Vol 14, No 1 (2024)
Articles
Secondary sanctions: purpose, consequences and challenges
Abstract
The ongoing sanctions pressure on Russia is increasing due to secondary sanctions against companies and individuals who are partners of Russian business.
The article reveals the stages and the main purpose of secondary sanctions and examines the potential consequences and challenges for the Russian economy.
It is shown that the development of the policy of secondary sanctions took place in four stages and is associated with the need to increase the effectiveness of sanctions pressure by expanding the scope of influence and increasing the role of sanctions pressure for potential and existing business partners.
The purpose of secondary sanctions is to refuse to cooperate with partners from the target country. The study shows that the United States, as the main initiator of sanctions against Russia, has generally completed work on clarifying the product groups for which restrictions and bans have been established. Further actions will be related to strengthening control over cooperation with Russian companies, especially in the field of technological products and financial settlements. The article presents recommendations for strengthening the counteraction to the pressure of secondary sanctions.
Journal of International Economic Affairs. 2024;14(1):11-24
11-24
The role of foreign direct investments in promoting cross-border technological innovation
Abstract
The article describes the key role of foreign direct investments (FDI) in driving cross-border technological innovation, emphasizing its significance in stimulating economic growth and promoting global market integration. Through an in-depth study of theoretical frameworks, impact mechanisms, and practical examples, the article illustrates how FDI can serve as an important conduit for technology transfer, enhance the competitive advantage of host countries, and promote a vibrant culture of innovation. In addition, the analysis highlights the importance of strategic approaches and policy formulation to maximize the FDI innovation benefits and ensure FDI effective contribution to technological progress and global economic integration. The article also recognizes research gaps, such as the intricate dynamics between FDI and host country innovation systems, and suggests areas for future research, including the socio-economic impacts of FDI-driven innovation on employment, income distribution, and environmental sustainability.
Journal of International Economic Affairs. 2024;14(1):25-34
25-34
The impact of innovative regional development on trade openness in the territory
Abstract
Nowadays, there are certain gaps in the assessment and analysis of the relationship between the parameters of regional innovative development and trade openness. It should also be noted that over the past few years, the structure of export and import operations has changed significantly due to both economic and political factors.
The article considers the dynamics of indicators that characterize the processes of innovative development of the regions of the Central Federal District, as well as the degree of trade openness for the period 2000-2021. It has been revealed that at the national level, an upward trend continues, accompanied by changes in the structure of partner countries. In order to identify individual characteristics at the regional level, their relationship with indicators of trade openness was analyzed. It was proved that there is a connection between certain parameters of innovative development and trade openness, which has been confirmed by the construction of regression equations. It has been revealed that in ten regions there is a relationship between these spheres. It is concluded that there is feedback on individual parameters, such as the number of personnel engaged in RD. The continuation of this study is seen in the study of the peculiarities of the development of individual territories from the point of view of identification and detailed description of regional characteristics.
This research can be used in the future by researchers and representatives of public and municipal authorities for planning and analysis of social and demographic regional and national processes.
Journal of International Economic Affairs. 2024;14(1):35-56
35-56
Challenges and prospects of the international logistics system in the Eurasian region
Abstract
These days, the geopolitical shifts of recent years, which manifested themselves in the crisis caused by the COVID-19 pandemic and anti-Russian sanctions, significantly influence the development of the global logistics system. Countries are striving to diversify supply chains; and they are currently laying a whole new world trade system in the Eurasian region. Thus, the relevance of studying the challenges and prospects of the international logistics system transformation in the region cannot be debated. The authors analyze the conditions under which the most promising international transport corridors of the Eurasian region operate. These corridors are as follows: International North–South Transport Corridor, Europe - Western China, and West - East. The article pays special attention to the measures applied in the framework of the development of each of these international transport corridors and highlights the main challenges impeding their development and prospects. The authors emphasize the importance of rapprochement between the Eurasian Economic Union and China through the Silk Road Economic Belt and identify the difficulties and benefits of such integration. In conclusion, the article analyzes the activities of the EAEU within the framework of the Digital Agenda, including in the sphere of logistics, and highlights the promising directions of digitalization of the world logistics system in the Eurasian region.
Journal of International Economic Affairs. 2024;14(1):57-72
57-72
Development of foreign trade cooperation between Kyrgyzstan and Russia under the conditions of the EAEU
Abstract
The article explores the development of foreign economic relations between Russia and Kyrgyzstan. The authors identify six key stages in the development of bilateral relations and the main goals. In the context of the turbulence of the world economy and geopolitics, against the background of the transformation of foreign economic relations, it is important to identify the foundation for the development of foreign economic relations and examine the dynamics, trajectory, and prospects for their development. The article provides an analysis of integration processes, strengthening economic and trade ties, and also emphasizes the importance of import substitution and production localization. The special interest of the article lies in attracting third countries through the import substitution program, expanding the localization of production and increasing export potential. The article is aimed at an audience interested in foreign economic relations, import substitution strategies and industrial development in the context of the economic regional bloc of the EAEU.
Journal of International Economic Affairs. 2024;14(1):73-86
73-86
Optimization and integration of the taxation systems of the EAEU countries
Abstract
The article presents the results of the analysis of the tax system of the Russian Federation. The tax codes of the Russian Federation and other member states of the Eurasian Economic Union have been studied. Comparative analysis of the Russian tax system with the systems of other EAEU member states in the context of common features and disadvantages was carried out; and appropriate conclusions have been drawn. The peculiarities of the tax systems of the EAEU countries are considered. The problems connected with the imperfection of the tax legislation and the practice of the implementation of the state policy in this sphere have been identified. The authors' methodological recommendations aimed at solving the relevant problems have been formed. It is noted that the improvement of the tax system of the Russian Federation will contribute to the integration in the Eurasian space.
Journal of International Economic Affairs. 2024;14(1):87-106
87-106
The UK financial system amid geopolitical instability
Abstract
The presented scientific research examines the impact of the aggravation of the global geopolitical situation in the first half of 2022 on the financial system of one of the leaders of the North Atlantic Alliance, the United Kingdom. The article provides a fundamental analysis of changes in the dynamics of key economic indicators of the United Kingdom against the background of a full-scale ideological and economic confrontation between the states of the NATO bloc and the European Union with the Russian Federation and its impact on the trends in net profits of the leading multinational corporations of the country in question in 2022 relative to the base time interval (2021). Further, the authors conduct a comprehensive study of the volatility of market value trends of the leading industry stock indices and the dynamics of changes in quotations of the national currency of the United Kingdom in relation to the main world monetary units on world stock markets from February 2022 to February 2024. The conclusion about the impact of instability at the geopolitical level on the changing trends of the UK economic system in 2022-2024 is made.
Journal of International Economic Affairs. 2024;14(1):107-122
107-122
Problems of financial resource mobilization for the economic development of African countries
Abstract
The economies of African countries are characterized by a number of unresolved problems caused by their resource, economic, financial, debt, etc. dependence, which creates additional difficulties for mobilizing domestic financial resources in order to ensure sustainable development and achieve the parameters stated in the Agenda 2063 and in the 2030 Agenda for Sustainable Development. This article discusses the main problems that act as obstacles to mobilizing domestic financial resources of African countries in the 2020s. The main guidelines for the subsequent development of strategies for solving these problems are outlined. This article is a continuation of a series of publications devoted to the problems and prospects of mobilizing domestic financial resources necessary to ensure sustainable economic growth and development in African countries. The article is intended for specialists in the field of world economy and international relations, economists, Africanists, as well as anyone interested in integration and international economic relations in general.
Journal of International Economic Affairs. 2024;14(1):123-158
123-158
Реформирование банковского сектора Ирака в условиях пандемии коронавируса: план восстановления
Abstract
Надежность банковского сектора в любой развивающейся или развитой стране является одним из ключевых вопросов обеспечения стабильного и безопасного функционирования экономической системы государства. И работа по развитию этого сектора является отправной точкой для развития местной экономической инфраструктуры. Нет никаких сомнений в том, что пандемия коронавируса имеет различные последствия в различных секторах, включая банковскую и экономическую сферы.
В условиях вспышки пандемии COVID-19, начавшейся в 2019 г., банковский сектор Ирака и других арабских стран (и даже международные банковские системы) столкнулись с серьезными трудностями и проблемами.
Данное исследование направлено на оценку влияния пандемии коронавируса на банковский сектор Ирака и выявлении возникших проблем в банковской сфере. В статье представлены авторские рекомендации для преодоления кризиса в банковском секторе Ирака в постпандемический период.
Journal of International Economic Affairs. 2024;14(1):159-176
159-176
China's growing role in the global economy in the context of the Belt and Road Initiative
Abstract
One of the most important factors in the development of the modern world economy is the long-term growth of the economy of the People\'s Republic of China and the implementation of the Chinese Belt and One Road strategic initiative. The purpose of the article was to analyze the increasing role of China in the global economy in the context of the implementation of the Belt and Road strategic initiative. The article examines such aspects of the PRC's role in the global economy as GDP growth, attracting FDI and Chinese FDI abroad, RD and patent activities. It is shown that China's role in the global economy has increased significantly in recent years. The novelty of the study lies in a comprehensive multidimensional approach to analyzing the increasing role of the PRC in the global economy. The authors used the latest statistics from the United Nations, the World Bank, and the Chinese government. The results of the study will be of interest to experts in the field of world economy and international relations, Sinologists and those interested in the implementation of the Belt and Road strategic initiative.
Journal of International Economic Affairs. 2024;14(1):177-194
177-194
The growing importance of China as a merchandise importer from countries and territories participating in the Belt and Road strategic initiative
Abstract
The article examines the role of China in the export of goods from the current list of countries and territories participating in the One Belt and One Road strategic initiative. The combined role of these countries in the world merchandise export during 2022 and 2013 is discussed. The increasing role of China as a global importer and its significant role as an importer from countries and territories participating in the One Belt and One Road strategic initiative are shown. Countries and territories that have significantly increased the export of goods to China over the specified period of time are highlighted. The main factors contributing to the growth of exports of these countries and territories to China are identified. Among these factors, to be the growth of imports of raw materials and food products into China seems to be the main one.
Journal of International Economic Affairs. 2024;14(1):195-216
195-216
Haiti: the never-Ending transition to democracy
Abstract
The article analyzes the process of democratic transformation in Haiti and the prospects for involving the Haitian people in the process of democratization. The author substantiates the relevance and significance of the research topic. The article examines aspects relevant to the origin and development of Haitian politics, focusing on the analysis of institutional shortcomings that can serve to eliminate and reorient the Haitian political system. In order to identify other effective methods for the democratization of the political system and society as a whole, further research on this topic is necessary. The data, conclusions and assessments presented in this article can be applied to further scientific development of the problems of the Haitian political system.
Journal of International Economic Affairs. 2024;14(1):217-226
217-226
Review of the monograph “The first decades of the 21st century: imperialism and national tragedies in the Near and Middle East” / Sharipov U.Z., Moscow, 2018
Journal of International Economic Affairs. 2024;14(1):227-229
227-229
