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National Interests: Priorities and Security
 

The initiative of the Silk Road Economic Belt: Ensuring Russia's economic security. Economic patronage of the Government and the Central Bank

Vol. 13, Iss. 3, MARCH 2017

PDF  Article PDF Version

Received: 29 September 2016

Received in revised form: 25 October 2016

Accepted: 12 December 2016

Available online: 29 March 2017

Subject Heading: THREATS AND SECURITY

JEL Classification: N45, O19

Pages: 573-583

https://doi.org/10.24891/ni.13.3.573

Gordienko D.V. Russian Presidential Academy of National Economy and Public Administration, Moscow, Russian Federation
gordienko@ane.ru

Importance The article discusses how Russia's economic security would change if the initiative of the Silk Road Economic Belt were implemented.
Objectives The research represents a comparative evaluation of the economic security level of Russia and the member States of the SCO as part of economic patronage of the governments and central banks of the States.
Methods The article overviews indicators of Russia's economic security. Using statistical and economic methods, I evaluate prospects of changes in the level of Russia’s economic security as part of economic patronage of the Russian government and Central Bank of Russia.
Results I propose an approach to performing a comparative evaluation of changes in the economic security level of Russia and the member States of the SCO as part of the economic patronage of the governments and central banks in the States. The proposed approach will identify priorities of the national economic policy in the current circumstances.
Conclusions and Relevance I conclude that the implementation of the Silk Road Economic Belt initiative may reflect the regionalization process in Central Asia and ensure sustainable development of national economies of Russia and the SCO members. The level of Russia’s economic security can be represented as multiplicands describing the protection of its national economy as part of the economic patronage of the Government and the Central Bank of Russia.

Keywords: Central Asia, global financial crisis, economic crisis, economic security

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