- New Regional Policy: Improving Administration New Regional Policy: Continuity or Change? Sustainable regional development is a major priority of Russian government policy. The development of the national economy, the social welfare of R...
Sustainable regional development is a major priority of Russian government policy. The development of the national economy, the social welfare of Russia’s citizens, and the country’s territorial integrity all depend upon its successful implementation. At the same time, stable regional development is in many ways being hindered by existing problems in the delimitation of authority between the various levels at which public power is exercised. These are having a negative effect on the maintenance of sustainability and the balancing of regional and local budgets.
If life in Russia’s regions is to be improved, administration strategies are in need of significant transformation. A first step in this direction is the arrival in the regions of a new generation of managers and technocrats. Could new managers take regional administration to a new level? Must accumulated previous experience be fully discarded in order to achieve this, or could some ideas serve as anchors to which managers can attach themselves as they set off in search of new regional development strategies?
- New Regional Policy: Improving Administration The Regional Budget. Spending Can’t be Saved Regional authorities are today called upon to ensure integrated and proportional regional development, and the coordinating function they play in t...
Regional authorities are today called upon to ensure integrated and proportional regional development, and the coordinating function they play in the economic and social development of regions is expanding significantly. Under these present-day conditions, regions and their budgets find themselves in a double trap. On the one hand, a number of the country’s regions owe significant debts to the federal centre, necessitating reductions in expenditure. At the same time, spending cuts are having a negative effect on a range of key items, including investment in the development of infrastructure and the chance to raise living standards and quality of life for the population. Is it possible for regions to combine their efforts in order to solve large-scale challenges? Are interbudgetary transfers an effective tool for development or for reducing regional poverty? What key practices exist globally for combatting ineffective regional debt policy?
- New Regional Policy: Improving Administration Transforming Public Administration. Initial Results and Looming Challenges In autumn 2016, the Russian Government launched a portfolio of priority projects and programmes. What changes have governmental bodies succeeded in...
In autumn 2016, the Russian Government launched a portfolio of priority projects and programmes. What changes have governmental bodies succeeded in introducing to their work? What have been the initial results of implementing project management tools in ‘pilot’ government programmes?
What positive outcomes have been achieved for citizens and entrepreneurs? What progress is being made to ensure constructive collaboration between the state, business, and citizens in implementing projects and effective feedback systems (comparing experiences and reviewing best practices among Russian regions)?
- New Regional Policy: Improving Administration The Future of Open Public Administration Amid complex social processes and new economic challenges, the need to ensure that government authorities’ work is done openly represents an import...
Amid complex social processes and new economic challenges, the need to ensure that government authorities’ work is done openly represents an important task. This is especially necessary at the regional level and in municipal authorities. Citizens are increasingly voicing demands to be able to interact directly with government bodies. Open Government is gradually transforming into an Open State – one which is closer to people. This is one of the leading global trends being witnessed today. What image of the future does such a system have to offer in terms of the next political cycle? What are the challenges facing regional authorities in this respect?
- New Regional Policy: Improving Administration A New Format for EAEU Cooperation: Industrial Subcontracting and Cooperation Together with technology transfer, industrial subcontracting and cooperation have already long been widely used in developed industrial nations to ...
Together with technology transfer, industrial subcontracting and cooperation have already long been widely used in developed industrial nations to achieve high levels of efficiency and competitiveness in manufacturing. By 2019 it is planned that work will be complete on a Eurasian network for industrial cooperation and subcontracting, which will help to optimize production processes and significantly increase competitiveness, both at the level of individual businesses and at the regional level, to raise efficiency at manufacturing plants as a whole, and to free up organizational, financial, and human resources which can then be used to develop new areas of activity. What role might a new mechanism for integration play? How will a new format for collaboration impact the industrial and economic development of EAEU member states?
- New Regional Policy: Improving Administration Managing Change: Initial Outcomes of Implementing Goal-Oriented Models in Russia’s Regions In 2017, Russia’s regions began implementing goal-oriented models for improving the investment climate. Successful economic development in the regi...
In 2017, Russia’s regions began implementing goal-oriented models for improving the investment climate. Successful economic development in the regions is dependent in part on the creation of a favourable investment climate by regional authorities. A goal-oriented model is a kind of workflow algorithm which aims to solve the current problems faced by investors in regions, including connecting facilities to communications systems, access to land, and other issues. The initial outcomes of implementing goal-oriented models on the ground are already being felt, making it possible to evaluate the current state of the investment climate in Russia’s regions. Regions have also adopted parameters at different speeds, and not all goal-oriented models have proven straightforward to implement. How are entrepreneurs evaluating the outcomes of implementing goal-oriented models? What are the prospects for implementing goal-oriented models at the next stages?
- New Regional Policy: Improving Administration Digitize or Die. Best Practices for Digitizing Major Businesses The spread of technology and the digitization of ever more aspects of our lives are facilitating national socioeconomic development. It is not only...
The spread of technology and the digitization of ever more aspects of our lives are facilitating national socioeconomic development. It is not only the efficiency of production that is on the increase, but also the transparency of operations and relationships between actors. On 28 July 2017, the ‘Digital Economy of the Russian Federation’ programme was approved. One of the key prerequisites for its implementation is the creation of necessary and sufficient infrastructure, aimed at removing existing obstacles and restrictions holding back the establishment and growth of high-tech businesses, and preventing new barriers from emerging. How can the necessary infrastructure for a digital economy be created within Russia? What is necessary for this?
- New Regional Policy: Improving Administration Investment in Russia’s Regions: Has the Work of Management Teams Changed? Managing regional development is a key challenge on today’s agenda, and a positive solution to this issue is vital for the continued development of...
Managing regional development is a key challenge on today’s agenda, and a positive solution to this issue is vital for the continued development of Russia as a whole. A vital role in any management process is played by people, the quality of their professional training, and their teamwork skills. Increasing the quality of human resources is a standalone challenge – as well as a key investment in Russia’s regions. A major factor in the development of regional workforces should not only be the performance of regional teams, but also the desire of the majority to become one unified team, and to continue cooperating for mutual development to the benefit of Russia’s regions and the country as a whole.
What new professional demands are being made of the leadership of Russia’s regions?
Do effective mechanisms exist for attracting and retaining highly qualified staff in the regions?
What educational technologies need to be used to train leaders in order to ensure the development at a regional level?
The relationship between management effectiveness and regional investment – is there a dependency?
- New Regional Policy: Improving Administration Project Management as a Tool for Attracting Investment: Best Regional Practices Project management in the public sector has already ceased to be considered a new management paradigm; it can now be said with some certainty that ...
Project management in the public sector has already ceased to be considered a new management paradigm; it can now be said with some certainty that project management is the next important stage in establishing a management culture within government bodies.
Analyses of practices for implementing project management within the public and corporate sectors reveal how far the development of decision-making systems has progressed, how well established tools for the non-material motivation of project participants have become, and how tools are used to rank projects on the basis of their social significance, level of complexity, and so on. All of this demonstrates that project management is fully compatible with the established system and organizational structure of the public sector and achieves positive results, including from the point of view of attracting investors to implement new projects.
Could project management in the public sector serve as an engine for solving priority state issues? What regional and corporate experience could be used in Russia to help establish an effective project management system in the public sector?
- New Regional Policy: Improving Administration Integrated Regional Development: Innovative Infrastructure or Bold Solutions? Global experience shows that technology park infrastructure has already been a basic tool in innovation development for a number of years. The grow...
Global experience shows that technology park infrastructure has already been a basic tool in innovation development for a number of years. The growth of the innovative component is heavily dependent on the number of innovative infrastructure facilities operating in regions. Consequently, this has become an indicator for sustainable growth, both in the region in question, and in the country as a whole. A race is in progress amid present socioeconomic conditions for preeminence in integrated regional development. What must be done today in order to secure a prominent niche in the global distribution of innovative resources? Is regional infrastructure ready for the introduction of new technologies? Are PPP mechanisms for developing infrastructure a useful tool or a bold solution? Is a proactive approach on the part of regional leaders fundamental to infrastructure development?
- New Regional Policy: Improving Administration Regulating the Digital Economy: Problems and Prospects In December the Russian government approved a plan to develop legislation on regulating the digital economy. The plan includes more than 50 package...
In December the Russian government approved a plan to develop legislation on regulating the digital economy. The plan includes more than 50 packages of legislative measures designed to remove key barriers on the path to nationwide digitization. There are also plans for the simultaneous development of concept papers addressing how the Russian legal system as a whole can be transformed to make it more flexible in the context of an ever-changing world, and how to regulate the use of ‘cross-cutting’ technologies on a systematic basis. Are all priority measures for developing the digital economy covered by the plan? What other regulatory issues need to be resolved with respect to the challenges posed by the digital economy?
How can regulation be implemented in a changing environment, and how can the process of establishing regulations be made more dynamic? Alternative means and methods of regulation.
- New Regional Policy: Improving Administration Prospects for Collaboration between Government and Business in Disaster Reduction The second half of the twentieth century saw an upward trend in the number of major disasters, both natural and manmade. In Russia alone, the cost ...
The second half of the twentieth century saw an upward trend in the number of major disasters, both natural and manmade. In Russia alone, the cost of damage directly and indirectly resulting from extreme situations of various kinds could reach up to 2% of national GDP. Today, it is more effective to invest in reducing the risk of a disaster than it is to struggle with the consequences of one. If a positive effect is to be achieved in this area, it is extremely important that government and business collaborate on a constructive basis. What measures must a government take to motivate business to invest in disaster protection? What has been achieved in a year of monitoring and oversight activity? How can administrative costs for business be reduced? Could preventive work carried out on business facilities become an alternative to checks?
- New Regional Policy: Improving Administration Regional Investment Cooperation as Part of the Belt and Road Initiative In order to achieve a sustainable rate of development, Russia’s regions need a constant influx of investment, and the battle for this is a strategi...
In order to achieve a sustainable rate of development, Russia’s regions need a constant influx of investment, and the battle for this is a strategic challenge facing any region, irrespective of how much financial aid it receives. The investment budget for the Belt and Road Initiative is estimated to be a colossal sum – USD 900 billion. These funds will be used to finance more than 900 separate projects across 65 countries. In order to manage these investment streams, a powerful funding infrastructure has been created, enabling the foundations to be laid for a new wave of investment in the region. Such associations as the Eurasian Economic Union (EAEU) and the Greater Eurasian Partnership have been formed in order to establish connections across the continent which will facilitate trade and the implementation of all kinds of exchange between countries. The support of digital platforms has made it possible to transfer these processes to the regional level within individual countries. Direct regional trade and investment links between states are becoming a significant trend in contemporary international economic cooperation. What factors could facilitate an expansion of investment as part of the Belt and Road Initiative in Russia? What role has been envisaged for the EAEU and Greater Eurasian Partnership with respect to investment activity in the context of the Belt and Road Initiative? What prospects does investment through the Belt and Road Initiative offer Russia’s regions?
- New Regional Policy: Improving Administration An Experimental Approach to Regional Development The formulation of new approaches to the state management of regional development (including the development of individual sectors) frequently requ...
The formulation of new approaches to the state management of regional development (including the development of individual sectors) frequently requires testing in the form of pilot schemes. Such an approach helps to eliminate project shortcomings, create various models which take regional specifics into account, and refine project parameters before the mass implementation stage. An experimental phase in implementing innovations in regional development is already used by a number of other countries (France, China, etc.), helping them to adopt a more considered approach to rolling out projects on a nationwide scale. The Centre for Strategic Research Foundation has taken the initiative of launching several pilot projects in Russia’s regions, including ‘Smart City. Successful Region’, ‘Improving Medical Care for the Chronically Unwell’, ‘High-Tech Education in Schools’, and ‘Contemporary Public Administration’. By carrying out these projects, it will be possible to test new development models for individual areas of regional development.
- A Fresh Boost for Regional Business Social Enterprise as a Resource in Regional Development Today in Russia, a new phenomenon has arisen in the entrepreneurial sphere – social enterprise. ‘Social enterprise’ is about the voluntary particip...
Today in Russia, a new phenomenon has arisen in the entrepreneurial sphere – social enterprise. ‘Social enterprise’ is about the voluntary participation of entrepreneurs in solving acute social challenges, not with the goal of exacting maximum profit, but rather of achieving maximum social effect. A bill to reinforce the concept of social enterprise has now been developed and submitted to the Russian Federation Government. Comprehensive measures are being put in place to develop this area of entrepreneurship. Social enterprise is one of the priorities of current state social policy, and work in this area should be continued. What is the present status of social enterprise in Russia’s regions? How can the involvement of social entrepreneurs facilitate the resolution of acute social problems and regional development? What support measures are already being provided, and what others are needed? Is major business ready to provide support to social enterprise? How does Russian experience in social enterprise compare with global best practices?
- A Fresh Boost for Regional Business Infrastructure Mortgages: Public–Private Partnership 2.0 ROSINFRA Infrastructure Congress Event Since 2014, an annual reduction of 10–15% in budgetary expenditure on infrastructure has been observed. According to expert opinion, in order to en...
Since 2014, an annual reduction of 10–15% in budgetary expenditure on infrastructure has been observed. According to expert opinion, in order to ensure annual growth in Russian GDP of at least 5% it is essential to increase the volume of investment in infrastructure by 10% annually, and for it to comprise approximately 4% of GDP by 2022. Foreign experience indicates that a fifth of total infrastructure funding should be derived from private investment. Such a volume can be ensured, in the first instance, through a more systematic application of public–private partnership mechanisms. The PPP market is presently experiencing ‘growing pains’, however. A rise in the number of projects – from 100 in 2013 to 2,500 in 2017 – has been accompanied by a rise in problems and restrictions hindering further growth. The resulting situation requires that a systematic approach to the problem of delivering infrastructure within Russia be implemented. A solution is available in the form of an ‘infrastructure mortgage’, an idea developed by the government at the initiative of the President. The programme is based on the challenges of creating more convenient and transparent rules for those investing in infrastructure, the ‘adjustment’ of existing legislation, and the development of mechanisms for pre-project financing and guaranteeing returns on investments. What is the view of this new ‘mortgage’ among market participants? Are the proposed measures exhaustive? How can an additional source of funding be secured to shoulder costs?
- A Fresh Boost for Regional Business The Contribution of Innovative Clusters to Regional Investment Attractiveness A great deal of activity is in evidence today surrounding the formation of companies and the scaling-up of their operations – startups and scaleups...
A great deal of activity is in evidence today surrounding the formation of companies and the scaling-up of their operations – startups and scaleups. The largest contribution to employment growth is being provided by just 3% of the most dynamic companies. This poses a new challenge for national economic policy. Some answers may be found in a cluster policy. The structure of a cluster is formed by existing companies which have already established themselves, cemented their position in business or science, and matured to the point of being able to undertake joint action. Clusters can help strengthen the demonstration effect for fast-growing companies by facilitating more intensive and open communication between their members. A number of existing fast-growing companies (for example, from the list of ‘national champions’) whose competitiveness is chiefly dependent on their local surroundings, can form clusters around themselves, attracting new organizations and transforming existing ones. Are traditional support measures in the sphere of small and medium-sized businesses and innovation sufficient to stimulate the scaling-up of successful companies? What new tools can be proposed for the support of fast-growing companies, and how can old tools be reoriented for these purposes? What is the role of leading Russian clusters in the realm of cutting-edge technologies and in transforming the stream of startups into a stream of fast-growing companies?
- A Fresh Boost for Regional Business Public Finance. Developing Mechanisms for Crowdfunding, Crowdinvesting, and Crowdlending An investment crowdfunding mechanism is being actively applied in today’s economy with the objective of structuring investments more efficiently. C...
An investment crowdfunding mechanism is being actively applied in today’s economy with the objective of structuring investments more efficiently. Crowdfunding will eventually make it possible to attract investors to innovative venture projects directly and within short periods of time, reducing transactional costs. Countries like the UK, the USA, and Israel are actively applying crowdfunding and crowdlending mechanisms as tools for attracting investment. Russia presently lacks specialized crowdfunding regulation, which is making it more difficult to develop the mechanism. One important issue in the development of crowdfunding today is that of ICOs. Currently, most regulators have defined an approach to regulating this phenomenon which takes into account possible risks. What might the consequences of a crowdfunding mechanism in Russia be? Is it possible to use international experience as a basis to take crowdfunding in Russia to a new level? What are the prospects for crowdfunding as a mechanism for financing innovative projects? Could ICOs present an alternative to venture investments? How can general financial market infrastructure be adapted to fund innovative projects?
- A Fresh Boost for Regional Business Does Small Business Have a Place in Exports? A View from Entrepreneurs Only 0.5% of Russian small and medium-sized businesses presently export their products, whereas this figure exceeds 30% in Germany and is as high a...
Only 0.5% of Russian small and medium-sized businesses presently export their products, whereas this figure exceeds 30% in Germany and is as high as 70% in Japan. In order to achieve economic growth, it is essential to increase exports as one of the major indicators of competitiveness. How do small businesses rate their export potential? What are the difficulties faced by Russian small businesses, and how can these be overcome? How can the share of small and medium-sized business in the export of goods and services be increased?
- A Fresh Boost for Regional Business Creating Ecosystems for Young Enterprise Businesses run by young people represent a significant segment of small enterprise. One of the priority areas for government support of small and m...
Businesses run by young people represent a significant segment of small enterprise. One of the priority areas for government support of small and medium-sized enterprises covers measures to encourage young people to engage in entrepreneurial activity. It is the present generation of young people and young enterprise that will make up our country’s image in 10 years’ time: helping young people in business to develop today will determine the rate of economic growth and of Russia’s national development tomorrow. What are the particular features of young enterprise? What is needed to develop it? What can be done to help overcome its weaknesses and develop its strengths? Is it possible to apply international experience in supporting and developing young enterprise?
- A Fresh Boost for Regional Business How to Raise a Unicorn: Attracting Investment to the Innovation Sector Over the last 30–40 years, the role of knowledge and innovation in the socioeconomic development of society has been growing at an unbelievable pac...
Over the last 30–40 years, the role of knowledge and innovation in the socioeconomic development of society has been growing at an unbelievable pace. The innovative economy is today taking on a particular relevance as one of the mechanisms accelerating economic growth. Investment resources are playing a key role in this. There is currently a shortage of long-term investment in Russia, including in terms of resources from institutional investors in the innovation sector, at a time when contributions from such investors are forming a significant share of investments abroad. Startups serve as a major generator of innovative products. Every newcomer to innovative business dreams of raising a unicorn company. Giants like Uber and Airbnb have demonstrated that raising a unicorn really is possible! A programme is already being implemented in Russia to provide state support to ‘national champions’ – fast-growing companies with the potential to increase export revenue, although the growth of companies like these is limited unless significant investment can be attracted or they go public. Who are these unicorns exactly – are they a myth, or a reality? Is there a future for Russian unicorn startups? Could the Moscow Exchange become a key mechanism for ‘rearing’ companies like these? What government support tools could be used to help unicorn companies? How realistic is it for a Russian technology company to float on the Russian stock exchange? What conditions need to be put in place in order to attract funds from institutional investors into the innovation sector of the Russian economy? What new tools need to be developed for investment in innovative companies?
- A Fresh Boost for Regional Business Russian Goods on Global Markets: a Glance into the Future Creating and promoting brands for domestic goods is one of the key challenges involved in expanding exports of finished products. Promoting strong ...
Creating and promoting brands for domestic goods is one of the key challenges involved in expanding exports of finished products. Promoting strong and competitive Russian product brands helps to create stable consumer demand and reinforce a positive national image. What are the basic tools for promoting the ‘Made in Russia’ export brand, and how can it be safeguarded from a legal point of view? What role are product brands playing in promoting the image of Russia’s regions? What is the significance of franchising in promoting the image of Russian brands? What challenges are Russian companies in non-commodity sectors overcoming in gaining access to foreign markets? What role is the introduction of new industrial technologies playing in boosting the export potential of competitive domestic products? What position do regional SMEs fill in the export of finished products from Russia?
- A Fresh Boost for Regional Business Investment in Tourism: Attractive Segments of the Sector and Preparations for the 2018 World Cup The tourism industry is a promising area for investment. One rouble invested in tourism can yield as many as five roubles in return. As part of a t...
The tourism industry is a promising area for investment. One rouble invested in tourism can yield as many as five roubles in return. As part of a targeted federal programme to develop domestic and foreign tourism in the Russian Federation over the period 2011–2018, a large number of investment projects are being implemented which are centred around the creation of tourism, recreation, and motor tourism clusters. Individual Russian regions are also progressing with their own investment initiatives. In 2018 Russia will host the FIFA World Cup. Preparations for this important sporting event will involve new challenges and new investment opportunities. What segments of the tourism sector are the most promising today, and what are the factors that determine their investment attractiveness? What are the specific features of industrial, cruise-based, ethnographic, and other kinds of tourism from the point of view of investment? What role can domestic and inbound tourism play in improving a region’s investment appeal? What will the 2018 World Cup contribute to the development of the sector from an investment point of view, and how can effective use be made of the ‘championship legacy’ once the matches are over?
- A Fresh Boost for Regional Business Digital Energy: Challenges and Strategies A digital revolution is taking place in all sectors of the economy. Only a small proportion of these transformations are noticeable to the consumer...
A digital revolution is taking place in all sectors of the economy. Only a small proportion of these transformations are noticeable to the consumer, whereas a large number of them are invisible to the naked eye, but will have a revolutionary effect on the efficiency of all economic processes. The fuel and energy industry is no exception. The widespread deployment of sensors, the Internet of Things, and the growth of computing power and artificial intelligence capabilities are making it possible to optimize manufacturing processes and reduce the costs of production. In addition to a sharp intensification of competition on the global energy market, this could lead to the emergence of new technological leaders and a loss in competitiveness among those who fail to participate in the digital race. For Russia, a global energy leader, these questions are especially relevant.
How long will the resilience of traditional energy producers allow them to survive without implementing new breakthrough technologies? What is the price of transformation? What has already been done to lay the foundations for the coming IT leap, and what must Russia still do in order to preserve and improve its competitiveness in the global energy arena?
- A Fresh Boost for Regional Business Small and Medium-Sized Businesses in Agroindustry: How to Increase Profitability The question of how to increase production efficiency is presently an acute one for all enterprises in the sector. Whereas large agroholdings, gene...
The question of how to increase production efficiency is presently an acute one for all enterprises in the sector. Whereas large agroholdings, generally speaking, have the resources to finance essential transformations, for smaller businesses this question remains an open one. Small and medium-sized businesses in competition with agroholdings are at a disadvantage from the point of view of effects of scale, access to technology and finance, and the organization of production. Is market competition between small and major businesses possible in the agricultural sector? What opportunities exist for cooperation between agroholdings and smaller entities? Where are the reserves for increasing efficiency and profitability for farmers? Who consumes the products of small and medium-sized businesses, and how can an effective dialogue be initiated with these consumers? Can modern technology help small and medium-sized businesses in the fight to remain competitive?
- A Fresh Boost for Regional Business A New Structure for the Economy of Russia’s Regions: Where are the Sources of Efficiency? The model for the sustainable socioeconomic development of Russia’s regions is based on global and national factors in achieving efficiency within ...
The model for the sustainable socioeconomic development of Russia’s regions is based on global and national factors in achieving efficiency within these regions, which are competing for access to investment resources and human capital. New directions for regional structural policy: regional competitiveness as an objective and long-term resource for progress.
What contemporary tools of government regional structural policy are the most relevant and productive? Where can room for modernization be found in the sectoral structure of Russia’s regions? How can a historically high level of regional diversity in terms of the level and dynamism of socioeconomic development be used to the country’s advantage? Can a compromise be found between international integration processes and the preservation of regional identity?
- A Fresh Boost for Regional Business Quality as the Foundation of Competitiveness Contemporary approaches to managing enterprises and organizations view quality as a set of criteria to be applied to all business processes, from c...
Contemporary approaches to managing enterprises and organizations view quality as a set of criteria to be applied to all business processes, from cost management to consumer interactions. International experience shows that a systematic approach of this kind not only makes it possible for enterprises to increase labour productivity and production efficiency, but also ensures positive change at a macroeconomic level. Could quality become the foundation for a national strategy, and what is its role in creating the ‘country of origin’ effect? What is the role of regional brands in this process? What are the specific features of investment projects in the field of quality? What tools have already been introduced in Russia to encourage domestic enterprises to produce quality products and services, and how effective are these proving to be?
- A Fresh Boost for Regional Business Family Values: How is Business Helping to Make Russian Families Richer? Family companies account for between 50% and 80% of jobs in the global economy, and represent more than two thirds of companies worldwide. The grow...
Family companies account for between 50% and 80% of jobs in the global economy, and represent more than two thirds of companies worldwide. The growth rate of family businesses in Russia is lagging behind global indicators.
According to expert data, family businesses are more crisis-resistant. Today, Russia is lacking the concepts and definitions of ‘family business’ and ‘family enterprise’. Removing imperfections in the regulatory framework and creating the best possible conditions for family businesses to be run will make it possible to take Russian business to a new level, increase the prosperity of the Russian population, and transition to an innovative form of economic development. What incentives should the government offer citizens in order to significantly increase the proportion of family companies in Russia? What steps must be taken in order to make running a family business viable and economically advantageous?
- A Fresh Boost for Regional Business Cities and Regions: A Creative Environment and Development Institutions Russia’s cities and regions exhibit significant potential for economic growth. One of the key factors constraining development in cities and region...
Russia’s cities and regions exhibit significant potential for economic growth. One of the key factors constraining development in cities and regions is the institutional landscape: regulation of the most important sectors for urban and regional development and the system for allocating authority among governmental bodies. Changes to the legal landscape in such areas as the management of state and municipal property (including land resources), the regulation of urban planning, and support for the creation and operation of investment infrastructure, among other things, could help to unleash economic growth in cities and regions, increase their competitiveness, and implement comprehensive regional development projects.
Cities are the foundation of the creative economy, because it is in cities that dense networks of collaborating individuals are concentrated together with production and sales markets for innovative goods and services. Global digital technologies have made it possible to increase connectivity between cities and led to an increase in their creative capital and human potential as a result of direct access to knowledge and information. The contemporary city implies the development not only of an effective urban infrastructure, but also of a fully-fledged creative environment, with a high degree of cultural openness, economic diversification, social responsibility, and comfortable surroundings. It is this creative environment which attracts a highly qualified workforce and potential investors.
- A Fresh Boost for Regional Business Making Russia More Attractive as a Jurisdiction for Investors An enormous amount of work has recently been carried out to improve Russia’s legal system. This includes large-scale reforms of the Civil Code and ...
An enormous amount of work has recently been carried out to improve Russia’s legal system. This includes large-scale reforms of the Civil Code and changes to the commercial arbitration system. Reforms to oversight are also being introduced. Modern legal standards have been introduced to the Russian system, allowing even the most complex investment projects to be realized. Assurances and guarantees, escrow accounts, shareholder agreements, and many other legal instruments are already part of legal reality in Russia. The speed and efficiency of the commercial arbitration process in Russia are the result of organizational changes to state courts, as well as reforms to the procedure for setting up arbitration courts and the expansion of their authority, among other modifications. All of these changes are the subject of widespread discussion in the legal world. Despite this transformation, however, business owners and senior managers in Russian companies are often still imprisoned by myths about the exclusivity of English law. What are the strengths of the Russian legal system? What new opportunities for business are there within the jurisdiction of the Russian Federation? How successful have measures introduced to reduce administrative pressure on business proven to be? What impact is the increasing appeal of Russia as a jurisdiction having on attracting investment?
- Improving Quality of Life Best Practices in Socioeconomic Development The All-Russian Regional Best Practices and Initiatives in Socioeconomic Development Contest, organized by the Agency for Strategic Initiatives, wa...
The All-Russian Regional Best Practices and Initiatives in Socioeconomic Development Contest, organized by the Agency for Strategic Initiatives, was run for the second time in 2017. The competition is a tool which helps regions to publicize their best practices at a federal level. The key distinctive feature of the competition is the availability of tools which make it possible to replicate and implement the best practices and initiatives of competition finalists in the format of ‘ready solutions’, using the Region-ID information system. What practices from the ranks of the finalists, who are chosen by an expert competition jury, will prove victorious? Can the finalists’ practices be scaled up and applied across all regions of the Russian Federation? How universal are the finalists’ practices? What advantages do the regions that implement best practices obtain? In what sectors can these best practices be applied? What categories of best practice will be in demand in 2018?
- Improving Quality of Life The Smart City – A New Quality of Life The modern city is changing the lives of its inhabitants, creating an atmosphere in which they can develop and realize their creative and intellect...
The modern city is changing the lives of its inhabitants, creating an atmosphere in which they can develop and realize their creative and intellectual potential. People today don’t just choose a flat somewhere, they look for an environment that interests them and where they feel comfortable living – from their home, to their block, to their entire neighbourhood. Quality of life has become a factor in property prices and the demand for particular areas. Cities have been joined in the competition for human capital by entire countries, with population mobility and the speed of relocation presenting a serious challenge for all developed nations.
How is the quality of an urban environment evaluated by officials, business, and people themselves? How can the most important aspects be identified and attention focused on them? What is social space within the landscape of the contemporary megacity, and where is the boundary between the responsibilities of business and the consumer? How is the introduction of modern technology into the municipal economy influencing the economic and social potential of regions?
- Improving Quality of Life Digital Education: an Investment in the Future The development of a digital educational environment is today part of a systematic project to improve the quality of education. Its future developm...
The development of a digital educational environment is today part of a systematic project to improve the quality of education. Its future development is closely linked with the adoption of tools to accompany personal learning based on artificial intelligence technology, which will make it possible to use an individual approach for every learner. Digital platforms could take over part of the teacher’s daily routine, leaving them with more time for individual and group work. A genuine opportunity is emerging to formulate a personal learning trajectory. How can business be encouraged to participate in creating a digital educational environment? How can the quality of online self-education be ensured? Is a personal learning trajectory a must have of the future? What barriers of government regulation must be removed to allow digital education to develop?
- Improving Quality of Life An Environmental Image of Russia’s Future: Prospects and Goals What does Russia’s future look like? Will she suffocate in clouds of smog produced by the fuel and energy industry and cars, or follow the mainstre...
What does Russia’s future look like? Will she suffocate in clouds of smog produced by the fuel and energy industry and cars, or follow the mainstream of global trends in refusing to burn hydrocarbons? What is Russia’s place in the global battle against climate change? What innovative technologies will help to preserve the environment and restore biodiversity?
How can an effective transition be made to a green economy and to environmentally friendly technologies? What can be done to safeguard the quality of the environment in urbanized areas and to develop natural areas subject to special preservation? What technologies can be introduced to eliminate accumulated environmental damage and to provide for the civilized collection and processing of waste?
- Improving Quality of Life Healthcare in Russia’s Regions: Performance Today and Goals for 2025 Growing investment in the health of the population is a guarantee of increased labour productivity, economic development, and the preservation of r...
Growing investment in the health of the population is a guarantee of increased labour productivity, economic development, and the preservation of regional social stability. This is a shared challenge, involving the government, business, and citizens themselves. Today, some of Russia’s regions have been able to use the resources provided to achieve improved life expectancy for their populations, whilst others still lag seriously behind. An analysis of achievements and problems within healthcare will provide a basis for understanding how to improve Russian life expectancy from the present 72 to 76 years by 2025. It is clear that such an improvement will require considerable efforts on the part of federal and regional authorities, as well as additional investment and radically new approaches to healthcare. What is the secret of regional leaders in healthcare? What resources are needed to improve the health of the Russian population? What is the optimal balance between government investment in public health and investment on the part of business and citizens themselves? What is the role of the heads of regions and municipal entities in safeguarding the health of the population? What are the priority areas with respect to healthcare investment?
- Improving Quality of Life The Future of the Labour Market Changes under way in various sectors of the economy (the implementation of innovative projects, the creation of high-productivity jobs, etc.) deman...
Changes under way in various sectors of the economy (the implementation of innovative projects, the creation of high-productivity jobs, etc.) demand a highly professional workforce, whose labour will have the greatest possible effect on the pace and quality of economic growth, as well as new approaches to developing essential qualifications and labour mobility for implementing promising projects. What professions will be the most in demand in the near future? Once qualifications have been confirmed, what comes next? Will it be possible to get another job in another area?
- Improving Quality of Life Modern Housing: Accessible Mortgages and a Quality Urban Environment Russia plans to build 900 million square metres of housing by 2025. A construction project on this scale represents a unique opportunity to improve...
Russia plans to build 900 million square metres of housing by 2025. A construction project on this scale represents a unique opportunity to improve quality of life for almost 30 million Russians. The widespread practice of lowering the cost of housing construction as far as possible has already demonstrated its failings. Whilst it solves short-term problems faced by developers and some consumers, it creates new, long-term problems elsewhere: high operating costs (including those resulting from low-quality construction and building materials), cities which are less attractive to young people and highly qualified specialists, social decay, and, as a consequence, a deterioration in the local economy. At the same time, demand for new housing remains stable, and is kept high by accessible mortgages – in 2017, mortgage interest rates fell to 7%, a record low in Russian history.
The present state of the housing market represents a unique opportunity to create modern and comfortable living conditions as an investment in the development of future generations. In 2017, the Russian Government introduced the concept of ‘standard housing’ with the law ‘On Assisting the Development of Housing Construction’ and other legislation adopted at the national level. In the long term there are plans to approve requirements for standard housing which will define a minimum level of quality for apartments and the urban environment in Russia. These will be incorporated within the integrated regional development standards which are set to be confirmed in 2018. What should modern housing look like in the twenty-first century? How does quality of housing impact on quality of life in a city? What tools does the Government have for increasing access to housing? How can a balance be maintained between housing quality and cost? What structural changes must be effected in order to improve quality of life in Russian cities? How can integrated regional development standards be implemented in a way that ensures that they work? What tools do local authorities have for improving the quality of housing and the environment in cities?
- Improving Quality of Life The Silver Economy: Maturity in Business The over-50s offer significant but currently underappreciated potential for expanding entrepreneurial activity. According to data from Rosstat, ove...
The over-50s offer significant but currently underappreciated potential for expanding entrepreneurial activity. According to data from Rosstat, over-50s account for over 40% of the Russian population, and this figure is set to rise by 450,000–500,000 people a year. What should be done to encourage people over 45 to become entrepreneurs? How can real success stories boost growth in entrepreneurial activity? Which forms of interaction between the state, business and development institutions will be most effective in developing entrepreneurship in this section of the population?