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

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
National Interests: Priorities and Security
 

Setting up the Development Bank as part of the Shanghai Cooperation Organization

Vol. 11, Iss. 39, OCTOBER 2015

PDF  Article PDF Version

Received: 18 June 2015

Accepted: 30 June 2015

Available online: 25 October 2015

Subject Heading: INTERNATIONAL ECONOMIC RELATIONS

JEL Classification: 

Pages: 38-47

Mikhailov A.Yu. Financial University under Government of Russian Federation, Moscow, Russian Federation
alexeyfa@ya.ru

Knyazeva E.O. Financial University under Government of Russian Federation, Moscow, Russian Federation
eo.knyazeva@gmail.com

Importance The article overviews the history and structure of the Shanghai Cooperation Organization (SCO), points out project management methods that are used to effectuate the SCO activities. Drawing upon the analysis, we evaluate the most efficient ways of implementing the project for setting up the Development Bank.
     Objectives The research pursues identifying the most probable scenario of setting up the SCO Bank. This objective becomes attainable by addressing the following interim objectives: examination of the SCO institutionalization history; structuring the SCO governing bodies; systematizing the existing alternatives of establishing the Development Bank; identifying the most appropriate approach to incorporating the SCO Bank.
     Methods Relying upon observations, interviews, situation modeling and systems analysis, we reviewed various stances on the SCO, determined various initiatives for setting up the SCO financial institutions, and demonstrated the most probable way of establishing the SCO Bank.
     Results The findings show that the SCO Development Bank is most likely to be incorporated on the basis of the Eurasian Development Bank.
     Conclusions and Relevance We conclude that, currently it would be more reasonable for the SCO to use the existing Eurasian Development Bank for setting up its own financial institution, since this method will secure the controlling portfolio of shares for Russia in making decisions on the Bank's operations and reduce incorporation costs.

Keywords: Shanghai Cooperation Organization, Development Bank, project management, project management methods

References:

  1. Baranov A.Yu. ShOS: budushchee i perspektivy rossiisko-kitaiskogo sotrudnichestva [Shanghai Cooperation Organization: the future and prospects of the Russian-Chinese cooperation]. Nauchnye vedomosti Belgorodskogo gosudarstvennogo universiteta. Seriya: Istoriya. Politologiya = Scientific Bulletin of Belgorod State University. Series History. Political Science, 2010, vol. 1, iss. 13, pp. 227–233.
  2. Baranov A.Yu. Shankhaiskaya organizatsiya sotrudnichestva: dolgosrochnye perspektivy rosta [Shanghai Cooperation Organization: long-term growth prospects]. Vestnik Volgogradskogo gosudarstvennogo universiteta. Seriya 4: Istoriya. Regionovedenie. Mezhdunarodnye otnosheniya = Science Journal of Volgograd State University. Series 4 History. Area Studies. International Relations, 2009, no. 2, pp. 149–156.
  3. Bykov A.I. Ekonomicheskoe sotrudnichestvo v ramkakh ShOS: osnovnye napravleniya i perspektivy razvitiya: monografiya [Economic cooperation within the SCO framework: the main areas and prospects of development: a monograph]. Moscow, Flinta, Nauka Publ., 2011, 232 p.
  4. Mirkin Ya.M. Finansovoe budushchee Rossii: ekstremumy, bumy, sistemnye riski [The financial future of Russia: extremes, booms, systemic risks]. Moscow, Geleos Publishing House Ltd, Evrofinansy Publ., 2010, 480 p.
  5. Voropaev V.I. Upravlenie proektami v Rossii [Project management in Russia]. Moscow, Alans Publ., 1995, 225 p.
  6. Benko C., McFarlan F.W. Upravlenie portfelyami proektov: sootvetstvie proektov strategicheskim tselyam kompanii [Connecting the Dots: Aligning Projects with Objectives in Unpredictable Times]. Moscow, Vil'yams Publ., 2007, 240 p.
  7. Kaplan R.S., Norton D.P. The Balanced Scorecard – Translating Strategy into Action. Boston, Harvard Business School Press, 1996.
  8. Kaplan R.S., Norton D.P. The Strategy-Focused Organization: How Balanced Scorecard Companies Thrive in the New Business Environment. Boston, Harvard Business School Press, 2001.
  9. Mikhailov A.Yu. Allokatsiya resursov dlya metoda kriticheskoi tsepi [Allocation of resources for purposes of the critical chain project management method]. Ekonomika i predprinimatel'stvo = Economy and Entrepreneurship, 2014, no. 11, pp. 536–539.
  10. Stiglitz J.E., Cimoli M., Dosi G. Industrial Policy and Development. The Political Economy of Capabilities Accumulation. Oxford, Oxford University Press, 2009, pp. 136–139.
  11. Stiglitz J.E., Ocampo J.A. Capital Market Liberalization and Development. New York, Oxford University Press, 2008, pp. 112–116.

View all articles of issue

 

ISSN 2311-875X (Online)
ISSN 2073-2872 (Print)

Journal current issue

Vol. 20, Iss. 3
March 2024

Archive