HSE Academic Supervisor, Professor Evgeniy Yasin, opened the XIV HSE April International Academic Conference on Economic and Social Development.
The XIV HSE April International Academic Conference on Economic and Social Development started in Moscow on April 2, 2013. HSE Academic Supervisor Evgeniy Yasin addressed the first plenary session on the Global Economic Crisis and the Russian Economy.
'The global economy is going through a prolonged crisis', reminded Evgeniy Yasin. 'This is due to the fact that the world is undergoing tectonic shifts, and we do not yet quite understand their nature … In my opinion, developed countries are faced with a technological barrier, and economic growth rates are now largely determined by the dynamics of innovation, rather than by extraction of cheap mineral resources. Better productivity driven by innovation is the main source of economic growth today; turning on the printing press and printing some more money for the economy will no longer work'.
Developing countries, according to Evgeniy Yasin, 'may be in a better position now'. They are enjoying a temporary advantage by adopting a 'catch-up development' mode through 'yesterday's innovation' and the use of cheap labor.
Russia is between these two poles. 'We have no competitive advantages besides natural resources', noted Evgeny Yasin. Labour in Russia is more expensive than in developing countries, while technology lags behind that of developed countries.
Before the 2008-2009 crisis, Russia showed higher rates of economic growth than the world average (7.5% in 2003-2007), but there was a sharp decline during the crisis, and the post-crisis recovery is comparable to the global average. The situation is exacerbated by 'the increasingly negative dynamics of private investment'. At the same time, increased military and security spending exceeds the growth of spending on education and health care, i.e. investment in human capital.
'We are not likely to see fast growth rates in the world economy, and oil prices will remain high, but it will not have the same effect on the Russian economy as before the crisis', Evgeniy Yasin believes. 'That is why we need a new economic growth model'.
|First plenary session on ‘The Global Economic Crisis and the Russian Economy’|
For this latter scenario to be implemented, five basic conditions need to be met: to establish the rule of law, fostering the independence of courts; to reshape the relationships between business and the law enforcement and judicial agencies; to reform local government, expanding its authority, and to restore true federalism; to encourage private investment (especially in the pension system and health care); and to promote democracy.
The authors of the report believe that 'new Russian business' and 'the new bureaucracy' are the driving forces capable of making the above a reality. In previous years, business and bureaucracy were often in conflict, business won the first round, in the 1990s, and bureaucracy took revenge after 2003, but the new generation of business owners and bureaucrats are prepared to cooperate, and various business associations will play an important role in this dialogue.
And finally, civil society is the third player charged with an important role in shaping the new economic growth model. Of particular importance is mutual trust, without which attracting private investment in the economy and social institutions will be extremely difficult. Evgeniy Yasin feels certain that increasing household incomes will not lead to an inflationary surge and will be balanced by a flow of private investment into pension and social security funds.
The World Bank's Chief Economist and Senior Vice President Kaushik Basuand prominent Polish economist Marek Dabrowski also addressed the plenary, speaking about the causes of the global financial crisis and the prospects for recovery. The chairman of the Committee for Civic Initiatives and former Finance Minister Alexei Kudrin commented on the government's monetary policies and criticized the government's projection for Russia's development to 2030.
Oleg Seregin, HSE News Service
Photo: Nikita Benzoruk
Seniors in Russia are not responsive to public promotion of healthy living. Their behaviours follow eight different patterns, and a healthy lifestyle is far from being the most popular one. Only 17% of elderly people live what can be termed a 'healthy' lifestyle, Elena Selezneva discovered. The results of the study were presented at the XIX April International Academic Conference on Economic and Social Development at HSE.
The report entitled ‘Twelve Solutions for New Education’, prepared by the Higher School of Economics and the Centre for Strategic Development, was presented at the XIX April International Academic Conference. Professors Martin Carnoy and Tomasso Agasisti, international experts on education and conference guests, have shared their views on the issues and initiatives highlighted in the report.
One of the roundtables held during the XIX April Academic Conference featured a discussion of the report on morphology of Russian cities presented by Robert Buckley, Senior Fellow in the Graduate Program in International Affairs at The New School, US. The report looked at what Russian cities look like in terms of population density, how the patterns Russian cities exhibit compare with those of other cities around the world, and what individual behaviours might have contributed to the appearance of a certain pattern.
The notion that Karl Marx's works have been studied inside and out is fundamentally incorrect. The huge body of his manuscripts has still not been completely processed, and his seminal work, Capital, was only recently published with the final edits of the author. The 19th April Conference at the Higher School of Economics included the section ‘Methodology of Economic Science’ which was devoted to the work of the German philosopher and political scientist. Independent researcher and professor from Berlin, Thomas Kuczynski, gave a presentation at the conference which pointed out numerous aspects of Marx’s continuous rethinking of allegedly fixed truths.
During a plenary session of the HSE XIX April International Academic Conference, participants discussed the technological future of the Russian economy and how it relates to objectives such as speeding up economic growth and improving the quality of life.
These days, no scientific research is carried out without the use of digital media for the production or dissemination of knowledge. The term ‘Digital Humanities’ reflects this process and constitutes a scientific field where humanists not only aim to use a certain software, but also to understand research using quantitative semantics. However, digital infrastructures are not the same globally. In her talk at the HSE April International Academic Conference Dr Gimena del Rio Riande addressed various issues that arise in connection with digital humanities.
Slower GDP growth rates over the last several years were brought about by changes on international markets and the exhaustion of transformational bonuses due to the transition from a planned economy to a market economy, and this slowdown proves the necessity of looking for new solutions for stimulating the economy. The authors of the paper ‘Structural Changes in the Russian Economy and Structural Policy’ conducted a large-scale analysis on structural policy in Russia and around the world, as well as on possible ways for this policy to develop further. The first presentation of the paper took place as part of the plenary session called ‘Structural Policy in Russia: New Conditions and a Possible Agenda,’ which closed out HSE’s XIX April International Academic Conference.
The winner of the 2018 award is Ina Ganguli, Professor at the University of Massachusetts Amherst. The American researcher stood out for her series of articles analysing the productivity of Russian scientists in the 1990s, as well as their decisions concerning emigration and the impact that emigration had on the diffusion of Russian science in the United States.
The subject of the risks and challenges related to sanctions on Russia is crucial in defining a number of different areas of economic policy. Participants in the round table focused on improving the business environment as one of the ways of responding to sanctions, exchanged opinions during the 19th April International Academic Conference on Economic and Social Development about how to move into positive economic growth while under this external pressure.
On April 11, the educational portion of the XIX April International Academic Conference featured a presentation and discussion of the paper ‘12 Solutions for New Education,’ which was prepared by the Higher School of Economics and the Centre for Strategic Development.