Journal archive
Strategy and tactics |
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Despite the fact that the policies are implemented in different ways, the fiscal and competitive ma¬ket-related policies have a common goal of ensuring the market economy mechanisms' efficiency and improving the climate for doing business and making investments. Today the interdependency and the mutual influence between the fiscal and market competition-related policies are growing bigger in the field of legislation. The reason for the growth is the fact that certain processes are going on in the economy and the correlation is being sought with the development trends that exist in the foreign legislative systems.
According to the author, the competitive market-related policies and the fiscal policies should be elaborated by the Federal Antimonopoly Service in cooperation with the Federal Tax Service. The work should be coordinated by the RF Government. These two executive bodies should act within the framework of their terms of reference and should foster favorable environment needed to develop bona fide competition where the tax law is used as a control instrument and not as a basis for taking punitive measures.
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Commodity market analysis that includes the competitive environment analysis made during a certain period of time is not an end in itself. It is supposed that some administrative or economic decisions are to be made in the end. The decisions should be made either to maintain the market situation or to change the competitive market environment. It means the commodity market analysis should be made at different time intervals twice. Firstly, it should be made when an adminis¬trative decision is made and, secondly, at the moment when the planned outcome is about to be reached. The analyst should have an easy-to-use tool for processing the data to keep him from double work.
Automated commodity market analysis system (ACMAS) was created by one of the article authors. At the moment when it was invented it was seen as an application needed to manage the sales and production data generated by different entities (legal entities and individuals) that produced different goods on different territories. Therefore the system can be of interest for the analysts and the marketing people.
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The issues of theory |
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As it is known, Russia lacked many prerequisites in the early 90-s needed to ensure that the competitive market mechanisms would contribute to the efficient economy formation. Different market instruments use is a characteristic of the developed economies. It is natural that the tools' efficiency is fairly restricted if they are used in the economies where the transition period is not over.
Nevertheless, Russia created its competitive market regulations during a relatively short period of time; many market development instruments and mechanisms have been used; the business community uses the terms competition and competitiveness widely; we can see some business success stories.
However, we can see that there are no prerequisites yet that could become the basis for the Rus¬sian economy competitiveness as the deep economic crises of the past hamper the competitive environment development.
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The global economy and the national economies exert some influence upon one another, and the influence is increasing. International migration of financial, commercial, current, innovation-based, and intellectual capitals makes the national and world market competition fiercer and changes the market organization.
The national economies become more intertwined, and the modern core capital extended reproduction opportunities depend on this interdependency. The globalization and the competition itself influence the developed and underdeveloped economies' development but the patterns of influence are different for the two economy types. The issues connected with the globalization con¬sequences and the permanent economic entities' wishes to be independent are still unresolved. The Russian economy keeps increasing the volumes of the exported equipment needed for the key core capital reproduction sectors. As a result, it is becoming increasingly dependent on the competitors' behavior. The prospects related to the innovations introduction are vague.
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Competitive Russia |
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Despite the high economic efficiency figures available, sustainable economic growth, business development and the recent reforms made in some of the economy sectors found in Russia, the following problems are still acute: low production rate that is comparable to the rate found in the Central European countries where the economic development rate is lower that in Russia; the widening gap between the welfare rate the poorest and the richest people have; lowering life ex¬pectancy figures, etc.
It is not surprising that different analysts make totally different conclusions related to the factors influencing the Russian economy competitiveness level increase and the economic development prospects.
Anna Belova has agreed to answer the editorial board's questions on the factors influencing the national economy competitiveness level changes.
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The Russian natural resources (primarily, the power production-related resources) have been re¬garded as the country's indisputable competitive advantage for a long time.
It is clear today that the energy production issues the mankind faces cannot be resolved unless the nuclear power is used. That is why the following question becomes topical: is there a direct correlation between the Russian economy competitiveness level and the atomic power production sector development stage? Igor Ostretsov discusses this question here.
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FAS: antitrust |
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If we take a look at the antimonopoly law used in the developed countries, we shall see that the regulations are rather strict. We shall also see that the law is written as a result of the legal decisions taken and the application practices. The Federal Antimonopoly Service is a meaningful market economy tool. It was founded 15 years ago. The Russian antimonopoly legislation was created during this 15-year period of time. It fosters the competition and counters monopolies and mala fide competition. But the legislation is subject to amendments that make it better.
The editorial board has asked Ms Bondareva to speak about what the newest amendments are in the financial market-related antimonopoly legislation in Russia.
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Competition in the field of municipal power |
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The main requirement the end users of the housing and municipal engineering system have is to improve the system infrastructure. According to some experts, one of the best methods to be used to meet the requirement is to create privately owned companies that could bring large investments to the system and improve the system by making an overhaul of it. Nevertheless, rank-and-file members of the local communities usually think that privatization of the system facilities and transference of the system into the «unclean» hands will bring about the inap¬propriate supply of the vital utility services. According to the article author, when we speak about the housing infrastructure and utilities own¬ership type, we do not necessarily mean direct transference of the ownership rights to a privately-owned company.
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The main objective determined at the first stage of the Russian utilities and housing system reforms is to introduce the market relations into the system and attract private investment. Different factors contributed to the lack of appropriate actions in the past. Some of the goals are reached today. The author of the article looks at the status quo in the system development and takes a look at the prospects of the housing system reform.
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Industry competition |
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Insurance today is the most important factor contributing to the constant economy renovation, economic stability and social security. Being institutional investors, the insurance companies raise sufficient funds and make long-term investments that contribute to the economic development. Insurance companies are becoming increasingly important for the Russian economy. It becomes clear that the companies' operational efficiency is not just in the interests of the insurance agents; its increase will contribute to the welfare of all citizens. The insurance agents have to work in an environment which is full of various competitors. The article is about the insurance market competi¬tion analysis trends.
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The Russian banking business today is highly concentrated. 100 largest banks have 83.5 % of total assets. The high asset concentration in the banking business is nothing new for the international practitioners. The 5 largest Swedish banks hold 90 % of the assets; the same asset indicator is 87 % in Canada; 80 to 85 % in the Netherlands, Switzerland, and Belgium; 66 % in the Czech Republic; 55 % in Spain; 51 % in Hungary; 48 °% in Poland and 42 °% in India.
Does the capital concentration bring about the increase of the banking system competitiveness level? What influence does the concentration exert upon the real sector of the economy? The answers to the questions are hard to find.
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