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Active regional economic policy as a response to global challenges

Kalimullin L.V. PAO RusHydro, Moscow, Russian Federation ( l.v.kalimullin@mail.ru )

Kalimullina E.S. AO SO EES, Moscow, Russian Federation ( e.s.kalimullina@mail.ru )

Shagiev Z.I. Division – National Bank of Republic of Tatarstan of Volga-Vyatka Main Branch of Central Bank of Russian Federation, Kazan, Republic of Tatarstan, Russian Federation ( zufar.shagiev@tatar.ru )

Journal: Regional Economics: Theory and Practice, #4, 2018

Importance This article deals with the issues of competitiveness of the regional economy, including the issues related to the quality of life.
Objectives The article aims to develop a model of regional economic policy in the context of global competition.
Methods For the study, we used economic and mathematical methods, and the methods of systems, statistical, and comparative analyses, and official statistics data.
Results The article introduces the results of the analysis of the main lines of improving the management efficiency of regional economic systems.
Conclusions The global challenges facing the regions require a revision of the economic growth model, if the main criterion for business effectiveness is the creation of world-class products and services, and the growth of quality of life becomes a priority for the State.


Great Britain: Islamic finance without special favours

Kalimullina M.E. Postgraduate of the chair «Microeconomics», Financial University under the Government of the Russian Federation, Head of Economic department, Russia Muftis Council ( muslimeco@gmail.com )

Journal: International Accounting, #12, 2011

Great Britain is one of the first European countries that introduced changes to the legislation in order to create Islamic financial infrastructure. The latter includes banks operating on participation principles; bonds backed by real assets etc. The UK Government’s approach “no obstacles, no special favours” has undoubtedly given its positive results and at the same time allowed to discover some drawbacks of such approach. All these enables regulators and businesses planning to develop Islamic finance sphere to make valuable conclusions.


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