Some Aspects of the Russian Market Balanced Growth in External Market Relations
- DOI
- 10.2991/assehr.k.200316.280How to use a DOI?
- Keywords
- currency, monetary assets, currency exchange rate, exchange balance, account balance (balance of payments), national interests, Russian school of economic thought
- Abstract
The rationale of this article is determined by the current difficulties in the Russian Federation’s foreign policy within the scope of global economics and the demand for fundamental changes in the external market relations. The subject of this article is the principles applied to the external market relations. The purpose of the current study is to substantiate the need to conduct global economic activities based on the principles that, being implemented, would support the balanced market growth in this area. So, multipolarity of global economics must imply using the currency of not just many countries but of all countries participating in the global economic activities, for the purposes of settlements in external market relations. The article relates on such scientific research principles as integrated analysis and synthesis, deduction and induction, integrated sequence and some other methods. As a result, the article offers a conclusion stating that, in order to provide the balanced growth for the Russian market, it is essential to maintain the balanced currency balance and the balanced account balance (balance of payments); besides, the national currency exchange rate must be defined not by accidental “market forces” but by an agreement between partnering countries concluded for a certain period of time.
- Copyright
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Yury Anatolievich Kropin PY - 2020 DA - 2020/03/19 TI - Some Aspects of the Russian Market Balanced Growth in External Market Relations BT - Proceedings of the 4th International Conference on Culture, Education and Economic Development of Modern Society (ICCESE 2020) PB - Atlantis Press SP - 1285 EP - 1288 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.200316.280 DO - 10.2991/assehr.k.200316.280 ID - Kropin2020 ER -