Prospects of the creation of the international financial center in Vladivostok as a component of the eastward vector of social, financial and economic development of Russia
Importance The research focuses on the reasonableness and terms of creating international financial centers. Objectives The research evaluates whether it is appropriate and possible to create the international financial center in Vladivostok in the current circumstances. We also systematize conditions and requirements for the international financial center and determine what streamlines and impedes the creation of such centers. The article summarizes contemporary dominants of global and national trends in the financial and economic development in Siberia and the Far East. Adapting and implementing the rating methodology of international financial centers, we decide whether it is reasonable to establish the international financial center in Vladivostok. Methods Logic modeling and statistical analysis underlie the research, with the analogy method playing the central part. The analogy was represented by the methodology for substantiating the financial center in Moscow. Results We found out it would be necessary to set up international financial centers and specify their functions. The article also summarizes and systematizes conditions and requirements for setting up international financial centers, including constraining and favorable factors specifically for Vladivostok and in line with the geopolitical dominance of eastward development of financial and economic systems worldwide. We assess the position of Vladivostok in the rating of global financial centers. Hence we conclude that this organization could be established in the city. Conclusions and Relevance Vladivostok can become an international financial center, since it outperforms Saint Petersburg, Jakarta in terms of some aspects and demonstrates a sustainable development trend.
Keywords: international financial center, eastward vector, competitiveness, most favored nation factor, rating
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