Crisis Amid Plenty Revisited: Comments on the Problematic Potential of Russian Oil

Two economic geographers specializing in the mineral resources of the former Soviet Union and Russia discuss a paper on Russian oil published in this journal by a seasoned oberserver of this critical subject since the early 1970s. The authors comment on the behavior of Russian oil companies such as Yukos, Russian economic policy in mid-2004, and the role of foreign companies, capital, and advanced technology. Recalling mistaken estimates of declining Soviet oil output in the late 1970s, they outline factors that suggest a somewhat more optimistic outcome could be possible, but note that the drift toward government control, which runs counter to the oil industry's efficiency, is not a positive sign. Journal of Economic Literature, Classification Numbers: L71, O13, O18, 27 references.     

Trans-border Exchange between Russia and China: The Case of Blagoveshchensk and Heihe

Two Russian-trained geographers investigate the multiple and largely informal and illicit forms of exchange between two provincial cities of roughly similar size located on opposite banks of the Amur River, namely Blagoveshchensk, in Russia's Far East, and Heihe, in neighboring northeast China. The study is based on interviews and field observations from 2002 to 2009 in Blagoveshchensk, as well as official statistics from the relevant Russian and Chinese provincial governments. Particular attention is focused on the activities and treatment of Chinese guest workers comprising a material component of the labor force in Amur Oblast (e.g., in construction and agriculture), unregistered Chinese entrepreneurs in retailing and catering, and trans-border logging operations of Chinese timber/wood products companies. Also covered are the activities of visiting Russian nationals in Heihe and the extralegal activities of Russian entrepreneurs and bureaucrats. Journal of Economic Literature, Classification Numbers: F20, J61, O17, O18. 5 figures, 1 table, 50 references.     

Impact of the Russian Financial Crisis on Stock Exchanges in Central and Eastern Europe

A German economist analyses the structure of capital flows to Central and Eastern European countries following the Russian financial crisis in August 1998. Special attention is devoted to the behavior of equity flows and their impact on the stock exchanges in the region and on enterprises' ability to raise capital. In addition, the paper provides an assessment of the effects of the establishment of pension funds on the development of the stock exchanges and evaluates the prospects for several newly established trading places for stocks of companies from Central and Eastern Europe. Journal of Economic Literature, Classification Numbers: F30, G15, G20. 1 figure, 4 tables, 24 references.     

Perspectives on the Potential of Russian Oil

A prominent American specialist on the economy of the former USSR comments on Russian oil in light of a preceding paper on the subject. Noting the congruence of Russia's economic growth with world oil prices, the author points out that the country's growth is endangered by sharp declines in those prices. He also recalls how an oil windfall shaped Russian thinking in the 1970s, questions how long Russia can pump oil at its maximum level by invoking the American experience from 1859 through the peak in 1970 until the present, analyzes the two corporate models in the Russian oil sector, and briefly outlines Putin's new approach to foreign investment in the sector. Journal of Economic Literature, Classification Numbers: L71, O13, O18. 3 figures, 8 references.     

The Spatial Evolution of the Polish Biotech Industry: A Path-Dependent Process?

In Poland, similarly to other Central and Eastern European countries, the development of the biotech industry dates back to the late 1980s, when the first private companies were established. The political and economic transformation of 1989 enabled mass development of private enterprises, but over the course of 20 years of development, only a couple of dozens biotech firms have emerged in Poland. The spatial evolution of the industry shows a strong concentration in Poland's six largest urban centres, which are characterized by the best scientific base, access to financial capital, and a well-developed local entrepreneurial culture. Given that all biotech clusters are also important centres of the pharmaceutical industry, despite the fact that there are no strong direct relationships between Poland's biotech and pharmaceutical companies, the authors of this paper put forward the thesis that the institutional environment of the pharmaceutical sector also affects the development of the biotech industry.     

Russia's Oil Industry: Risk Aversion in a Risk-Prone Environment

A Russian economist and a Norwegian political scientist, both long-term observers of the Russian energy industries, discuss the outlook for the Russian oil industry. The focus is on the relationship between reserves and industry strategies, and is presented from the perspective of an oil-producing enterprise. The authors analyze trends in reserve exploration and development and compare them with oil-industry investment patterns. They discuss differences and similarities among companies, as well as implications for future output. Also examined in the paper are factors inhibiting long-term private investment in the oil industry (including factors specific to particular companies) as well as the relevant policies of the government. Journal of Economic Literature, Classification Numbers: D21, H25, L71, Q48. 8 figures, 1 table, 40 references.     

„Fremde Körperwelten”︁. Russische Anthropologie und Medizin im kolonialen Diskurs des ausgehenden Zarenreiches

?Exotic Bodies”?: Russian Anthropology and Medicine in the Colonial Discours of Late Imperial Russia. In the nineteenth century Russian anthropologists adopted Western theories on the biological superiority of the white man in order to justify Russian colonization at the Asiatic periphery. After the Great Reforms the imperial process of acculturation was discussed in the context of modernization that also touched the institutionalization of colonial medicine. Whereas Russian armchair anthropologists were operating with racial idioms, physicians as practitioners on the colonial spot were not receptive to the ideology of “white man's burden”. From experience with the socioeconomic backwardness of Russia's Asiatic periphery physicians stood up for the vital rights of the indigenous population in the colonial Public Health. With deep respect for indigenous medicine Russian physicians were not advocates of Russian colonial expansion and racial discrimination that made them different to their Western colleagues. On the basis of Russian nineteenth century medical literature and Siberian archival sources this paper outlines the critical reflections of Russian physicians on Tsarist colonialism     

Russian nuclear energy diplomacy in Finland and Hungary

We compare Russian nuclear energy diplomacy toward Finland and Hungary, where the Russian state corporation Rosatom intends to build nuclear power plants by the 2020s. Russian nuclear energy diplomacy features Rosatom working with other state institutions, its own subsidiaries, and an extensive network of companies and R&D actors to support Russian nuclear power projects abroad. Using the structuration approach, we find three interests driving such diplomacy: energy business and associated profits; modernization of the Russian economy, including the diversification of its export structure; while foreign policy interests are also involved, considering the constraints emerging in EU–Russia energy diplomacy in the oil and gas sectors, including the sanctions since 2014. Some domestic actors in Finland and Hungary make the linkage between nuclear energy and foreign policy as explicit as do some Western commentators. Seeking to pursue these interests, Russian actors must accommodate their considerable assets to the structural constraints they encounter in the target countries. We identify four structural dimensions: the Russian actors are well endowed as regards the resources, technology, and infrastructure dimension; and the dimension of finance, business models, and markets. However, on the institutional dimension, they face a less controllable environment. Regarding the ecological dimension, they must conform to local safety requirements. In both cases, Russian actors were able to strengthen perceptions of joint interests with actors in the target country facilitating the nuclear power plant projects, thereby paving the way for the use of soft power.     

旅游上市公司自愿性信息披露与业绩相关性研究

基于代理理论与信号理论,业绩优良的上市公司有动力通过自愿性信息披露来降低代理成本或传递其竞争优势。本文选取在沪深两市上市的20家旅游上市公司作为研究样本,采用实证分析方法对旅游上市公司自愿性信息披露行为进行研究,检验自愿性信息披露与公司业绩的相关性,以期促进旅游上市公司完善其信息披露制度。研究结果表明：我国旅游上市公司自愿性信息披露水平整体较低;景点类公司自愿性信息披露水平显著高于饭店类和综合类旅游上市公司。旅游上市公司自愿性信息披露与净资产收益率、总资产周转率、营业收入增长率呈现正相关关系,与资产负债率和詹森指数呈现负相关关系。     

Russian Investment in the Commonwealth of Independent States

The paper by three RAND Corporation specialists analyzes the extent, rationale, and role of Russian investment in other member states of the Commonwealth of Independent States (CIS). Based on a unique, comprehensive survey, it evaluates differences between Russian and Western investors—in particular, the effects of Russian business practices in promoting or retarding reforms directed at expanding market activities, improving governance, and reducing corruption. The authors also assess the extent of Russian government involvement in investment decisions and explore whether that government has an operational agenda for encouraging investment in other countries of the CIS. Journal of Economic Literature, Classification Numbers: F21, F23, O18. 4 figures, 4 tables, 37 references, 2 appendices.     

CLASS OR COMMUNITY? MARX,THE RUSSIAN COMMUNE,AND CONTEMPORARY CRITICAL THEORY

This article explores the relationship between class and community through a discussion of peasant struggles and the commune during the Russian Revolution. Doing so, we show how Marx's class‐oriented reflections on community can help us to understand the role that the peasantry plays (or should play) in processes of social transformation. This enables us, first, to understand the relevance of communal forms for Marx, who believed that communitarian ways of life were crucial for overcoming a value‐based society. It is, in fact, a mistake to divide Marx's intellectual trajectory into two periods: a categorical Marx, who authored Capital and critically analyzed the classical theory of value, and a phenomenological, empirical Marx, who in the last years of his life abandoned writing Capital and focused instead on studying the Russian peasantry. Second, it enables us to discuss new externalist visions, such as postcolonial and decolonial theories, which postulate that the subordination of contemporary peasant communities is rooted in epistemology, culture, and local power relations. These theories are related to the old social‐democratic canon, which conceives of social classes as preconstituted entities and of capital as a parasitic externality that is incommensurable with social dynamics. The experience of the Russian peasantry calls into question all externalist and ontological perspectives.     

Observations on the Costs of the Yukos Affair to Russia

A prominent senior British specialist on the Russian economy reviews some consequences of the Russian state's dismemberment and partial re-nationalization of the Yukos oil company. The implications for state interventionism of Russia's engagement in international markets are assessed, and the effects of market feedbacks to Russian policymakers analyzed. Also considered is the question of whether Russian economic structure is changing in ways that could lessen the vulnerability of business to state action. Journal of Economic Literature, Classification Numbers: F21, F23, F32, L71. 4 figures, 1 table, 16 references.     

Russian Revenues from Oil and Gas Exports: Flow and Taxation

A senior Japanese economist traces the flows of revenue derived from oil and gas exports through the Russian economy. The author examines the use of revenues and investigates their contribution to Russia's state and regional budgets in the form of taxes. After detailing the methodological difficulties encountered in measuring revenue streams statistically, he proceeds to approximate their magnitude through intensive use of input-output table data and budget statistics provided by the Russian Federation Ministry of Finance. His investigation of the list of destination countries for Russian oil and petroleum products exports has interesting implications for the study of capital flight from Russia to the West. Journal of Economic Literature, Classification Numbers: F14, H20, Q43. 10 tables, 37 references.     

Auf gute Nachbarschaft!

Companies' community involvement turns out to be spatially relevant and–in many cases–to be focused on the near surroundings of the place of business. Some companies strategically align their involvement in order to systematically address local challenges. The essay at hand addresses the subject of corporate social responsibility from a local development perspective. Using the example of two family-owned enterprises based in Duisburg, Haniel and Grillo, it illustrates how socially committed companies can get involved with their local community by acting as good neighbours. Furthermore, it argues that socially committed companies can function as producers of space concerning matters of urban and local development. The specific local settings as well as the economic conditions of the local community serve as an explanatory background of the companies' involvement. The cases presented in this paper prove the firms' specific knowledge of local development needs and possibilities. This makes them qualified partners for local government actors and civil society actors. Thus, in the future, it is worth addressing corporate local responsibility from a governance point of view both in theory and in practice.     

The narratives of exclusion and self-exclusion in the Russian conflict discourse on EU–Russian Relations

The article focuses on the interplay of the narratives of ‘exclusion’ and ‘self-exclusion’ in the Russian discourse on EU–Russian relations. Since the late 1990s, this discourse has acquired an increasingly conflictual orientation, whereby the official foreign policy objectives of ‘strategic partnership’ with the EU and Russia's ‘integration with Europe’ are increasingly problematised across the entire Russian political spectrum. In the analysis of the Russian conflict discourse we shall identify two at first glance opposed narratives. Firstly, the EU enlargement has raised the issue of the expansion of the Schengen visa regime for Russian citizens, travelling to Europe. Particularly acute with regard to Kaliningrad Oblast', this issue has also generated a wider identity-related discourse on the EU's exclusionary policies towards Russia. Secondly, the perception of Russia's passive or subordinate status in EU–Russian cooperative arrangements at national, regional and local levels resulted in the problematisation of the insufficiently reciprocal or intersubjective nature of the EU–Russian ‘partnership’ and the increasing tendency towards Russia's ‘self-exclusion’ from integrative processes, grounded in the reaffirmation of state sovereignty that generally characterises the Putin presidency. This article concludes with the interpretation of the two conflict narratives in the wider context of debates around the project of European integration.     

Putin's Second Term Is Likely to Differ from His First: A Rebuttal

The author of "Russia's Economic Transformation under Putin" replies to comments and critical assessments of his paper by two prominent Western specialists on the Russian economy. His rebuttal to the more severe critic of the two emphasizes the prospective change in Putin's approach to economic reform during his second presidential term. The author believes that economic policymaking in the Kremlin, rather than the impact of world oil prices, will tend to shape Russia's considerable economic growth. Journal of Economic Literature, Classification Numbers: E60, E63, F13, H20, H60, P21. 8 references.     

The Liturgical Commemoration of Orthodox Christians Killed During the Oprichnina

Different monasteries responded in different ways to attempts to commemorate the victims of Ivan IV's terror, preserving local diversity and casting into question modern views that Russian society became silent in response to the terror of the 1560s-70s.     

Observations On State Trading in the Russian Economy

The paper presents an overview of state trading activities in Russia in light of that country's prospective accession to the World Trade Organization. The authors cover the origins of Russian state trading, developments after the collapse of the USSR, state involvement in barter trade, and its control of the organizational structure and remaining monopolies; they also attempt to estimate the government's share in Russia's foreign trade turnover in 1996 and mid-1997. A discussion of implications embraces issues relating to the inefficiencies of state trading and Russia's designation as a nonmarket economy by the United States and the countries of the European Union. Journal of Economic Literature, Classification Numbers: F13, F14, K33, N20, P33. 1 table, 20 references.     

Russia's Accession to the World Trade Organization

A prominent specialist on the Russian economy presents a timely assessment of Russia's accession to the World Trade Organization. The author discusses the reasons that prompted Russia to seek membership and scrutinizes the major obstacles, such as complexities of the accession process and the country's institutional malaise. An analysis of the effects of possible membership on the Russian economy is followed by a focus on Putin's first term (2000-2003) when he supported entry, and the second (2004-2007) when he lost interest. Also presented are two scenarios projecting reinvigorated pursuit of Russian membership, or abandonment of the goal. Journal of Economic Literature, Classification Numbers: F13, F40, O19. 1 table, 46 references.