John Maynard Keynes' book The General Theory of Employment, Interest and Money appeared as a follow-up to the preceding research that was done in order to help people fight with the aftermath of the economic crisis of the 1920-s and 30-s that had affected all the developed capitalist countries. Can the modern scientific community use the experience gained and the great economists' heritage in order to analyze the reasons why the world financial crisis has occurred and can they offer an efficient tool to be used to find a way out of the situation?
The editorial board publishes here an article where Georgy Kleiner describes his view of the issue.
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The world economic crisis has affected the USA and the European countries and it has now affected Russia. One should have been ready for the development of this scenario. Have all the opportunities been used to prepare the necessary steps to confront the crisis in this country? Are the measures taken efficient enough and are there the necessary reserves in place to be used as appropriate? Such topics as the probability of a new wave of crisis, the prospects of a future collecting agency that would collect the bad debts, the appropriateness of such measures as the excessive ready assets offerings to banks and many other topics are being lively discussed by the wide public.
The editorial board has asked Mr. Murychev to share his point of view with us and give his professional assessment of the current developments.
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The Russian economy is rather well-integrated into the world economy. This is why the Russian economy has both the advantages and the serious disadvantages when it comes to the Russian national economy development. Russia cannot help being affected by the aftermath of the financial crisis the world is suffering from.
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Collusive agreement and tacit collusion problem is one of the most complex issues that both the legal professionals who deal with the competitive businesses and the antimonopoly officials face both in Russia and in all the countries of the world. How should we assess the achievements made by the RF Federal Antimonopoly Service? What should we do to put an end to the cartel agreement and tacit agreement-making practices? These were the issues discussed during a roundtable dis¬cussion organized by the Institute for Modern Development. The roundtable discussion title theme was The Collusive Agreements and the Tacit Collusion. Economists, legal professionals (including the practitioners who operate as defense counselors), executive bodies' and large businesses' representatives took part in the work during the discussion. The discussion was dedicated to the tacit agreement-making countering measures and the Russian antimonopoly policy elaboration issues. The discussion results can be of interest and of help to the economists who specialize in dealing with a wide range of economic issues.
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№ 2(14)
01 march 2009 year
Rubric: Authors: Ruzhanskaya L. S., Ostanin I. V., SHCHerbinina A. A., Tychinskaya T. A. |
The article authors provide the empirical data they have gathered while analyzing the corporate management characteristics in privately owned companies operating on a mixed property basis. They also have examined whether the state-owned companies contribute to the regional businesses' operational efficiency improvement if they have a share in the companies' property and participate in managing the companies. The data analyzed include the information that pertains to 93 stock companies that operated in the Urals region within the period of 2004 - 2007. The state-owned companies are now largely involved in managing the corporate property in the Rus¬sian regions where the share of state property in the property owned by the privately owned busi¬nesses is still high. The state owned companies set the standards of corporate management for the companies operating on the mixed property basis. The article authors indicate that the state owned companies that have a share in the businesses' property affect the businesses' efficiency levels but the state officials who become members of the privately owned businesses' boards of directors provide additional guarantees to the private property owners and this is an advantage for a company that operates on the financial markets. The article authors' main goal is to identify the role the state bodies that have a share and take part in the management of the Russian privately owned companies play in business. Their additional objective was to identify whether a partnership between the privately owned and state bodies can affect the businesses' operational efficiency and the competitiveness level. The research findings can be of interest to the big businesses' and medium enterprises' top managers and owners, state regulatory bodies' staff who elaborate stock market and corporate management regulations, Russian business analysts and to all those who are interested in knowing more about the corporate government.
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The article describes the comparative analysis results of today's international best practices elaborated by various governmental bodies for the regional competitiveness level improvement. The author tries to identify the productive components of the state bodies' managerial activity that can be used in Russia on the federal and regional scale. The components identified include the following: the development and implementation of the national industries' competitiveness level improvement state policy (strategy); identification by the state bodies of the new strategic competitiveness level management zones; cluster principle use in the business building; pilot projects in using various forms of partnerships-based cooperation between private entities and state bodies that should assist the companies in technology development and in using innovations.
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