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Volume 13, Nº 2 (2023)

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Articles

The impact of anti-Russian sanctions on the global economy and contemporary international economic relations

Gerasykina A.

Resumo

In 2022, due to sanctions, the world economy suffered seriously. Supplies around the world have become limited. The excessive dependence of countries on each other has shown its drawbacks. This has led to serious problems in trade and economic relations. In addition to economic and technological sanctions, the European Union has also imposed an embargo on energy imports from our country. The European economy also has some difficulties today, including an increase in the cost of energy carriers and a decrease in the growth of production dynamics. Many consumers have started looking for new manufacturers to purchase better quality products. Most of all, Eastern European states and the Baltic States face this situation. At the same time, supply factors play an important role, aggravated by export restrictions imposed by a number of countries. These restrictions affect global food and energy prices. This has become a key determinant of global inflation. The article analyzes the current state of the world economy. The author particularizes the position of the Russian economy in the conditions of sanctions and considers the consequences of sanctions imposed on Russia for the world economy.
Journal of International Economic Affairs. 2023;13(2):221-236
pages 221-236 views

Toolkit for assessing the share of foreign economic activity of a behind-the-border region in international markets

Ratner A.

Resumo

The need to ensure Russia's successful participation in the international economy actualizes the scientific problem solved in this article. It is the problem of analyzing the distribution of foreign economic activity among the territories of international spaces where Russia participates in cooperation. The solution to the problem is to assess the shares of behind-the-border regions in international markets. The development of tools for this assessment was the purpose of this study. This was carried out by analyzing, matching and correlating the Russian and international published nomenclature of international trade and investments statistics and tested in the Russia's leading foreign trade regions. To assess the share of behind-the-border region's foreign economic activity in the international markets of goods, services and capital, a set of indicators is substantiated. It provides an analysis of exports of goods and services, gross exports in commodity and geographical terms, the share of the region in exports of the international space, including Russia, the share of the region in imports of a foreign country that is a buyer of the region's products, including its imports from certain international spaces, the inflow of foreign investment and the placement of investments of the region abroad. Both the world as a whole and its regions, groups of countries, integration associations and individual countries are considered as international spaces. The results may be of interest to the structures of the Eurasian Economic Union when analyzing the territorial distribution of foreign economic activity within the Union.Funding.The study was carried out within the framework of the state task of the Federal State Budgetary Institution of the Institute of Economics of the Ural Branch of the Russian Academy of Sciences for 2021-2023.
Journal of International Economic Affairs. 2023;13(2):237-260
pages 237-260 views

The potential for development of the BRICS alliance in a globalizing and post-globalizing economy: a perspective on economic security

Sitnikova O.

Resumo

Currently, there is a significant transformation of the world economic system. The change in the geopolitical situation due to the beginning of a special military operation caused the transformation of many economic processes on a global scale. International associations like BRICS are beginning to play different roles. In order to increase the level of economic security of the participating countries and the alliance itself as a whole, the possibilities of the BRICS evolution are considered. The author proves that in the conditions of a special military operation and the world economic transformations, the further institutionalization of this "soft" alliance and its evolution towards more rigid forms of institutionalization will contribute to a systematic increase in the efficiency of interaction between the economies of the BRICS member countries, which, in turn, should undoubtedly contribute to improving the level of economic security of the member countries of the alliance. The article will be of interest to students and postgraduates of economic and political specialties, researchers and representatives of public authorities.
Journal of International Economic Affairs. 2023;13(2):261-274
pages 261-274 views

Prospects for achieving adequate levels of debt sustainability in Latin American economies under modern conditions

Morozov S.

Resumo

The continuing trend of the public debt growth in a number of Latin American countries in the post-pandemic period is a source of strengthening the crisis potential in the region. The author analyzes statistical data on the current situation in Latin American economies. The author hypothesizes that in the medium term it is impossible to qualitatively reduce the absolute volumes of public debts in a number of Latin American economies due to the significant uncertainty of the resumption of positive economic dynamics sufficient to ensure proper debt sustainability. Despite the importance and priority of the policy aimed at reducing the volume of public debts in absolute terms, the author makes the following forecast. In view of the global geopolitical tensions observed today, government borrowing by Latin American countries will increase in the medium term.This is due to both the goals of rapid economic recovery and previously not predicted economic shocks on a local and global scale. The assessment of possible drivers of future economic recovery is given. Their effective implementation can contribute to economic stabilization and achieve proper debt sustainability. The article may be of interest to both the investment community, financiers and economists.FUNDING.The article was prepared based on the results of research carried out at the expense of budgetary funds under the state assignment of the Financial University under the Government of the Russian Federation.
Journal of International Economic Affairs. 2023;13(2):275-290
pages 275-290 views

The economic expansion of South African multinational companies into Africa through the imperatives of corporate social responsibility

Efimenko S.

Resumo

The economic expansion of South African corporations around the world is a complex evolutionary and contradictory process. The author attempts to conduct a study of the experience of South African multinational companies in expanding their activities in African countries by studying their corporate social responsibility. In this article, we order to contribute to ensuring greater theoretical and practical coherence in this area by exploring corporate social responsibility in relation to the organizational strategy of multinational companies. Based on the typology of the organizational strategy of multinational companies, some scientists have hypothesized that companies should respond to the pressure of global integration and local responsiveness in relation to corporate social responsibility challenges in the same way as their organizational strategies respond to the pressure of integration and responsiveness in their product markets.The article emphasizes that the activities of South African multinational companies are now noticeably manifested through the promotion of socio-economic development of the country in accordance with the principles of socio-corporate governance.The article shows how South African multinational companies, using corporate social responsibility, combine charity with strategic marketing, actively occupying the best positions to promote products to foreign world markets.The article may be of interest for further research of multinational companies of the Republic of South Africa, as well as used as scientific material for seminars and conferences.
Journal of International Economic Affairs. 2023;13(2):291-310
pages 291-310 views

Comparative analysis of artificial intelligence strategy patterns in the US and PRC

Kapustin A.

Resumo

The present study is based on the method of comparative analysis to reveal the key features of the national industry strategies in artificial intelligence of the leading countries in the digital economy: the United States and China. This article reveals structural similarities and conceptual differences in setting goals and expectations from the development of artificial intelligence between the two mentioned states, filling the scientific gap in the comparative understanding of sectoral national strategies of the countries leading the digital economy in general and the artificial intelligence sector in particular. The study postulates the formation of two fundamentally different models of national policy in the field of artificial intelligence by considering fundamental economic and technical concepts within the framework of the national strategies of the countries mentioned. The results of the present study may become useful to students, professionals, and companies interested in understanding artificial intelligence strategies in the US and China. In addition, this article can serve as a valuable resource of industry information for making strategic decisions in public administration.
Journal of International Economic Affairs. 2023;13(2):311-332
pages 311-332 views

Development of international technology exchange between the Russian Federation and the People's Republic of China

Kostin K., Kostina P., Fridman A.

Resumo

The article examines the current level technological exchange between Russia and China. The analysis of the main directions of technological transfer between these two countries is carried out. The authors' assessment of the prospects for cooperation in this area is presented. The results of the study show that at the moment the level of technological transfer between Russia and China is quite high. However, there are still a number of problems that may limit its development. The key sectors of the economy in which cooperation between the two countries is possible have been identified. A number of specific projects that are already being implemented have been examined. Relevant conclusions about the prospects for cooperation between China and Russia in the field of technological exchange are drawn; and a number of measures for the further development of this cooperation are proposed.
Journal of International Economic Affairs. 2023;13(2):333-354
pages 333-354 views

Analysis of the impact of migration flows on the national economy (on the example of the Russian Federation, the countries of Transcaucasia and Central Asia)

Kozlov D., Khanina A.

Resumo

Migration flows have always had a certain impact on the national economy development. Due to the increase in the number of migrant workers in the country, there is a structural deformation of the labor market. The structure of government spending is changing. There are changes in the conjuncture of individual sectors of the economy. Migration flows can have both a positive and a negative impact on the country's economy. This is due to how legally migrants will work, as well as what positions in the labor market these persons will occupy. The essence of migration processes and the impact of these processes on the economy of the Russian Federation are analyzed. The analysis of money transfers and their structure was conducted. The authors discuss the fact of migration registration by foreign citizens, as well as the structure of vacancies and the employment of vacant places by non-residents. The authors have formulated a conclusion about the growth of migration flows associated with a shortage of labor resources in the state as a positive result of the impact on the country's economy, as well as the participation of non-residents in the shadow economy as a negative result of the impact on the economy of the Russian Federation.The article will be of interest to researchers studying the problems of labor migration, as well as to economists who analyze the specifics of the impact of migration flows on the economic development of the country.
Journal of International Economic Affairs. 2023;13(2):355-372
pages 355-372 views
pages 373-378 views

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