+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Finance and Credit
 

Russia's positions in the global economy: trends and controversies

Vol. 21, Iss. 21, JUNE 2015

PDF  Article PDF Version

Available online: 10 June 2015

Subject Heading: THEORY OF FINANCE

JEL Classification: 

Pages: 13-26

Malakhova T.S. Kuban State University, Krasnodar, Russian Federation
malakhovats@mail.ru

Subject Under global instability, Russia's positions in the geo-economic sphere are ambiguous and contradictory. The imposed sanctions against Russia by the US and EU only have deepened the structural problems of the national economy. In the current circumstances, the social and economic development of Russia depends on external factors, in particular, on global energy prices, conditions of Russia's functioning in the WTO, the global economic crisis. All these factors have an adverse impact on the development of the entire national economy.
     Objectives The purpose is to study the development trends in the national economy, and to determine the position of Russia through the prism of global instability.
     Methods The methodological framework includes the historical and logical analysis, statistical and comparative analysis, the scientific abstraction method. These methods helped reveal structural problems of the national economy under modern conditions.
     Results I have developed possible scenarios of Russia's cooperation with certain countries and regions of the world after lifting or mitigating the sanctions. The article shows that it is advisable for the national economy to use a mixed model of cooperation with post-socialist countries, as it will take into account the geopolitical and geo-economic interests of Russia under global instability.
     Conclusions and Relevance I conclude that the current global economic crisis has revealed the specific problems of inefficiency of local economies, which are intensified under destabilized global economic relations. The dependence of the national economy on oil prices can be overcome only through restoring the 'industrial landscape' and the radical transformation of its structure.

Keywords: crisis, sanctions, economy, USA, positions, Russia, global economy, European Union

References:

  1. Brzezinski Z. Velikaya shakhmatnaya doska. Gospodstvo Ameriki i ego geopoliticheskie imperativy [The Grand Chessboard. American Primacy and Its Geopolitical Imperatives]. Moscow, Mezhdunarodnye otnosheniya Publ., 1998, 256 p.
  2. Gagarina G.Yu., Gromyko V.V., Okrut Z.M., Saginova O.V. Ekonomika Evropeiskogo soyuza [The European Union's economy]. Moscow, Ekonomist" Publ., 2003, 399 p.
  3. ES i Rossiya: ot pryamykh kapitalovlozhenii k investitsionnomu sotrudnichestvu [The EU and Russia: from direct investments to investment cooperation]. Moscow, Nauka Publ., 2008, 335 p.
  4. Kadochnikov P., Sinel'nikov-Murylev S., Chetverikov S. Importozameshchenie v Rossiiskoi Federatsii v 1998–2002 gg [Import substitution in the Russian Federation in 1998–2002]. Moscow, Gaidar Institute for Economic Policy Publ., 2003, 95 p.
  5. Kalinovskii I. Sanktsii absurda [Sanctions of the absurd]. Available at: Link. (In Russ.)
  6. Klinova M.V., Sidorova E.A. Ekonomicheskie sanktsii i ikh vliyanie na khozyaistvennye svyazi Rossii s Evropeiskim soyuzom [Economic sanctions and their impact on the economic relations between Russia and the European Union]. Voprosy Economiki, 2014, no. 12, pp. 67–79.
  7. Korolev I.S. Neopredelennost' mirovogo ekonomicheskogo razvitiya: riski dlya Rossii [The uncertainty of the global economic development: risks for Russia]. Mirovaya ekonomika i mezhdunarodnye otnosheniya = World Economy and International Relations, 2013, no. 4, pp. 3–10.
  8. Kuznetsov E.A. Problemy realizatsii strategii modernizatsii s uchetom mezhdunarodnogo opyta (na primere Kitaya) [Problems of realization of the modernization strategy based on international experience (the China case)]. Menedzhment v Rossii i za rubezhom = Management in Russia and Abroad Journal, 2011, no. 5, pp. 76–82.
  9. Malakhova T.S. Prichiny i posledstviya raspada bipolyarnoi sistemy: geoekonomicheskii aspekt [Causes and effects of the bipolar system collapse: a geo-economic aspect]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2015, no. 2, pp. 45–54.
  10. Malakhova T.S., Malakhov V.S., Brazhnikova E.N. Krizis zony evro: mif ili real'nost'? [The euro area crisis: myth or reality?]. Ekonomika: teoriya i praktika = Economics: Theory and Practice, 2011, no. 3, pp. 21–26.
  11. Maslov A.A. Dumat' po-kitaiski [Thinking in Chinese]. Harvard Business Review Russia, 2014, no. 4, pp. 91–96.
  12. Merkulov V.I. Rossiya – ATR: uzel interesov [Russia – Asia Pacific Region: the center of interests]. Moscow, Akademicheskii Proekt Publ., 2005, 496 p.
  13. Mozhaev E.E., Safronov N.S. K voprosu ob ekonomicheskikh sanktsiyakh protiv Rossii: vozmozhnosti importozameshcheniya v otraslyakh rossiiskoi ekonomiki [On economic sanctions against Russia: import substitution potential in the industries of the Russian economy]. Vestnik kadrovoi politiki, agrarnogo obrazovaniya i innovatsii = Bulletin of Personnel Policy, Agricultural Education and Innovation, 2014, no. 7, pp. 11–16.
  14. Ni Kazakhstan, ni Belorussiya ne otkazhutsya ot importa iz ES [Neither Kazakhstan nor Belarus will refuse imports from the EU]. Available at: Link. (In Russ.)
  15. Rossiya v globaliziruyushchemsya mire: politiko-ekonomicheskie ocherki [Russia in the globalizing world: political and economic essays]. Moscow, Nauka Publ., 2004, 740 p.
  16. Orlova N.V. Finansovye sanktsii protiv Rossii: vliyanie na ekonomiku i ekonomicheskuyu politiku [Financial sanctions against Russia: the impact on the economy and economic policy]. Voprosy Economiki, 2014, no. 12, pp. 54–66.
  17. Porter M., Takeuchi H., Sakakibara M. Yaponskaya ekonomicheskaya model': Mozhet li Yaponiya konkurirovat'? [Can Japan compete?]. Moscow, Al'pina Biznes Buks Publ., 2005, 262 p.
  18. Smirnov P.E. SShA, NATO i perspektivy “Bol'shoi Evropy” v svete krizisa na Ukraine [The US, NATO and the prospects of ‘Great Europe’ in the context of crisis in Ukraine]. SShA – Kanada: ekonomika, politika, kul'tura = USA – Canada: Economics, Politics, Culture, 2014, no. 12, pp. 3–20.
  19. Sukharev O.S. Strategii importozameshcheniya [Import substitution strategies]. Byudzhet = Budget, 2014, no. 11, pp. 77–81.
  20. Tatarkin A.I., Andreeva E.L., Ratner A.V. Imperativy sovremennogo razvitiya: mirovye trendy i rossiiskie realii [Imperatives of modern development: global trends and Russian realities]. Voprosy Economiki, 2014, no. 5, pp. 125–131.

View all articles of issue

 

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 3
March 2024

Archive