This approach is the basis of the idea proposed by the President of the Russian Federation to form the Greater Eurasian Partnership (GEP). A partnership, if implemented according to its original design, shuns the “suzerain-vassal” philosophy of escalation and oppositions with the system of international economic relations built in this spirit; it is initially guided by the premise of the possibility of harmonious coexistence, and in economic terms – about the participation of partners in economic growth without prejudice to each other’s interests. Of course, the classical ideas about the limits of the division of labour within the framework of emerging technological trajectories and, more broadly, technological zones are not an anachronism, but the practical tools of the GEP are not aimed at confrontation and redistribution of spheres of influence, but at how to create a trusting atmosphere of cooperation in Eurasia by purely economic means, search for and find consensus even where the interests of, say, the EAEU and the Regional Comprehensive Economic Partnership diverge. In other words, the GEP is a universal assembly model with a clear concept, strategy, and defined long-term priorities. It sets clear guidelines and makes it possible to formulate and refine national development strategies. For Russia, this is the program of advanced development proposed by the academic community (and widely reviewed by expert circles) on the basis of the accelerated development of industries of a new technological paradigm and the formation of institutions of a new world economic paradigm “Social Justice and economic growth”.…
In the context of the emerging Integrated world economic paradigm, based on integration processes that unite different nations in networked unions — the EAEU, the EU, ASEAN, MERCOSUR, etc. – we need to set clear, super-intensive, but balanced and feasible goals that correspond to the main trends of the 21st century, and develop algorithms for achieving them. Based on the external background undergoing dynamic changes (replacement of technological and world economic structures, coupled with the need for internal restructuring according to the mobilisation scenario), the goals of long-term economic development are formulated as follows:Sergey Glazyev is emerging as the main architect of the new Russian economic philosophy and policy to replace the Western neoliberal model that Russia had been following but it now ruled out by Russian's exclusion from the club. Another favor to Russia. It would be difficult to impossible to do this otherwise.
StalkerZone March 18, 2022
The Economics of the Russian Victory
Sergey Glazyev
The Economics of the Russian Victory
Sergey Glazyev
https://www.stalkerzone.org/the-economics-of-the-russian-victory/
Also
April 10, 2022
https://www.stalkerzone.org/sergey-glazyev-the-results-of-american-aggression-that-are-positive-for-russia/
3 comments:
"Sergey Glazyev is emerging as the main architect of the new Russian economic philosophy"
He also talks absolute rot when it comes to international trade.
Completely clueless resurrection of the "International Currency Unit".
"proposals are substantiated for the transition to a policy of advanced development of our economy based on a new technological order through the creation of institutions of a new world economic order."
'With a big fat well paid job for me as head of an international central bank thingy that will fall over in exactly the same way as Bretton Woods because it still doesn't solve the problem of getting surplus countries to spend their loot. All the appeals to Stablecoins, dApps and other technological BS sound impressive to the weak of mind, but they just move the problem rather than eliminating it'.
Neil, I would be interested in hearing your ideas about addressing "the problem of getting surplus countries to spend their loot."
There is a problem with external surpluses to the degree that the surplus country is giving up real resources, including labor, for credits, which is a real benefit for the deficit country in terms of "stuff," but also a loss of domestic employment and possible technology sharing, too. So balanced trade would be more desirable.
But if countries choose to save their positive external balance, how can that be addressed through the monetary system? Obviously a first step is to end incentives to do this by ending interest payments on these savings, which isn't exactly loot since they are giving up real resources for digital credits on a central bank spreadsheet. That is a real cost to them until they use the credits.
Do you see anything else that can be used to address this by increasing the trend toward balanced trade?
Thanks in advance.
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