Vol 10, No 1 (2023)
Articles
The high-tech nature of the insurance industry in the context of financial security
Abstract
Modern conditions of insurance activity are associated with a large number of risks and threats. This fact determines the need for the formation of protection, which in turn is based on the need to introduce financial mechanisms to ensure financial security, focused on the sustainable development of the market for the provision of insurance services. The article examines the impact of the digitalization process of the insurance industry on financial security. The paper analyzes the views of economists on issues related to financial security in insurance, highlights the main directions of digitalization of the insurance market as the main trend of increasing the level of financial security. When writing the article, the system and comparative methods, the case method were used. Examples of cases of the leading insurance companies of the Russian market are given. A quantitative assessment of the level of digital maturity in insurance is given. Conclusions are drawn about the impact of the digital insured indicator on financial security in insurance.
Innovative information and consulting services for small and medium-sized businesses in agriculture in Russia
Abstract
The article considers outsourcing of accounting services among small and medium-sized agricultural enterprises as an opportunity to make their business more profitable by reducing operating costs. Globalization, the ability to maintain the quality of services at an innovative level affects the growth of the financial stability of the enterprise and its potential for further development. Innovation, striving for quality, raising cultural values, caring for the environment, allow you to choose functional benefits that are successful. Small and medium-sized businesses as an economic entity play an important role in the socio-economic development of the country: they are the driving force of economic growth and prosperity through innovation and the effective use of factors and means of production.
Dynamics of imports of clothing products to the Russian market before and after the start of the import substitution exchange rate
Abstract
In 2022, an unprecedented number of foreign manufacturers left the Russian clothing industry market, which can be considered as a significant opportunity to implement an import substitution policy in the industry. The article examines the degree of study of the problem of import substitution in the domestic clothing industry and analyzes the dynamics of the volume of imported goods of the category “clothing” and their share in the total volume of imports from the beginning of the course for import substitution until 2021 compared to the previous period. As a result of the study, the current state, role and prospects of the industry are determined, and conclusions are drawn about the interim results of the import substitution policy in the industry and the need to revise the existing approach to its implementation.
Research on Russia's import substitution strategy under Western sanctions
Abstract
Since the events in Crimea in 2014, the United States and the West have imposed sanctions on Russia's industry, energy, and other key sectors. Russia has used import substitution policy as a measure to drive economic recovery, and the import substitution policy has achieved some success in agriculture, food, consumer goods, and some financial sectors. after Russia conducted special military operations in 2022, Russia adjusted its system, accelerated the revision of industrial planning, improved measures for import substitution, and advanced the implementation of import substitution strategy in replacement. This paper reviews the background of the beginning of import substitution in Russia, discusses Russia's experience and practices in implementing import substitution, analyzes the effects achieved since the implementation of import substitution, and summarizes the main features of import substitution.
Analysis of the strategy for the development of the automotive industry of the Russian Federation for the period up to 2025 and instruments of state regulation of the Russian automotive industry, taking into account the experience of foreign countries
Abstract
The article analyzes the main problems in the development of the modern automotive industry. Special attention is paid to new challenges for the domestic automotive industry associated with the reaction of unfriendly countries to their own. The study presents the directions of state management of the economy, reveals the main directions of the Strategy for the development of the automotive industry of the Russian Federation for the period up to 2025. The purpose of the work is to determine the optimal set of tools for state regulation of the Russian automotive industry. To realize the purpose of the study, the following tasks were set: to analyze the current situation in the Russian automotive industry, to identify the main contradictions of its development, to consider possible tactics of the state's economic policy to overcome the crisis. Among the priorities are measures for preferential taxation of the automotive industry, direct financial support from the state, nationalization of the capacities of Western manufacturers who have left our country. Attention is drawn to the fact that state measures to support a number of sectors of the economy are a forced measure.
Import substitution in the Russian construction industry under Western sanctions: problems and solutions
Abstract
The introduction, first in 2014–2015, and then in 2022, of US, Canada, EU and other countries’ sanctions against the Russian economy affected the construction industry as well. In response to the imposition of sanctions, starting from 2015-2016, Russia is implementing a set of measures to replace imports and establish its own production of key commodity items in the construction industry. However, at the present stage, the share of imports of building materials, raw materials, equipment, machines and mechanisms, and software from «unfriendly countries» in the Russian construction industry in many product categories remains high. Even though full import substitution (100%) was achieved in the import substitution of the main types of raw materials for building materials, and it was also successful in replacing imports of building materials (reducing the share of imports in mass construction to 4%), in the import substitution of equipment and software progress is lower, and the share of imports in these segments is more than 50%, moreover, most of the imports are from unfriendly countries. The purpose of this article is, firstly, to identify the main problems that impede import substitution in the Russian construction industry for the above key types of products, and, secondly, to identify the ways to solve these problems.