Higher professional education as a driver of global transport sector growth
Higher professional education is the key to any industry success in the world economy, and the transport industry is no exception. Modern global freight trends are characterized by high innovation that, given the complexity of technological, organizational and economic processes, require responsible and high-skilled workers at all stages of the freight shipping and delivery. Historically, all transport universities in Russia focus on a narrow sectoral specialization and train specialists for only one, basic, mode of transport. In the article, the authors tried to answer two main questions: Does the government and business need highly professional transport experts-internationalists today and, if so, who should prepare them: transport universities or universities of foreign economic (foreign trade) specialization
Russian pharmaceutical companies: scientifi c R&D evaluation methods as a factor of competitiveness in the context of pandemic
The methods used in Russian accounting practices do not allow pharmaceutical companies to fully assess the intangible advantages that will allow them to compete in the market successfully. In accordance with the international approach, if proof of the eff ectiveness and safety of a new drug has already been obtained, the company can start including current costs in the cost of a new intangible asset as early as the third phase of research. As for the Russian rules, capitalization of development costs is possible only aft er execution of regulatory authority registration of a new drug
Formation of export orientation in Russia’s pharmaceutical market
The article examines the peculiarities of transforming export relations between Russia and near and far abroad countries in the fi eld of pharmaceutical supplies. The growth of pharmaceutical industries is characterized as one of the most promising tools for export diversifi cation relevant for improvement of international competitiveness. The research methodology includes structural, statistical, logical, system and other types of analysis, as well as synthesis of the obtained data. It is concluded that there is need to design a comprehensive approach to the development of export relations, including support from the government, and the investment incentives for the private sector in the industry.
Strategic management model for educational services exports
The article proposes an adaptive strategic management model for exports of educational services and professional competencies with digital and managerial technologies that ensure competitiveness of higher education institutions. Features of export management during implementation of national projects are considered, the guidelines to develop academic programs and involvement of students into educational projects are proposed, methods to promote educational services on foreign markets are identifi ed, and education exports headwinds are revealed. As a result, the strategies to continuously increase managerial competencies and practices to develop educational services exports are suggested.
Peculiarities of using Incoterms 2020 in international commercial practice
In the article, the author considers the features of applying the International Commercial Terms Incoterms (2020 edition). Classifi cation of the terms is carried out on various grounds, for example, depending on who must conclude a contract of carriage or an insurance contract; depending on the time of transfer of the risk of accidental loss of goods. Th e paper is based on the analysis of both domestic and foreign practices regarding disputes related to the fulfi lment of obligations concluded under the Incoterms. Th e author emphasizes the importance of using the term Incoterms corresponding to the essence of the relationship between the parties.
Opportunities and prospects for Russian timber export growth to China and India
Th e article characterizes timber export growth from Russia to Asian countries. It is noted that presently China and India are the most promising importers of Russian timber with Russia being the leading exporter of timber to the Chinese market. Based on the SWOT analysis, it is concluded that China will remain the key market for Russian timber exports. Besides, it is argued that the highly promising market is India with its briskly growing housing market and demand for timber. Th e article reveals the constraining factors and competitive niches for Russian timber supplies to India
Bakery products market: procurement management in foreign trade companies
Bread and bakery products can be considered strategically important products as they are included in almost every consumer basket and therefore will always be in demand. However, the fi erce competition in the modern global market and changes in the consumer taste preferences force companies promptly improve the ways of producing and delivering bakery products. To improve the eff ectiveness of the company’s purchasing activities companies should pay special attention to: current trends in the bakery market that infl uence product range changes; reliable supplying by creating a transparent system for selecting suppliers; external and internal market factors. Besides, it is necessary to have a fl exible management system, including procurement activities that will allow companies to quickly adapt to external changes.
Foreign economic relations
Mongolia’s foreign economic relations at the current stage of development
Th e article discusses the current foreign economic relations of Mongolia. Th e importance of foreign trade, foreign investment and foreign borrowing as key factors of Mongolia’s growth is revealed. It is shown that involvement of western companies in the development of the largest mineral deposits has become the basis of two-digit indicators of the country’s economic growth. However, the fl ip side of resource-oriented development was the critical level of Mongolia’s dependence on exports of raw materials to China. Th e government of Mongolia limiting foreign companies’ role in the economy resulted in FDI plunge, which with lower raw material prices has become one of the main causes of the 2015 economic crisis. Moreover, the lack of foreign investment had to be replenished by external borrowing leading to soaring external debt. All these events have confi rmed the urgent need for Mongolia to adhere to a multi-vector cooperation policy providing for rich world companies priority investment role, and China as the key market for raw materials exports. Despite the fact that Mongolia seeks to eliminate dependence on Russian energy resources, expansion of trade and investment cooperation with it also remains important to maintain a balance between the major foreign economic partners and ensure the economic security
Foreign Trade: supply security and risk events issues
US, EU and some country’s economic sanctions implemented against a number of Russian legal entities and individuals sharply raised the issue of countering them and developing measures aimed to reduce the impact of risks in the supply of various goods to Russian consumers. Th e risks that aff ect the supply chains and cause the supply uncertainty are discussed in the article. Some attempts to classify the product range and nomenclature in by the “price of error” are presented.
Solutions in US aircraft industry to combat adverse eff ects of coronavirus outbreak
In the article, the author analyzes economic eff ects of coronavirus outbreak for the US aircraft industry and measures taken to combat them. Th ese measures can be divided into three groups: 1) relations with customers (air carriers), 2) relations with suppliers, 3) government support. Th e article describes air carriers’ attempts to amend the provisions of aircraft sales agreements, to reschedule the delivery dates of aircraft and to negotiate additional discounts. Plunged air traffi c resulted in lower demand for civil aircraft as well as equipment and parts for civil aircraft . Th us, big companies started to lay off workers while medium and small companies either went bankrupt or were taken over. Apart from credit fecilities, US government support includes signing new defense contracts to prevent production capacities from shrinking and workers with security clearance from being laid off . Th e U.S. Department of Defense also improves payment terms under existing contracts. Th e reason why Boeing declined to accept government support underlines the diff erence in approaches to government support in the US and in EU or Russia. Government support of EU aircraft industry may include export credits that makes it more diffi cult for Boeing to compete on internal and external markets once coronavirus restrictions are lift ed. In conclusion, the author outlines new procedures in the aircraft industry that appeared during the recent pandemic, as well as the prospects for the airline traffi c and aircraft industry.
Factor analysis of Russian oil and petroleum products exports under current conditions
In the article, basing on the results of the Russian exports analysis its peculiar orientation towards energy and raw materials is justifi ed. Th e role and impact of oil and petroleum products exports on the federal budget revenues is examined. Th e structure and changes in energy revenues of the federal budget for the period 2016-2019 are analyzed. On the basis of quantitative indicators of oil industry growth with the stochastic method, the factors infl uencing the oil and petroleum products exports and the budget revenues are identifi ed.
7 - 2020