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There exist a number of attempts to explain the reasons for a rather difficult financial and eco¬nomic situation that the world economy has been facing and there also exist a lot of attempts to cope with it. For instance, in the middle of October 2008 the information agency Bloomberg published «The Financial Conditions Index» that covers indices of the money, stock, and bond markets. This index showed such an unprecedented decrease that analysts remembered «the black swan effect» to account for the situation in the world markets. The authors of the article are inclined to think that as a matter of fact a crisis of moral values lies at the heart of the global system crisis that grasped the world economy. The priority to become rich for all strata of the society from low classes up to the establishment turned out to be the basis of the process that can «blow up» not only the foundations of the world financial system but also cause more serious problems in the social order.

The journal continues to publish Professor Rais Akhmetovich Fatkhutdinov's textbook «Organization's Competitive Capacity Management. The second topic is devoted to the concept of competitive economy worked out by the author. The theory is based on the leader upbringing philosophy, economy and knowledge management that lead to the overall increase of process quality in all areas and branches, the growth of innovative activity and competitive capacity of the managed objects. The author of the article carried out mathematical and statistical research and a multifactor international analysis of 146 competitive factors in 125 countries (WEF data) that were valid in 2006. The research showed that the most vulnerable areas in the Russian competitive capacity is the institution of power.

The research was conducted in the following way: the conditions of firms in a separate branch of industry of a certain region were studied. Four industries with the prevailing small-scale business type of enterprise were chosen: food industry, wood processing industry, motor-car and chemical industries. Besides these industries one of the most important for today industries — the information technology industry — was chosen among the innovative branches of non-manufacturing business.

It is a well-known fact that competitive capacity of an enterprise is basically determined by the ef¬ficiency of its marketing strategy, the ability to choose a promising niche in the market, and to enter new markets. It is also known that a small enterprise, as a rule, cannot spend a lot of money on marketing research and a promotion campaign. The financial crisis made it more difficult for small businesses to market and promote products. What are the ways to smoothly enter new regional markets today? What are the ways to estimateproduct promotion in a new region? How can local officials assist in these issues? How can small businesses get competitive advantages? Elena Ljvovna Emelianova, President of the Interregional Marketing Centers Association, answered these questions at an interview for our magazine.

The necessity for the adoption of the so-called second antimonopoly statute — a set of measures and amendments in the legislation — is predetermined by the present day situation in Russia characterized by governmental abuse of market power, tough anticompetitive acts of market participants. Such law¬breakers should be criminally prosecuted. One of the main ideas of the second antimonopoly statute is the new version of Article 178 of the Criminal Code of the RF which states criminal responsibility for the gravest violations of the antimonopoly legislation. The amendments that make up the second antimonopoly statute are aimed at making legal anticompetitive measures more up-to-date, suitable for the existing economic activity and maintaining favourable competitive environment in the country. Aleksey Gennadievich Sushkevich, Head of the Federal Antimonopoly Service, spoke for the journal on innovations in antimonopoly regulations.