman of the Executive Committee — the CIS Executive Secretary Sergey Nikolaevich Lebedev.

Russian Business Elite: Adaptation Scenarios for Companies and Individuals in 2018. Announcement of Scenario Report

#1. Event Horison
Russian Business Elite: Adaptation Scenarios for Companies and Individuals in 2018. Announcement of Scenario ReportRussian Business Elite: Adaptation Scenarios for Companies and Individuals in 2018. Announcement of Scenario Report

The purpose of this report is to initiate a wide-ranging discussion (both on open platforms, and in corporate and state-public closed mode), and to help organizations and individuals affected by extrajudicial sanctions and persecutions to work out a strategy and tactics of confrontation, both for their own benefit and for the benefit of the public. The authors give scenarios of financial and economic dynamics in 2018 and identify probable parameters of collapse or “controlled demolition”, analyze the consequences of external influence on Russia and its political and economic elite.

The State Should Fund the Fundamental Science

#2. Sisyphean Task
The State Should Fund the Fundamental Science

President of the Russian Academy of Sciences academician Alexander M. Sergeev is a physicist, specialist in the field of high-temperature plasma, a graduate of the Nizhny Novgorod University, a pupil of the famous Nizhny Novgorod radiophysical school that appeared in the city on the Volga-river in the middle of the last century. His whole scientific life is connected with the RAS Institute of Applied Physics, where he came as a young specialist, and left as a director. Our conversation is about the past and future of the institute, as well as of the entire national science.

Money Issue: to Whom It Is Unprofitable?

#1. Event Horison
Money Issue: to Whom It Is Unprofitable?Money Issue: to Whom It Is Unprofitable?

Russian liberals again propose to pull the Russian economy out of stagnation by freezing the money supply as a tool for inflation targeting under the precepts of the Washington Consensus. However, the practice of overcoming the past crisis situations shows us a different lesson. The policy of money pumping through the efforts of reasonable practitioners. E.M. Primakov and V.V. Gerashchenko allowed quickly to overcome the 1998 default, but from the crisis of 2008 Russia was coming out much heavier and with huge economic losses, as the country leaders consistently adhered to liberal dogmas. In Russia, when the money supply grew significantly, inflation contracted, and vice versa, when the growth rate of the money supply fell sharply, inflation grew. The money growth always precedes the growth of GDP, and vice versa, when the money supply shrinks, GDP decreases. And there is a theoretical justification for this, but it does not coinside with the fundamental liberalism dogmas.

25 Years of New Russia. Economic and Social Level: Remaining at a Standstill

#2. Sisyphean Task
25 Years of New Russia. Economic and Social Level: Remaining at a Standstill

The article analyzes three periods of the Russian economy: the transformation crisis of 1990–1998, characterized by depth and duration, the period of regenerative economic recovery in 1999–2008, during which a shift into nationalization and monopolization of the economy took place, as well as the period of 2009–2017, called the “lost decade” by the author, the period of deep financial and socio-economic crisis as part of the global world crisis. Possible prospects for development and ways of entrance into high-quality significant socio-economic growth are described.

Assessment of the Sanctions Impact on the Economic Situation in the Russian Federation

#1. Event Horison
Assessment of the Sanctions Impact on the Economic Situation in the Russian FederationAssessment of the Sanctions Impact on the Economic Situation in the Russian Federation

Introduction of sanctions, contrary to the statements of Russian politicians, has an impact on the Russian economy, and the impact is quite negative. The crisis in the Russian economy is confirmed by macro-indicators. Despite this, distortion of statistical data allows to demonstrate the illusion of economic growth, although it is seen only in certain sectors of economy. Real incomes of the population have also decreased and continue to fall down. The article proposes a number of strategic measures that will allow to minimize the damage caused by the imposed sanctions and even partially to benefit from them for the Russian economy.