Economics of sustainable industrial growth: concept, problems and possible mechanisms of formation

2020 ◽  
Author(s):  
Vladislava Poletaeva
Keyword(s):  
Manufacturing Industry ◽  
Banking Sector ◽  
Raw Materials ◽  
The State ◽  
Industrial Growth ◽  
Russian Economy ◽  
Key Stakeholders ◽  
Mechanisms Of Formation ◽  
Government Lending ◽  
Definition Of

The monograph examines the issues of transformation of the Russian economy from raw materials export model to a model of sustainable industrial growth. In the first Chapter of the work the author formulates the definition of sustainable economy growth and the expediency of its formation, analyzes the problems that hinder the transformation of national economic system into a model for sustainable industrial growth, and identified possible mechanisms of such transformation. In the second Chapter, in order to determine the sources of the implementation of the financial mechanism of forming of economy of sustainable industrial growth, the author assesses financial potential of economic entities and analyzes the role of the banking sector and the state to invest resources in the Russian economy. In the third Chapter the author provides the rationale (for the decision of task of forming of economy of industrial growth) for the development of cooperation in the banking sector and the state in the financing of manufacturing industry on the basis of realization of interests of all key stakeholders of such projects, identifies the interests of the state, banking sector and manufacturing industries and estimated the fullness of their realization in the framework of the existing mechanisms of the banking and government lending to the economy. Designed for teachers, students of economic specialties, as well as anyone interested in the problems of development of economy in modern conditions.

Financial mechanism for the formation of the economy of sustainable industrial growth

2021 ◽  
Author(s):  
Vladislava Poletaeva
Keyword(s):  
Economic System ◽  
Manufacturing Industry ◽  
Banking Sector ◽  
Raw Materials ◽  
State Institution ◽  
The State ◽  
Industrial Growth ◽  
Industrial Enterprises ◽  
National Economic ◽  
Financial Mechanism

"The monograph is devoted to the development of a financial mechanism for the transformation of the national economic system from a relatively low growth rate and their significant instability of the export-raw materials model to a model of sustainable industrial growth. In the first chapter, the rationale is made for the feasibility (to solve the problem of forming an economy of sustainable industrial growth) of developing cooperation between the banking sector and the state in the field of financing the manufacturing industry based on the implementation of the interests of all key stakeholders of such projects, the interests of the state, the banking sector and manufacturing enterprises are identified, and the completeness of their implementation within the existing mechanisms of bank-state investment in the economy is assessed. The second chapter describes the algorithm of transactions for lending to industrial enterprises as part of the financial mechanism for forming an economy of sustainable industrial growth, and also develops methods for implementing the interests of the bank, the authorized state institution (creditors) and the manufacturing industry (borrower) when providing the latter with financing and in a situation of problem debt. In the third chapter, the author formulates a method for determining the "locomotive" industries, investment in which will stimulate the growth of the national economic system to the greatest extent

scholarly journals Certain mechanisms of establishing economy of sustainable industrial growth in Russia and problems of their implementation

2019 ◽  
pp. 44-56 ◽  
Author(s):  
V. M. Poletaeva ◽  
A. M. Smulov
Keyword(s):  
Consumer Goods ◽  
Manufacturing Industry ◽  
Labour Productivity ◽  
Mineral Resources ◽  
Raw Material ◽  
Considerable Proportion ◽  
Industrial Growth ◽  
Export Structure ◽  
Russian Economy ◽  
The Impact

The development of Russian economy at the present stage is connected with a number of difficulties hindering its shift from the ineffective raw material export model to the model of sustainable industrial growth. The essential drawback of the raw material export model aimed at extraction and export of mineral resources and import of industrial and consumer goods is a low resistance of economic growth to the impact of different factors, such as the situation on global commodity and finance markets, geo-political and economic circumstances in other countries. In contrast to the raw material export model the foundation of the model of sustainable industrial growth is formed by technologically developed manufacturing industry, the so-called locomotive industries characterized by high labour productivity, which provides a rise in putting out products showing competitiveness both on home and overseas markets. Due to this fact such products will be able to meet a considerable proportion of demand on the part of enterprises and population of the country for industrial goods and consumer goods and at the same time to make up a serious share in the export structure. The article deals with two key groups of mechanisms providing the shift of Russian economy from the ineffective raw material export model to the model of sustainable industrial growth, i.e. finance and non-finance ones. The authors analyzed principle difficulties hindering these mechanisms’ implementation in Russia: inability of non-finance mechanisms to guarantee the rise in quality and competitivenessof home-made goods; disparity of resources’ volume to needs of the national economic system in investment; obvious disproportion in districting funds by types of economic activity; the use of enterprises’ own resources for investment, etc.

scholarly journals Expert Assessment of Mechanisms of Implementation of State Regional Economic Policy in Ukraine

2020 ◽  
pp. 63-71
Author(s):  
Kateryna PASTUKH
Keyword(s):  
Economic Policy ◽  
The State ◽  
Regulatory Framework ◽  
Expert Assessment ◽  
Regional Economic ◽  
Economic Support ◽  
Regional Economic Policy ◽  
Mechanisms Of Formation ◽  
Definition Of ◽  
State Regional

The problems of implementation of the state regional economic policy in Ukraine cause the need to pay attention to its mechanisms. The research of the state regional economic policy in Ukraine, its mechanisms is conducted by scientists of different fields of knowledge. In fact, the study of the implementation of the state regional economic policy in Ukraine is particularly relevant among scientists in the field of public administration. However, the issues concerning the definition of the state regional economic policy in Ukraine and its mechanisms remain insufficiently investigated. The implementation of the state regional economic policy in Ukraine is investigated; expert assessment of its mechanisms of implementation is carried out. Based on the processing and analysis of respondents' answers, the results of their assessment are summarized and the relevant conclusions are reached. It is indicated that the state regional economic policy is the activity of the state, implemented through appropriate means and levers. One of the biggest obstacles in the implementation of the state regional economic policy is the imperfection of the regulatory framework and the lack of appropriate organizational and economic support, which confirms the conclusion about the need to improve the mechanisms of implementation of the state regional economic policy. It requires paying considerable attention to the improvement of the regulatory framework of the state regional economic policy. Its assessment gives grounds to state that there is still no established interrelational regulatory framework of the state regional economic policy and that is why, according to the respondents, it needs to be updated. Current challenges, trends of regional development underline the importance of improving the mechanisms of implementation of the state regional economic policy in Ukraine. The respondents emphasized the importance of taking into account foreign experience during the implementation of the state regional economic policy in Ukraine. Further scientific search will be devoted to the improvement of mechanisms of formation of state regional economic policy.

Investment Security as a Factor of Steady Economic Development

2010 ◽  
pp. 16-25
Author(s):  
S. Naryshkin
Keyword(s):  
Economic Development ◽  
National Economy ◽  
State Policy ◽  
Economic Security ◽  
The State ◽  
Security Requirements ◽  
Russian Economy ◽  
Definition Of ◽  
Stable Development

The article argues for the growing role of economic security factors in the situation of post-crisis development. The paper is focused on the problem of investment security of the national economy. The article contains the definition of investment security and its basic criteria. The author designates major directions and tools of the state policy directed at maintenance of investment security requirements as a condition of stable development and modernization of the Russian economy.

A Note on Growth and Structural Change in Pakistan's Manufacturing Industry 1954-1964 (Notes & Comments)

1969 ◽  
Vol 9 (1) ◽  
pp. 58-65 ◽  
Author(s):  
M. L. Eysbnbach
Keyword(s):  
Structural Change ◽  
Consumer Goods ◽  
Manufacturing Industry ◽  
Raw Materials ◽  
Import Substitution ◽  
Simple Analysis ◽  
Capital Goods ◽  
Industrial Growth ◽  
Manufacturing Growth

Lewis and Soligo studied the growth and structural change in Pakistan's manufacturing using a simple analysis of patterns of manufacturing growth [3]. Then, employing their results to re-examine the generally accepted view of Pakis¬tan's industrial growth, they found that import substitution had not been largely confined to consumer-goods industries [3, p. 108] and concluded that it would be difficult to accept the widely held hypothesis that distortions in industrial growth had resulted from the protectionist policies pursued [3, p. 111]. More specifically, they rejected the hypothesis of Power and Radhu that the greater protection accorded the consumer-goods industries would encourage the growth of domestic consumer-goods production using imported capital goods and raw materials [3, p. 96].

scholarly journals CREDIT: ESSENCE, PRINCIPLES AND FUNCTIONS

2021 ◽  
Author(s):  
Natalia Ostrovska
Keyword(s):  
Social Reproduction ◽  
Commercial Banks ◽  
Banking Sector ◽  
Cash Flows ◽  
The State ◽  
Economic Life ◽  
Bank Loan ◽  
Financial Resources ◽  
Social Infrastructure ◽  
Definition Of

In the modern economic system, with the development of market relations, the leading links in the economy began to be commercial banks, on whose activities depends the effective functioning of the state economy as a whole. The level of development of production, social infrastructure and the degree of development of society as a whole largely depends on how developed the banking sector of the state is. An important role in fulfilling the tasks is assigned to commercial banks, which can provide credit resources to enterprises and organizations, as well as citizens. Among the many categories of economics, credit can be considered among the most important, due to the unique role played by this economic phenomenon in the economic life not only of individual organizations, states, but society as a whole. The purpose of the article is to clarify the conceptual and categorical apparatus of the definition of "credit", its functions and principles of lending. The article examines the theoretical basis for determining the essence of the definition of "credit", its origin, functions and principles of lending, which highlighted the fact that credit is the most common form of raising funds in the banking market. It is determined that a bank loan is a form of credit in which money is lent by banks. Commercial banks licensed by the NBU are the main link in the credit system, they simultaneously act as a buyer and seller of temporarily available funds in society. In the system of economic relations, credit acts as an independent economic category. Thanks to credit, businesses have the opportunity to meet their economic needs to ensure the continuity of the processes of social reproduction, overcoming the limited financial resources. Credit relations allow businesses to increase their financial resources and expand production. The credit relationship between a banking institution and an entity is based on an analysis of the borrower’s financial condition. The main specific features of credit relations are: their emergence at the stage of redistribution of final income; formation on the basis of return and with the payment of interest; impact on the structure and volume of cash flows and features of the bank loan market.

scholarly journals The Essence and Mechanism of Financial Recovery of Lending Institutions

2020 ◽  
Vol 2020 (1) ◽  
pp. 121-12
Author(s):  
Dar'ya Osipova ◽  
Irina Gavrilenko
Keyword(s):  
Banking Sector ◽  
The State ◽  
Negative Consequences ◽  
Lending Institution ◽  
Complete Procedure ◽  
New Interpretation ◽  
Definition Of ◽  
Lending Institutions ◽  
Financial Recovery ◽  
Recovery Procedure

The current situation in the banking sector of the Russian Federation reveals a high degree of instability of lending institutions. In this regard, the Bank of Russia acts as a mega-regulator: its policy is to stabilize the banking market by using various financial and administrative instruments. Most commercial banks are not able to cope with the new requirements and regulations imposed by the state. As a result, they leave the market and recognize their insolvency. The present article introduces some statistics that characterizes the state of the banking sector over the past six years and confirms the situation described above. The existing banking legislation proved unable to determine the concept of insolvency of a commercial bank. The authors proposed a more specific definition of this concept, which fully reflects the essence of this economic phenomenon. In order to avoid bankruptcy, a credit institution may resort to a financial recovery procedure. A prompt and complete procedure gives an opportunity to avoid negative consequences and resume banking activities. The authors introduced a new interpretation of the financial recovery procedure in order to highlight the essence and specific features of the mechanism in the current economic conditions. The article presents a classification and a detailed roadmap of financial recovery measures. The roadmap provides a gradual financial recovery of the lending institution, which can be interpreted as the development of an economy.

scholarly journals Impact of 1998 Economic Crisis on the Dynamics of Market Reforms and the Privatization Process in Russia (on the Example of St. Petersburg)

2021 ◽  
pp. 347-362
Author(s):  
T. V. Valov
Keyword(s):  
Banking Sector ◽  
The State ◽  
Market Reforms ◽  
Industrial Enterprises ◽  
Russian Economy ◽  
Social Reaction ◽  
Starting Point ◽  
Privatization Process ◽  
The Government ◽  
The Impact

The impact of the 1998 financial crisis on the dynamics of market reforms and the privatization process in Russia and St. Petersburg is examined in the article. The activity of the government aimed at curbing the crisis tendencies in the first half of 1998, as well as the activity of the Cabinet of E. M. Primakov on the reanimation of the Russian economy in September — December 1998, is analyzed. The main reasons for the default, the impact of the crisis on privatization activity, the state of industrial enterprises, the banking sector, the transformation of integrated business groups, the level of welfare of the population, the state of relations “center-regions” are considered, and the social reaction to these changes is investigated. The state of the industry is revealed on the example of St. Petersburg enterprises. The approaches of the government of E. M. Primakov to the privatization policy are investigated. The features of personnel policy in the Ministry of State Property of the Russian Federation and the Committee for the Management of City Property of St. Petersburg are considered. The study of the causes and consequences of the default showed that this event became a key event in the development of the Russian economy, significantly influenced the pace of privatization activity and the state of financial and industrial groups, and also became the starting point for subsequent economic growth.

Modernization of Russian Economy: Radical Improvement of Investment Climate (The Economic Report of All-Russia Public Organization "Delovaya Rossiya")

2010 ◽  
pp. 68-89
Author(s):  
. Delovaya Rossiya (Business Russia)
Keyword(s):  
Innovation Policy ◽  
Raw Materials ◽  
Regional Level ◽  
Public Organization ◽  
Investment Climate ◽  
Economic Report ◽  
Russian Economy ◽  
Current State ◽  
Regional Authorities

The repot considers the current state of the Russian economy, analyzes the drawbacks of the functioning export-raw materials model of its development. The necessity of its changing on the basis of improving the investment climate on the regional level is noted. Corresponding measures on behalf of federal and regional authorities are formulated as well as the directions of innovation policy aimed at modernizing the Russian economy. The conclusion is made that private non-raw materials business should become the main agent of modernization in our country.

Problems of Industrial Self-regulation in the Russian Economy

2005 ◽  
pp. 69-82
Author(s):  
O. Osipenko
Keyword(s):  
Self Regulation ◽  
The State ◽  
Russian Economy

Continuing the discussion on industrial self-regulating organizations the author forwards new arguments for acceptance of special legislation on SRO in Russia, explores institutional principles as the base of that law. The draft law developed in the State Duma is analyzed through the prism of organizational borders of industrial self-regulation, social and economic guarantees of effective SRO evolution. Institutional nature of rules enforced by those organizations and variants of self-regulation are also considered.

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