Foreign trade activity

Russia’s Exports of Construction Services under Sanctions

DOI: 10.24412/2072-8042-2023-8-110-117

Author: Stepan Olegovich TANGANOV,
Russian Foreign Trade Academy, Department of International Trade and Foreign Trade of RF – Postgraduate student

Th e article analyzes the current state of Russia’s trade in construction services. The author examines the state development strategies applied to the export of construction services, in particular, the eff ectiveness of measures to achieve the objectives set in the strategy. Special attention is paid to the state mechanism for supporting the export of construction services, and a comparative analysis is made with a successful example of the support mechanism in China. According to the results of the study, there is a high potential for the expansion of Russian construction services exports despite the imposed sanctions. The key areas for fostering the growth of construction services exports were identifi ed, the main of which are the strengthening of bilateral relations with potential partner countries, cooperation with African countries in the construction market, as well as the improvement of the state mechanism for supporting the export of construction services, primarily for small and medium-sized enterprises.

World economy

Signifi cance and Role of India in the Modern Global Economy

DOI: 10.24412/2072-8042-2023-8-47-62

Author: Victoria Nikolaevna VORONINA,
Candidate of Economic Sciences , Russian Foreign Trade Academy, Department of World and National Economy , Assistant Professor

India as one of the largest emerging economies in the world and the most populated together with China plays a signifi cant role in the global economy. India’s high rates of economic growth were mostly above the global average for several decades. As part of the current stage of economic development, India has begun to focus on closer integration into the global economy and strengthen its export orientation. Given an impressive progress in increasing its share in global GDP and exports by the 2010s, India became a regional center of economic development. Nevertheless, exports and economic growth of India have lost steam amid manifestations of crisis in the global economy in 2022, and, according to the projections, they are not expected to gain it until 2027.

Prerequisites for Creation of Special Economic Zones

DOI: 10.24412/2072-8042-2023-8-63-79

Author: Igor Andreyevich KARACHEV,
Candidate of Economics, Associate Professor , P.G.Demidov Yaroslavl State University, Associate Professor of the Department for World Economy and Statistics

The purpose of this study is to describe the functioning of special economic zones in developed and developing countries, and to establish possible prerequisites for their creation using the author’s algorithm. Using statistics on global competitiveness index and production capacities index, the grounds for special zones creation are determined both in general and in relation to their functional types: logistic, complex, specialized and innovative zones. As a result, the article identifi es and formulates common approaches to the establishment of special economic zones in developed and developing countries: supportive and central approaches.

Challenges of Uzbekistan’s Participation in Russia’s Integration Initiatives

DOI: 10.24412/2072-8042-2023-8-80-98

Author: Ekaterina Sergeevna ROMANCHUK,
Institute of Economics of the Russian Academy of Sciences , Postgraduate student, Junior Research Assistant

The article considers the challenges that hinder Uzbekistan’s participation in the Eurasian Economic Union and the Eurasian Development Bank. Th e experience of the Central Asian republic’s membership in various economic unions is analyzed, and the basic principles that guide Uzbekistan when deciding on participation in regional unions and international fi nancial organizations are identifi ed. In this regard, based on the results of the assessment of the republic’s external sector statistics in recent years and the institutional features of the initiatives promoted by Russia, it is concluded that Uzbekistan might seek to limit cooperation with Russia in multilateral formats to solving a small range of issues

Current Renewable Energy Trends in the World and Russia

DOI: 10.24412/2072-8042-2023-8-99-109

Author: Vadim Stefanovich RUDANETS,
Russian Foreign Trade Academy, Postgraduate Student of the Department of the International and Foreign Trade of the Russian Federation

Renewable energy sources play an increasingly important role in the modern world. Many countries, including Russia, have announced green growth goals that open up more opportunities for the development of renewable energy. In recent years, the Russian government has also increased its renewable energy funding, indicating a strategic interest in the development of renewable energy sources in the country. However, there are still many obstacles on the way to green energy transition, the implementation of which depends on many internal and external factors

International trade

Market Entry Strategy in Asian Countries

DOI: 10.24412/2072-8042-2023-8-7-21

Authors: Sergej Ivanovich DOLGOV,
Doctor of Economic Sciences, Professor , Russian Foreign Trade Academy, Research supervisor of Academy

Natalia Yurievna KONINA,
Doctor of Economic Sciences , Professor , MGIMO-University, Head of the Department of Management, Marketing and FEA

Yuri Anatolievich SAVINOV,
Doctor of Economic Sciences, Professor , Russian Foreign Trade Academy, Department of international trade and foreign trade of RF , Professor

Since the Asian economies continue to enjoy high growth rates their markets are very attractive for manufacturing and trading companies. The demand in these markets is growing rapidly. To take advantage of these opportunities, companies should take into consideration characteristics and requirements of consumers in these countries, deep diff erences in the economies of the Asian region. Success in improving exports depends on the sales growth strategies that take into account the specifi cs of working with a wide variety of consumers, of delivering the goods to the buyer’s warehouse, the use of new e-commerce models and the availability of highly qualifi ed sales specialists.

Regulation of International Trade: Global and Regional Aspects

DOI: 10.24412/2072-8042-2023-8-22-32

Author: Vladislav Stepanovich ZAGASHVILI,
Doctor of Economic Sciences, Professor , Primakov Institute of World Economy and International Relations, RAS, Head of Sector of Foreign Economic Policy

Abstract The article considers the interactions that take place at the regional and global levels of economic internationalization, as well as the issues of the transition of regionalization and globalization to the integration stage. It is concluded that major integration eff orts in the foreseeable future will be undertaken rather at the regional than at the global level. The development of international trade is facilitated by a multi-level system of regulation. Regional trade agreements do not undermine the multilateral trading system, but aim at coherence of the rules and regulations established at two levels - regional and global. Preserving the unifying role of the WTO implies formalizing at the multilateral level the fundamental provisions reached by the participants of the most successful regional agreements

US Priorities in the International Arms Trade Regulation System

DOI: 10.24412/2072-8042-2023-8-33-46

Author: Dmitry Alexandrovich REPNIKOV,
Candidate of Economic Sciences , Moscow State Technical University. N.E. Bauman, Deputy Director of the Innovation Technology Center of the Science Policy Complex, Associate Professor of the Department No. 3 of the Anti-Aircraft Missile Forces of the Military Training Center

Today’s international arms and military equipment trade has become more volatile and irresponsible and contributes to the maintenance of confl icts in many regions of the world; this trade is poorly regulated resulting in increasing migration, human rights violations and poverty. Under the conditions of the current special military operation, the problems of uncontrolled deliveries of weapons, including through illegal channels, have become aggravated. Th e article assesses the possibilities of international legal regulation of arms and military equipment exports at the present time, as well as analyzes the key aspects and issues of supporting exports at the national level, in particular, using the example of the United States as the largest arms exporter.

Research reviews

Economic Cooperation of Development Institutions as a Tool to Address the Impacts of Global Recessions

DOI: 10.24412/2072-8042-2023-8-118-130

Author: Gleb Viktorovich OLEYNIK,
Financial University under the Government of the Russian Federation , 2nd year graduate student of the International Economic Relations Faculty

In this study, the BRICS development institutions and the integration association itself are analyzed. The main objectives of the BRICS activities, trends in cooperation and the most strategic spheres of infl uence are identifi ed. In addition, a statistical analysis of the infl uence of the BRICS eff orts on the key macroeconomic indicators of the member countries is carried out, indicating their impact on global economic and fi nancial indicators. The study also considers technology transfer centers and practices of their implementation and operation in various countries (using the example of countries in the G7 and BRICS countries), and as a recommendation, it is proposed to use the international experience of these centers and to continue their in-depth implementation in Russia. Finally, a conclusion on the importance of development institutions as a whole within the state and in cross-country cooperation is made


8 - 2023

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