Page 82 - Azerbaijan State University of Economics

T.A.Ivanovich: State-legal regulation in Russia. How can it be evaluated?

integration of Russian economy into the global trade system, improvement of business and

entrepreneurial climate and perspectives of Russian companies in the world globalized market,
the role of the state and its regulators in the solving these questions and “ output” to global

standards of state-legal regulation of sustainable development of the country.
There was huge quantity of participators on the Forum – more than 3500 visitors and more

than 250 experts from 38 countries. The main participators were the Prime Minister of the
Russian Federation D.A. Medvedev and Finance Minister A. Siluanov, Vice Premier I.

Shuvalov, A. Kudrin, A. Ulukaev, P. Aven, winner of the Nobel Prize in Economics (1999),

Robert Mundell, a professor of economics of Harvard University, Neil Ferguson, vice-president
of the World Bank Otaviano Canuto, the finance ministers of Bulgaria, India and Belarus,

representatives of other international organizations. It was repeatedly emphasized at the plenary

meetings that the Russian Federation has all necessary presupposition and conditions for
sustainable development. And Russia has some higher indicators than developing and even

industrial countries. All performances showed that Russia has successful advance on “thorny
road” of market reforms, has seven challenges that must be solved by the Russian Government

(D.A. Medvedev), also Russia must improve control of financial institutes (A.Siluanov), increase
the investment reputation (A.Ulukaev), search new solving and ideas for coordination of

macroeconomic politics (A.Kudrin), seriously learn and use international standards of WTO to

become a competitive country in the globalized world space (G. Gref).
The general director of WTO Pascal Lamy told about sureness of WTO members that Russian

joining to the model of global economic development allows saving development potential. As
concerns to the opinion of professor of G.Meison University (Washington) Jack Goldstoun, real

global economic and technological development models are exhausted and now they need to find
new, more universal and effective models. The general referent of the Organization of economic

cooperation and development Anhel Gurria considers that we are waiting for new opportunities in

technology, organization, geo-economic and geo-political spheres, configuration of global currency.
The main idea of the Forum was requirement of the Russian Federation and world

community in increasing and improvement state regulation performance of socio-economic

development is the interest of the whole community and its every member. Opening the Forum,
the rector of the Russian presidential academy of national economy and public administration

V.A. Mau said: “New models of economic regulation arise after every great crisis, nation and

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