Anti-crisis measures discussed at RISS Arctic Center

Are anti-crisis measures efficient? The answer to this question was looked for by researchers of the RISS Arctic Regional Information and Analytical Center, Academic Center «Social and Economic Development of the North-Arctic Region» together with representatives of research student community «Youth Management Initiatives», organized by the Higher School of Economics and Management of the Northern (Arctic) Federal University named after M.V. Lomonosov, within the round table discussion held on October 15, 2015.

The key issues of the round table were the following:

- Estimation of anti-crisis plan implementation (initial activity plan to provide sustainable development of economy and social stability in the first half of 2015) with regard to stabilization measures (bank sector).

- Implementation of high priority measures to phase out imports and support non-resource exports.

- Efficiency of anti-crisis plan implementation with regard to small and medium business support.

- Social stability, monitoring and control of the situation in the social sphere.

To make the estimation more objective there were not only economics students in the discussion, but also a number of representatives of the Law Institute and the Institute for Humanities, Social and Political Sciences. They compared the items of «Anti-crisis Plan» with implemented measures, its funding and developted laws and regulations.

While preparing for the discussion participants drew on official statistics, materials of RF Audit Chamber, which include a report based on results of inspection and analysis of implementation of initial activity plan to provide sustainable development of economy and social stability in the first half of 2015, as well as analytical works of public organizations and business communities.

Special attention was paid to the implementation of anti-crisis plan within the entities of Arctic region of Russia and Arkhangelsk region in particular.

The most disputable questions were those connected with imports phaseout and evaluation of plan implementation – not only in food industry, but also in high-technology, engineering, pharmaceutical and other industries.

Lively discussion was also sparked by the questions of social stability: inflation rate and depreciation of the rouble, decline in real personal income and indexation of social payments. Special concern was given to escalating tensions in the labor market in Arkhangelsk region – for the first time in 10 years unemployment rate exceeded the average rate in Russia.

At the end of the meeting participants of the discussion concluded that it's too early for final deductions and positive results were supposed to appear in a longer term.

Discussion of social and economic development of that kind allows students to acquire knowledge that induce critical thinking on the basis of economic and strategic analysis and form the ability to anticipate the results of one's research.

The topic proposed for the next youth round table discussion is estimation of social risk defensiveness in entities of the Arctic region of the Russian Federation.