Financial Literacy of Citizens in the Russian Federation

Introduction. The relevance of the study confirmed a significant public attention, public institutions and individual households to the issue of financial literacy in Russia. To date, it continues to develop technologies to improve the financial literacy of the population. Theoretical analysis. The increase of financial literacy should be facilitated by the system of public policies for the development of financial education system, strengthening the protection of rights of consumers of financial services, increasing their accessibility for citizens. An indispensable condition for the implementation of this policy should be to create sustainable institutions at federal and regional level involved in the program of financial education and public awareness, building assessment system as the level of financial literacy of various categories of citizens and the effectiveness of those measures, which are aimed at its promotion. Empirical Analysis. Based on the analysis of public and private initiatives aimed at increasing the financial literacy of the allocated elements of a comprehensive system of financial education. Results. Analysis to identify possible ways to improve the financial literacy of the population to form a comprehensive model of financial education and awareness.

Academic Value Added in the Evaluation of the Effectiveness of the University

Introduction. Increased interest in the performance of education systems in terms of strengthening the transparency for the state and society form the new tools for assessing the effectiveness based on the concept of the academic added value. Each educational system or institution can be evaluate from the point of view of efficiency of money spent by the state and the quality and scope of knowledge and skills of its graduates. Theoretical analysis. The academic added value can serve as a tool to assess the degree of improvement / strengthening of knowledge, skills and abilities of students in the learning period, the extent of giving them opportunities of critical thinking and reflection on current events and changes, and the ability to learn throughout life. Empirical analysis. Obtained on the basis of academic value-added results provide an opportunity to compare the quality of educational institutions, with different levels of the student body. Results. Academic added value concept reflects the influence of external factors, often not related to the educational process, the level of educational achievements of students, raising more serious questions about the availability and quality of education as a whole, rather than its effectiveness, and makes research in the field of education to move to the assessment of learning outcomes, rather than inputs (especially such as funding and the professional level of the teaching staff).

Fetishization Trends in Contemporary Russian Economy

Introduction. Theoretically and practically it is important to study the relationship a fetish of the economy, as real housekeeping can be improved only by reducing the degree of fetishization of economic relations. The article deals with theoretical approaches to the study of the relationship a fetish and their practical application in the country. Theoretical analysis. Fetishization of the concept of economic science is an attitude about the exaggeration of the role in real-world business processes specific events and the strong dependence of man on this phenomenon. Fetishization exists at all levels of the economy and is characterized by all its subjects. Discussion of results. There is an old form of economic and fetishization of any new forms in the modern Russian economy: the fetishization of investment capital, etc. The yield on the fetishization of government level complicates the work of the latter and makes new ways to implement real economic relations in market conditions. Conclusions. Fetishization of the economy is the objective-subjective, difficult to known and difficult to reduce the impact on the real economic processes. Have economic synergies, cooperation entities provide modern forms of exposure to fetishization of management of the economy.

Mathematical Justification of Economic in the Conditions of Falling of the Country in the «Underdevelopment Trap»

Introduction. Solving problems of technological development of Russia is an important task of formation of an innovative economy. In recent years there has been an intensification of mining operations and sales abroad, which can lead to rapid depletion of resources and the deterioration of the country in the future, but with competent macroeconomic policies, availability of raw materials and export of raw materials can be a major competitive advantage for the country. Theoretical analysis. The article analyzes the innovation of economic growth in terms of increase in production of natural resources, held in the framework of the Solow model, as well as evaluation and justification of the factors that negatively affect the economy. In the developed economic and mathematical model of growth based on the modification of the Solow model with constant saving rate. Discussion of results. In the simulations of the dynamics of technological development and analysis of the effect of the economy falling into the trap of underdevelopment in the lagging economy from the world’s technological leaders. It is proved that exogenous high prices for the resource at low technological level, capacity development and the level of education can lead to greater economic dependence on raw materials factor. With the help of mathematical modeling proved that at consistently high prices, the country will lose its potential for development and the economy will dominate the raw material component, further in the case of a fall in prices for the resource, the majority of investments in the economy again goes into the manufacturing sector, which, however, will have the potential for development insufficient to eliminate the backlog of the economy, may reduce the level of education in the case of inconsistency, which makes the output of the economy at world level impossible.

Socio-economic Factors of Formation of National Identity in the Conditions of Globalization

Introduction. The urgency of the problems of international cooperation associated with the exacerbation of national consciousness, increased tolerance to violations of national equality and distorted media coverage of conflict on a national basis. Theoretical analysis. The purpose of the article – to identify systemically important factors of national identity. The formation of national identity is determined by the spatial characteristics – border areas. Another factor that is closely related to the previous one, is a land. A feature of the above two factors is that they are not affected by the processes of globalization. The formation of national identity is important not only to the role of government, but also state-forming nation. Results. The analysis found that the largest transformational changes are subject to language, culture and economy that make up the framework of the national identity of any state. Therefore, at the highest level should be given to a system of measures and activities to institutionalize the influence of globalization processes and the development of protective mechanisms for the preservation of the most vulnerable places in the formation of national identity.

Strategic Aspects of Economic Security in the New Wave of Crisis

Introduction. This article formed the methodological approaches and the basis of the definition of economic security strategy for socio-economic systems, enterprises and organizations. Theoretical analysis. The basic directions of formation of economic security of business entities and the conditions of its implementation strategy, the necessity of inclusion in the strategy of economic security such an important component, as the property safety of enterprises and organizations. Empirical analysis. «Top» consider the practical cases to ensure the economic and property safety of functioning of industrial enterprises on the initiative. Results. It is proved that without respect for the enterprises action model, due to the need to ensure economic security, a new wave of crisis, they are waiting for a deterioration in the financial condition and missed opportunities.

Actuality of the Study of Economic Safety of the Enterprise in the Face of Global Economic Instability

Introduction. The theme of economic security is of increasing importance, the very dynamic, contradictory trends and developments in the modern world. Theoretical analysis. The problem of global economic security for our country. The global financial crisis raises the issue of the formation of a new concept of economic security that guarantees the independence of the country and its stability, improving the quality of life of the people, the development of science and technology. The purpose of the article is to analyze the national economic security at all levels of management, and pay particular attention to the economic security of business activity, as the stability of the State’s economic development depends on the economic security of every enterprise. It is crucially important to reveal the essence of the problem and related issues, to identify real threats to offer reliable and efficient methods of solving them. Results. Identified the essence and structure of economic security. Investigated the institutional aspects of economic security at all levels of management. Identifies internal and external threats to economic security, entrepreneurial activity and suggest ways of overcoming them. You must create a discussion platform to discuss issues of economic security of Russia, which in turn will not only identify problems but also to find a way out of them.

Innovative Development of the Saratov Region: the Arguments «Pro» and «Contra»

Introduction. The article proposes to consider innovation not only as a factor of economic development, as well as a tool to resolve difficult conflicts and overcome the limitations that can not be overcome by other means. Theoretical analysis. In the process of development of economic systems they formed conservative structures that this development is stopped. The paper put forward the hypothesis that such contradictions are not solved structures of the economic system. And they themselves contradictions and limitations arising from them can be overcome only through external innovation. Empirical analysis. Through the prism of the proposed model of the innovation process is considered the economic evolution of the Saratov region. By bringing the various arguments given assessment of the innovation process in the Saratov region at the present stage. Results. It is concluded that the formation of the economic system in the Saratov region of the complex insoluble contradictions: the branch structure of the deformation, the uncertain position of the region in the nationwide system of division of labor, the lack of public resources, the unattractiveness of the region for investors, low quality of regional management. According to the authors, the resolution of conflicts and overcoming the limitations posed by them is only possible at the expense of external innovation.

Cooperation between Business and Government in the Development and Implementation of Targeted Programs

Introduction. Within this article practice of interaction of the power and business during the developing and implementation of federal target programs by means of which priorities of social and economic development of the country are reached is considered. Target programs are one of the most important tools of the solution of social and economic tasks in the state. Theoretical analysis. Program and target approach is used both in a state administration, and in business planning. In a state administration it is used when developing comprehensive target programs, long-term and medium-term plans. The concept «target program» was used in the Soviet economy under the name «target comprehensive program» which represented initial category of program and target planning and management. In budget planning of the Russian Federation program and target approach began to be applied actively, since 2000. Now the target program is understood as system of the actions directed on the solution of definite purposes and tasks in established periods and with the established resource providing for achievement of certain indicators by performers of the program, and considering interests of all parties interested in implementation of the program. Results. Need of use of Territory Development Corporations at implementation of target programs is proved. Measures for coordination of interaction of Territory Development Corporations with authorities during the developing and implementation of target programs are offered.

Institutional Тransformation of the Underground Economy

Introduction. The underground economy as an economic system is investigated in the article. According to some estimates, the underground economy volume in Russia amounts to 46% of GDP. The purpose of a scientific article is to study the institutional mechanism of transformation of the underground economy system.

Theoretical analysis. The author explores the systemic signs of the underground economy, among which there are: integrity, openness, adaptability, reproducibility, structure, and hierarchy. The structure of the underground economy, including three sectors: socially dangerous (criminal) forms of the underground economy; various forms of opportunistic behavior of economic agents and socio-benign forms of underground activities (e.g., home economy), is examined. The main and derivative contradictions of underground economy are revealed. The institutional mechanism of transformation of the underground economy is studied; its options and contradictions are considered. The author analyzed two directions of transformation of the underground economy: restriction (liquidation) of socially dangerous forms and legalization (legitimisation) the most «healthy» elements.

The author makes a conclusion about the necessity of state strategy of institutional transformation of the underground economy. The principles and objectives of institutionalization of the underground economy system in Russia at the present stage are defined.