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Center’s Scientific Chairman Dr. Vladimir Yakunin made a report at the Fourth Russian-Singapore Business Forum
     
07.10.2009
On September 27-29, the Fourth Russian-Singapore Business Forum was held in Singapore. The forum was devoted to the actual tasks faced by business communities and governments during the global crisis and the measures necessary to be implemented for the effective use of new opportunities. The question of the new global financial architecture and the key factors for Russia and CIS countries needed to enter international markets have been covered as well. Dr. Vladimir Yakunin, Scientific Chairman of the Governance and Problem Analysis Center and JSC Russian Railways President, participated in the forum. He made a report “Repositioning for the Future: New Opportunities”.
 
 
Report abstracts:
 
The current financial and economic crisis is global in nature. To move towards understanding the processes which led to the crisis, the mechanisms enabling it to come about and to continue, and the likely scenarios for the near future let's take a look at the geo-economic map of the world.
 
1. The economic world is changing
  

Slide 1. A model of the contemporary geo-economic map of the world

   
Why do we see the world divided into these zones? Because this view enables us to understand certain important processes which explain and predict the development of the crisis.
 
Some people might object that in the modern worldthe globalisation of contacts, the conversion of finance into electronic transactions, the shrinking of distances due to telecommunications and the transnationalization of various countries’ major companies render this map unimportant and the world is absolutely homogeneous. But we do not believe this is the case.
 
Yes, funds and finances are becoming transnational and the role of communications is growing, with the effect of integrating the world and removing distinctions. However, the distinctions between INTERESTS do not disappear. Unfortunately the fault-lines between civilisations remain significant and we do not always see them being evened out: more often than not the opposite is the case. To explain my thinking as reflected in slide 1, where we introduce the concept of global geo-economic zones, we can see that the boundaries between them coincide to a significant degree with the boundaries between different civilisations.

 

In terms of civilisation Russia is a particular entity with characteristic features which have developed over a thousand years of history and which only in part synthesise the features of the opposing Western and Eastern civilisations. But Russia is not a hybrid. I emphasise this: Russia is an independent civilisation.

 

The Western Atlantic Alliance headed by the USA that used to lead before and is taking a leading role now represents Zone I. The East with China, India and Japan represent Zone II. Latin America is in Zone III. Africa and the Muslim Gulf-countries form Zone IV. We proceed from the fact that the fundamental cause of global crises is not some accidental malfunction in the self-regulatory systems of the world market or in the mortgage capital set-up in the USA, but lies in the imbalance of INTERESTS. Its main source lies in the FRS, the Federal Reserve System (the dollar-based system of global finances) – the rest of the world.