«Madе in the USA»: American Experience in Stimulating the Economy

Revenko, Lilia; Revenko, Nikolay S.

doi:10.31857/s032120680006295-8

Cited by 2 publications

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“…This forced the Indian People's Party, which won elections in 2014, to reappraise the country's economic development strategy and to abandon the five-year plans. 1 Prime Minister N. Modi launched in September 2014 the "Make in India" programme aimed at transforming India into a world production and design center. In doing so, he promised to create a world-class infrastructure that India needs to accelerate growth and meet people's vital needs.…”

Section: "Make In India" Programme: Goals and Measures Takenmentioning

confidence: 99%

“…The choice of these tools depends on the approach taken by the government. In the United States, for example, federal procurements are required to maximize the use of materials produced in the country, including manufactured goods, components of manufactured goods, steel, iron, aluminum, cement and other materials [1]. Chinese authorities allocate substantial financial resources to support ten strategic sectors of national economy and provide tax allowance.…”

Section: Introductionmentioning

confidence: 99%

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Government Support for India’s Real Economy

Revenko¹,

Revenko²

2019

Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism:

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The article analyzes the policy of the Indian Government aimed at boosting national production and export by stimulating the FDI inflow attractiveness. To this end, the authorities removed restrictions on national and foreign investments to many sectors of the national economy and improved business climate in country. These measures have resulted in significant FDI inflows in services, computer software and hardware development, telecommunications, automotive, power and chemical industries, construction development, trading, port and railways infrastructure, oil refining and storage. The achievements were negatively affected by the shortage of skilled professionals and brain drain, lack of electricity, underdeveloped infrastructure, complicated legislation, government's unwillingness to resort to drastic measures, increased risk of labor conflicts, and other factors.

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Section: "Make In India" Programme: Goals and Measures Takenmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Government Support for India’s Real Economy

Revenko¹,

Revenko²

2019

Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism:

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Features of the Modern Protectionism of the US and the EU towards Russia

Sidorov

2022

Vestnik MGIMO-universiteta

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The article examines the current trends and features of US and EU protectionism towards Russia, its possible consequences and ways of response. Protectionism has been increasing since 2020, which is manifested in the intensification of the use of existing instruments and the development of the new ones.The article analyzes possible consequences of the spike in countervailing investigations by the US against Russia. The author highlights possible application of similar restrictive measures by other partners as an additional risk. An unprecedented event is the US Department of Commerce review of Russia’s status as a market economy country for purposes of antidumping duty investigations. Non-market economy status expands the capabilities of the US to “overcount” dumping and impose duties, thus impeding the activity of Russian companies on foreign markets. The US acknowledged for now that there does not exist a sufficient degree of evidence to justify a change in Russia’s market economy designation, nevertheless, one cannot rule out such attempts in the future.In the EU context, the practice of energy adjustments, which results in overstated production costs, normal value and anti-dumping duties for Russian goods, is continued. A new protectionist step is the publication of the report “On significant distortions in the economy of the Russian Federation for the purposes of trade defence investigations”, which lays an additional basis for the continuation and strengthening of restrictive measures. The article analyzes a new instrument of environmental protectionism, the EU’s carbon border adjustment mechanism, a levy on imported products based on the embedded CO2 emissions. The measure will affect important positions of the Russian exports – cement, electricity, fertilizers, iron & steel and aluminum. The mechanism can be considered an attempt to make up for the EU’s lack of natural competitive advantages in mineral raw materials and to impose its vision of economic policy goals on the rest of the world.In conclusion, the author highlights features of American and European protectionism towards Russia – active employment of the role of the state in the economy factor as well as environmental factor as pretexts for introducing or tightening restrictive measures.The main ways of Russia’s response to new challenges can be the use of the WTO platform in cooperation with other countries, the search for new economic levers in relations with the partners (including application of trade defence measures), the detection of possible market distortions in the EU and the US for possible use in EAEU investigations.

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«Madе in the USA»: American Experience in Stimulating the Economy

Cited by 2 publications

References 0 publications

Government Support for India’s Real Economy

Government Support for India’s Real Economy

Features of the Modern Protectionism of the US and the EU towards Russia

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