Globalization requires all countries to be more open and proves the effectiveness of including countries in the world system in the form of various integration associations. By now, such associations have been up and running in all regions of the world inducing South-East Asia, where the Association of South-East Asian Nations (ASEAN) has been functioning for a long time. In this time, however, ASEAN has failed to achieve considerable integration cooperation, yet its role in the region has become more significant due to a number of regional financial initiatives launched by the Association. ASEAN’s short-term plans include the establishment of an ASEAN Community, which requires a high degree of convergence of foreign exchange policies. Aim. This study aims to identify the main problems of building a regional financial mechanism in the monetary relations of the ASEAN countries. Tasks. This study determines stages in the development of the financial globalization process; substantiates the mechanism of regional monetary integration as a means of countering financial instability; and assesses the current degree of convergence of foreign exchange policies of the ASEAN countries. Materials. This study uses annual reports of the International Monetary Fund on exchange rate regimes, which serve as the statistical basis of the study. Results. The current state of foreign exchange policies of the ASEAN countries is analyzed. Premises and reasons for the achievement of foreign exchange policies of the ASEAN countries are examined. The current degree of convergence of foreign exchange policies of the ASEAN countries is assessed. Models of the foreign exchange regulation that is applied in the ASEAN countries today are described. The major conclusion is that there are significant obstacles to the countries’ adaptation to financial transparency, which makes the process of convergence of foreign exchange policies difficult to achieve at the current stage of development.

This study examines the role of human capital in the development of the Eurasian integration processes. Aim. This study aims to determine and demonstrate that the development of human capital is the most vital process and the most effective way of enhancing the competitiveness of economic and social systems and integrating them both within the Eurasian Economic Union (EEU) and worldwide. Tasks. This study determines general problems that the EEU member countries face in the field of education and science as far as human potential development is concerned, and outline possible solutions to these problems as part of integrational cooperation. Methods. This study uses general research methods, analytical articles, official statistic data and results. Results. The identification of general methods of interaction to synchronize education programs and solve common problems of higher education in the EEU integration project must be performed with due consideration of national peculiarities and development strategies. It becomes necessary to construct a system of relations between heads of universities both in the integrated space and worldwide. It is also crucial to engage economically active population of the integrated space member countries (manufacturers, consumers, and other interested parties) in associations. Conclusions. Under modern economic conditions, where innovations and their agent - human capital - become a key element of development, uniting experts in the fields of the social organism (science and education, economics and finance, regulatory agencies) into Associations as part of the Eurasian integration may contribute to the development of all partner countries.

The Federal Law “On Strategic Planning in the Russian Federation” gives additional momentum to the objectives set by the Concept of Sustainable Development of Rural Areas in the Russian Federation Until 2020. Aim. This study aims to substantiate basic approaches to determine priority directions of spatial development of rural areas of the Russian Federation. Tasks. This study determines specific features, potentials for development, and major functions of rural areas; identifies key problems and objectives of rural areas at a federal, regional, and local levels; recognizes typological situations that require the formulization of priority directions of development, diversification of the rural economy, and optimization of rural settlement structures. Methods. This study uses conventional methods of scientific research and urban development: complex analysis and evaluation of the territory, rural zoning, determination of priority directions of development. Results. Russian rural areas have enough territorial, natural, demographic, and human potential for rural development and improvement of the population’s quality of life. The Concept determines key problems and ways of taking rural areas to a whole new level of development at a federal, regional, and local levels. The combination of natural and socioeconomic conditions and factors creates typological situations, which the authors propose following the analysis and evaluation of the territory. Cartographic zoning of the entire territory of the Russian Federation is performed. Conclusions. Basic approaches to determining priority directions of spatial development of rural areas are formulated.

This study examines the five-year experience of adopting a policy of transition to renewable energy sources. Aim. This study aims to systematize international experience of applying expansionary and regulatory actions of the policy and practice of transition to renewable energy sources. Tasks. This study conducts a cluster analysis of the application of expansionary and regulatory actions aimed at replacing conventional energy sources with due consideration to the geographic proximity of different regions. Methods. The cluster analysis is conducted using the hierarchical and iterative method of k-averages. Results. In order to enhance our country’s competitiveness, the authors propose methods for the transition to renewable energy sources in different regions of the Russian Federation. Conclusions. The conducted analysis determines the specificity of selection of expansionary and regulatory actions by given clusters in order to replace conventional energy sources. It also suggests the idea of creating four specific economic zones in Russia.

Aim. This study aims to assess the possibility of coordinating concepts of inclusive (comprehensive) sustainable growth and new industrialization as part of substantiation of a model for the country’s socio-economic development that would meet current requirements. Tasks. This study determines characteristic features of a model for inclusive sustainable growth, identifying areas of its potential convergence with a new industrialization model; analyzes the system of inclusive sustainable growth indicators with the focus on the evolution of the approaches proposed by experts; and assesses institutional conditions required for the specified models in the context of implementation of an array of federal laws and supporting regulatory documents. Methods. This study uses modern methods of applied science based on recommendations of the institutional and development theory and the resource concept of competitiveness. Special attention is paid to the concept of sustainable development in its modern interpretation, global risk management, and application of innovative approaches to the solution of environmental problems. Results. Detailed characteristics of a strategy for inclusive sustainable development and its indicators is provided and can be applied to Russia as well. It is shown that the synergetic effect resulting from the coordination of inclusive sustainable development strategies and new industrialization is determined by simultaneous implementation of economic and socio-environmental objectives based on technological and structural economic modernization and application of innovations. Institutional framework conditions determined by the array of federal laws adopted in 2014-2015 are analyzed in terms of achieving the desired effect. Russian practices of the development and implementation of the Strategy for Smart Inclusive Sustainable Growth are compared to those of the EU. A number of obstacles to the application of innovative approaches to the solution of environmental problems are identified, and ways of overcoming them are provided. Conclusions. The country faces the challenge of transition from individual measures to a complex strategy for socially- and economically-sustainable inclusive growth with the corresponding amendments to the country’s strategies for energy and innovations. Solving the problem of new industrialization on an innovative basis, a modern model for growth should also respond to new global challenges such as climate change, be environmentally-oriented, diminish social stratification, and increase the overall social well-being and consequently, political stability.

This research is aimed at discovering new ways to increase the effectiveness of domestic enterprise development and competitiveness. Aim. To propose and substantiate a business model for effective development and competitive growth in domestic enterprises. Tasks. (1) To substantiate the importance of effective management in domestic enterprises considering the context of natural scarcity, gradual loosening of production control by administrative methods, and production intensification. (2) To determine and expand on the contents of major structural components of the model for the effective development and competitive growth of domestic enterprises. (3) To discern the structural components of the model in detail and substantiate the role that each component plays in increasing the effectiveness of domestic enterprise development. Methods. The research uses a complex methodology based on the system’s application. Structural and process approaches are used as methods of scientific cognition to increase the effectiveness of domestic enterprise development. Comparative analysis and synthesis were the methods used while working with source material and databases. Results. The article proposes a business model for effective domestic enterprise development for competitive growth. The structural components of the model are primarily based on the conventional components of management, such as tools and measures of operational and strategic management, functional approaches to management (innovative, production, staff, and financial management). However, the author believes that it is viable for enterprises to situate their long-term focus on the three basic elements (R&D work, effective management, and effective production, which are unorthodox for most Russian companies) while maintaining the importance of the fundamental strategic basis-the people-in order to increase effectiveness and competitiveness. Conclusions. An enterprise must continuously develop to remain effective and competitive in modern conditions. Development must be based on the three conventional components of management and production supplemented by new forms, technologies, and tools. Production activity must be altered in a way that allows it to meet individual requirements and motivates the staff to achieve the highest possible results while regulating exchange relationships and extensively using the latest scientific and technological developments.

Economic justification for the environmental audit of specially protected regional natural territories is one of the vital issues for the strategic development of regions. Each region has its own specific features, which can be either factors of current or predictive economic development or factors that negatively impact the development process and limit the progress of the region. Thus, assessing the eco-economic status of regions is extremely essential, considering the limitations posed by a specific mode of natural resource management in specially protected regional natural territories. Aim. This study aims to substantiate the necessity of the environmental audit of specially protected regional natural territories. Methods. Multivariate comparison (eco-economic state rankings of the Siberian Federal District regions) was used to determine the most prosperous territorial entity of the Russian Federation in the Siberian Federal District. This method is appropriate because source data can be presented in the form of absolute and relative indicators that characterize the results of economic activity. Results. It was concluded that the existence and effective functioning of specially protected natural territories influence the environmental quality of economic development not only within a region but also across the country’s entire economic system.

This study is aimed to determine the correlation between human resource management and the competitiveness of a service company. Aim. This study aims to examine the impact of human resource management on the achievement of sustainable competitive advantages at service companies. Tasks. This study examines the main features of the service industry as an object of management, determines the specifics of competitiveness management at service companies, and identifies major sources of sustainable competitive advantages based on the effective use of human resources by means of human resource management. Results. This study substantiates the key role of human resources in the formation of the competitiveness of a service company. Service competitiveness criteria are determined. Guidelines for managers on the effective use of human resources in the process of enhancing competitiveness of a service company are provided based on the application of various methods of human resource management. Conclusions. Nowadays, service companies have to operate in a highly competitive market. Human resources are one of the main sources of competitive advantages in the industry. Using modern technologies of human resource management, a service company should be able to prevail in the competitive struggle in the strategic perspective.

Nowadays, as most consumers of tourism services use Internet to search, book, and pay for tourist products, digital marketing dynamically changes the way companies in the travel industry operate. Aim. This study aims to substantiate the necessity for travel agencies to use modern electronic technologies, develop new digital strategies, and implement them in the everyday practice. These strategies should be aimed at satisfying the needs of the customers online using the company’s own resources. Tasks. This study compares major digital marketing tools in Russia and abroad; substantiates the necessity of applying new digital marketing tools to ensure successful development, promotion, enhancement of competitiveness, lower costs, and higher financial performance of a travel agency. Results. The authors propose their own classification of the most effective digital marketing tools for the companies in both Russian and foreign travel industries. Strengths and shortcomings of digital marketing tools are thoroughly analyzed. The most efficient tools are identified, those that enhance the effectiveness of travel agencies’ operation to the fullest extent. Such tools include search engine marketing, online marketing campaigns, e-mail, online partnerships, social media marketing, and viral marketing. Considering that consumers of tourism services are clearly migrating to the Internet environment, travel agencies that ignore the aforementioned strategies are likely to go out of business in the medium term. On the contrary, implementing the advanced digital marketing technologies examined in this article will allow travel agencies to strengthen their positions and expand their business, entering new client segments in a broader marketing field in both domestic and global markets, thus increasing the effectiveness and enhancing the competitiveness of the business.

This study examines the application of projective methods in human resource management. Aim. This study aims to summarize and systematize the experience of applying projective methods in Russian human resource management practices. Tasks. This study specifies the concepts of projective methodology, projective methods, and projective practices and determines their correlation; adds to the typology of projective methods; summarizes the results of applying projective practices in a system of human resource management; determines the place and role of art therapy in the structure of projective methods and psychological follow-up of professional activity. Methods. This study uses projective methods based on the concepts of character research in psychoanalysis, holistic psychology, and the New Look experimental research. Results. Russian experience of applying projective methods in human resource management is summarized. The authors propose their own systematization of possible applications of projective practices in human research management according to the following scheme: Type of projective method/Example of projective practice/Area of human research management/Scope of examination/ Brief description of the practice. Conclusions. The analysis of the Russian experience of applying projective methods in human resource management shows that: - projective methods are applied in almost every area of work; - projective methods have high diagnostic and therapeutic potential and serve as a means of psychological follow-up of human resource management; - the existing conventional projective methods appear insufficient, which sets the task of modifying the existing projective practices in human resource management and developing new ones; - the development of projective art therapy, an innovative technique in human resource management, is a relevant objective.

There are numerous definitions and interpretations of the strategic management process. Most of them amount to a cycle of actions aimed at developing a strategy or a complex of strategies to solve the existing problems and achieve the intended goals. However, in the modern economic environment, the requirements that a successful company must meet are transformed. Thus, a strategy is not always enough to ensure company competitiveness. This study examines a system of key factors of strategic management, paying particular attention to the understanding of the strategic management process based on the reevaluation of a company’s resource capabilities. Aim. This study aims to develop a strategic management process aimed at sustainable reformation of an organization based on the use of specific resource capabilities of the company. Results. Basic features of the external environment common for profit-oriented businesses under modern conditions are specified. Updated contents of the sequence of application of key factors of strategic management are presented. A radial form of the strategic management process is developed based on the key factors of strategic management, and a detailed description of such representation is provided.

This study examines over 30 years of experience in the implementation of the concept of sustainable development and current state of the Russian economy in the context of threats. Aim. This study aims to systematize current and future threats and develop principles of controlled sustainable development. Tasks. This study examines literature on sustainable development; determines the essence of the concept of controlled sustainable development; specifies and systematizes current and future threats of controlled sustainable development; develops principles of controlled sustainable development. Methods. This study uses general methods of scientific cognition to examine the concept of sustainable development in various aspects and determines trends in its implementation in Russia in the context of current and future threats. Results. Renowned economists and politics continuously study various aspects of sustainable development. Controlled sustainable development is not only a systematic unity of economic, social, and environmental activity, it is also a permanent correlation between development and economic security. The current and future threats of controlled sustainable development in Russia are changing demographic situation, global geopolitical and economic changes, Russia becoming a mere supplier of raw materials, etc. The basic principles of sustainable development are prediction (precaution), dynamic equilibrium, equity, environmental protection, synergy (integral thinking), local measures for global results, and morality. Conclusions. The problem of sustainable development in the world as a whole and in Russia in particular is crucial in the context of current and future threats. This subject is important for further theoretical development of the assessment of performance and effectiveness of controlled sustainable development of the Russian economy.

This study determines the distinctive features of social space transformation in the interrelated segments of education and labor. Aim. This study aims to determine the main features of social space transformation in the segment of education and examine the impact of changes in the education segment of social space on the formation and implementation of labor potential in the context of our country’s transition to innovative development. Tasks. Out of the whole variety of social, economic, regional, institutional, environmental, and other areas of social space transformation, this study determines the impact of transformation processes on the field of labor and reproduction of labor potential, which includes transformations in the education segment. Methods. This study uses general methods of scientific cognition to determine the specific character of changes in the fields of labor and education in the context of our country’s transition to innovative development. Results. The key role that institutional transformations in the education system play in the development of labor potential is determined through examination of the transformation of the labor segment of the social space. Institutional transformations ensure the maintenance of qualitative and quantitative characteristics of labor potential. Historically persistent and newly-established (transplanted) institutions are identified. Dysfunctions of institutions newly implemented in the education space are shown. Training of innovative managers for the new type of economy is thoroughly examined. Conclusions. It is found that transformation is a twofold process: on the one hand, it is a factor of economic development, while on the other hand it is a result of such development. Certain features of the correlation between changes are identified. It is demonstrated that posing the question of the development of the education segment of the social space (as an irreversible process aimed at changing the material and spiritual components of the “education space” in order to improve them) appears premature.

Aim. This study aims to determine theoretical and methodological aspects of the development of a national system of higher education as a key element in the establishment of national security. Tasks. This study conducts a system analysis of the development of higher education system in the context of the financial and economic crisis and provides theoretical basis for the management of this development with due consideration of national security priorities. Results. Theoretical issues of economic security of higher education as part of the national security system are examined. Problems and trends in the development of the higher education system in modern conditions are determined. The key role of the higher education system in the national security system is substantiated. The authors propose their own approach to the definition of such notions as educational security, economic security of higher education, and national interests in higher education.

This study analyzes various approaches to endogeneity within the confines of the modern post-Keynesian line of economic thought and examines the impact of money stock endogenization on the problem of inflation and anti-inflation policy in the present-day Russia. Aim. This study aims to determine the mechanisms of impact of money stock endogenization on inflation in the present-day Russia. Tasks. This study specifies the definition of endogenenity and features of money endogenization in the modern economic theory; determines the current level of money stock endogenization in the Russian Federation; and analyses the mechanisms of impact of money stock endogenization on inflation in the present-day Russia. Methods. This study uses the causal method, methods of formal logic, comparative analysis, structure-function analysis, empirical studies, correlation-regression analysis, normative and positive analysis, and system approach. In order to analyze the overall performance of the Russian banking sector, this study uses the methodology of industrial economics. Results. Analysis shows a high level of money endogeneity in Russia, which leads to inflation amid the overall ineffectiveness of the Russian banking system. In addition to the lack of meaningful correlation between the dynamics of money stock and inflation in Russia, which is proved by both empirical and theoretical research, there are obviously other significant factors that have substantial impact on the formation of the endogeneous and structural components of inflation in the Russian Federation. Conclusions. The Central Bank of the Russian Federation maintains its influence on inflation through its inability to provide conditions for the effective functioning of the Russian financial system, thus forming the endogeneous and structural components of inflation in a lot of ways and undermining the mechanisms of savings flow into investment through the practically applied methods of the monetary policy. Achieving equidistance of banks from the Central Bank of the Russian Federation and enhancing competitiveness in the banking sector are the two fundamental ways to diminish the impact of the high level of endogeneity.

This study examines tax incentives for innovative activity aimed at diversifying tax receipts in the current context. Aim. This study proposes basic directions for the development of tax incentives in the innovation sector. Tasks. This study defines tax incentives, examines the nature of tax incentives for innovative activity, and determines distinctive features of Russian tax incentives by comparing tax expenses with increasing tax receipts. Methods. This study uses general methods of scientific cognition to examine the Russian tax incentive policy and determine its primary goal: increasing future tax receipts by expanding the tax base through the development and support of companies, industries, territories, etc. Results. It is important to discount tax receipts and expenses (reducing future tax receipts to current tax expenses and finding the equivalent of current tax expenses to future tax receipts) when assessing the effectiveness of tax incentives. Tax incentives must be differentiated, depending on the qualitative characteristics of regional economies (developed, depressed, sector-specific, etc.). There is an obvious need for tax measures to discourage companies and organizations that are not involved in innovative activities. Conclusions. The enhancement of the effectiveness of tax incentives for innovative activity must be aimed at sectors that have the potential to quickly adapt to advanced technologies with high value-added products (goods or services) and high revenues.

In this study carried out to develop recommendations for the management of development of innovative activity for research institutions of Russia. Goal. Improving the process of management of development of innovative activity in scientific-research institutions of the country. Tasks. To develop algorithmisation in the form of a set of recommendations for the management of development of innovative activity in scientific-research institutions of the country. Technique. Methodological basis of research includes the concept of sustainable development macroeconomic and microeconomic models of innovation, Economics of research, the results of the analysis of scientific papers on methodological justification of research project management, regulatory-legal base of scientific research, including legal acts regulating international scientific activity. Results. For successful innovative activity of the organization the creation of a number of conditions: the practice of participation in tenders and conferences, consulting and training personnel to international standards and requirements in the work, the patent protection of innovations and the acquisition of skills of carrying out presentations and exhibitions. Application of the developed recommendations and the creation of conditions that ensure their feasibility and effectiveness, would enable the organization to effectively manage the development of innovative activities. In this paper, by using the recommendations identified General methods development of innovative activity in scientific-research organizations. Tendencies, characteristic of modern state and development of innovation processes and the main areas that are worth paying attention to. When assessing the effectiveness of innovative activity in the research and development work should be guided by the types and activity of research institutions. Conclusions. the Proposed recommendations are the basis to start the process of enhancing innovation in research institutions based on the testing of administrative decisions on the organization of efficient activities of these institutions.