Государство и бизнес. Современные тенденции и проблемы развития экономики : материалы XIII Международной научно-практической конференции. Санкт-Петербург, 21–22 апреля 2021 г. : в трех частях. Ч. 3.

Федеральное государственное бюджетное образовательное
учреждение высшего образования
«РОССИЙСКАЯ АКАДЕМИЯ НАРОДНОГО ХОЗЯЙСТВА 
И ГОСУДАРСТВЕННОЙ СЛУЖБЫ 
ПРИ ПРЕЗИДЕНТЕ РОССИЙСКОЙ ФЕДЕРАЦИИ»
СЕВЕРО-ЗАПАДНЫЙ ИНСТИТУТ УПРАВЛЕНИЯ
Факультет экономики и финансов
Материалы  
XIII Международной научно-практической конференции
«ГОСУДАРСТВО И БИЗНЕС. 
СОВРЕМЕННЫЕ ТЕНДЕНЦИИ И ПРОБЛЕМЫ РАЗВИТИЯ 
ЭКОНОМИКИ»
Санкт-Петербург, 21–22 апреля 2021 г.
В трех частях
Часть 3
Materials  
of the XIII International scientific and practical conferen
“STATE AND BUSINESS.  
MODERN TRENDS AND PROBLEMS OF ECONOMIC 
DEVELOPMENT”
St. Petersburg, 21–22 April 2021
In three parts
Part 3
Санкт-Петербург
2021
К 25-летию факультета экономики и финансов

© Коллектив авторов, 2021  
©  СЗИУ РАНХиГС, 2021
УДК	 33
ББК	 65
	
Г 72
Рецензент:
В. Н. Наумов, д-р воен. наук, профессор, зав. кафедрой бизнес-информатики 
СЗИУ РАНХиГС
Г 72	
	
Государство и бизнес. Современные тенденции и проблемы развития 
экономики : материалы XIII Международной научно-практической конференции. Санкт-Петербург, 21–22 апреля 2021 г. : в трех частях. Ч. 3. — 
СПб. : ИПЦ СЗИУ РАНХиГС, 2021. — 208 с.
ISBN 978-5-89781-710-8 (ч. 3)
ISBN 978-5-89781-707-8 
	
State and business. Modern trends and problems of economic development : 
materials of the XIII International scientific and practical conference. 
St.  Petersburg, 21–22 April 2021 : in three parts. Part 3. — Russia, SPb. : 
NWIM RANEPA, 2021. — 208 p.
В сборнике представлены материалы участников конференции, которые прошли апробацию в период ее проведения, а также проверку на уникальность и рецензирование. Широта и разноплановость обсуждаемых вопросов, а также большое 
количество участников определили необходимость публикации в трех частях. В первой содержатся материалы, связанные с вопросами цифровой трансформации 
экономики России, моделирования социально-экономических процессов, использования информационных технологий. Во вторую включены статьи и тезисы выступлений, посвященные исследованию современного состояния экономики России, руководства и управления ее развитием. В третьей части размещены статьи 
российских и зарубежных авторов, представленные на английском языке.
УДК 33
ББК 65
ISBN 978-5-89781-710-8 (ч. 3)
ISBN 978-5-89781-707-8 

ПРОГРАММНЫЙ И ОРГАНИЗАЦИОННЫЙ  
КОМИТЕТЫ КОНФЕРЕНЦИИ
Председатель Программного комитета: Казанская О. А. — заместитель директора Северо-Западного института управления РАНХиГС 
при Президенте Российской Федерации, кандидат экономических 
наук, доцент
Заместитель председателя Программного комитета, председатель оргкомитета: Наумов В. Н. — заведующий кафедрой бизнес-информатики 
Северо-Западного института управления РАНХиГС при Президенте 
Российской Федерации, доктор военных наук, профессор, заслуженный 
деятель науки Российской Федерации
Программный комитет:
Голубев А. В. — руководитель образовательного направления «Экономика» Северо-Западного института управления РАНХиГС при Президенте Российской Федерации, кандидат экономических наук
Жиряева Е. В. — профессор кафедры экономики Северо-Западного института управления РАНХиГС при Президенте Российской Федерации, доктор экономических наук, профессор
Конягина М. Н. — профессор кафедры экономики Северо-Западного института управления РАНХиГС при Президенте Российской 
Федерации, доктор экономических наук, профессор
Куклина Е. А. — профессор кафедры бизнес-информатики; руководитель магистерской программы «Экономика фирмы» Северо-Западного института управления РАНХиГС при Президенте Российской 
Федерации, доктор экономических наук, доцент
Курзенев В. А. — профессор кафедры бизнес-информатики СевероЗападного института управления РАНХиГС при Президенте Российской 
Федерации, доктор технических наук, профессор, заслуженный деятель 
науки Российской Федерации
Нещерет А. К. — заведующий кафедрой менеджмента Северо-Западного института управления РАНХиГС при Президенте Российской 
Федерации, кандидат экономических наук, профессор

Materials of the XIII International scientific and practical conference  
“State and Business. Modern trends and problems of economic development”. Part 3
Сергеев И. Б. — профессор кафедры экономики Северо-Западного 
института управления РАНХиГС при Президенте Российской Федерации, доктор экономических наук, профессор
Тереладзе Д. И. — заместитель декана по международному сотрудничеству факультета экономики и финансов Северо-Западного института управления РАНХиГС при Президенте Российской Федерации, 
кандидат экономических наук.
Организационный комитет:
Столбова О. Г. — заместитель декана факультета экономики и 
финансов Северо-Западного института управления РАНХиГС при Президенте Российской Федерации
Кузнецова А. С., специалист организационного отдела факультета 
экономики и финансов Северо-Западного института управления РАНХиГС при Президенте Российской Федерации
Карцева А. К., начальник учебного отдела факультета экономики 
и финансов Северо-Западного института управления РАНХиГС при 
Президенте Российской Федерации
Борщева Е. Д., специалист сектора нагрузки учебного отдела факультета Экономики и финансов Северо-Западного института управления РАНХиГС при Президенте Российской Федерации

СОДЕРЖАНИЕ
Секция 4
ПРОБЛЕМЫ МИРОВОЙ ЭКОНОМИКИ:  
ГЛОБАЛЬНЫЕ ВЫЗОВЫ И ПЕРСПЕКТИВЫ РАЗВИТИЯ 
PROBLEMS OF THE WORLD ECONOMY:  
GLOBAL CHALLENGES AND DEVELOPMENT PROSPECTS
(на английском языке)
Sava Hristov Dimov 
Germany as a European leader in digital cooperation  
with the Russian Federation  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . . . . . . . . . . . . . . . . . . 	
8
Stevan Rapaic
Serbia in global flows of foreign direct investments .  .  .  .  .  .  .  .  . . . . . . . . . 	 20
Zhang Guohong
Digital service tax: risk of a new round of global trade war .  .  .  .  . . . . . . 	 37
Samuel Tagorando Situmorang, Lindrianasari, Yunia Amelia,  
Agrianti Komalasari
The effect of pseudo audit rotation on earnings management  
in manufacturing companies .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . . . . . . . . . . . . . . . . . . . 	 41
Hadi Shan Ignatius, Lindrianasari, Liza Alvia, Einde Evana 
Testing market reaction on the corporate diversification policy  
and disclosure of segment reports .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . . . . . . . . . . . . . . . . . 	 56
Prita Masyithah Khairunnisa, Lindrianasari, Niken Kusumawardani,  
Susi Sarumpaet
Do slack resources support sustainability finance in term of green  
banking disclosure evidence: banking sectors in Indonesia .  .  .  .  .  . . . . . . 	 73

Materials of the XIII International scientific and practical conference  
“State and Business. Modern trends and problems of economic development”. Part 3
Gina Andani, Lindrianasari, Reni Oktavia, Ratna Septiyanti
Artificial intelligence (AI) development and the readiness  
of accounting students in Indonesia .  .  .  .  .  .  .  .  .  .  .  .  .  .  . . . . . . . . . . . . . . . . 	 91
Vesarach Aumeboonsuke
Government policy responses toward the COVID-19 pandemic,  
degree of financial impact, satisfaction on policy responses,  
and the self-efficacy of people who live in Bangkok city, Thailand .  . . . 	103
Ratna Septiyanti, Malisa Salsabila
Market reaction on cigarette tax regulation: an insight into  
indonesian economics during COVID-19 pandemic .  .  .  .  .  .  .  . . . . . . . . . 	117
Aliya Turеgeldinova, Indira Kassymova
Is there a future for cryptocurrency .  .  .  .  .  .  .  .  .  .  .  .  .  .  . . . . . . . . . . . . . . . . 	137
David Tereladze
The role of small and medium sized banks in the Russian  
banking system .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . . . . . . . . . . . . . . . . . . . . . . . . 	146
Darwish Alaa Shawky, David Tereladze
The impact of COVID-19 on the global economy .  .  .  .  .  .  .  .  . . . . . . . . . . 	162
Cao Panyu
Tourist satisfaction with cultural/heritage sites: Ayutthaya .  .  .  .  .  . . . . . . 	175
Dragan Trailovic
Political and economic transition of Serbia: the first decade  
of reforms (2000–2010) .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . . . . . . . . . . . . . . . . . . . . . 	192

Секция 4
ПРОБЛЕМЫ МИРОВОЙ ЭКОНОМИКИ:  
ГЛОБАЛЬНЫЕ ВЫЗОВЫ И ПЕРСПЕКТИВЫ РАЗВИТИЯ
PROBLEMS OF THE WORLD ECONOMY:  
GLOBAL CHALLENGES AND DEVELOPMENT PROSPECTS
(на английском языке)

Sava Hristov Dimov 
Professor,  Ph. D., Head of Department  
of Finance and Accounting Burgas Free University,  
Bulgaria
GERMANY AS A EUROPEAN LEADER IN DIGITAL COOPERATION  
WITH THE RUSSIAN FEDERATION
The objects of analysis are the possibilities in front of Germany as a European leader in digital cooperation with the Russian Federation. For this 
purpose, a brief overview of the state of the Russian digital economy, as well 
as the possible digital areas of cooperation between Russia and Germany have 
been considered; both the Russian-German initiative for digitalization of the 
economy and the German-Russian concept of “Factory of the Future” have 
been taken into account in the context of accelerated digitalization of the 
Russian economy.
Keywords: digital economy, digital technologies, German-Russian initiative, factory of the future, digital factory, intelligent factory, virtual factory
JEL Codes: F01, F15, O14, O31
The term Industry 4.0, also known as I4.0 or simply i4, first appeared in the 
Federal Republic of Germany in 2011. It is a part of the German federal government’s new high-tech strategy to accelerate the computerization of production. 
I4.0 describes a set of technological changes in production and outlines certain 
priorities for a coherent policy framework with a view to maintain the global 
competitiveness of the German industry. See for details: [1, p. 20]
The Industry 4.0 concept was presented to the public for the first time 
at the Hannover Fair on 4-8 April 2011. Of their own accord, a working 
group composed of academic staff, managers and businessmen, led by Siegfried Dyce of Robert Bosch GmbH and Henning Kagermann of the German 
Academy of Sciences and Engineering, introduced the main aspects of the 
strategy. Industry Working Group 4.0 proposed a set of recommendations 
from the German federal government for the introduction of a new digital 
industry [2].
The digital economy refers to a wide range of economic activities, in 
which digitized information and intellectual knowledge are used as the key 
factors in production. The wide scope of the usage of digitalization processes requires sustainable cooperation between all parties. In this context, 
the possibilities for cooperation between the Russian Federation and Germany in the field of digital processes have been considered.

Sava Hristov Dimov. Germany as a European leader in digital cooperation  
with the Russian Federation
9
1. Status and assessment of Russia’s digital economy
In recent years, the government of the Russian Federation has shown 
an open interest in cooperation with all developing countries. The state of 
digitalization in the country shows that the digital economy of Russia is 
actively developing. This is a serious prerequisite for its participation in 
mutually beneficial digital projects. In this context of reflections and as a 
basis for fruitful cooperation, let us note some important aspects of the state 
of digitalization in Russia, namely:
(a) According to Digital/McKinsey, in five years the digital economy of 
the Russian Federation has grown by 59% and all sectors of the economy 
by 7%. It is noteworthy that Russia is ahead of the European Union, including Germany, on the availability of broadband and the best positions in terms 
of human capital. In terms of the number of Internet users — first in Europe 
and sixth in the world, users of the portal for public services — about 80 
million people, about 10% of online banking customers use only mobile 
applications, 60% of Muscovites register as a doctor online. [3]
(b)  The contribution of the digital economy to Russia’s GDP and its 
components compared to other countries: USA — 10.9%, China — 10 %, 
European Union — 8.2%, Poland, Czech Republic — 6.35 %, Brazil — 6.2%, 
India — 5.5%, Russia — 3.9%.
(c) The potential effect on GDP from the digitalization of the economy 
by 2025 is estimated to reach between 4.1 and 8.9 trillion rubles, which will 
amount to 19-34% of the total increase in GDP. [4, p. 27-34]
If one takes into account the important indicators for a country’s participation in global value chains: value-added shopping centers in different 
aggregate networks (ICT sector), respectively traditional trade networks, 
simple trade networks of GVCs, integrated trade networks of GVCs (all goods 
and services), a different, but real and specific picture is to be distinguished:
First, for the period 2000-2017, nothing significant has changed. In 2000 
and 2017, Russia corresponded with the same digital counterparties: most 
often with Kyrgyzstan, Kazakhstan, Belarus, Mongolia and less frequently 
with Estonia, Cyprus, Lithuania and Latvia.
Second, Russia is too far from participating in global value chains with 
major digital leaders — such as the US, China and Germany. Moreover, the 
aforementioned countries have not been associated with one another in the 
context of GVCs for a very long time — about 18 years.
Third, this means that profitable global value chains bypass Russia and it 
cannot “intertwine” in their favorable financial and technological parameters.

Materials of the XIII International scientific and practical conference  
“State and Business. Modern trends and problems of economic development”. Part 3
10
2. Views on possible digital areas of cooperation  
between Russia and Germany
At the end of 2013, the Digital Agenda 2014–2017 became part of the 
coalition agreement between the Christian Democratic Union of Germany/
Christian Social Union in Bavaria and the Social Democratic Party of Germany, which set out the principles of interaction between government departments, entrepreneurs, and trade unions, as well as science and society in the 
digital economy.
The Agenda is based on the Industry 4.0 strategy, which is designed to 
provide answers to the challenges of the forthcoming Fourth Industrial 
Revolution — back in 2011.
The Federal Republic of Germany was the first to justify the reasons, 
formulate the content, and then put forward the concept of timely adaptation 
of the German industry to the upcoming innovative and technological challenges, developed a set of state measures to support businesses, primarily 
small and medium-sized ones. A special network communication platform 
“Platform Industrie 4.0” was created — bringing together representatives of 
the state, business, science and education.
The Industry 4.0 map provides an overview of over 350 practical examples 
from the industry, highlighting Germany’s role as a leader in Industry 4.0.
Key digital business models have been identified, enabling new digital 
technologies, including areas of mutually beneficial cooperation, namely:
−−Cyber-physical systems (CPS);
−−Cloud computing;
−−Edge computing;
−−IIoT/industrial internet platforms;
−−Industrial Internet of Things (IIoT);
−−Digital twin;
−−Software-defined and service-oriented manufacturing;
−−Great information;
−−Artificial Intelligence. [5, p. 4–5]
Russia adopted the program “Digital Economy of the Russian Federation” in mid-2017. The document developed by the Government of the 
Russian Federation provides a set of measures in the field of markets and 
industries (smart cities, public administration, digital healthcare, education), 
platforms and technologies (research and technological development), framework conditions (legislative and regulatory environment, personnel), as well 
as management systems (information infrastructure and security).