The future of the global financial system downfall or harmony

Lecture Notes in Networks and Systems 57

Elena G. Popkova Editor

The Future of the
Global Financial
System: Downfall
or Harmony


Lecture Notes in Networks and Systems
Volume 57

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Janusz Kacprzyk, Polish Academy of Sciences, Warsaw, Poland
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Elena G. Popkova
Editor

The Future of the Global
Financial System: Downfall
or Harmony

123


Editor
Elena G. Popkova
Institute of Scientific Communications
Volgograd, Russia

ISSN 2367-3370
ISSN 2367-3389 (electronic)
Lecture Notes in Networks and Systems
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Preface

This volume contains the best works that were presented at the conference “The
Future of the Global Financial System: Downfall or Harmony,” which took place
on April 13–14, 2018, in Limassol, Cyprus. The conference was devoted to
reconsideration of the role and meaning of the global financial system in the modern
global economy in the context of the crisis, which started in 2008 and is still
observed in a lot of countries, and to development of conceptual and applied
recommendations for activation of development of the global financial system.
All works underwent peer-review and conform to strict criteria that include high
level of originality (more than 90%), elements of scientific novelty, contribution
into development of economic science, and wide possibilities for practical application. The target audience of this scientific work includes postgraduates, lecturers
of higher educational establishments, and researchers who study the modern global
financial system. Based on the authors’ conclusions and results, representatives
of the target audience will be able to build their new scientific research.
The topics of the works contained in this volume cover (but are not limited to)
the following issues, which are interesting for the modern economic science and

practice:
– Financial globalization as a foundation of modern times;
– new role of finances in the global economy: from background to foreground;
– transition of financial system from infrastructure to new vector of development
of the global economy in the twenty-first century;
– fiasco of the modern financial system and ways of overcoming it;
– problems and perspectives of harmonization of the global financial system;
– scenarios of development of the global financial system.
Materials of the volume are divided into the following parts: development of
financial systems of micro-, meso-, and macro-levels, financial infrastructure of the
modern economy, legal issues of development of the modern financial system, and
management of the global financial system. The conference was organized by the

v


vi

Preface

Institute of Scientific Communications (Volgograd, Russia). Almost 2,500 scholars
participated in the conference as visitors and speakers, with more than 500 scientific
works.

Introduction
The recent global financial and economic crisis attracted attention of international
society to the modern global financial system, showing its unsustainability and
causing threats to its further development in the long term. Obvious, the current
trajectory of its movement is not perfect for participants of international financial
relations and requires correction.

If these corrections are not timely, the next crisis might lead to downfall of the
whole modern financial system. On the contrary, selection of right direction of its
development will ensure harmonization of interests of its participants and establishment of balance at the global financial markets. Due to this, topicality of
determining new outlines of the global financial system, which allow making it
more sustainable against crises, grows constantly.
Materials of this volume are devoted to generalizing the accumulated experience
in transformation of financial system and discussing perspectives and developing
recommendations for modernization of the modern financial system in view of new
challenges of the modern times for increasing its sustainability. For this, efforts of
various experts in the sphere of finance are united, which allowed comparing
various points of view on the future of the global financial system and compiling its
various forecasts and scenarios. This will allow reducing uncertainty and risk of
execution of international financial operations and will increase international
financial flows.
This volume contains the best works that were presented at the conference “The
Future of the Global Financial System: Downfall or Harmony,” which took place
on April 13–14, 2018, in Limassol, Cyprus. The conference was devoted to
reconsideration of the role and meaning of the global financial system in the modern
global economy in the context of the crisis, which started in 2008 and is still
observed in a lot of countries, and to development of conceptual and applied
recommendations for activation of development of the global financial system.
The conference was organized by the Institute of Scientific Communications
(Volgograd, Russia). This volume contains scientific studies in the sphere of economic, management, and law—which ensured a multi-disciplinary approach to
studying the modern global financial system and substantiation of the offered
recommendations from the organizational and managerial and normative and legal
points of view.
One of the most interesting works of the volume is the article by Elena Sysoeva,
Elena Budilova, Oksana Kachur, and Olga Dolgova “Financing of Russian
Companies in the Conditions of Distortion of International Trade Relations and
Economic Sanctions,” which contains the authors’ opinion on the problem of deficit

Preface

vii

of financial resources for development of the modern Russian entrepreneurship and
offers the means for its complex and highly effective solution.
The work of Tatiana Malova and Marina Pivovarova “The Dilemmas of
Macroeconomic Management: Impact on Global Financial Stability” is very
interesting for researchers, as it contains framework strategic recommendations for
provision of sustainability of the global financial system on the basis of macroeconomic regulation tools.
Legal aspects of future development of the global financial system are reflected
in the work “Peculiarities of Protecting the Rights of Participants of Financial
Markets in Court”— this article contains practical recommendations for modernizing the normative and legal and institutional provision of supporting stability
of the global financial system. This work is logically continued by the work of N.
V. Tskhadadze and N. V. Chernorizova “International Financial Markets in the
Conditions of Transformation of the Financial System.”
These and other works contain objective and various opinions on the future
of the global financial system and offer perspective solutions to the problem of
activation of its post-crisis growth and prevention of new crises, as well as
restoration of its leading role in the global economy.

Conclusions
As a result of the conference, it is possible to conclude that the future of the global
financial system is not ambiguous. Joint efforts of the authors of the works of the
volume allowed determining the main factors and risks of development of the
global financial system, tracking transformation of its role in the global economy
before, during, and after the 2008 global crisis, and determining perspectives of its
sustainable development in the long term.

The most important result of the series of research is actualization of the problem
of development of the global financial system. We hope that these works will attract
attention of the global society to this problem and will lead to implementation of
complex measures (including our recommendations), aimed not only at provision of
highly effective execution infrastructural role of the global financial system in
economic systems of various scale but also at assigning a new role to it—accelerator of growth and development of the global economy.
One of the advantages of this volume is that it contains studies not only in the
sphere of macroeconomics but also meso-economic and microeconomics. Due to
this, it was possible to study the issues of including regions of national economic
systems into the global financial systems, development of separate financial markets
and financial organizations, and the issues of overcoming of financial barriers on the
path of development of entrepreneurship.
We’re proud that our joint efforts were able to cover such large layer of scientific
and practical issues, thus reducing uncertainty as to future development of the
global financial system. At the same time, we acknowledge topicality and lack of


viii

Preface

solutions to such issues as provision of balance (overcoming disproportions) of the
global financial system’s development, standardization and unification of functioning of national financial markets and activities of financial organizations, harmonization of the level and rate of its development with the needs of global
economic subjects, etc., and call for scholars and experts to conduct research aimed
at solving them.


Contents

Development of Financial Systems of the Micro-, Meso-,

and Macro-Levels
Influence of Integration Processes on Economy of the Agro-Industrial
Complex: A View from the Positions of Various Models
of Economic Systems . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Larisa V. Popova, T. A. Dugina, A. V. Malofeev, I. S. Korabelnikov,
and E. A. Likholetov
Economic Analysis of Labor Resources Usage in Regional Markets . . .
Tatiana N. Gogoleva, Pavel A. Kanapukhin, Margarita V. Melnik,
Irina Y. Lyashenko, and Valeriya N. Yaryshina
Technical Forensic Technique of Human Hair Examination:
Forensic Practice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Eduard E. Genzyuk, Lyudmila A. Spektor, Viktoria S. Kirilenko,
and Aleksandr V. Sukhanov

3

10

20

Project Finance for Africa’s Construction Sector: Can Stabilization
Funds Work? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Lubinda Haabazoka

32

The Shift of the Competition Paradigm in the Banking Sector
of Russia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Anna Kladova, Marina Alpidovskaya, and Valeriy Gordeev

61

Socio-Cultural Activities in the Implementation of Educational
Programs for Tourism Based on the Competence Model . . . . . . . . . . . .
Irina V. Borisenko, Tatyana V. Degtyaryova, and Gulmira B. Grigoryeva

69

Communicative Tolerance of Students of Higher Educational
Establishments in the Context of Social and Economic Dimension
of the Region . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Snezhana V. Yavon and Tatyana N. Ivanova

77

ix


x

Contents

Financial Conditions for Ensuring of Self-development of Regions . . . .
Zhanna A. Zakharova
The Role of the Financial System in Solving
Socio-economic Problems . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Konstantin Lebedev and Yuliya Budovich

87

97

The Current Practice of the Strategic Planning in Russian Regions:
Innovative Model of Strategic Planning “Galaxy 7 Â 7 Â 7”
of the Leontief Centre-AV Group Consortium and Experience of Its
Approbation in Krasnodar Krai . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105
Konstantin V. Getmantsev, Daria V. Lanskaya, Tatiana A. Myasnikova,
and Yuri I. Treshevsky
Contradictions in the Motivation of Top Managers of Corporation
by the Method of Economic Added Value . . . . . . . . . . . . . . . . . . . . . . . 114
Sergey N. Yashin, Egor V. Koshelev, Victor P. Kuznetsov,
Yuliya V. Zakharova, and Alexey A. Ivanov
Self-regulation in Tourism . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 126
Marina L. Davydova, Yuriy A. Bokov, Yevgeniy V. Stel,
and Vladimir A. Zolotovskiy
Olympic Movement in Kindergarten . . . . . . . . . . . . . . . . . . . . . . . . . . . 135
Alla A. Oshkina
Labor Activity of the EAEU Migrants in Moscow . . . . . . . . . . . . . . . . . 142
Tatiana N. Yudina, Yuri N. Mazaev, Tatiana V. Fomicheva,
Irina V. Dolgorukova, and Tatiana N. Bormotova
Agricultural Products’ Quality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 154
Aleksei V. Bogoviz, Elena I. Semenova, and Julia V. Ragulina
Traffic Safety as a Factor of Competitiveness of Economic System
and a Reason for Increase of Differentiation of Developed
and Developing Countries: Management on the Basis of New ICT . . . . 161
Vladimir A. Zelikov, Yuriy V. Strukov, Vera V. Razgonyeva,
Ruslan A. Korablev, and Alexander Y. Artemov
Digital Currency in the Development of Payment Systems
on the Bitcoin Platform . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 167
Elena N. Egorova, Irina V. Mukhomorova, and Anton I. Mosalev

Social Consequences of the Impact of Information Technologies
on the Values of Modern Youth in the Conditions of the Global
Financial and Economic Crisis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 176
Mariana Y. Lokova, Marina N. Khanova, Gyuldzhan K. Azamatova,
Albina O. Vindizheva, and Natalya N. Reshetnikova


Contents

xi

Factors of Socio-Economic Development of Rural Regions
in the Area of Influence of City Agglomerations . . . . . . . . . . . . . . . . . . 183
Maria A. Bitarova, Konstantin V. Getmantsev, Elena V. Ilyasova,
Ekaterina M. Krylova, and Yuri I. Treshchevsky
Constructing Regional Social Inclusion: Foundations
of Sociological Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 195
Tatiana N. Yudina, Irina V. Dolgorukova, Egor Y. Kireev,
Tatiana M. Bormotova, and Tatyana V. Fomicheva
Financial Infrastructure of the Modern Economy
The Model of Managing the Development of Agricultural Machinery
Market Infrastructure on the Basis of Public-Private Monitoring . . . . . 205
Irina Morozova, Tatiana Litvinova, Ivan A. Mordvintsev,
and Olga V. Konina
Institutional Frameworks of Place Marketing in Russia: Barriers
and New Possibilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 213
Yulia I. Dubova, Vyacheslav V. Golikov, Zhanna V. Gornostaeva,
and Vladimir Zhidkov
Directions of Perspective Development of Innovational Infrastructure
of Russian Regions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 219

Larisa L. Alekhina, Margarita N. Burtseva, Anna G. Savina,
Svetlana A. Ilminskaya, and Irina V. Skobliakova
Strategic Goals of Socio-Economic Development of Regions
in the Conditions of Economic and Financial Limitations . . . . . . . . . . . 229
Elena V. Endovitskaya, Igor E. Risin, and Yuri I. Treshchevsky
Global Information Space: A Non-linear Approach . . . . . . . . . . . . . . . . 236
Nelli I. Morozova, Olga S. Buryakova, Natalia Z. Aliyeva,
and Elena B. Ivushkina
Economic Efficiency of Using the Electric Grid Complex:
Problems of Reserves of Network Power and Development
of Intelligent Technologies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 241
Olga Danilova and Irina Belayeva
Effectiveness of Financial Support for the Resource Base
of Innovative Development in Regions During Crisis . . . . . . . . . . . . . . . 251
Sergey A. Grachev, Marina A. Gundorova, Oleg A. Donichev,
Denis Y. Fraymovich, and Maria I. Zakirova
Contents of the Third Age University in Russia: Prospects
of Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 260
Inna Vysotskaya, Tamara Yovanovich, Natalya Prom, Olga Toporkova,
and Oxana Evtushenko


xii

Contents

Information Hindrances and Communication Barriers
in Project Interactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 273
Marianna S. Santalova, Elvira P. Lesnikova, Svetlana N. Nechaeva,
Alla V. Borshcheva, and Olga G. Charykova

Conditions of the Internationalization of Chinese Yuan: Changes
for Five Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 282
Inna V. Kudryashova
The International Business Cooperation and Its Influence
on Enterprise Financial Security Under Globalization . . . . . . . . . . . . . . 294
Natalia Reshetnikova, Magomedgabib Magomedov, Dmitry Buklanov,
and Elena Zakharchenko
Normal Flow of Resources as a Basis for Improving the Quality
of Final Financial Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 309
Alexander A. Bazhenov, Igor E. Mizikovsky, Ekaterina P. Garina,
Viktor P. Kuznetsov, and Alexander I. Gavrilov
Economic Security as a Factor of Formation of Modern Russian
Entrepreneurial Environment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 316
Ulyana A. Pozdnyakova and Margarita T. Kozhukhova
Role of the State in Financial Mechanism of Development
of Industrial Companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 325
Vera I. Menshchikova, Marina A. Kakushkina, Evgeny V. Sukhanov,
and Irina B. Shapovalova
Innovational Tools of Provision of Food Security Through State
Support for the AIC in the Conditions of the Digital Economy . . . . . . . 334
Aleksei V. Bogoviz, Elena I. Semenova, and Ivan S. Sandu
Informatization of the Russian Society: Evaluation and Perspectives . . . 341
Julia V. Ragulina, Svetlana V. Lobova, and Alexander N. Alekseev
Strategizing as a Tool of Information and Analytical Provision
and a Technology of Regional Development Management . . . . . . . . . . . 348
Daria V. Lanskaya, Yuri I. Treschevsky, Konstantin V. Getmantsev,
and Tatyana A. Myasnikova
Financial Barriers to the National Cancer Program Implementation
in Modern Russia and Means to Overcome Them . . . . . . . . . . . . . . . . . 357
Yuri V. Przhedetsky, Natalia V. Przhedetskaya, Viktoria Y. Przhedetskaya,

Ksenia V. Borzenko, and Viktoria V. Pozdnyakova
New ICT as a Threat to Physical Development and Health
of a Modern Human or a Means of Propaganda of Healthy Living . . . . 364
Elena S. Berezhnaya, Vladimir A. Bondarev, Yevgeniya V. Zazulina,
Natalya V. Koloskova, and Anna V. Strichko


Contents

xiii

Failure of the Funded Model of the Russian Pension System:
Reasons and Solutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 371
Lyubov V. Grigorieva, Leyla A. Mytareva, and Ekaterina A. Shkarupa
Metaphor in Financial and Economic Discourse . . . . . . . . . . . . . . . . . . 384
Svetlana V. Shustova and Alla F. Korlyakova
Legal Issues of Development of the Global Financial System
Establishment of the Institute of Tax Consulting as an Element
of Market Relations and the Object of Economic
and Legal Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 399
Lyudmila S. Kirina and Natalia A. Nazarova
The Concept of Restoration of the Leading Role of the Global
Financial System in Activation of Growth and Development
of the Global Economy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 407
Elena G. Popkova and Tatyana V. Alferova
Possibilities of the International Cooperation and Export of Subjects
of Small and Medium-Sized Business Under the Conditions
of Financial Crisis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 414
Tatyana Y. Anopchenko and Vladislav I. Ostrovskiy
Issues Related to Foreclosure of Pledged Property in Russia:

Theory and Practice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 421
Olga N. Kichalyuk, Oksana A. Morozova, Lyudmila A. Spektor,
and Aleksandr V. Sukhanov
Fundamentals of Russian Economic Policy
for Increasing Competitiveness . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 432
Alexey M. Tsikin and Marina L. Alpidovskaya
Revival and Renewal of Political Economy . . . . . . . . . . . . . . . . . . . . . . 443
Sergey S. Slepakov, Natalia N. Novoselova, and Veronika V. Khubulova
Structural Modeling of the Institution of Russian Entrepreneurship
in the Spirit of “Old” Institutionalism . . . . . . . . . . . . . . . . . . . . . . . . . . 451
Svetlana L. Sazonova
Formation of Target Programs of Innovation and Investment
Development of Regions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 461
Tatiana L. Bezrukova, Irina V. Kuksova, Nadia I. Korda,
and Svetlana S. Kirillova


xiv

Contents

Ways to Protect Personal Honor and Dignity Pursuant to Current
Criminal Legislation of the Russian Federation as an Important
Problem of Modern Age . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 473
Olga N. Kichalyuk, Oksana A. Morozova, Viktoria S. Kirilenko,
and Anna A. Kulikova
Financing of Russian Companies in the Conditions of Distortion
of International Trade Relations and Economic Sanctions . . . . . . . . . . . 487
Elena Sysoeva, Elena Budilova, Oksana Kachur, and Olga Dolgova
Actual Problems of International Cooperation of Russia

in the Sphere of Cyber Security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 495
Dmitry A. Lipinsky, Konstantin N. Evdokimov,
and Aleksandra A. Musatkina
Problems of Classification of Illegal Gambling Activities . . . . . . . . . . . . 505
Aleksandr V. Sukhanov, Eduard E. Genzyuk, Anna A. Kulikova,
and Liana R. Barashyan
Social Precarization in Post-Soviet Countries: Common Features
and Differences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 516
Olga V. Mramornova, Natalia A. Ivanova, Olga Y. Sokolova,
Aynulkhat Z. Musaeva, and Safia S. Abutalimova
Strategic Alternatives of Regional Intellectual Capital Management . . . 528
Yuri N. Lapygin and Pavel Y. Makarov
Possibilities of Import Substitution in the Russian
Pharmaceutical Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 537
O. S. Peskova, T. B. Boriskina, O. V. Urova, and A. V. Fetisov
Peculiarities of Protecting the Rights of Participants of Financial
Markets in Court . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 545
Galina E. Ageeva, Petr P. Lang, Andrei V. Loshkarev,
Tatiana V. Chugurova, and Ekaterina N. Churakova
On the Compliance of Civil Standards of the Russian Federation
with International Standards in the Field of the Fight
Against Corruption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 553
Dmitry A. Lipinsky, Victoria V. Bolgova, and Aleksandra A. Musatkina
Protecting the Rights of Economic Entities in the Event of Competition
Restraint by Public Authorities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 563
Marina Y. Kozlova, Igor V. Rostovshchikov, Viktor A. Rudkovsky,
and Alena N. Volchanskaya


Contents

xv

Establishing Legal Regulation Standards of Family Relations
in the RF in the USA in the Conditions of Financial
and Economic Crisis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 572
D. A. Kokova, Z. A. Zumakulova, Z. B. Khavzhokova,
and N. N. Reshetnikova
Budget Limitations in the Process of Formation
of the Digital Economy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 578
Aleksei V. Bogoviz, Alexander N. Alekseev, and Julia V. Ragulina
Circumstances Mitigating Punishment in the Russian Criminal Law . . . 586
Lyudmila A. Spektor, Anna A. Kulikova, Aleksandr V. Sukhanov,
and Aleksei A. Shishkin
Regarding the Issues of Implementation of International Laws
on Fighting Corruption by the Russian Federation . . . . . . . . . . . . . . . . 603
Dmitry A. Lipinsky, Aleksandra A. Musatkina, and Pavel A. Rumyantsev
Characteristics of Certain Crimes Against Peace and Security
of Mankind as “Essential Threats” . . . . . . . . . . . . . . . . . . . . . . . . . . . . 612
Oksana Y. Grechenkova and Yulia A. Kuzmenko
Public Prosecutor’s Waiver of Prosecution as a Sub-institution
of the Russian Criminal Procedure Law . . . . . . . . . . . . . . . . . . . . . . . . 622
Anna A. Kulikova, Liana Barashyan, Viktoria S. Kirilenko,
and Eduard E. Genzyuk
Public Prosecution in Criminal Procedure: Modern Goals and Tasks . . . 637
Aleksei A. Shishkin, Eduard E. Genzyuk, Lyudmila A. Spektor,
and Viktoria S. Kirilenko
Management of the Global Financial System
An Individual in the Contemporary Public Administration . . . . . . . . . . 649
Aleksandr M. Starostin, Elena N. Tovanchova, and Yulia L. Shepeleva

Balance-Cognitive Approach to Foresight-Development
of Management Audit Efficiency Digital Economic Systems
in the Context of Strategic Drift . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 657
Galina I. Sidunova and Anna V. Shokhnekh
System Regulation of Key Directions of Modern Financial Policy
in the Conditions of Financial Globalization . . . . . . . . . . . . . . . . . . . . . 666
Elizaveta O. Tappaschanova, Salikh A. Baizulayev,
Ekaterina S. Kovanova, Elmira G. Shurdumova, and Saida A. Zhirova


xvi

Contents

The Dynamic Model of Increase of Population’s Health Level
in Russian Regions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 673
Natalia A. Shchukina, Irina A. Tarasova, Tatiana E. Kozhanova,
and Oksana A. Avdeyuk
The Dilemmas of Macroeconomic Management: Impact
on Global Financial Stability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 683
Tatiana Malova and Marina Pivovarova
Forming a Strategy for Development of Russian Gas Industry
in Modern Economy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 692
Alexey M. Tsikin
Russia on the African Natural Gas Market . . . . . . . . . . . . . . . . . . . . . . 705
Larisa S. Shakhovskaya and V. I. Timonina
Creation and Functioning of Special Economic Zones in Russia:
Tendencies Problems and Perspectives . . . . . . . . . . . . . . . . . . . . . . . . . . 708
Inna V. Mitrofanova, Natalia S. Melnikova, Rustam A. Yalmaev,
and Makka A. Yalmaeva

Tendencies of Development of the Tools of Strategic Planning
of Industrial Companies’ Activities in Post-industrial Economy . . . . . . . 718
Elena V. Popov and Mikhail V. Khachaturyan
The Study of Modern Approaches to Development of Economic
Systems Through Managing Their Complexity . . . . . . . . . . . . . . . . . . . 726
Anna A. Parshina, Valery V. Levchuk, Elena V. Shpilevskaya,
Ekaterina P. Garina, and Alexander P. Garin
The Modern Approach to Forming the Conception of Functions
of Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 734
Yuliya Budovich, Konstantin Lebedev, and Anna Lebedeva
Exploring Alternative Strategies for Managing the Complexity
of a Product . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 741
Ekaterina P. Garina, Viktor P. Kuznetsov, Nataliya S. Andryashina,
Elena V. Romanovskaya, and Svetlana N. Kuznetsova
Increasing the Complexity of the Product Manufacture: Assessment
of Trends and Prospects of the Process . . . . . . . . . . . . . . . . . . . . . . . . . 748
Ekaterina P. Garina, Viktor P. Kuznetsov, Alexander P. Garin,
Elena V. Romanovskaya, and Nataliya S. Andryashina
International Financial Markets in the Conditions of Transformation
of Financial System . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 757
Nelli V. Tskhadadze and Nina V. Chernorizova


Contents

xvii

The Main Tendencies and Directions of State Policy in the Sphere
of Technological Development of Russia . . . . . . . . . . . . . . . . . . . . . . . . . 765
Tatiana A. Alekhina, Oksana E. Konobeeva, Elena E. Konobeeva,

Evgenia V. Simonova, and Maria A. Stepanova
Deformations of the Global Financial System in the Conditions
of Globalization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 774
Tatyana V. Zhukova, Olga V. Panfilova, Ilona V. Avlasenko,
Lyudmila M. Avlasenko, and Anastasiya V. Belousova
The Internet as a Synergetic Model Information Interaction
Between Chaos and Order . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 783
Elena B. Ivushkina, Nelli I. Morozova, Irina B. Kushnir,
and Olga S. Buryakova
Economic Analysis of Effectiveness of the Existing Tools of State
Support for Entrepreneurship in the AIC in the Digital Economy . . . . . 789
Aleksei V. Bogoviz, Yury A. Bugai, and Aleksey V. Minenko
Socio-Economic Mechanisms of Supporting the Institute of Family
in the Conditions of Financial Crisis . . . . . . . . . . . . . . . . . . . . . . . . . . . 795
Elena V. Smirnova, Svetlana V. Mitrofanova, Nina I. Medvedeva,
Valentina V. Gorbunova, and Lilianna Y. Grazhdankina
Conceptual Approaches to Formation of Financial Strategy
of a Higher Education Institution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 803
Oksana N. Momotova, Lyudmila V. Belokon, Sofiya G. Kilinkarova,
Tatyana A. Mayboroda, and Galina V. Stroi
Applying an Algorithm for Vertex Minimization of Non-deterministic
Finite Automata (NFA) on the Basis of a Multi-heuristic Approach
for Studying Social and Economic Performances of Region . . . . . . . . . . 813
Svetlana V. Pivneva, Tatyana N. Ivanova, Galina V. Akhmetzhanova,
Anastasia A. Kurilova, and Julia A. Anisimova
Financial Tools as an Alternative to Bank Deposits and Deposits
of Microfinance Organizations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 819
I. E. Shaker and N. S. Shaker
Risks and Management of Sustainable Development of the Global
Financial System

The Forecasting Approach to Strategic Development
of Economic Subjects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 829
Olga S. Glinskaya, Anna V. Shokhnekh, Olga V. Prokopova,
and Irina S. Skorikova


xviii

Contents

Global Crisis: Overcoming the Uncertainty of the Concept
in the Philosophical Paradigm of Globalization . . . . . . . . . . . . . . . . . . . 836
Anna Guryanova, Nonna Astafeva, Natalya Filatova,
Elmira Khafiyatullina, and Nikolai Guryanov
The Tools of Sustainable Development of Industrial
Production Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 844
Lyudmila V. Strelkova, Dmitriy I. Tarasov, Julia A. Makusheva,
Oleg V. Trofimov, and Viktor P. Kuznetsov
Crisis of the Consumer Basket in Russia . . . . . . . . . . . . . . . . . . . . . . . . 852
Marianna S. Santalova, Elvira Lesnikova, Svetlana Nechaeva,
Ksenia Sadykova, and Irina Nizovaya
Problems and Perspectives of Development of the World
Financial System in the Conditions of Globalization . . . . . . . . . . . . . . . 862
Galina V. Vorontsova, Ramazan M. Ligidov, Tatiana A. Nalchadzhi,
Irina M. Podkolzina, and Galina V. Chepurko
Increase of Effectiveness of Regulation and Development
of Entrepreneurship in the Conditions of Increase
of Russia’s Economic Security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 871
Irina A. Morozova, Olga E. Akimova, Anna A. Khryseva,
and Margarita T. Kozhukhova

Modeling Well-Balanced Development of Innovational
and Investment Activities of Economic Systems . . . . . . . . . . . . . . . . . . . 883
Ludmila I. Malyavkina, Irina B. Ilyukhina, Liliya M. Marchenkova,
Elena M. Samorodova, and Liubov I. Starikova
Provision of Sustainability of Development of Entrepreneurial
Structures in the Conditions of Financial Crisis . . . . . . . . . . . . . . . . . . . 896
Viktor P. Bardovskii, Maria A. Vlasova, Natalia N. Sokolova,
Ivan V. Ilin, and Elena V. Troshina
Imperatives of Forecasting of Socio-Economic Development
of Russian Economy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 908
Gilyan V. Fedotova, Ruslan K. Ilyasov, Oksana A. Kovalenko,
Denis D. Tkachenko, and Tatiana D. Malyutina
Increase of Economic Security of Internet Systems
of Credit Organizations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 922
Gilyan V. Fedotova, Roman R. Chugumbaev, Nina N. Chugumbaeva,
Alexander V. Sukhinin, and Emma V. Kuzmina
Risk-Oriented Approach to Tax Control for Stabilization of Financial
Systems of Developing Countries by the Example of Modern Russia . . . 932
Irina V. Gashenko and Yulia S. Zima


Contents

xix

Managing the Global Financial System on the Basis of Artificial
Intelligence: Possibilities and Limitations . . . . . . . . . . . . . . . . . . . . . . . . 939
Elena G. Popkova and Valentina N. Parakhina
Disaggregation of Industrial Enterprises as One of the Ways
to Overcome the Economic Crisis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 947

Anastasia D. Efremova, Victor P. Kuznetsov, Marina V. Artemyeva,
Aleksey I. Grigoryev, and Eduard V. Sintsov
Historical Experience of Development of the Tokens of Value
and Scenarios of Its Modern Application . . . . . . . . . . . . . . . . . . . . . . . . 954
Aleksandr L. Kleitman, Tatiana B. Ivanova, and Elena V. Timacheva
Economic Consequences of the Collapse of the Financial System . . . . . . 962
Olga Akimova, Helen Vitaleva, Irina Dneprovskay, and Natalia Ketko
Sustainable Development of Entrepreneurship as the National
Economic Security’s Mainframe Condition . . . . . . . . . . . . . . . . . . . . . . 972
Irina A. Morozova, Irina V. Dneprovskaya, and Margarita T. Kozhukhova
Anti-crisis Cluster Innovation Strategy Risk Management
with Usage of Real Put Option . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 987
Sergey N. Yashin, Egor V. Koshelev, Alexey A. Ivanov,
Alexander P. Garin, and Elena P. Kozlova
Sustainable Finance as a Way of European Companies’ Transition
to Green Economy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1002
Maria S. Shalneva and Yuliya V. Zinchenko
The Modern Global Financial System: Social Risks
Vs. Technological Risks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1013
Elena G. Popkova, Olga V. Fetisova, Tatyana A. Zabaznova,
and Tatyana V. Alferova
The Global Information Space as a Source of Formation
of Threats and Dangers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1020
Natalia Z. Alieva, Elena B. Ivushkina, Irina B. Kushnir,
and Olga S. Buryakova
Implementation of Sustainable Development Goal to Reduce
Inequality in the Russian Federation at Present Time . . . . . . . . . . . . . . 1027
Svetlana Zemlyanukhina, Larisa Sankova, Elena Yanchenko,
Liliya Otstavnova, and Natalia Ivanova

xx

Contents

The Model of Managing the Risk Component of Intermodal
Transportations Based on New Information and Communication
Technologies Within Optimization of Transport Logistics
of a Modern Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1036
Vladimir A. Zelikov, Mikhail A. Chernyshev, Alla A. Lysochenko,
and Svetlana G. Chumachenko
Verification of State Programs of Geographically-Distributed
Economic Systems . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1043
Mikhail A. Kovazhenkov, Gilyan V. Fedotova, Timur K. Kurbanov,
Elena O. Uchurova, and Baira I. Zerenova
Regulating the Risk of Forest Companies with Decisions
that Are Indifferent to Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1054
Nikolai G. Sinyavsky
Problems and Perspectives of Innovational Development
of the Global Financial System
Implementing Leading Experience and Innovational Technologies
into the Activities of the Penal System as a Factor of Economic
Optimization of Financial and Human Resources . . . . . . . . . . . . . . . . . 1075
Elena A. Timofeeva
The Concept of Industrial Enterprises’ Economic Development
Amid the Global Financial and Economic Crisis . . . . . . . . . . . . . . . . . . 1085
Anastasia A. Sozinova, Tatiana A. Burtseva, Olga V. Fokina,
Anna A. Grabar, and Ekaterina S. Tufyakova
The Structure of the Mechanism of Strategic Management
of Innovational Development of Socio-Economic System . . . . . . . . . . . . 1094

Olga V. Godina, Liudmila S. Maksimenko, Lev I. Ushvitsky,
Lyudmila V. Slavnetskova, and Marina N. Denshchik
Peculiarities of Digital Transformation of the System of Bank’s
Economic Security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1104
Gilyan V. Fedotova, Nikolai I. Lomakin, Denis D. Tkachenko,
and Anastasia A. Gontar
The Model of Component Evaluation of Company’s
Innovational Potential . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1113
Tatyana V. Goryacheva, Ekaterina A. Lapteva, Arkadiy P. Plotnikov,
Irina N. Pchelintseva, and Lyudmila V. Slavnetskova
Capabilities of Information Technologies in Introducing
the Children to the World of Professions . . . . . . . . . . . . . . . . . . . . . . . . 1124
Olga V. Dybina


Contents

xxi

The Role and Influence of Information Exchange on Creation
of Networks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1130
Marina Katkova and Vladimir Tregubov
Increase of Economic Effectiveness of Investment Projects
in Industrial Parks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1138
Svetlana N. Kuznetsova, Dmitry N. Lapaev, Marina V. Artemyeva,
Yaroslav S. Potashnik, and Elena P. Kozlova
Analysis Methodology of Innovative Development in Regional
Industrial Segment by Graph Theory . . . . . . . . . . . . . . . . . . . . . . . . . . 1145
Oleg L. Goykher, Roman V. Skuba, Olga S. Bugrova,
Vladimir E. Strelkov, and Roman I. Kudryakov

Improvement of Methodological Approaches to the Effectiveness
Assessment of Innovation Development of Regional Economy . . . . . . . . 1155
Pavel N. Zakharov, Karina V. Nazvanova, and Artur A. Posazhennikov
Hannah Arendt and Herbert Marcuse’s Critique of Modernity . . . . . . . 1169
Evgeniya Bujor, Alexey Volobuev, and Elena Kuzina
Prospects of Using Virtual Technologies in Modern Corporate
Business Systems . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1181
Elena Klochko and Olga Brizhak
Using Internet Services in Teaching Methodology . . . . . . . . . . . . . . . . . 1193
Marina L. Gruzdeva, Zhanna V. Smirnova, Zhanna V. Chaikina,
Olga V. Golubeva, and Olga T. Cherney
Influence of Innovations on Regional Socio-Economic Development . . . 1200
Aleksei V. Bogoviz, Julia V. Ragulina, and Mariana K. Barcho
Perspectives of Growth of Labor Efficiency in the Conditions
of the Digital Economy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1208
Aleksei V. Bogoviz, Svetlana V. Lobova, and Julia V. Ragulina
Shift of the Global Investment Flows in the Conditions of Formation
of Digital Economy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1216
Aleksei V. Bogoviz, Svetlana V. Lobova, and Julia V. Ragulina
The Cost and Value of Human Capital in the Modern
Digital Economy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1224
Aleksei V. Bogoviz, Svetlana V. Lobova, and Julia V. Ragulina
Distortions in the Theory of Costs in the Conditions
of Digital Economy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1231
Aleksei V. Bogoviz, Svetlana V. Lobova, and Julia V. Ragulina


xxii

Contents

Information and Communication Technologies as a New Vector
of Development of the Modern Economy . . . . . . . . . . . . . . . . . . . . . . . . 1238
Natalia Y. Kozhanchikova, Anna A. Polyakova, Marina K. Chistyakova,
Maria A. Vlasova, and Irina V. Ushakova
A Study of the Effects of Technological Innovations on the
Performance of Commercial Banks in Developing Countries A Case of the Zambian Banking Industry . . . . . . . . . . . . . . . . . . . . . . . 1246
Lubinda Haabazoka
Innovational Projects as a Basis of Progress of the Global
Financial System . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1261
Tatiana L. Bezrukova, Elena V. Popova, Boris A. Bezrukov,
and Valery A. Spesivtsev
Russian Bank Association as a Driver Force of Institutional Changes . . . 1270
I. N. Shapkin
Author Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1283


Development of Financial Systems
of the Micro-, Meso-, and Macro-Levels


Influence of Integration Processes on Economy
of the Agro-Industrial Complex: A View
from the Positions of Various Models
of Economic Systems
Larisa V. Popova, T. A. Dugina, A. V. Malofeev, I. S. Korabelnikov,
and E. A. Likholetov(&)
Volgograd State Agricultural University, Volgograd, Russia
, {deisi79,malofeev_1981,korablick.ru,
l.evgeni.a}@mail.ru

Abstract. The purpose of the work is to study the peculiarities of integration
processes and their influence on economy of the agro-industrial complex of
various models of economic systems. The authors use the method of regression
analysis for determining the dominating type of integration (internal or external),
calculate the values of regression indicators, and determine the type if influence
of integration processes on economy of the agro-industrial complex (positive or
negative influence). For determining the dominating type of integration,
dynamics of the values of the corresponding indicators are studied. The indicator
of internal integration is the index of intensity of competition in domestic sectorial markets according to the World Economic Forum. The indicator of
external integration is the index of economic globalization according to the
KOF. The level of development of economy of the AIC is evaluated on the basis
of the index of food production according to the World Bank. The data are
studied in dynamics of three years: from 2015 to 2017 by the example of the
countries that correspond to various distinguished models of economic systems.
As a result, it is concluded that various models of economic systems are
influenced differently by internal and external integration. The authors substantiate the necessity for mandatory accounting of the influence of integration
processes during management of development of the AIC economy. For that,
the proprietary mechanism of management of integration processes in the
interests of stimulating the development of the AIC economy from positions of
various models of economic systems is created.
Keywords: Integration processes
Models of economic systems

Á AIC economy

1 Introduction
The modern scientific approach to studying economic systems supposes not only
consideration of their spheres in close interconnection but also assigning equal value to
them for supporting sustainable socio-economic development and well-balanced economic growth. At the same time, during determination of the values of spheres for

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E. G. Popkova (Ed.): ISC 2018, LNNS 57, pp. 3–9, 2019.
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