The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 1/2025.  World Economy. 

Viktor P. Klavdienko

Dr. Sci. (Econ.), Associate Professor, Leading Researcher, Faculty of Economics, Lomonosov Moscow State University, Moscow, Russia

ORCID: 0000-0001-5929-2755

 

STRUCTURAL CHANGES IN PRIMARY ENERGY CONSUMPTION AS A FACTOR IN DECARBONIZATION OF THE GLOBAL ENERGY

Размер файла129-151 Размер файла  415.98 KB Размер файла Full text

The analysis of the scale and dynamics of consumption of various types of primary energy sources in the global economy over a long-term period is carried out. The volumes and dynamics of carbon dioxide emissions generated as a result of consumption of various types of primary energy sources are studied. The influence of changes in the scale of consumption of various types of resources, their specific carbon intensity, as well as structural shifts in the global economic consumption of primary energy resources on the volume of carbon dioxide emissions into the atmosphere is considered and quantified. The prospects for the transformation of the global structure of primary energy consumption are presented in the context of the global climate agenda and forecast scenarios for the development of global energy.

Keywords: energy consumption, structural changes, decarbonization, global economy, sustainable development.

JEL: F01, F63, Q48, Q52

EDN: NEEHKY

DOI: https://doi.org/10.52180/2073-6487_2025_1_129_151

References

  1. Vetrova M.A. CCUS-technologies: potential and Limitations of the Formation of the CO2 Captures, Storage and Use Sector in the Russian Federation // Innovation. 2022. No. 5. Рp. 16–25. DOI: 10.26310/2071-3010.2022.284.5.003. (In Russ.).
  2. Iktisanov V., Shkrudnev F. Decarbonization: outside view // Energy Policy. 2021. No. 8. Рp. 42–52. (In Russ.).
  3. Klavdienko V.P. Renewable energy in China: Trends, Innovations, Prospects // Bulletin of the Institute of Economics of the Russian Academy of Sciences. 2023. No. 4. Pp. 134–156. DOI: 10.52180/2073-6487_ 2023_ 4_134 _156; EDN: MSKMFO. (In Russ.).
  4. Kodaneva S. Global Trends in the Transition to a Carbon-free Economy // Outlines of Global Transformations: politics, economics, law. 2022. Vol. 15. No. 1. Рp. 167–185. DOI: 10.23932/2542-0240-2022-15-1-8. (In Russ.).
  5. Kolb O., Wang Qiang. 2023. Energy Consumption in China: Dynamics, Main Drivers and Consequences // Belarusian Economic Journal. 2023. 4. Рp. 44–60. DOI: 10.46782/1818-4510-2023-4-44-60. (In Russ.).
  6. Kulagin V., Grushevenko D., Galkina A. (2024), Global and Russian Energy Outlook up to 2050 //Contemporary world economy. Vol. 2. No. 1. Рp. 6–22. DOI: 10.17323/2949-5776-2024-2-1-6-22. (In Russ.).
  7. Markelov K., Zvolinskij V. Polovych S. International Energy and Economy in the Context of the Globalization // The Caspian Region: Politics, Economics, Culture. Iss. 2014. No. 3. Рp. 145–155. (In Russ.).
  8. Kim J., Panton A. J., Schwerhoff G. Energy Security and the Green Transition // IMF. Jan. 2024. Р. 34.
  9. Rauf A., Zhang J., Li J., Amin W. Structural Changes, Energy Consumption and Carbon Emission in China // Structural change and Economic Dynamics. 2018. December. Vol. 47. Рp. 194–206. DOI: 10.1016/j.strueco.2018.08.010.
  10. Sobolewski A., Czaplicki A. CO2 emission- civilization`s progress or investment inhibiting factor // Chemik. 2013. Vol. 67. No. 5. Рp. 387–398.
  11. Tol R. The economic effects of climate change // Journal of economic perspectives. 2009. Vol. 23. No. 2. Рp. 29–51. DOI: 10.1257/jep.23.2.29.
  12. Zhang X., Cheng X.-M. Energy Consumption, Сarbon Emissions and Economic Growth in China // Ecological Economics. 2009. Vol. 68. Iss. 10. Рp. 2706–2712. DOI: 10.1016/j.ecolecon.2009.05.011.

Manuscript submission date: 09.01.2025

 

For citation:

Klavdienko V.P. Structural changes in primary energy consumption as a factor in decarbonization of the global energy // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2025. № 1. Pp. 129-151. (In Russ.). https://doi.org/10.52180/2073-6487_2025_1_129_151 EDN: NEEHKY

  Creative Commons 4.0

The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 1/2025.  World Economy. 

Boris A. Kheyfets

Dr. Sci. (Econ.), Professor, Chief Researcher, Center for Post-Soviet Studies, Institute of Economics of the Russian Academy of Sciences, Moscow, Russia

ORCID: 0000-0002-6009-434X

 

Veronika Yu. Chernova

Dr. Sci. (Econ.), Leading Researcher, Center for Post-Soviet Studies, Institute of Economics of the Russian Academy of Sciences, Moscow, Russia

ORCID: 0000-0001-5951-9091

 

GEOPOLITICAL FRAGMENTATION AND FOOD SECURITY

Размер файла106-128 Размер файла  673.76 KB Размер файла Full text

The article examines the features of geopolitical fragmentation in the agri-food sector. Geopolitical events and armed conflicts, accompanied by the widespread use of economic sanctions and the growth of protectionist policies in international trade have a particularly strong impact on the agri-food sector and food security. Due to the low elasticity of supply and demand, as well as the high concentration of production and sources of food exports, raw agricultural products and, above all, grain, in the world markets of which Russia occupies leading positions, are highly susceptible to geopolitical risks. It is shown that Russia, in the context of geopolitical fragmentation, can strengthen its position in regional food markets. The main risks to the sustainability and stability of Russia’s food security due to the concentration of agricultural export destinations are identified. It is noted that India and the countries of Southeast Asia, which are expected to experience growth in food consumption in the next decade, offer new opportunities for the development of Russian agricultural exports with high untapped potential. In order to minimize the risks of excessive concentration of export directions, Russia needs to develop a balanced strategy that will allow developing exports without jeopardizing the domestic market.

Keywords: geopolitical fragmentation, geopolitical tension, agri-food sector, sanctions policy, food security, agricultural exports.

JEL: F01, F60, Q17

EDN: LSCPKL

DOI: https://doi.org/10.52180/2073-6487_2025_1_106_128

References

  1. Global Report оn Food Crises 2024. FSIN and Global Network Against Food Crises // GRFC. Rome, 2024.
  2. Dai Y.S., Dai P.F., Zhou W.X. 2024. The impact of geopolitical risk on the international agricultural market: Empirical analysis based on the GJR-GARCH-MIDAS model // Papers 2404.01641, arXiv.org. https://arxiv.org/pdf/2404.01641.
  3. Brugora A. How Fragmentation Is Threatening the Globalized Economy // Italian Institute for International Studies. 2023. https://www.ispionline.it/ en/publication/howfragmentation-is-threatening-the-globalized-economy-137971.
  4. Alvarez J., Andaloussi М.В., Stuermer М. Geoeconomic Fragmentation Threatens Food Security and Clean Energy Transition // IMF. 2023. https://www.imf.org/en/Blogs/ Articles/2023/10/03/geoeconomic-fragmentation-threatens-food-security-and-cleanenergy-transition.
  5. Norring A. Geoeconomic fragmentation, globalization, and multilateralism // BoF Economics Review. No. 2/2024. Bank of Finland. Helsinki. https://nbn-resolving.de/urn:nbn:fi-fe2024031811700.
  6. Bolhuis A., Chen M.J., Kett В. Fragmentation in Global Trade: Accounting for Commodities // IMF Working Paper, No. WP 23/73. 2023.
  7. Implications of the war in Ukraine for the global economy // Washington, DC: World Bank. 2023.
  8. The importance of Ukraine and the Russian Federation for global agricultural markets and the risks associated with the current conflict // Food and Agriculture Organization, 2022.
  9. Masoura М. The Fragile Link: Supply Chain Disruptions and Global Food Security // Food Science and Technology. 2024. No. 38. Issue 3. Pp. 36–39. https://ifst.onlinelibrary. wiley.com/doi/10.1002/fsat.3803_9.x
  10. Polat О., Basar В., Torun Е. et al. Dynamic interlinkages between geopolitical stress and agricultural commodity market: Novel findings in the wake of the Russian Ukrainian conflict // Borsa Istanbul Review. 2023. 23-S1. S74–S83. https://www.sciencedirect.com/ science/article/pii/S2214845023000686
  11. Hudecová K., Rajčániová M. The impact of geopolitical risk on agricultural commodity prices //Agric. Econ. Czech. 2023. No. 69(4). Pp. 129–139. https://agricecon. agriculturejournals.cz/pdfs/age/2023/04/02.pdf
  12. Aizenman J., Lindahl R., Stenvall D., Uddin G. S. Geopolitical Shocks аnd Commodity Market Dynamics: New Evidence From The Russian-Ukraine Conflict // European Journal of Political Economy. 2024. Vol. 85. 102574. https://www.sciencedirect.com/ science/article/pii/S0176268024000764.
  13. Eirini К., Siatis N., Zafeiriou Е. Resource Price Interconnections and the Impact of Geopolitical Shocks Using Granger Causality: A Case Study of Ukraine–Russia Unrest // JRFM, MDPI. 2024. Vol. 17(6). Рр. 1–20. https://www.mdpi.com/19118074/17/6/240/pdf.
  14. Korolev G.M. Development of the Russian mineral fertilizer industry during the sanctions period // Russian Foreign Economic Bulletin. 2024. No. 7. Pp. 122–134. DOI: 10.24412/2072-8042-2024-7-122-134. (In Russ.).
  15. Liu K., Fu Q. Does Geopolitical Risk Affect Agricultural Exports? Chinese Evidence from the Perspective of Agricultural Land // Land. 2024. No. 13(3). P. 371. https://www. mdpi.com/2073-445x/13/3/371
  16. Hunger Hotspots. FAO–WFP early warnings on acute food insecurity: June to October 2024 // WFP, FAO. 2024. DOI: 10.4060/cd0979en.
  17. Kheifets B.A., Chernova V.Yu. Adaptation of Agriculture to New Geopolitical Conditions // Studies on Russian Economic Development. 2024. 35(5). Pp. 725–732. https://ecfor.ru/wp-content/uploads/2024/09/adaptatsiya-rossijskogo-apk-k-novymgeopoliticheskim-realiyam.pdf. DOI: 10.1134/S1075700724700266. (In Russ.).
  18. OECD-FAO Agricultural Outlook 2024-2033 // OECD, FAO. 2024. DOI: 10.1787/4c5d2cfb-en.
  19. Development of the EAEU 2022+: Strategic Objectives and Requirements of the Time: Report No. 84/2023 / A.V. Tochin, T.M. Aliyev, E.S. Chimiris, A.E. Bezrukov, K.S. Kuzmichev, N.S. Pyzhikov, E.V. Stoyanova; edited b y E.O. Karpinskaya, Yu.Yu. Melnikova, A.P. Alexandrov, S.M. Gavrilova // Russian International Affairs Council (RIAC). 2023. (In Russ.).

Manuscript submission date: 27.12.2024

 

For citation:

Kheyfets B.A., Chernova V.Yu. Geopolitical fragmentation and food security // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2025. № 1. Pp. 106-128. (In Russ.). https://doi.org/10.52180/2073-6487_2025_1_106_128  EDN: LSCPKL

  Creative Commons 4.0

The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 4/2024.  World Economy and International Relations. 

Ren Yanyan

Assistant Researcher, China National Institute for SCO International Exchange and Judicial Cooperation, Shanghai University of Political Science and Law, Shanghai, China

 

Du Sisi

Master of International Law, Shanghai University of Political Science and Law, Shanghai, China

 

STUDY ON THE DISPUTE SETTLEMENT MECHANISM FOR INVESTMENT ARBITRATION IN MEMBER STATES OF SHANGHAI COOPERATION ORGANIZATION

Размер файла175-195 Размер файла  687.89 KB Размер файла Full text

Abstract

As investment interaction deepens and expands within the framework of the Shanghai Cooperation Organization (hereinafter referred to as the SCO), the number of investment disputes between states is growing, the significance of which has especially increased in recent years. In this article, the authors raise the question of which dispute resolution method should be used between SCO member states with a view to better ensure the interests of all parties and to further strengthen protections of investments. The authors mainly use methods of analysis of scientific literature and judicial practice to study the current problems faced by the SCO member states in the field of investment arbitration. In addition, the authors propose for the future various options for resolving investment disputes within the SCO with the aim of constantly improving the mechanism for resolving disputes and disagreements.

Keywords: SCO, investment disputes, investment arbitration, dispute resolution, promising methods of settlement.

JEL: F13, F15, F53

EDN: ZPVEAL

DOI: https://doi.org/10.52180/2073-6487_ 2024_4_175_195

References

  1. Yan Dexue. Economic Cooperation under the Shanghai Cooperation Organization: Achievements and Prospects // China International Studies. 2021. №3. Pp. 94–122. (In ).
  2. Qi Zhenhong. Shanghai Cooperation Organization: Looking back and looking forward (2001–2018) // Beijing, World Knowledge Press. 2018. Pp. 46–52. (In Сhin.).
  3. Zhang Zhengyi. Research on right relief guarantee mechanism of overseas energy investment // Law-press China. 2022. P. 125. (In Сhin.).
  4. Michael Frenkel, Benedikt Walter. Do bilateral investment treaties attract foreign direct investment? The role of international dispute settlement provisions // The World Economy. 2019. Vol. 42. No. 5. Pp. 1316–1342. (In ). DOI: 10.1111/twec.12743.
  5. Li Kuangran, Li Zhengtu.The first study of the legal mechanism for protecting foreign investments in energy in China – a study based on the SCO framework // Jianghuai Forum. 2021. No. 5. Pp. 141–147, 193. (In Chin.). DOI: 16064/j.cnki.cn34-1003/g0.2021.05.020.
  6. Lin Yi. The independent establishment of a multilateral investment dispute settlement mechanism within the SCO// Commercial Arbitration & Mediation. 2020. № 4. 28–44. (In Сhin.).
  7. Zhang Zhengyi, Gao Ludan, Wang Dan et al. Study on state-investor dispute settlement along the “Belt and Road” initiative. Shanghai: Shanghai Academy of Social Sciences Press. 2019. Pp. 9–54. (In Сhin.).
  8. Gong Bohua, Zhu Jiacheng. Problems with the international investment arbitration regime and proposals for reform // Collected issues of Shanghai Law Studies. 2019. 1 7. Pp. 105–113. (In Сhin.).
  9. Qi Tong. The utilization of international investment arbitration mechanisms by Chinese overseas investors // Oriental Law. 2014.№3. Pp. 89–96. (In Сhin.). DOI: 10.19404/j.cnki.dffx.2014.03.009.
  10. Kabir Duggal, GerritNiehoff. The Conflicting Landscape Relating to Costs in Investor-State Arbitration//Indian journal of arbitration law (Jodhpur, India). 2017. Vol. 5. No. 2. 164–176. (In Eng.).
  11. Deng Hao. New changes and responses of the Shanghai Cooperation Organization in the context of the Ukraine Crisis // Russian, East European & Central Asian Studies. 2023. №3. Pp. 1–19, 157. (In Сhin.). DOI: 20018/j.cnki.reecas.2023.03.001.
  12. Wang Junjie. On Legal Construction of Investment Dispute Settlement Mechanism under One Belt and One Road // Henan Social Science.2019. T. 27. № 4. Pp. 63-68. (In Сhin.).
  13. Andrey S. Golobokov. Various forms and mechanisms of Chinese-Russian cooperation in the energy sphere and the role of non-governmental structures // Pacific Science Review B: Humanities and Social Sciences. 2015. No. 1. Pp. 45–48. (In ). DOI: 10.1016/j.psrb.2016.01.002.
  14. Zhao Xiaojun, СaoYunsong. Function Development and Paradigm Construction of Bilateral Investment Treaties in BRI Construction // International Economic Review. 2021.№ 4. Pp. 115–137. (In Сhin.).
  15. Zhang Guang. Study on the protection of the public interest in the international investment law. Beijing: Law Press. 2019. Pp. 32–57. (In Сhin.).
  16. Tao Lifeng. The reform and development of investor-state dispute settlement mechanisms and China’s choices // Contemporary Law Review. 2019. T. 33. № 6. 37–49. (In Сhin.).
  17. Shi Jingxia, Dong Nuan. The Construction of Investor-State Dispute Settlement Mechanism under “The Belt and Road” Initiative // Wuhan University International Law Review. 2018. T. 2. No. 2. Pp. 1–24. (In Сhin.) DOI: 13871/b.cnki.whuilr.2018.02.001.
  18. Wang Haiying, Yi Shuling. A Regionalized Reform of the IIA Investment Arbitration Mechanism under the “One Belt and One Road” Initiative // Seeking Truth. 2021. T. 48. No. 1. Pp. 14–124. (In Сhin.). DOI: 10.19667/j.cnki.cn23-1070/c.2021.01.012.

Manuscript submission date: 16.04.2024 

For citation:

Ren Yanyan, Du Sisi. Study on the dispute settlement mechanism for investment arbitration in member states of Shanghai Cooperation Organization // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2024. № 4. Pp. 175-195. (In Russ.).  https://doi.org/10.52180/2073-6487_ 2024_4_175_195 EDN: ZPVEAL

  Creative Commons 4.0

The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 4/2024.  World Economy and International Relations. 

Andrey N. Liventsev

postgraduate student of the Department of International Economic Relations and Foreign Economic Relations named after N.N. Liventsev, Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation, Moscow, Russia

ORCID: 0000-0002-8297-5164

 

GLOBAL DYNAMICS OF SOCIALLY RESPONSIBLE INVESTMENT (SRI): ANALYSIS OF FACTORS MOTIVATING TNCS TO USE SRI STRATEGIES

Размер файла186-197 Размер файла  368.15 KB Размер файла Full text

The role and positions of TNCs in achieving sustainable development of the world economy are currently at the center of scientific discourse, but at the same time, the emergence of new factors affecting the world economy entails the need for an in-depth analysis of new directions in the activities of TNCs, which include socially responsible investment (SRI). The article considers the global dynamics of SRI volumes; factors motivating TNCs to apply SRI practices; factors influencing the dynamics of SRI in Russia; the advantages of SRI practices in the activities of TNCs.

Keywords: TNC, socially responsible investment, SRI, investments, bonds, motivating factors.

JEL: G11, O57, Q01

EDN: LHRLUV

DOI: https://doi.org/10.52180/2073-6487_2024_6_186_197

References

  1. Platonova I.N. International economic relations in the global economy: textbook for undergraduate and graduate programs. Series: Bachelor and Master. Academic course. : Yurait Publishing House, 2019. (In Russ.).
  2. Young economists on new trends in economic globalization / ed. by E. Brendeleva, M. Kozlova. M.: Aspect Press, 2023. EDN: ZHHXQU. (In Russ.).
  3. Smart Green Innovations in Industry 4.0 for Climate Change Risk Management / edited by Elena G. Popkova. Springer International Publishing. May 16, 2023 // Liventsev A.N. Current Trends in the ESG Bond Market. Рp. 645–657 DOI: 10.1007/978-3-031-28457-1_65. https://www.springerprofessional.de/en/currenttrends-in-the-esg-bond-market/25369684 (accessed: 01.10.2024).
  4. Bank of Russia. https://www.cbr.ru/statistics/macro_itm/sec_st/issue_sector (accessed: 01.10.2024). (In Russ.).
  5. Cbonds. https://cbonds.ru/?show_main (accessed: 01.10.2024).
  6. Climate Bonds Initiative. https://www.climatebonds.net (accessed: 01.10.2024).
  7. IIGCC. https://www.iigcc.org/news/iigcc-launches-bondholder-stewardship-workinggroup-to-promote-bondholder-influence-to-support-climate-action-and-steer-thetransition-to-net-zero (accessed: 01.10.2024). (In Russ.).
  8. Investing.com. https://ru.investing.com (accessed: 01.10. 2024). (In Russ.).

Manuscript submission date: 01.10.2024

 

For citation:

Liventsev A.N. Global dynamics of Socially Responsible Investment (SRI): analysis of factors motivating TNCs to use SRI strategies// Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2024. № 6. Pp. 186-197. (In Russ.). https://doi.org/10.52180/2073-6487_2024_6_186_197   EDN: LHRLUV

  Creative Commons 4.0

The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 4/2024.  World Economy and International Relations. 

Valeriya S. Minchichova

Cand. Sci. (Econ.), Associate Professor, Leading Researcher, Institute of Humanitarian Sciences and Social Engineering, Faculty of Social Sciences and Mass Communications; Associate Professor of the Department of International Business, Faculty of International Economic Relations, Financial University under the Government of the Russian Federation, Moscow, Russia

ORCID: 0000-0001-5838-659X

 

Mikhail P. Petrichenko

Dr. Sci. (Econ.), Associate Professor, Chief Researcher, Institute of Humanitarian Sciences and Social Engineering, Faculty of Social Sciences and Mass Communications, Financial University under the Government of the Russian Federation, Moscow, Russia

 

INSTRUMENTS AND APPROACHES TO IMPROVING FINANCIAL LITERACY AND FINANCIAL INCLUSION IN THE BRICS COUNTRIES

Размер файла159-174 Размер файла  444.45 KB Размер файла Full text

Abstract

The article presents the results of the analysis of the approaches to ensuring financial literacy and financial inclusion in the 2020s and the tools for its implementation in the five “old” BRICS countries. The focus of the efforts of such states as Brazil, China, and India on financial inclusion has been determined, while for the Republic of South Africa the basic financial skills of the population for the functioning of financial markets and the capital market are primary, and Russia, in turn, declares its goal is not only to instill the skills of correct and reasonable financial behavior, but to create the financial culture of all citizens. The key target groups of the population for financial education have been identified, among which are women entrepreneurs in India and the Republic of South Africa, entrepreneurs in Russia, and schoolchildren in China occupy an important place. The most important tools for improving financial literacy for each of the BRICS countries are highlighted, including the maintenance of unified state portals, educational programs at the state and corporate levels.

Keywords: financial literacy, financial inclusion, financially literate behavior, financial markets, BRICS, economic policy, international cooperation

JEL: Z13, E24, I22

EDN: XRTKXY

DOI: https://doi.org/10.52180/2073-6487_ 2024_4_159_174

References

  1. Medvedev I.V. The influence of deformation of supranational institutions on the integration of national economies // Bulletin of the Institute of Economics of the Russian Academy of Sciences. 2022. No. 2. Рp. 112–130. (In Russ.).
  2. Anita Dr. Financial Literacy in India: a Critical Review of Digitalization and Demonetization // International Journal of Economic Research. 2019.Vol. 16. № 2. Pр. 267–271.
  3. Bariquelli C. Financial education, an essential tool in the life of Brazilians. https://focus.world-exchanges.org/articles/financial-education-brazil (аpplication date: 08.06.24).
  4. Dixit N., Dixit G. A Review of Financial Literacy in India // Vidybharati International Interdisciplinary Research Journal. 2021. No. 12 (1). Pp. 303–305.
  5. Fielies H., Mbukanma I. Relationship between Financial literacy variables and materialism of millennials in a selected South Africa municipality // Journal of accounting and management. 2022. Vol. 12. No. 1. Pp. 172–188.
  6. Holzmann R. Bringing Financial Literacy and Education to Low and Middle Income Countries: The Need to Review, Adjust, and Extend Current Wisdom // IZA Discussion Paper No. 5114, Germany, Bonn. 2010. Pp. 1–24.
  7. Miao W., Liang M. Literature review on the financial literacy of Chinese residents[J]. Finance. 2022. No. 12 (2). Рp. 216–221. DOI: 10.12677/FIN.2022.122022.
  8. Oke O.O., Benedict O.H. A Literature Review of the Level of Financial Literacy in South Africa. In: Moloi T., George B. (eds.) Towards Digitally Transforming Accounting and Business Processes. ICAB 2024. Springer Proceedings in Business and Economics. Springer, Cham. DOI: 10.1007/978-3-031-46177-4_25.
  9. Peng C., She PW., Lin MK. Financial Literacy and Portfolio Diversity in China. 2022, J Fam Econ. 2022. Iss. 43. Рp. 452–465. DOI: 10.1007/s10834-021-09810-3.
  10. Ribeiro C.T. Agenda-setting in public policies: the strategy for financial education in Brazil through the lens of the multiple streams model // Cad. EBAPE.BR.Rio de Janeiro. 2020. Vol. 18. No. 3. Рp. 486–497. DOI: 10.1590/1679-395120190038x.

Manuscript submission date: 12.07.2024

For citation:

Minchichova V.S., Petrichenko M.P. Instruments and approaches to improving financial literacy and financial inclusion in the BRICS countries // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2024. № 4. Pp. 159-174. (In Russ.).  https://doi.org/10.52180/2073-6487_ 2024_4_159_174 EDN: XRTKXY

  Creative Commons 4.0

© Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk, 2021 - 2024

32, Nakhimovskiy Prospekt, Moscow, Russia 117218, Institute of Economics of the Russian Academy of Sciences.

Phone.: +7 (499) 724-13-91, E-mail: vestnik-ieran@inbox.ru