Research of the Main Problems of State Regulation of Foreign Economic Activity in the Context of Digital Transformation of Management Processes
Abstract
Relevance. Foreign economic activity is important for the development of the national economy, especially in the context of the expansion of the world economy and the deepening of the processes of globalization. In this regard, each state regulates foreign economic activity, forming an appropriate system for specific purposes. However, despite the generally accepted and practically based methods and tools, the participation of countries in foreign economic activity is significantly different, and the main results can be used to form a judgment about the efficiency of the system of state regulation of foreign economic activity.
The purpose of the work is to study the main problems of state regulation of foreign economic activity in Russia in the context of digital transformation of management processes.
Objectives: analysis of the dynamics of foreign trade in Russia, study of the dynamics of foreign direct investment in and out of the Russian economy, identification of the main problems of the system of state regulation of foreign economic activity, analysis of the prospects for expanding the digitalization of the functioning of the system of state regulation of foreign economic activity.
Methodology. Methods of comparative and statistical analysis, induction and deduction were used as research methods.
Results. Based on the above, the work analyzes the dynamics of Russia's foreign trade and its structure, and studies the state of the investment climate. It was revealed, with a positive balance of foreign trade, a bias towards the export of raw materials and its low diversification, and the import of highly processed goods. As part of the analysis of attracting foreign investment, the predominance of outflow over inflow was noted, and as counterparties, mainly offshore jurisdictions. As a result, the main problems of the system of state regulation of foreign economic activity have been identified. The dynamics of the Doing Business rating, which determines the conditions for doing business in a particular country, has been investigated, and a positive trend has been revealed, but the value of the indicator does not correspond to that previously declared as a benchmark.
Conclusion. It is necessary to expand the process of digitalization of the system of state regulation of foreign economic activity in the imperative of developing conditions for the most favorable conditions for foreign economic activity participants, while respecting national interests. In the current conditions, it is necessary to speed up the process both at the national and supranational levels, i.e. Eurasian Economic Union. Of primary importance is the expansion of digital interaction between the customs and tax authorities of Russia in order to ensure the macroeconomic and socio-political stability of the state by increasing the collection rate of mandatory payments and reducing the share of the shadow sector, incl. by developing a mechanism for digital traceability of goods in value chains.
About the Authors
O. G. TimofeevaRussian Federation
Olga G. Timofeeva, Candidate of Economic Sciences, Associate Professor of the Department of International Relations and Public Administration
Researcher ID: R-1204-2017
50 Let Oktyabrya str. 94, Kursk 305040
V. V. Kowarda
Russian Federation
Vladimir V. Kovarda, Candidate of Economic Sciences, Associate Professor of the Department of Customs and the World Economy
50 Let Oktyabrya str. 94, Kursk 305040
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Review
For citations:
Timofeeva O.G., Kowarda V.V. Research of the Main Problems of State Regulation of Foreign Economic Activity in the Context of Digital Transformation of Management Processes. Proceedings of the Southwest State University. Series: Economics. Sociology. Management. 2021;11(2):61-74. (In Russ.)