ICEF Student Presents Report on ‘The Economy for Future Development’ to the Russian President
HSE ICEF student Alexander Lee delivered a presentation titled ‘The Economy for Future Development’ during the session ‘Youth 2030. The image of the future’ at the XIX World Festival of Youth and Students, which took place in Russia from October 14-22. The presentation was based on creative work and discussions held over the course of one week among a group of international students led by experts from ISSEK and Yuri Simachev, Director for Economic Policy. Vladimir Putin, President of the Russian Federation, took part in the event.
Alexander Lee presented the key results to participants: ‘One of the main areas we discussed is that people are the center of the economy, but not in the traditional way as an element in production, but as a leading force that makes the economy more personalized. 42% of students at the panel discussion agreed that the main economic sector for the future would be personal modification, so we will see our skills and capabilities change thanks to bioengineering and perhaps even the implementation of a new education system. Digital transformation and rapid growth of the transport system will make the world seem more compact, and then we will adopt a new economic structure and see greater labor force mobility, with people working work across a wide range of fields over the course of their lives. Furthermore, more effective model of economic outsourcing, in which distance is no longer an obstacle, will develop. Summarizing the findings mentioned above, we are moving towards a decentralized personalized economy that is focused on people.’
During the session, representatives from various countries delivered presentations on several areas of development: future technologies, ecology, future aviation, new media, economy for future development, health, civic platform for development, future design, global politics, future science and education, future industries, global rail network, and the creation of a ‘future team’.
President Vladimir Putin said he hoped that festival participants will be able to implement their ‘great and ambitious plans’ and shared his thoughts on what must be taken into consideration while implementing these initiatives. He noted that they should remember that the plans developed need to be applicable in real life (apart from those initiatives that involve fundamental research). Secondly, the introduction of new technologies is impossible without educated people, and this does not only refer to ‘a set of interesting and important skills’, but also about creative thinking, the ability to communicate with others and to work in a team. Finally, he said that ‘whatever we do, we must not forget about the moral and ethical aspects of our work. Everything we do must benefit people – strengthen not destroy them’.
It is believed that carbon dioxide emissions into the atmosphere are mainly regulated by ‘direct’ economic instruments - the carbon tax and the Emissions Trading System (ETS). However, a comparative analysis has shown that ‘indirect’ instruments, such as excise taxes on motor fuel and other energy taxes, did not yield any lesser impact than their ‘direct’ counterparts, and, over time, were even more effective.
On July 31, the II International Economics Olympiad (IEO) for high school students came to a close in Saint Petersburg. In the team competition, the Brazilian team won the gold medal, while teams from China won silver and bronze. One of Russian teams placed fifth.
On July 24, the second annual International Economics Olympiad (IEO) for high school students kicked off at HSE University in St. Petersburg. The competition is organized by HSE University with the support of Sberbank. Students from 24 countries will compete over the course of a week. The winners will be able to enroll in any HSE Economics programme in 2020 with a full tuition scholarship.
On July 24-July 31, the second annual International Economics Olympiad (IEO) for high school students will be held in St. Petersburg. The IEO is organized and hosted by HSE University with the support of Sberbank.
It is believed that carbon dioxide emissions into the atmosphere are mainly regulated by ‘direct’ economic instruments - the carbon tax and the Emissions Trading System (ETS). However, a comparative analysis has shown that ‘indirect’ instruments, such as excise taxes on motor fuel and other energy taxes, did not yield any lesser impact than their ‘direct’ counterparts, and, over time, were even more effective. This is the conclusion drawn by HSE researcher Ilya Stepanov in his article, ‘Taxes in the Energy Sector and Their Role in Reducing Greenhouse Gas Emissions’.
Experts from the HSE Centre for Business Tendency Studies (CBTS) analysed for the first time the growth of the manufacturing industry in CIS countries between 2004 and 2016. It was conducted within the framework of a regional project of the United Nations Industrial Development Organization (UNIDO) “Improvement of industrial statistics and development of indicators of industrial performance for policy-relevant analysis in CIS countries”.
Post-Soviet life and the economic ups and downs of recent years have changed the attitude of Russians towards saving. Now, it is not the less fortunate who save, but the more intelligent, according to Elena Berdysheva and Regina Romanova. Or, more to the point, it’s the more intelligent women: domestic finances are usually dealt with by females. At HSE’s recent XIX April International Academic Conference, researchers explained how Russians adjusted and optimized family budgets following the crisis of 2014-2017 and how this relates to gender issues.
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.
Experts at HSE have shown that the foreign direct investment is an important and necessary determinant for positive return on exports. Such companies consequently encounter a higher level of competition in terms of quality and intensity. Research results have been published in the Baltic Journal of Management.
HSE experts demonstrated that companies with foreign participation have an easier time overcoming the consequences of economic recessions. The results of the study were presented in the paper ‘Lean against the wind: The moderation effect of foreign investments during the economic recession in Russia’ published by the Journal of Economics and Business.