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The School of World Economy brings together specialists who take an in-depth look at the processes underlying global economic life and key areas of the world economy. Relevant issues include global governance, economic growth, global finance and energy, resource and environmental problems, the economic specifics of particular regions and countries, as well as integration processes and international trade mechanisms.

School staff combine academic research work with teaching and collaboration with state institutes and businesses, enabling them to give students a comprehensive introduction to fundamental issues and to engage their interest in the intersection of academia and the real world.

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Contemporary World Economy

Contemporary World Economy is an academic peer-reviewed journal of the School of World Economy. The journal’s mission is to develop the discipline of world economy and stimulate academic discussion in this field. It is published quarterly in Russian and English.
The journal aims to outline the field of knowledge of 'the world economy' and to become a platform for discussing global economic problems and Russia’s place and opportunities in the global economy. As a bilingual journal, it is also intended to serve as a tool for the exchange of opinions between Russian and foreign authors, bringing the views of Russian economists to their foreign colleagues and the content of international discussions to Russian-speaking audiences.

The journal is aimed at a wide audience and covers a broad spectrum of problems in the contemporary world economy.

More about the journal →   |   All editions →

Administration

Igor A. Makarov
School Head

Leonid M. Grigoryev
Academic Supervisor

Yulia Sudakova
Deputy Head

Olga Mulenko
Manager

Aleksandra Dorina
Manager

Sections

Petr Mozias
World Economy Section

Valery A. Krukov
Section of Energy and Raw Material Market

Alexey Portanskiy
World Trade Section

Vladimir N. Zuev
Section of Global Economic Regulation

Publications

  • Book

    Morozkina A., Grigoryev L. M., Gaspardo M. et al.

    The Multilateralism of the New Development Bank on the Sustainable Economic Growth in BRICS Nations and Beyond

    With recent transformations in the International Order signaling trends toward changes in the various dimensions of power, it is important to reflect on the initiatives of the BRICS grouping, with their challenges and potential. In this context, the functioning of the New Development Bank (NDB), often referred to as the BRICS Bank, needs to be analyzed as one of the central elements of the new trends in multilateralism. Edited by Ndivhuho Tshikovhi, Fulufhelo Netswera, Jiejin Zhu, Bruno De Conti, Rajeev Sijariya, and Maria Apanovich, the book “The Multilateralism of the New Development Bank on the Sustainable Economic Growth in BRICS Nations and Beyond” presents discussions dedicated to unraveling the complex elements of the NDB.

    Emerald Group Publishing Ltd., 2025.

  • Article

    Biryukova O. V., Slipchenko I. Y.

    Exporting creative goods from China: Government support measures in the 13th and 14th five-year plans

    Abstract. The rapid expansion of creative industries plays a pivotal role in fostering sustainable economic development and enhancing the global cultural footprint of exporting nations. Consequently, governments worldwide actively implement targeted mechanisms to stimulate creative exports. As the undisputed global leader in creative goods exports, China’s success stems from both its inherent comparative advantages and systematic state interventions. However, the specifi c quantitative impact of governmental support instruments on China’s creative export performance remains underexplored in existing literature. This study systematically examines the key fi scal and fi nancial support measures implemented during the 13th and 14th fi ve-year plans and assesses their infl uence on creative goods exports from 2016 to 2023. Utilizing a balanced panel regression approach across regional and product- level datasets, the analysis reveals that both VAT export rebates and direct government budget financing exert a statistically signifi cant positive effect on export volumes. Furthermore, the fi ndings highlight a pronounced geographic and structural concentration of exports, predominantly directed toward the United States and European markets. The study concludes that while current support policies have effectively bolstered export competitiveness, strategic optimization is required to mitigate regional disparities, encourage long-term sectoral diversifi cation, and reduce vulnerability to external market fl uctuations.

    The Journal of the New Economic Association. 2026. Vol. 71. No. 2. P. 252-267.

  • Climate change and national security in Russia

    This chapter describes climate security discourse and practices developing in Russia for the last decade. It reveals that, while Russia faces severe physical risks from climate change, climate change is scarcely perceived as an existential threat among key decision-makers and the population. The country’s climate policies are more focused on adaptation, while its mitigation policy framework is more oriented on helping Russian businesses avoid hurdles on foreign markets, not on significantly cutting emissions. This situation reflects a parallel securitization process, wherein the global green transition is regarded as a threat to Russia’s fossil fuel-dependent economy. These economic considerations, coupled with climate change skepticism and narratives that emphasize the benefits of climate change, have led to the perception of the green transition as a “climate agenda,” i.e., a temporary process imposed on Russia externally. Internationally, Russia opposes the inclusion of climate change in the global security agenda. The chapter concludes that Russia’s climate policy is an outcome of this complex interplay of the two threats, and is characterized by high emphasis on adaptation but little motivation to enhance ambition on mitigation, and by sensitivity to the external political environment and to the remaining interest of certain businesses in voluntary climate efforts.

    In bk.: Climate Change, National Security and Geopolitics: Strategies and Responses of Five Major Powers. NY: Routledge, 2026. Ch. 5. P. 82-102.

  • Working paper

    ALI I.

    Economic Globalization and Environmental Outcomes: A Panel Econometric Study of Shanghai Cooperation Organization Economies

    GMU Working Paper in Economics. SSRN Working Paper Series. Social Science Research Network, 2025

All publications