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Journal archive

№5(11) September-october 2008 year

Content:

Competition policy

Author: S. Golovanova

The article is dedicated to the analysis of the laws that determine the changes in the structure of industries' distribution in Russia during the period of economic growth in 1997-2004. The research shows that the geographic distribution of the production plants is still under the influence of the tendencies that existed during the Soviet times. However, one can observe the interregional industrial facility redistribution tendencies, although the scale and the speed of the change vary from one region to another. Among the factors that contribute to the changes one can name the regional investment climate characteristics, the regional scientific research potential, the interregional industrial ties and the ties that exist between the industries within one region. The research findings also show that the industries' geographic distribution is also influenced by the international competition trends.

Author: S. Glaz`ev

The President's socio-economic strategy of the Russian State development within the period of up to 2020 (hereinafter referred to as the Strategy) presented at a State Council meeting is, in es¬sence, a political decision of choosing the innovations-oriented path of the economy development and keeping away from the inertia-based pathway of the energy natural resource and raw material excessive use. The Strategy implementation process should be based on the Socio-Economic Development Concept developed by and the Forecast made by the RF Government (hereinafter referred to as the Concept and the Forecast) after the above decision was made. The article author examines whether the Government Concept and the Forecast parameters are in line with the strategic objective of the switchover to the innovations-based path of the Russian economy development.

The globalization-related processes strongly influence the social and economic development of the countries of the world and of the national economic systems. The challenges of globalization place the national economy competitiveness level increase issue on top of the priorities list. Under the circumstances a set of measures aimed at improving the Russian national economy competitiveness level becomes a factor contributing to the national economy growth.

Strategy and tactics

Author: D. Borsuk

Three scientific and industrial revolutions (SIR) have taken place for the last 200 years. They have changed peoples' views on many of the subjects pertaining to various scientific and technical fields, and have brought about the present arrangement of forces in the world politics and econom¬ics. The first SIR and invention in 1769 of a steam engine by the Scottish engineer James Watt are inextricably intertwined. The revolution has initiated the strengthening of the English state position and has turned the Pound Sterling into the main world reserve currency of the 18th and 19th century. The second SIR of 1948 is associated with the name of Norbert Wiener. It created prerequisites for the creation of today's information systems and predetermined the US leadership on the IT market. The emergence of the nuclear weapons of mass destruction determined the content and the composition of the post-WWII world political arena. The third SIR is a characteristic of the current period. 'What results will it bring on a global scale? What changes will it bring to the modern world?' — These are the questions the Russian and foreign scientists are trying to find the answers to today.

The Russian processing industry development calls for the new national-level industrial facilities that would be competitive on the global market. Such facilities outside of the Russian territory are usually turned into large business entities that can develop and introduce their new product into the market and even develop some new manufacturing standards. Such companies have emerged within some sectors of the modern Russian engineering industry. But their continuous development requires some support from the state bodies. The state can support them by facilitating the tax burden, improving the customs and export rules and regulations, and by creating joint programs in which both state-owned and privately-owned companies could take part. These measures can be taken efficiently if a separate state body is created that would be in charge of identifying the priori¬ties in the industry development field and in charge of the relevant project implementation.

The economic situation on the world financial market is bad, and there are not many opportunities now to get «cheap» loans from abroad. That is why it is so important to identify the domestic source of readily available and disposable assets and turn them into the operating assets. One of such sources is the private households' money. If the national financial system is fine-tuned to attract the households' funds, an opportunity will be created to increase the investment inflow into the Russian economy. The key players who operate on the financial market (e. g. banks, UlTs, privately-owned entities that create pension funds, insurance companies, and joint-stock companies) have already started a serious battle for the available funds held by the private households. Who will be the one to get the peoples' money? And would people trust a business entity in the first place? The success in the competition for the households' funds depends on whether we become fully aware of the factors that influence the savings-related people's behavior and of the objectives and motivation people have when choosing a way to keep their savings. It is also important to correctly assess the regional physical entities' savings' characteristics. The regional savings' structure knowledge will help make better decisions in regard of the competition methods and ways to attract the counterparties.

The issues of theory

Author: E. Korepanov

The author analyzes administrative, structural and institutional factors contributing to the Russian scientific work sector competitiveness level change. The factors include the way the objects and facilities-related rights of ownership and copyright on the work results are treated; the way the money is allocated for each stage of the project work and research; the way various types of industrial facilities are used. The author proves that the state executive bodies should take the initiative and take steps to improve the rate of return of the entities that take part in the scientific work.

FAS: antitrust

Abstract. Law «On protection of competition** adopted in 2006, changed the procedure of ex ante merger control in Russia substantially. Positive impact of the changes in law on economic efficiency seems to be at least twice as annual budget of Federal Antitrust Service. The treatment of group of economic entities as economic firm was apprehended by Russian business. At the same time ex ante merger control still suffer from path-dependency: the most striking is the system of behavioral remedies containing the elements of price regulation.

Consult a specialist

Author: V. Lednev

В практике работы многих российских компаний нередко встает вопрос об объединении или напротив разделении финансовой дирекции и бухгалтерии Необходимость решения данного вопроса зачастую обусловлена возникшими развивающимся в компании административным конфликтом конкуренцией и противодействием между двумя службами. Бесспорно, что устойчивое финансовое положение компании во многом зависит от объективного анализа грамотного планирования умелого управления денежными потоками и других компонентов финансового менеджмента. Кто же должен осуществлять на предприятии функции управления финансами? Редакция журнала обратилась с этим вопросом к специалисту, имеющему почти 30-летний практический опыт работы финансовым директором в «советских» и рыночных компаниях — старшему преподавателю кафедры стратегического и финансового менеджмента Московской финансово-промышленной академии Ледневу Валерию Алексеевичу.