Vol 27, No 2 (2019)

The aim of this research is the Indian industrial policy in 1950-2010s, its main direction and perspectives of its future evolution. The methodological basis of the study is such methods as induction and deduction, analysis and synthesis. The systematic approach to the overall study of the Indian economy and the Indian industrial policy in particular has become the base of this research. The author thoroughly analyses its main specific features during the pre-reform period, as well as identifies the causes and the nature of its transformation at the beginning of the 1990s. At the same time the author underlines that taking into account the national-specific features of a mixed society, the industrial policy of the prereform stage facilitated the successful holding of industrialization during which the industrial sector has become the fastest growing sector of the Indian economy. The author underlines the main directions of the New Industrial Policy, 1991 , among which the most important ones are the following: abolition industrial licensing, the reduction of the public sector in the national economy, amendment of Monopolies and Restrictive Trade Practices Act, 1969 , attraction of foreign direct investment and advanced technologies, liberalization of industrial policy at the local level and the replacement the Foreign Exchange Regulation Act, 1973 , by the Foreign Exchange Management, 1999 . Apart from that the author examines the most representative theories of the Indian economists (R. Agraval and C. Rangarajan) which made a significant contribution to working out the industrial policy in 1990s. The author also draws attention to the main elements of a future ready industrial policy discussed in India at the present time. The author stresses that for all its diversity at different stages of socio-economic development the Indian industrial policy always based on both the economic and social components (the New Industrial Policy, 1991 , also added the ecological component). It means that accelerating the annual economic growth rate, the Indian industrial policy has contributing to solving a wide range of social tasks - from the creation of new jobs to poverty and undernourishment alleviation. The article also presents statistical data on the dynamics of gross domestic savings and gross domestic capital formation in the Indian economy, annual average economic growth rates in India from 1990-1991 to 2016-2017 financial year as well as the Indian GDP by industry of origin in 2000-2017.

The article contains a methodology of identification of the dynamic Ramsey model for the Polish economy. It includes two different scenarios of the development of the Polish economy for five years (2017-2022) and the comparison of the forecasts made on their basis. The first scenario is built using the model parameters estimated basing on the data for the period 1991-2016. The second scenario considers a more recent period (2010-2016), which is picked according to a hypothesis that the statistical data of this period describing the labor force dynamics shows its trend more representatively. The method of model identification is based on evaluating the proximity between the calculated and statistical time series of macroeconomic indicators (output, consumption, investment, export, import). The GDP and investments volumes are predicted for the five years’ period and the visualization of the forecasted trend is made for the both identified models.

The article analyzes the state of the world fish market, problems and prospects for its development in the context of current trends in the world economy. The authors emphasize the importance of the space allocated to the world fish market in solving global problems of our time, such as fighting hunger, ensuring food security, sustainable development, etc. The article presents the current state of world fishing and fish farming, the main producers and exporters, Russia’s place in this market. Reflected issues related to the role of developing countries in this sector of the economy. Conclusions are drawn about the problems and prospects of the world fish market from the point of view of the sustainable development of the world community and the growth of consumption of this food product by the population of the planet.

This article is devoted to the organization of agricultural production of feed. Studied basic views on the definition of “fodder” and “fodder base”, and their relationship to agriculture. On the basis of the system approach the main factors influencing efficiency of system of agricultural production of forages for cattle are revealed. The criteria for increasing the efficiency of feed production in the process of structuring the formation of the forage base are substantiated. The analysis shows how the agricultural sector is not a closed system. The level of economic development of feed production and the formation of the feed base is determined not only by internal but also external factors, the organization of the correct interaction of which acts as a starting point for accelerating scientific and technological progress in the industry and increasing the level of development of agriculture.

Increased productivity is one of the least studied and challenging aspects of hotel and restaurant business management. The requirement to ensure productivity growth in order to survive and sustain business, including in Syria’s resurgent hospitality industry, is becoming increasingly important for managers. The active work of hotel managers in motivating and controlling staff in hotels should be a relevant and popular element in the development of a modern entrepreneurial culture, and better service. This article discusses what service productivity means, especially in the hospitality industry. This is confirmed by a study of the degree of compliance of the respondent hotels, which have become the object of the study, and labor productivity indicators in order to find a suitable standard of measurement and management system for the hotel industry in Syria. The article also provides an overview of the latest trends in the hotel business of Syria and a detailed analysis of the current tourism situation in Syria, including the study of the productive capacity of the labor force in the field of tourism and hotel in Syria on the basis of age, gender and educational level of workers in this field. This study has an important impact in determining how to increase production capacity in the sector of tourism and hotel in Syria.

The article presents overview of environmental and climatic, economic and migration situations in the countries of Oceania. In order to determine the relation of environmental and climatic changes and migration processes in the island states and territories of Oceania, New Zealand and Australia, analytical reports and censuses of the population of the states, estimates and statistics of international organizations are studied. The article analyses the state policy of island states and territories in the field of sustainable development and migration, as well as immigration policies of the main host countries such as Australia, New Zealand and the USA. It was found that internal and external migration in Oceania is mainly driven by socio-economic factors (problems with employment, education and medical services), while internal migration is usually directed to urban area, and external - from the city to foreign countries. Exploring the peculiarities of climate change and natural phenomena and their impact on the livelihoods of people in the region of Oceania, we can conclude that natural and climatic influences directly and indirectly affect different spheres of life of the local population. Nevertheless, the impact of climate change and natural phenomena on the migration of the population of Oceania at the moment is insignificant (no more than 10-12% of international flows), however, in the case of an increase in the intensity and frequency of na- tural disasters, and also due to an increase in the number and density of population (71 million people will live in the region to 2100) an increase in the flow of environmental migrants is inevitable.

In the context of the sanctions regime, the development of the national economy of Russia should be viewed from the angle of national economic security. The modern sanctions regime has begun and is still based on financial restrictions and prohibitions, which affects the need for a specific monetary policy of the country. In this regard, an important aspect of achieving the goals of national economic security are financial factors. As a methodological approach, the paper uses a descriptive approach to assess the relationship between the impact of the different channels of the transmission mechanism (welfare channel, exchange rate pass-through) and economic variables such as consumer demand. The contribution to the consumer price index of each of the three components is estimated: index of food products, index of non-food products and index of paid services. The significance of the contribution of the index of food products is revealed, which is confirmed by the results of regression analysis of the dependence of consumer prices on the exchange rate. The paper proposes a combination of inflation targeting and industrial production targeting to achieve a more significant effect of monetary policy implementation in the conditions of the sanctions regime and for the purposes of national economic security. Also, taking into account the significant contribution of changes in the exchange rate to the consumer price index, it is proposed to pay more attention to the impact of the Bank of Russia on the exchange rate.

This study aims to measure the effectiveness of Russia’s Turn to the East Policy, addressed by the federal government in 2012, on the economic development of the underdeveloped Far Eastern regions, in terms of foreign direct investment (FDI) inflows data. To do so, this paper analyzed the results of the representative policy mechanisms - designed to promote the Far Eastern investments - of the Turn to the East Policy, comprised of the Eastern Economic Forum (EEC), Advanced Special Economic Zones (ASEZs), and Vladivostok Free Ports (VFPs), based on the secondary data from the governmental organizations. From the study, in spite of the previous contentions on those policy mechanisms amongst policymakers, we elucidate the incremental growing FDI - majorly contributed by the East Asian countries: China, Japan, and South Korea - propensity in the Far East. The three Eastern Asian countries promote investments in the Russian Far East for different eco-political purposes. And it further analyzed that for Russia, despite the remarkable magnitude of Chinese and Japanese FDI compared to South Korea, South Korea is still the most attractive partner, in terms of lack of threats: The Chinese expansionism, and the Kuril Island dispute with Japan.

In modern conditions of development of integration processes in the world economy, special importance is attached to the transport sector. The formation of a single transport space (STS) in the regions creates additional opportunities for the economic development of the integrating countries. At the same time, the literature does not pay enough attention to the definition of the essence of the single transport space and the classification of integration associations according to the degree of its development. Therefore, there is a need to develop such a classification. The article substantiates the expediency of classification of integration associations according to the degree of development of a single transport space. The author's formal-logical classification is developed, which is based on three basic types of a single transport space: transport and logistics type provide a positive multiplier of integrated economic growth for all participating countries; innovative-logistic and customs-logistic types cause polarization in the action of the multiplier of integrated economic growth (in particular, both positive and negative growth rates of GDP values of the participating countries are possible); industrial and logistics type provide a zero multiplier of integrated economic growth for all participating countries. The conclusion is made about the possibility of unification and harmonization of transport space in the practice of integration associations on the basis of the developed classification.