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National Interests: Priorities and Security
 

Stabilization funds as an anti-crisis reserve of economy: national interests and security

Vol. 10, Iss. 45, DECEMBER 2014

Available online: 1 December 2014

Subject Heading: Priorities of Russia

JEL Classification: 

Pages: 2-15

Dudin M.N. Russian Presidential Academy of National Economy and Public Administration, Moscow, Russian Federation
dudinmn@mail.ru

Importance This article considers the actual topic of State economy reserves. Due to the cyclic development of the global economy, ups and downs of global economic growth occasionally occur, which eventually develop into crises. In order to avoid the collapse of the economy and due to the necessity of economic support for the most vulnerable segments of the population in the countries that are particularly dependent on external markets, in addition to gold and foreign exchange reserves, the State also creates stabilization funds. In Russia, this process is a new one, and for better understanding of the nature of the stabilization fund it is necessary to study in detail the experience of other countries and participation of other countries in its creation and development, for example, of Norway, the USA, the UAE, Chile, Saudi Arabia, Qatar and other countries.
     Objectives The purpose of this article is to analyse the possibilities of anti-crisis economies of the United States, Norway, Canada, Chile and other countries, and to compare them with the anti-crisis possibilities of the Russian economy.
     Methods In this article, I have used a combination of analytical methods, in particular: a theoretical analysis, organizational and functional analysis, and economic and statistical analysis.
     Results I have analyzed the anti-crisis possibilities of the United States, Norway, Canada, Chile, the UAE, Saudi Arabia and Russia. I also identified the structure of anti-crisis opportunities of the global economies: gold and foreign currency reserves and stabilization funds. The paper emphasizes that to continue activity in this area is important to solve the pressing problems in such an area as national security in economic sphere.
     Conclusions and Relevance The practical significance of the paper is in detailed analysis of stabilization funds of the world in general and of Russia in particular. This allows offering a number of specific recommendations aimed at ensuring the national security in the economic sphere.

Keywords: economy, anti-crisis reserve, stabilization fund, gold, currency reserves, Russia, Norway, global economy, oil, gas

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