Russian industry in global value-added chains

The paper analyzes Russia's participation in global value-added chains in the context of global trends in their development and the challenges facing the Russian economy in modernizing its industry. The analysis is based on the OECD’s TiVA indicators. The results indicate that the extent of Russia's involvement in GVACs is very significant, but the nature of this participation is purely raw. The specificity of the participation of the Russian Federation in the international fragmentation of production within GVACs is that most of the links in value chains are bottom-up. Russia is extremely limited in using imported flows to create export products with high added value. The study confirms that in the international division of labor, Russia retains a historically established specialization, with predominance in the export of mineral and agricultural raw materials, which determines the current profile of Russia's participation in global value-added chains.peer-reviewe

Current state and management of external debt in CIS countries

In this article prerequisites of increase and a current state of external debts of CIS countries which the countries from the point of view of economic security are the most significant and demanding development of urgent measures for management are analyzed. Stages of formation of external debts are allocated and characterized, the new threats which have arisen during the post-crisis period are defined, and also the measures used for decrease in debt burden are described

PERSONAL INCOME TAX IN EAEU: ANALYSIS OF PARAMETRS AND HARMONIZATION

This article examines the background to create a single space of the EAEC tax, providing for the harmonization of tax legislation, harmonization of tax policy, tax administration, and the convergence rate of some taxes. The general and specific approaches used by countries of the EAEC in the personal income tax. Estimated figures reveal the extent of its harmonization, the factors that led to a different level of harmonization of income tax in the context of different composition of the alliance, the most significant of which are the types of benefits, the kinds of tax rates. It is proven to increase the level of harmonization of the rates of income tax for the alliance of the three countries EAEC, due to their participation in the Customs Union and a reduction in the group of five countries, caused by the introduction in some countries of a single tax rate. At the same time it noted that the qualitative indicators show a low level of harmonization of the tax

CORPORATE FOREING DEBT: APPROACH TO ASSESSING«CRITICAL» AND MANAGEMENT

The article analyzes the trends and changes in the volume of the structure of Russia’s foreign debt, as well as the factors that led to a sharp increase in corporate foreign debt. Statistically confirmed the thesis on the practical non-use of private external borrowing to modernize the country’s economy. Criteria of evaluation of «criticality» of foreign debts of companies and systemically assess the state of the external debt of the two largest steel companies - NLMK and MMK. It is proven to improve the parameters that characterize the state of the external debt of the companies, and also considered measures to manage the external corporate debt

Eurasian economic union: Obstacles and prospects of monetary integration

The article considers reasons and main trends in monetary policies convergence in five post-soviet countries of the Eurasian Economic Union (EURASEC). The achievement of this goal necessitates the identification of main features at the current integration stage of post-soviet countries, and disclosure of factors that both stimulate and restrict monetary integration. Based on the sociological survey it was analyzed the citizens’ approach to the strengthening of integration within EURASEC and introduction of the single currency. It was proved that the negative attitude of citizens has mainly coincided with the dynamics of GDP, industrial production, currency rate and income from export with a one-year lag. Besides this, there were distinguished different periods of financial sector development and monetary policy transformation. Based on the macroeconomic indicators, it was concluded that some initially planned goals in consultations and single terminology had been achieved, there is progress in coordinating monetary and fiscal policies within the EURASEC that is crucial for monetary policies convergence. By using some pillars of optimal currency areas theories, it was identified some basic conditions for EURASEC further integration: targets for inflation are very similar, the single market was created, but still many discrepancies could be easily observed. Also it was proved the necessity to stimulate the countries’ activity in increasing national currencies in mutual settlements, introducing the unified requirements to the foreign exchange market participants and reducing the level of dollarization. The three-year performance analysis proves the lack of reasons to introduce the single currency by 2025. © 2018, Journal of Applied Economic Sciences. All rights reserved