Financial and Non-Financial Support of Export
Promotion of domestic companies interests abroad is the main task of economic diplomacy. Promotion of domestic goods and services in foreign markets ensures the coun- try's stable position in the world economy and economic stability within the state. Following economic boost, world trade and es...
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| Format: | Article |
| Language: | English |
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MGIMO University Press
2021-04-01
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| Series: | Vestnik MGIMO-Universiteta |
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| Online Access: | https://www.vestnik.mgimo.ru/jour/article/view/2839 |
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| author | A. A. Naryshkin |
| author_facet | A. A. Naryshkin |
| author_sort | A. A. Naryshkin |
| collection | DOAJ |
| description | Promotion of domestic companies interests abroad is the main task of economic diplomacy. Promotion of domestic goods and services in foreign markets ensures the coun- try's stable position in the world economy and economic stability within the state. Following economic boost, world trade and especially export growth may ensure not only country's economy growth, but also citizens welfare through mechanisms for reallocating funds. Value-added exports development in Russia has been brought to the rank of one of the key government goals. Russia has an export promotion institutions system. Some institu- tions have long history. Others have been created recently and based on foreign practices. The Russian government has developed the national project "International cooperation and export", it sets the goal to ensure export growth through effective interaction of existing institutions. The article reviews the foreign and domestic practices of export support through financial and non-financial instruments. They include market analysis tools, exhibition support, popu- larizing exports within the country, various export credit and insurance instruments pro- tecting the exporter from political risks in foreign markets. Author analyzes the legislative framework of key support measures and possible ways to improve efficiency by eliminating duplication in various institutions functions. It should provide a synergistic effect boosting their efficiency. The methodology of the study is based on a comprehensive analysis of the modern export promotion institutions system in Russia and abroad, a regulatory analysis of fundamental documents and a comparative analysis of export support measures. The extensive research subject has provided the usage of an interdisciplinary approach covering economic and po- litical research. |
| format | Article |
| id | doaj-art-ed287cfcb95c4563bdffa32dc6e5a7a6 |
| institution | Kabale University |
| issn | 2071-8160 2541-9099 |
| language | English |
| publishDate | 2021-04-01 |
| publisher | MGIMO University Press |
| record_format | Article |
| series | Vestnik MGIMO-Universiteta |
| spelling | doaj-art-ed287cfcb95c4563bdffa32dc6e5a7a62025-01-30T12:15:54ZengMGIMO University PressVestnik MGIMO-Universiteta2071-81602541-90992021-04-01142729110.24833/2071-8160-2021-2-77-72-912353Financial and Non-Financial Support of ExportA. A. Naryshkin0RosGeoPromotion of domestic companies interests abroad is the main task of economic diplomacy. Promotion of domestic goods and services in foreign markets ensures the coun- try's stable position in the world economy and economic stability within the state. Following economic boost, world trade and especially export growth may ensure not only country's economy growth, but also citizens welfare through mechanisms for reallocating funds. Value-added exports development in Russia has been brought to the rank of one of the key government goals. Russia has an export promotion institutions system. Some institu- tions have long history. Others have been created recently and based on foreign practices. The Russian government has developed the national project "International cooperation and export", it sets the goal to ensure export growth through effective interaction of existing institutions. The article reviews the foreign and domestic practices of export support through financial and non-financial instruments. They include market analysis tools, exhibition support, popu- larizing exports within the country, various export credit and insurance instruments pro- tecting the exporter from political risks in foreign markets. Author analyzes the legislative framework of key support measures and possible ways to improve efficiency by eliminating duplication in various institutions functions. It should provide a synergistic effect boosting their efficiency. The methodology of the study is based on a comprehensive analysis of the modern export promotion institutions system in Russia and abroad, a regulatory analysis of fundamental documents and a comparative analysis of export support measures. The extensive research subject has provided the usage of an interdisciplinary approach covering economic and po- litical research.https://www.vestnik.mgimo.ru/jour/article/view/2839economic diplomacytrade promotionnon-financial export supportfinancial export supportmarket analysis toolsexhibition supportcreditinsurance. |
| spellingShingle | A. A. Naryshkin Financial and Non-Financial Support of Export Vestnik MGIMO-Universiteta economic diplomacy trade promotion non-financial export support financial export support market analysis tools exhibition support credit insurance. |
| title | Financial and Non-Financial Support of Export |
| title_full | Financial and Non-Financial Support of Export |
| title_fullStr | Financial and Non-Financial Support of Export |
| title_full_unstemmed | Financial and Non-Financial Support of Export |
| title_short | Financial and Non-Financial Support of Export |
| title_sort | financial and non financial support of export |
| topic | economic diplomacy trade promotion non-financial export support financial export support market analysis tools exhibition support credit insurance. |
| url | https://www.vestnik.mgimo.ru/jour/article/view/2839 |
| work_keys_str_mv | AT aanaryshkin financialandnonfinancialsupportofexport |