Vol 3, No 5 (2024)
Articles
Structural and institutional factors in the development of foreign economic relations between Russia and China
Abstract
the article examines the structural and institutional factors in the development of foreign economic relations between Russia and China. In the modern economy, powerful growth drivers are exhausted and macroeconomic dynamics factors are moving deeper into the institutional environment with the formation of multi-stage relationships and an increase in the speed of economic processes. Therefore, structural and institutional factors of macroeconomic dynamics are becoming the most significant. Under sanctions, Russia is expanding foreign economic relations with China; in 2023, trade between the two countries grew by a record 26.3%. Prospects for further trade growth are also estimated at tens of percent [5]. At the same time, the institutional environments of these countries actively interact. Objective: to analyze and compare structural and institutional factors influencing the macroeconomic development of Russia and China in order to assess the problems and prospects of foreign economic relations between them. Methods: the article uses methods of statistical data analysis, generalization of scientific works of scientists related to structural and institutional factors in the development of foreign economic relations of countries, official website of the Federal State Statistics Service. Results: The importance of mutual trade between the two countries for Russia seems to be much stronger. Concerns about Russia's technological dependence on China are well founded. It is necessary to accelerate the development of import-substituting technologies in the most important industries for Russia. Conclusion: In international markets of Russia, in some cases, it is necessary to use a strategy of expanding cooperation to obtain additional benefits, for example, in the development of international communication channels, and sometimes – a strategy of competition, if our country has something to offer the market, and increased competition is perceived positively.
Economic Bulletin. 2024;3(5):4-10
4-10
Forecast assessment of the financial condition of GL Engineering LLC by applying the main factors of economic analysis
Abstract
it is well known that in the modern world of the economic system, the correct assessment of the financial condition of industrial enterprises plays a rather large role in the development of the position on the market not only of the company itself, but also of its competitors. The importance of studying the economic situation consists in generalizing the entire industrial and economic sphere of activity of this company. This is due to the fact that all assets of the company, including cash, are the result of moving from one process to another of both objective and production components of the entire production. The purpose of this assessment is not so much monitoring the activities of the enterprise in terms of its main aspects, but rather in establishing an understanding of the correctness of directing efforts to improve them. In this article, we will consider the financial condition of the design institute of a large oil and gas industrial complex of PJSC Gazprom - LLC GL Engineering, using the main methods of studying the economic situation of the company, such as the method of analyzing profitability and liquidity. The first mentioned method consists in studying the dependence of the analyzed company on any indicators and its ability to competently apply them in order to achieve a favorable production effect. The second method consists in analyzing the level of the company's ability to handle its own funds. For a clear understanding of the chosen topic, the practical assessment of the above methods is demonstrated in the form of tables and diagrams, with the help of which it is quite easy to determine the final results and offer a sufficient number of options for their improvement.
Economic Bulletin. 2024;3(5):11-17
11-17
Mechanism of influence of global transformation on the socio-economic development of the country
Abstract
the article examines the mechanism of the impact of global transformation on socio-economic development using a system-reproduction approach. The main components of the system: the institutional environment, economic policy, investment, innovation and technology, human capital, markets and entrepreneurship, international trade and integration, as well as sustainable development, are analyzed in the context of their interrelationships and mechanisms of reproduction. The author suggests strategic measures aimed at increasing the resilience and adaptability of the national economy in the face of global challenges. The mechanism of global transformation is a complex set of interrelated processes that affect the socio-economic development of a country through the adaptation of the institutional environment, changing economic policy, attracting investment, introducing innovations, developing human capital, supporting entrepreneurship and international integration. These processes lead to significant changes in the structure and dynamics of the national economy, requiring flexibility and a systematic approach to management. Effective management of this mechanism is possible only with a deep understanding of the interactions between all elements of the reproductive system. The study identified the key elements of the country's socio-economic system and the mechanisms of their interaction. Each of these elements has a significant impact on the sustainability of reproduction processes and the adaptation of the economy to external changes. The interaction of the components determines the economy's ability to adapt to global challenges and support sustainable development.
Economic Bulletin. 2024;3(5):18-23
18-23
The decade of China’s Belt and Road Initiative in Central Asia: investment assessment and project implementation based on leading sources
Abstract
this article analyzes Chinese investments in Central Asia within the framework of the Belt and Road Initiative (BRI), which was launched in 2013 to develop infrastructure and strengthen economic ties between China and other regions. Special attention is given to the analysis of BRI projects in the Central Asian countries of Kazakhstan, Uzbekistan, Turkmenistan, Kyrgyzstan, and Tajikistan. Various databases are used, including the China Global Investment Tracker, China Global Development Dashboard, and Central Asia Data-Gathering and Analysis Team Research Project, to assess the volume of investments and their distribution across sectors. The results of the study show that Central Asia plays a key role in China's strategy, with a focus on investments in the energy sector and transport infrastructure. However, the data analysis reveals issues with the reliability and completeness of information, especially regarding Turkmenistan, where official data is lacking, making it difficult to accurately assess the scale of Chinese investments. The article also highlights challenges related to discrepancies in the methodologies for accounting for projects and investment volumes, which affect the overall picture of the economic impact of the BRI on the region. The key conclusions of the article emphasize the need for improved transparency and accuracy of data, as well as the importance of accounting for both unimplemented and announced projects to provide a more objective assessment of the real impact of participation in the initiative.
Economic Bulletin. 2024;3(5):24-34
24-34
Development of Russian-Indian economic relations after changes in geopolitical conditions in 2022
Abstract
in connection with the new geopolitical situation, Russia faces new challenges, including the development of relations with Asian countries. Thus, India, a country with a similar level of economic development, open to many projects and initiatives, has become one of Russia’s key partners in the East. Despite the long history of cooperation, Russia's trade relations with India have enormous potential for development. India's desire to remain politically independent clearly reflected in its neutrality towards Russia in the face of rising political tensions. In the future, this will strengthen interstate relations on the path to creating a multipolar world.
Economic Bulletin. 2024;3(5):35-40
35-40
Current methods of assessing the fair value of structural bonds and some areas for their improvement
Abstract
the article is devoted to the topic of assessing the fair value of structural bonds. Special attention is paid to such methods as the Monte Carlo method, the decomposition method, the numerical integration method and the method of partial differential equations. Based on the results of the analysis, a comparison of these methods with each other is shown, as well as an analysis of their advantages and disadvantages. This article also analyzes some areas in the development of methods for assessing the fair value of structural bonds, the introduction of which can contribute to a more accurate assessment of these instruments. The results of the study show that, depending on many different factors, one of the analyzed assessment methods may be more appropriate in a given situation, as well as the fact that in the era of technology development, machine learning cannot be done without implementing some areas of improvement.
Economic Bulletin. 2024;3(5):41-46
41-46
Current aspects of risk management in supply chains
Abstract
supply chain risk management is becoming increasingly important in the context of globalization and instability of world markets. The complexity of modern logistics networks requires closer attention to identifying, assessing and managing risks that can significantly affect the efficiency and sustainability of processes. The following theoretical research methods were used in the work: analysis and synthesis, comparison, abstraction, specification, generalization and formalization, thought experiment, thanks to which the following tasks were solved in the work: presenting the main stages of supply chain risk management, considering the typology of supply chain risks, suggesting the main directions for reducing risks. Issues of supply chain risk management are of great scientific interest, since they were covered in the works of the following Russian scientists: V.I. Semenchuk, V.A., N.V. Martynovich, O.D. Protsenko, A.E. Brom et al. The result of the work is the definition of the specifics of risk management in supply chains. To effectively reduce risks in supply chains, it is recommended to use an integrated approach that includes cooperation with all participants in the chain: suppliers, distributors and logistics operators. This allows for the creation of a more transparent and sustainable risk management system.
Economic Bulletin. 2024;3(5):47-52
47-52
