ZAKHARCHENKO D.V.
PhD, Postdoctoral student, Rostov State University of Economics (RSUE), Rostov-on-Don

TERRA ECONOMICUS, 2013, Vol. 11 (no. 4.3),

p. 69-73

The article considers factors of formation of the “new economy” which changes a model of competitiveness of modern companies of secondary industry on a basis of marketing manage-ment. The article also reveals some instruments connected with ensuring support of the industry in the conditions of slow-down of the economic growth. The system of marketing management is connected with innovative model of business development in the tideway of investment and fi-nancial component of growth considered as a factor of ensuring competitiveness of the Russian industry.

KRIVOROTOVA N.F.
PhD, Associate Professor, Department of Economics World Economy, The North Caucasus Federal University, Stavropol

TERRA ECONOMICUS, 2013, Vol. 11 (no. 4.3),

p. 65-68

The paper reviews the studies on monetary policy carried out in emerging market countries. The author compares different point of views on main principles of monetary policy and stresses the advantages and obstacles of inflation targeting poli-cy as well as alternative methods of monetary control in emerging market countries.

ZHIGALO E.A.
Graduate student of the Faculty of Economics, Southern Federal University, Rostov-on-Don

TERRA ECONOMICUS, 2013, Vol. 11 (no. 4.3),

p. 59-64

Providing cost-effectively meet the needs of citizens for public goods is one of the main functions of the state. Optimization of the structure of public goods, resource support their production and distribution of the burden of funding is a difficult task. However, it lends itself to objective and exhaustive definition in economics. At the same time the demands of citizens to the state generally directed to the use of his powers, not only to organize collective action to create public goods. The State has also equitable distribution and redistribution of income. Category justice is more psychological in nature, not economic. However, quite a number of economists have devoted their research works in this category and considered it in the context of improving the welfare of society (so-called «wel-fare economics»).

GORBUNOV A.P.
PhD, Professor, Pyatigorsk State Linguistic University, Pyatigorsk

TERRA ECONOMICUS, 2013, Vol. 11 (no. 4.3),

p. 55-58

Emerging in the foreseeable period of «knowledge economy» requires scientific forecasting changes in the functions of universities instruments of their impact in the conditions of global innovation system overhaul of social production. The result will be possible to create targeted programs at the level of the economic policy of the state to ensure the accelerated development of the national economy of knowledge and the realization of its true potential.

AKSENOV V.V.
Graduate student of Federal State Budgetary Educational Institution of Higher Professional Education, Rostov State Transport University, Rostov-on-Don

RAGOVIK L.V.
Graduate student of Federal State Budgetary Educational Institution of Higher Professional Education, Rostov State Transport University, Rostov-on-Don

SELIVANOVA A.G.
PhD, Associate Professor, Federal State Budgetary Educational Institution of Higher Professional Education, Rostov State Transport University, Rostov-on-Don

TERRA ECONOMICUS, 2013, Vol. 11 (no. 4.3),

p. 50-54

The article considers the stages of formation of modern industrial policy in the conditions of economy slowdown and a decline in Russian ruble as well as some instruments and methods of management of the large-scale industrial enterprises, forming the base for stable development of the Russian industry. The article also covers some measure of the state support and tax incentives of long-term development. The model of post-crisis growth of globalizing economy is not steady yet, therefore only limited number of actors of the European Union countries seeks to expand its production for ensuring competitive positioning on new segments of the market.

BADOEV S.H.
Postgraduate of economics and business, North Ossetian State University, Vladikavkaz

TERRA ECONOMICUS, 2013, Vol. 11 (no. 4.3),

p. 47-49

The article analyzes the objective tendencies of the modern economic system, acquiring social-oriented and innovative. The system of economic trends occupy a special place short-term trends that may be pivotal for the global economy, realizing the imperatives of long-term trends.

BULANKINA N.N.
Senior Lecturer, Department of Economics, Postgraduate Belgorod University of Cooperation, Economics and Law, Stavropol Institute of Cooperatives (branch), Stavropol

MESHCHERIAKOVA L.A.
Vice director for scientific work, Doctor of Science, Professor, Belgorod University of Cooperation, Economics and Law, Stavropol Institute of Cooperatives (branch), Stavropol

TERRA ECONOMICUS, 2013, Vol. 11 (no. 4.3),

p. 43-46

Incentive and motivation in the labor behavior is not always consistent among themselves, introducing the two systems of exposure of an employee. Passing through the mind and consciousness of people, incentives are converted them and become motivated behavior and motivation is the process of revitalization of the motives for using various incentives to encourage the employee to certain actions. Incentives are largely associated with the use of the organization's profits and the possibility of its presence in the system of motivation and stimulation of labour as an incentive, the growth of wage levels and social incentives, etc. Development of labour relations involves the use of more complex motivations of labour, the essence of which consists in the influence of incentives on the whole spectrum of interests of the employee, the main personal interest which is to receive the income from work in order to satisfy their own interests.

SHAFIROV L.A.
Candidate of Sociology (PhD), MBA (St. Gallen University), Executive DBA Candidate at the Financial University under the Government of the Russian Federation, Executive PhD Candidate at SKEMA Business School (Lille, France)

OGANESYAN А.А.
Candidate of Economics (PhD), Principal Researcher, Southern Federal University, Rostov-on-Don

TERRA ECONOMICUS, 2013, Vol. 11 (no. 4.3),

p. 27-42

Consumer lending market performance largely depends on institutional conditions that guide main tendencies related to its evolution. Study of the borrowers’ behavior considered as a part of more general consumer behavior, needs to emphasize rather embedded patterns influencing it, than price and non-price terms of consumer loans. Interactions between lenders lacking for a supply of the socially oriented loan products, with borrowers highly demanding for a wide range of non-purpose, short-term, unsecured loan products result both in over-indebtedness of households and negative long-term externalities for local and regional socio-economic development. This, in turn, can cause high risks for the whole national economy. To improve the situation, an active policy aimed at endogenous institutional change in lending/borrowing patterns is supposed to be implemented. Consumer loans contributing to local and regional socio-economic development are to be used as a basis for appropriate policy measures construction. To ease an economic plight and prevent over-indebtedness of households is the long-term priority at that. Possible measures to be implemented imply elaboration of ways and methods to correct and harmonize interactions between the agents of the Russian consumer lending market within the institutionalized rationality framework. Habitualization of rational lending/borrowing practices, as a part of such institutional policy, would promote transformation of credit resources into the source of local socio-economic development. Being popularized and reproduced, advantages of best practices of rational lending are considered as the mechanisms of persuasion for the neighbor households.

VOLCHIK V.V.
Doctor of economics (DSc), Professor, Southern Federal University, Rostov-on-Don

KRIVOSHEEVA-MEDYANTSEVA D.D.
Bachelor in economics, Master student, Southern Federal University, Rostov-on-Don

TERRA ECONOMICUS, 2013, Vol. 11 (no. 4.3),

p. 18-26

In this paper, the process of modernization is considered in the context of institutional change which is generated by special interest groups. We have made an attempt to analyze the institutional change in the Russian economy synthesizing original and new methodologies of institutional economics. A great deal of attention has been paid to the concepts of social values, interest groups, social capital and trust. We assume that the hurdles to modernization are institutional underdevelopment, the deficit of trust, the influence of special interest groups and ceremonial dominance. The degree to which the ceremonial values of the community inhibit various economic processes as well as the quality and quantity of social capital determine the opportunities for economic development of the country. Furthermore, the problems of values formation in the realm of education have been addressed in the article.

BELOUSOV V.M.
Doctor of Science, the head of the Department of Economy and Regional Management, Institute for Retraining and Advanced Teaching in Humanities and Social Sciences of Southern Federal University, Rostov-on-Don

LUBSKY A.V.
Doctor of Science, the professor of the Department of Sociology, Political Science and Law, Institute for Retraining and Advanced Teaching in Humanities and Social Sciences of Southern Federal University, Rostov-on-Don

TERRA ECONOMICUS, 2013, Vol. 11 (no. 4.3),

p. 10-17

In the article geoeconomics is considered in the framework of geospatial approach as a geoeconomic reality and scientific discipline. The peculiarities of geoeconomic paradigm of scientific research and particularity of its state-centrist and economic-centrist models are also disclosed. The Russian scientific diskruse developed different ideas about geekonomicheskoy research paradigm. Some scientists, focusing on the Western scientific tradition, considering geo-economics as the latest form of geopolitics and offer statist (gosudarstvotsentristskuyu) model geo paradigm. Other researchers believe that the post-industrial era of geopolitics and geo-economics absorbs offer antietatistskuyu (ekonomikotsentristskuyu) model of geo-economic paradigm.