Release: 2020-3 (34)
Keywords: standard of living, Russian population, decent standard of living, living wage, social justice
Annotation: The work examines the modern standard of living of the Russian population. In this regard, it is now vital to address the issues of raising the standard of living of citizens of the Russian Federation, to remove social tensions in society. The author analyzes the regulatory framework that defines the concept of “living standards” in the legal field, and also establishes equivalents close to this concept that can convey its essence and meaning. This paper analyzes the concept of “decent living standards” of the country’s population, gives a rating of the regions of Russia by income of the population, formulates a conclusion about the absence of any trends to the economic recovery, the growth of living standards of the Russian population. The article notes the directions of support and growth of living standards of the Russian population at the current stage according to the approved decree on national development goals of Russia until 2030.
DEVELOPMENT OF FOREIGN TRADE ACTIVITIES AND ENSURING ECONOMIC SECURITY OF THE RUSSIAN FEDERATION
Keywords: economic security, foreign trade, threats to economic security, exports, imports, globalization, digital economy
Annotation: The purpose of the article is to identify the main areas of improving economic security in the sphere of foreign trade activities of the Russian Federation. The article reveals the main strategic ways to promote international cooperation and highly effective provision of foreign economic activity. The main directions of improving economic security include: improving the competitiveness of the national economy; ensuring export security against external threats and risks; providing conditions for realization of national, production, industrial and foreign trade priorities of the country; the formation of a system of foreign trade security in the digital economy. A brief analysis of statistical data characterizing the foreign trade policy of the Russian Federation and its integration into the world economy was carried out. Political and economic trends in the development of foreign economic relations have been identified, which have both highly effective “growth points” and ineffective ones. In general, the problem of reducing Russian exports remains, since an increase in foreign trade turnover is not accompanied by a similar increase in revenue due to capital leakage. Current issues related to the impact of the pandemic on economic security and the reorientation of several exports to new markets are being considered. The article concludes that the establishment of business and trade activity of our state through the customs industry will help to defeat the coronacrisis and reach new frontiers of economic development.
ANALYSIS OF THE OPERATING SYSTEM OF SOCIAL PROTECTION IN YANAO
Keywords: social protection, social protection system, social support, targeted social support, benefits, allowances, informing the population
Annotation: The topic of social protection of the low-income strata of the population becomes most relevant in times of crisis. The purpose of this study is, based on the analysis of the social protection system and a survey of the population of the Yamalo-Nenets Autonomous Okrug (Yamalo-Nenets Autonomous Okrug), to identify the main problems in the provision of social support. The research methodology is based on a systematic approach that includes methods of analysis, synthesis, logic, polling and observation. Statistical methods of data processing are applied. The main results of the study are to present the current system of social protection of the population in the Yamal-Nenets Autonomous Okrug, to identify the needs of the population in social assistance and problems of the functioning of the system of social protection of the population. Among the main problems are highlighted: low level of funding, shortcomings in targeted support, problems in the organization and management of social protection in the Yamalo-Nenets Autonomous Okrug, low level of public awareness of social support measures. The identified problems can be considered when developing social protection programs in the YNAO.
FEATURES OF AUDIT OF SMALL BUSINESSES
Keywords: SMEs, small businesses, small businesses, audit, criteria for small businesses, regulatory legal acts
Annotation: Small businesses are an important category for the economy of a region or country. Even though not all these organizations meet the criteria for conducting a mandatory audit, conducting an initiative audit increases the degree of confidence in the reporting of these organizations. However, conducting an audit in organizations that are small businesses has certain features due to their use of simplified methods of accounting and reporting. At the same time, at the planning stage, the auditor should evaluate the right of the audited entity to use simplified accounting methods by performing audit procedures. The article presents the formats of working documents that can be used by the auditor when conducting an audit of small businesses at the stage of planning and performing substantive audits. The article elaborates in detail the regulatory and legal framework for determining the object of audit activity, examines and clarifies the main criteria that make it possible to classify an economic entity as a small business entity.
FISCAL ANTICRISIS MEASURES OF COUNTRIES DURING THE COVID-19 PANDEMIC
Keywords: fiscal policy, budget measures, tax measures, fiscal space, budget debt, credit guarantees, state financial support
Annotation: The coronavirus pandemic has become a new challenge for both the individual country and the global economy. The conditions of instability forced regulators to quickly take a package of response measures to mitigate the economic consequences. The purpose of this article is to provide a brief overview of countries ‘ fiscal measures during the development of the COVID-19 pandemic. Methods of comparative analysis, critical and systematic approach to the study of information are used. It is noted that the response of fiscal policy to the emerging crisis was prompt and went in tandem with monetary policy. Advanced economies have implemented more extensive fiscal measures than emerging markets. The features of this trend are revealed: developing countries have a narrower fiscal space compared to developed countries. In addition, they have tightened their funding conditions due to the pan-economic shock, which also constrains their fiscal measures.
ON THE MOVEMENT OF FOREIGN DIRECT INVESTMENT IN RUSSIA AND ABROAD
Keywords: investment, direct investment, capital investment, analysis, movement, capital, export, import
Annotation: The article deals with the problem of formation and analysis of foreign direct investment in the Russian Federation. The study of concepts and definitions: “foreign direct investment”, “classification of foreign direct investment” and “forms of ownership of investors”. The analysis of direct investment in the Russian Federation by institutional sectors of the economy is carried out. Considering these trends, it was found that the largest share in the structure of foreign direct investment was accounted for by debt financial instruments. The article defines the tasks related to the movement of foreign direct investment in Russia and abroad. Based on the assessment of current trends in the world economy and the review of mutual trade of the BRICS countries, the factors of increasing the inflow of foreign investment are identified. The article examines the current state of capital flows in foreign countries and analyzes the indicators of capital investment in countries with a significant drop in direct investment. This article is aimed at improving the quality of the country’s investment policy, considering possible trends in its further integration into the system of international economic relations.
DENMARK FINANCIAL SECTOR OVERVIEW
Keywords: Denmark, public debt, financial sector, inflation, productivity, production volumes
Annotation: This article examines the development of the Danish economy, which is clearly working well. Growth was at its fastest in a decade last year, and the output gap seemed to narrow for the first time since the global financial crisis. The labor market has strengthened, and opportunities are being constrained in the financial sectors. Wage growth is consistent with productivity while inflation remains subdued. The financial situation continues to improve, and the public debt remains stable. This article contains figures and tables for several years. Key financial vulnerabilities include high levels of household debt amid high property valuations after a long period of weak financial conditions. There were also signs of risk in some sectors, such as commercial real estate, Taxation in Denmark is based on tax obligations under domestic law as an ordinary tax resident or non-resident. Denmark’s financial protection system and crisis management system, including Bank rehabilitation, have improved significantly.
ANALYSIS OF THE PRACTICE OF SETTING RECYCLING STANDARDS IN THE EXTENDED PRODUCER RESPONSIBILITY SYSTEM OF THE RUSSIAN FEDERATION
Keywords: recycling standard, consumer waste, extended producer responsibility, environmental collection, recycling, closed-loop economy, polluter pays
Annotation: This article describes the problems of economic incentives for recycling consumer waste in order to reduce the share of waste generation and disposal. Extended producer responsibility is considered as the most effective mechanism for economic incentives to solve the environmental problem of waste accumulation in the environment, proven by world practice. The study analyzed the dynamics of the government of the Russian Federation setting recycling standards in the environmental collection system as part of the extended responsibility of the manufacturer from 2015 to 2020. Changes to the regulatory framework governing waste disposal are being worked out in detail. We describe the nature of utilization norms, environmental fee and extended producer responsibility, reflects the shortcomings of the system, recommendations for improving the system of extended producer responsibility in the Russian Federation in the part establishing standards utilization at 100 %. Indicators of standards for waste disposal from the use of goods in 2015–2020, grouped by type of materials, are given.
MODERN TRENDS IN THE IMPLEMENTATION OF INTERNAL CONTROL AND CONTROL SYSTEMS AT RUSSIAN ENTERPRISES
Keywords: controlling tasks, controlling functions, controlling problems, controlling system, controlling mechanism, controlling algorithm, internal control, control system
Annotation: The article examines the problems and issues of the development and formation of internal control and controlling systems at industrial enterprises. On the example of one of the large industrial enterprises, the main stages of the development and implementation of a controlling system, the procedures and methods used in this, are considered. Attention is drawn to the basic elements of such a system and their formation, considering the sectoral specifics of an industrial enterprise. The main elements of the formation of the concept of the enterprise controlling system, as well as the components of the controlling mechanism are revealed. It identifies typical problems faced by industrial managers in the development and implementation of such control systems. An algorithm for introducing controlling at enterprises is investigated. A number of generalizing conclusions and conclusions are made on the features of the modern stage of development and implementation of controlling systems. On the example of a specific enterprise, the range of actual tasks is determined and the priority functions of developing a mechanism for organizing a controlling system are specified.
PERFORMANCE ASSESSMENT: TRADITIONAL AND STRATEGIC APPROACH
Keywords: efficiency, generalized indicators, differentiated indicators, balanced scorecard, performance management
Annotation: This article examines a systematic approach to assessing the effectiveness of an organization’s economic activities: the evaluation criteria are structured, the main performance indicators are given, two approaches are developed: traditional and strategic, the concept of performance management is considered. On the example of a large telecommunications company, Unitary Enterprise for the provision of services “A1” in the Republic of Belarus, the system for assessing the company’s effectiveness, taking into account the time factor, was analyzed and structured, the performance management of the company was improved in the form of a balanced scorecard based on the developed scheme of cause-effect relationships of strategic goals. Based on the current corporate goals of the company and the developed scheme of their causal relationships, the balanced scorecard was improved, and the results of their implementation were assessed using the example of the “A1” Unitary Enterprise. The developed scheme of causal relationships of strategic goals of the Unitary Enterprise for the provision of services “A1” made it possible to create an extended projection “Clients”, aimed at achieving short-term goals of the enterprise, to retain customers and find ways to effectively interact with them.
METHODS OF ANALYSIS AND RISK ASSESSMENT OF SMALL AND MEDIUM ENTERPRISES
Keywords: risk analysis, risk minimization, business process analysis, risk assessment, riskology, risk management, SWOT analysis
Annotation: Enterprise risk management is one of the most urgent tasks on which successful functioning of a business entity depends. It is worth paying special attention to the use of various methods and techniques of risk assessment in order to prevent adverse events. It is important for any enterprise to evaluate and analyze risks before they appear. The article will analyze the after-effect of actions during the analysis and risk assessment. The nature of risk and the degree of its impact on business processes is independent of the will of the person and is not always regulated by him, but there is a possibility to choose the most effective methods and techniques to optimize management decisions, as well as to minimize the risks of business processes. The economic entity must make the right decisions to create the necessary control environment, as well as informing the staff and implementing procedures to minimize risk. These factors are key to improve the internal control system and minimize the risk of business processes. The article discusses the possibility of using non-standard methods for business process risk analysis, such as SWOT analysis, and identifies the strengths and weaknesses of this method in risk management.
PROBLEMS OF TOUR OPERATOR AND TRAVEL AGENCY ACTIVITIES IN THE RUSSIAN FEDERATION IN MODERN CONDITIONS
Keywords: tourism, tourism industry, globalization, number of outbound tourist trips, the number of inbound tourist trips, tour operator and travel agent
Annotation: The purpose of the scientific article is to characterize the dynamics of tourist activity in the Russian Federation, to identify the main difficulties and problems in the work of tour operators and travel agents. The paper analyzes the dynamics of the performance indicators of tourist operators and based on it, highlights the main problems. The role of the tourism industry in the economy of a particular country and the world was also assessed, its relevance in the context of the globalization of the modern world was emphasized. When analyzing the dynamics, methods of calculating the rates of growth and growth are used, which make it possible to assess the change in indicators over time. It is concluded that crises in the economy and foreign policy strongly affect the state of tourism in the country, the level of income it brings. Particular attention is paid to the consequences of force majeure, such as a pandemic, the occurrence of which is almost impossible to predict. The article analyzes statistical data on the dynamics of the number of inbound and outbound tourist trips. The main directions of improving the performance indicators of enterprises of the tourism industry in Russia are highlighted.