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© Socrates Almanac. 2017
Review of materials of ‘The international ‘Achievement Forum’......................4 Speakers of ‘The international ‘Achievement Forum’......................................6 The biggest stories from Davos 2017..............................................................8 10 Achievements from Davos 2017...............................................................10 These 5 Trends Will Shape the Global Economy in 2017.............................11 Richest Countries in the World in 2016.........................................................12 Scientific articles: Yulia Merkulova................................................................14 Robert Nizhegorodtsev..................................................................................16 Hasret Balcioğlu............................................................................................19 Soliev Ashurboy.............................................................................................19 L. Raskin........................................................................................................22 Jay Ramnundlall............................................................................................24 Boris Bleskin..................................................................................................26 Boris Bleskin, Tatiana Moiseyeva, Constantine Ivanov.................................30
Information review The Academic Union, EBA
Materials of the international ‘Achievements Forum 2017’
March 2017, London, UK
Review of materials of ‘The international ‘Achievement Forum’ 28 March, Institute of Directors, London, UK
On the 28th of March Europe Business Assembly with Academic Union Oxford, International Club of Leaders (the U.K.) and the European Medical Association (Belgium) held the annual branded function - the International ‘Achievement Forum 2017’. The event provided an authoritative multicultural platform for fresh thinking on CEO`s role in companies achievements and regions development, investing to the progressive regions, territories and businesses.
This forum was aimed at promoting successful innovative businesses and companies, economic development agencies, regional infrastructure and finance professionals, as well as lead regional higher institutions and healthcare services providers highlighting these 3 target audiences as the essential aspects of the modern progressive social structure. The geography of the Forum 2017 recorded 55 countries that have gathered together for new business linking and promoting themselves amongst peers.
While remaining fully independent from government or political persuasion, the ‘Achievements Forum’ has grown out of a combination of international cooperation
and positive commercial outcomes. Grounded in, and attracting high profile delegates from the real world of business, the function is a key driver in the development of practical commercial exchanges.
Traditionally held in the Institute of Directors in London it is the first in the row of the scheduled annual initiatives to provide Europe Business Assembly and the Academic Union Oxford global community members with a unique opportunity to present themselves to the target audience of businessmen, investors, academia and like-minded professionals. Participants had the chance to hear from top executives, business gurus, senior state officials, University rectors, senior faculty and educational management experts from across the globe at plenary and breakout working sessions and share their ideas and experiences in a series of panel discussions, presentations and case studies.
The agenda of the day conference consisted of the Business working session, Academic Open Session and Healthcare panel, providing an opportunity to speak up about sector achievements and current innovative regional and international projects.
This year the Achievements Forum had a great number of Honourable Official Partners from 4 world continents - Europe, Asia, Africa and South America.
• Prof MD H. Zehra Neşe Kavak, Chair of the Board, Academic Hospital, Turkey
• Mohammad Salem Omaid, President & CEO, Azizi Bank, Afghanistan
• Dr. José Alfonso Esparza Ortiz, Rector, Benemérita Universidad Autónoma de Puebla, Mexico
• Baydaq Aljazaeri, Chairman, Jawar Al Khaleej Shipping L.L.C, UAE
• Henry Jones Aboagye, CEO/Founder, Palmers Green International Limited, Ghana
• Dr. Norberto Garcia, Director, UTIP - Unidade Técnica para o Investimento Privado, Angola
• Sukumar Roy, CEO, CRC Textile Mills Ltd., Bangladesh
• Suryakant Kakade, Chairman, Suryakant Kakade & Associates, India
This year it also hosted the Academic Open Session to provide a panel discussion on modern challenges and solutions in the field of education for prominent European and leading regional Universities, educational institutions, rectors, senior faculty and educational management professionals from 45 world countries. Key-note presenters on digital transformation tendencies in learning, sustainable education for all and multiculturalism essentials in the Universities moved up the audience, provoking ideas sharing and partnership establishment.
The healthcare round-table provided an open medical forum for lead healthcare institutions from 10 countries, moderated by Prof. Costigliola, Honorary President of the Academic Union Oxford (the U.K.), and President of the European Medical Association (Belgium).
The traditional Achievements – 2017 Ceremony culminated the forum. This was a celebration of most prestigious individuals and best regional companies with honourable international awards nominated by the Socrates Award Committee.
Speakers of ‘The international ‘Achievement Forum’ 28 March, Institute of Directors, London, UK
Speakers for Opening and Business Section:
Prof. John Netting, Director General, Europe Business Assembly, UK The globally acclaimed professional with more than 30 years of practical experience in international business development (Rolls Royce, IBM, EBA)
Heinz Wehrle, CEO, ‘Prime Business Destinations’, (UK), Managing Partner, Horwath HTL, Switzerland A leading expert in hospitality and investment sector with 35 years of international experience within the investment management and feasibility (over 16,000 successfully completed investment projects)
Christina Briggs, CEO ‘New World Insight’, President, ICL, UK The internationally bespoke influencer and experienced coach, Tony Robbins Platinum Partnership Member, (USA) and refresh fundamental leadership tools for further growth of your business
Dr. Rui Verde, Law and Economics Department, the Academic Union Oxford, PhD Law. University of Newcastle, UK An efficient legal adviser, chief consultant (political, economic and legal risks concerning investments and activities in South America, Southwest Europe, and Africa), visiting lecturer of International Finance
Academic Open Session Speakers: Ygnacio Martinez Laguna, Vice-Rector of Research and Postgraduate Studies, Benemérita Universidad Autónoma de Puebla, Mexico
Yaz El Hakim, Education Strategy and Communications Director at Kortext, UK ‘Digital Transformation in Higher Education and Educational Technology: Traditional and New University Models’
Jos Eussen, Director RCE Rhine-Meuse, The OPEDUCA Project, Netherlands ‘Learning for Sustainable Development: Merging Key Education Priorities with Entrepreneurship’
Damian Spiteri, Lecturer at University of York, Author of the Bestselling Book on multicultural education, UK ‘Multicultural Education: Challenges of Educating for Equity and Cooperation in the Modern World’
Prof. Michele Riondino, Professor of Canon Law and Children’s Rights in the School of Comparative Law, the Pontifical Lateran University, Rome
Round Table for Healthcare Experts ‘Innovations, Quality Modern Sector Trends’ Moderator: Dr. Vincenzo Costigliola, Honorary President of the Academic Union Oxford, European Medical Association, Belgium
Prof. MD H. Zehra Nese Kavak, Chair of the Board, Academic Hospital, Turkey
It is interesting
The biggest stories from Davos 2017
Stéphanie Thomson Editor, World Economic Forum
With over 400 sessions on the official programme, covering everything from the rise of populism to the global economic outlook, you’d be forgiven for feeling confused by what just happened in Davos. While it would be impossible to condense it all into one article, here are some of the biggest stories. A new leadership role for China Before the meeting even started, China was already making headlines: not only was Xi Jinping the first Chinese president to come to Davos, but he was joined by the largest delegation the Asian giant has ever sent. In an address to participants, Xi emerged as a champion of economic globalization, insisting that
despite a Western backlash, it still had the power to change people’s lives for the better. It was a message repeated by other Chinese leaders
at the meeting, including one of the country’s most successful entrepreneurs, Jack Ma of Alibaba. It’s not globalization that’s to blame for America’s woes, he explained; it’s the way the process was managed. Rather than using the wealth it generated to help all Americans, it was squandered.
Or at least farewell to the USA we’ve known for the past eight years, as President Donald Trump takes office. There’s still a lot of uncertainty as to what a Trump administration will mean, for both the US and the world. Anthony Scaramucci, who from today heads up the White House Office of Public Engagement, was in Davos to provide some clues.
His main message? You’ve got President Trump all wrong.
Whatever this new administration brings, the international community has an important decision to make, outgoing Vice-President Joe Biden told participants: “Whether we reinforce the ties that bind us, or whether we unravel under the pressure, these choices have to be made about every single nation.”
Where now for Europe?
Sticking to the theme of uncertainty, British Prime Minister Theresa May came to Davos to outline her country’s Brexit plans. Despite her assurances that Britain was still open for business, financial leaders didn’t seem convinced, and spoke to journalists in Davos about their plans for downsizing their London offices.
As for the European project more broadly, while its future is still unclear, leaders took to the stage to defend it from critics. National governments need to stop playing the blame game, they said, and instead rally round to save the union.
A new world order
The main sense throughout the meeting was that we’re living through a geopolitical shift not seen since the end of the Cold War – from a unipolar world, with one superpower, to a multipolar one.
“We are moving into a world in which you have many great powers,” economist Nouriel Roubini told participants. “These great powers either work together, or there will be increasing frictions and conflicts on trade and currency, on economics and finance.”
Change is scary, Alexander De Croo, Belgian’s deputy prime minister, told participants in a session on understanding the rise of populism – a theme that cut across the whole meeting. “What you have is anxiety about a world that is changing,” he said.
What will the new world look like?
The question that kept coming up is what that world will look like. Will it be a return to the 1930s, with a rise in selfish national interests at the extent of the broader good? Not according to Davos leaders.
While almost everyone called for a reform to globalization, most people agreed with President Xi: globalization is worth saving.
“There are 3.6 billion people around the world aspiring to better income, to food on the table twice a day, once a day. To turn our back on globalization, to turn our back on helping development, is exactly the wrong
approach. To say that globalization is bad because it destroys jobs is a very short cut for something that needs far more analytical work and understanding,” IMF chief Christine Lagarde said. And it’s not just globalization that needs reforming to face the challenges of these changing times: our governance models must also be shaken up. That’s exactly what new United Nations SecretaryGeneral António Guterres told Davos he would do to the 72-year old institution. “We have a lot of shortcomings that need to be addressed,” Guterres explained. But his plans to make it less bureaucratic and more nimble would help it do more with less, he promised.
Of course, the shape this new world takes will depend on the decisions being made today. Are we happy to live in a world where just eight men control the same wealth as half of humanity? If not, then what policies can we put in place, what systems can we rethink, to actually bring about change? Ideas abounded, from familiar solutions – retraining people to make sure they have the skills they need, reforming tax systems – to more radical ones like a universal basic income. Of course, some of these themes aren’t new, even if they have been pushed to the forefront by the tumultuous events of 2016. In fact, as Christine Lagarde noted in a session on inequality, she was raising alarms four years ago in Davos, and nobody at the time listened to her. But even if we’ve heard some of these things before, there was a palpable feeling throughout the four days that now is the time for change. As Lagarde warned leaders gathered in Davos, “if policy-makers don’t get it now, I don’t know when they will”.
10 achievements from Davos 2017
Oliver Cann Head of Media Content, World Economic Forum Geneva
Our Annual Meeting is often described as a talking shop, but it is also a working meeting for dozens of different communities from all regions of the world, all ages and all sections of society. When Davos ends, our work continues on 50 year-round Forum projects aimed at supporting the United Nations Sustainable Development Goals.
Here are a few of the things that happened at our Annual Meeting in Davos this year:
1) A new fund backed by the Norwegian government
has been launched that will raise $400 million and protect 5 million hectares in countries working to reduce deforestation and forest and peat degradation. The fund could lead to $1.6 billion in deforestation-free agriculture investments, also leading to job creation and economic growth.
2) The Coalition for Epidemic Preparedness
Innovations (CEPI) was officially launched at the Annual Meeting with the aim of quickly reacting to epidemics by creating vaccines that could be released quickly once an outbreak occurs.
3) Signatories to the Forum’s New Vision for Arab
Employment project said they have now helped re-skill 250,000 people since 2013, and are now targeting 1 million current and future workers.
4) The Forum teamed with the University of California
Santa Barbara’s Marine Science Institute to build a coalition to protect the world’s oceans and marine resources; a global commons estimated by the World Wildlife Fund to be worth $2.5 trillion.
5) The Forum mobilized a public-private coalition to
build a responsible, inclusive and sustainable battery
supply chain. The lithium-ion battery market is expected to be worth $70 billion by 2024, yet production is linked to issues such as child labour, health and safety hazards for workers, environmental impacts and lifecycle sustainability.
6) 40 governments and businesses, including some of
world’s largest consumer goods, retailers and recycling firms, endorsed a plan to increase global reuse and recycling rates for plastic packaging from its current 14% to 70%.
7) Social Entrepreneur Gary White of water.org, co-
founded with Matt Damon, announced a major new $1.2 million partnership with Stella Artois to help provide clean water to 3.5 million people.
8) GoodWeave International, another social enterprise,
announced a new international programme, Sourcing Freedom, to stop modern slavery in supply chains. There are estimated to be 21 million people in forced and bonded labour around the globe. The programme is backed by a number of global businesses from across a range of industries.
9) Some of the world’s largest financial service
providers, global IT and telecom companies and the international humanitarian community agreed on six principles to better enable digital cash payments in crisis-affected populations. Digital cash has a proven track record of fostering entrepreneurialism and boosting local economies.
10) Last but not least, 100 leading businesses
signed the Compact for Responsive and Responsible Leadership. The Compact was developed with the Forum’s International Business Council which will now develop a framework which will allow the measurement of a long-term approach.
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These 5 Trends Will Shape the Global Economy in 2017
Every year brings its share of events that take us by surprise and shake up the global economy. Here are 5 trends to focus on in the new year.
Europe Continues to Unwind
If the surprising Brexit vote were Europe’s only problem, European policy makers and stakeholders in the continent’s economy could rest easy. But Britain’s exit from the EU could be the least of its worries, according to Carl Weinberg, chief economist with High Frequency Economics. He argues that a recent referendum in Italy reaffirmed the appeal of populism and anti-European sentiment, showing just how fragile the entire European project is.
It’s not clear when Italy’s next elections will be held (the latest would be February 2018), but the referendum results suggest that mainstream parties that favor a unified Europe are losing support fast. “If Italy moves out of the Euro Zone and away from the European Union, the economic and financial implications will throw European economies into recession,” he writes in a recent analyst note, arguing that the process of unwinding Italian banks’ obligations to the rest of the EU could spark a financial panic.
China Continues to Slow
President Xi Jinping will begin the final year of his first term in 2017, and the challenges he faces managing the world’s second largest economy are manifold. China’s government is aiming for growth rates of 6.5% over the next five years, but recent experience has shown that reaching or even exceeding these goals will not lead to a stable Chinese economy unless those targets are hit in a sustainable manner.
Since the financial crisis, policymakers have propped up growth by supporting the corporate sector with cheap credit to invest in infrastructure and China’s formidable export sector. But that credit has been increasingly funneled into less productive investments, leading overall debt to soar. According to a recent analysis by the International Monetary Fund, “overall credit growth has been averaging around 20% per year, much higher than nominal GDP growth.” That’s not a sustainable strategy for future economic growth, and President Xi must do more to rebalance the economy towards consumer spending in the coming year if the Chinese economy is going to continue to power global growth going forward.
It’s Trump’s Economy Now
Halfway around the world the new American president, Donald Trump, will be embarking on his own substantial reform projects. One such effort will be a program of tax cuts and infrastructure spending, which independent analysts say will balloon the federal government’s deficit at the same time that spending on entitlements like Medicare and Social Security is on course to soar.
Depending on how the new administration structures its infrastructure investments, that spending could be a boon to growth going forward, and one that could be bought cheaply given today’s low interest rates. These decisions, however, will be made based on politics as much as economic fundamentals. The power struggle between Republican leaders on Capitol Hill and the White House will be one that economic forecasters follow closely, as it will determine whether a traditional Republican vision of small government and tax cuts wins out over Trump’s populist impulses.
But Also Janet Yellen’s
The one governmental institution that the Republican Party doesn’t control is the Federal Reserve. The independent central bank will be tasked with managing the money supply in reaction to new fiscal policies. Already predicting an acceleration in the pace of interest rate increases, Fed Chair Janet Yellen may be forced to move faster in that regard if generous fiscal spending overheats the labor market and leads to inflation significantly above the central bank’s 2% annual target.
Trade Will Remain at the Fore
The most stable global policy stance of the past 70 years has been the steady march toward ever-freer trade. But the low-hanging fruit of removing trade barriers has long since been picked. And 2016 showed us that the electorates in the wealthy world are no longer going to brook policies that they feel sap their potential income growth in return for imperceptibly cheaper products and much higher pay for a select few.
All eyes will be on President-elect Trump as he sets the tone for global trade. Will he move to pull out of NAFTA, or will he set his sights on reshaping trade with China, possibly running afoul of World Trade Organization rules? Trump may even play a role in the aforementioned Eurozone drama, as he has indicated his willingness to quickly negotiate a trade deal with Britain, making the option of leaving the EU a more enticing one for states that continue to be members.
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Richest Countries in the World in 2016
It is true that there are many countries with high GDP. These nations have built themselves with lots of developmental projects and create more chances of the jobs for local and international youngsters.
Australia is quite a famous country, known for its remarkable tourist attractions. It is a superb state that provides the people with high class educational and healthcare facilities. The GDP of Australia is increasing tremendously.
Hong Kong, a place where people come with lots of expectations in their minds. This Asian country has created many nice projects in almost all fields of life. Tourism industry of Hong Kong is also great.
Luxembourg is one of the richest countries in the world, as per the reports of IMF, and World Bank. It has kept control over the employment level and people are provided with great education facilities.
Macau is a popular and well developed country. It has been known for its top notch economic projects and people are provided with almost all facilities of life. The GDP of Macau is increasing and soon this country would top any of such lists, hopefully.
Norway has been in the list of richest countries because of its well-developed economical industry. Norway has created multiple jobs, provides education and medical facilities to the individuals.
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Here we are discussing top 10 richest countries in the world in 2016.
Qatar is one of the most improved and powerful countries in the world. It has gotten better with the passage of time. This country has no short of beautiful places. Qatar is the place where people come to fulfill their dreams.
Singapore is one more top notch and wonderful country with high grossing. Singapore is a land of dreams, opportunities, and lots of facilities provided to its citizens.
Switzerland is a rich country with reliable GDP per capita income. The every person earning of individuals of Switzerland is very high. Projects are initiated to make sure that people get no financial problems.
United Arab Emirates is one of the highest grossing countries in the world. UAE is gifted by the natural resources especially oil. Great job opportunities are created for manpower of domestic and international level in UAE.
USA is one of the leading countries in the business world, but it is somewhat behind due to the reason that America spends lots of dollars on wars and social conflicts. Americans are provided with great paying jobs, and rights of freedom.
http://top10for.com/top-10-richest-countries-in-the-world/ - 13 -
On the Technical Inventions in the Economy
Professor of economics, Russia, Russian Academy of Natural Sciences, honorary doctor of science of the International Academy of Natural History, member of the Academic Union Oxford
Abstract. Urgency of technical inventions in economy grows every year. This article explains the essence of an invention, its novelty, practical significance. A system of managing multiple variable data on consumer product characteristics consists in modeling a list of system sequences that consists of 6 stages. Every stage includes its own stages, operations, and tools of data management, but they are connected and united into an integrated system with a common scheme and have their contribution in the achieved technical result. A technical result of an invention consists in increasing effectiveness, reliability, and accuracy outcome data for situational-strategic of the product program. Coordination of strategic and current programs in order to achieve situational balance between supply and demand will lead to an increase not only economic but also social efficiency.
Keywords: invention, model, tool, situational-strategic program, products, a synergistic result, the list of sequences of system.
Nowadays only research on a verge of several scientific directions can create a real progress in science. Therefore, from my point of view, technical inventions in economy are more urgent today than they have ever been. It is critically important for creating economy of future.
So far, the view prevailed that the technical solutions and the results are not possible in the economy, and only economic effect is real. The use of models for management synthesis, generation and conversion of the plurality of variable data of
the product offers opens wide prospects for technical inventions in the economy. A special urgency in this case obtains solution to technical problem of managing a plurality of variable of the product data as a result of the interconnected synthesis, which generates the best possible synergistic result. Technical solutions in economy have significant distinguishing features: first of all, inventions in economy always are dealing with economic processes taking place on the basis of economic laws and economic logic, and therefore, one should consider not only laws of technics, but also economy; secondly, any invention in the economy depends on the subjective factor, because any technical solution always relate to the function of the economic system, which includes not only the object but also the subject; thirdly, any technical decision within economy is always studied within a system of temporary and spatial coordinates that are mutually related, since all the processes in the market economy are integrated in space and time; thirdly, any technical decision within economy is always studied within a system of temporary and spatial coordinates that are mutually related, as all processes happen within an I integrated space and time in market economy; fourthly, any invention in the economy reaches not only the technical result, but also economic effect, since increasing the technical performance and accuracy of the process is necessary in order to provide greater economic benefit.
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It is important to distinguish methods and rules of economic activity from the tools to manage the data. From the first sight it might seem that methods that define methodology of any process and tools of this process are closely related and can be hardly separated. In reality them are easy to distinguish from each other. Methods and rules of economic activity are not material substance, whilst tools have their materialized essence. For example, to manage an economic system I recommend use methods of the national-economic, systemic, comprehensive, commercial, dynamic approach. Methods of price-formation, prediction, economic-mathematical analysis, economic stimulation, etc. are widely used in economic practice.
What is the instrument? The tool has a material substance; it is a material object, a mechanism, a machine. For example, an algorithm of comparing and evaluating data, matrix of data synthesis and transformation, machine for situational correction of data, materialized in process of implementing a certain invention. Thus, the tools are material objects, with help of which control the output data of the product offerings
In process of developing a claim for invention: “System controlling a plurality of variable data of consumer indexes of products in order to optimize them considering temporary and spatial parameters», innovation are designed in two aspects. On the one hand, process was modeled and list of system sequences was developed, on the other hand, special tools were created at each stage of the system controlling a plurality of variable data of consumer indexes of products. The invention consists in the management of the officially registered data, which is a material object, with the help of tools materialized impact on the data in order to enhance the beneficial effects of the product, which is also a material object. Thus, the invention is absolutely material substance. This invention solves the technical problem of finding the best synergetic result in the process of managing a plurality of variable data due to increasing number of possible solution variants as well as by increasing the speed, accuracy, efficiency, economy of choosing the optimal solution. The invention has a scientific novelty, since the first time the author has described the economic process in the form of a digital model.
During the modeling process of data management each element was presented as a multiplicity of related system values. It is appropriate to recall definition of a system. If an object consists of totality of mutually-related elements, and sum of their characteristics does not equal to sum Characteristics of the object, we are dealing with a system. As a result, a list of sequences was generated, and it includes 6 stages of management process a plurality of variable data, each of them was described by a scheme and included its own interrelated stages, each of them consisted of a list of sequential operations.
My invention provides unity, as characterized by the final scheme, linking all stages, sub-stages and operations into an integrated system and is characterized by such a list of the operations sequence, in which each operation is a necessary step for a subsequent operation. Technical result, received after each stage, is logically connected to carrying out operations and receiving technical result of the next stage. The invention includes informational block that generates the required database and system of managing it (stages 1 and 2); bloc of analysis and forecast dynamic series of demand data, which serve as a basis for forecast data of the product offerings (stage 3); block of strategy that generates perspective
and current product strategy (stage 4); block of forming the products programs that generates multiplicity of output data within strategic development program (stage 5); block of transformation, an situational data correction, that generates output data of current programs, but within limits defined by strategic development program (stage 6).
At each stage, generated special tools for data management. A database is a tool of storing and systematizing data. Objectrelational model is a tool to establish relationships between different databases. Graphs of dynamic prediction are tools of defining supporting data of demand for a product during its life cycle. Graphical informational models are tools of forming a block of strategies. The constructed algorithms are tools of comparing, evaluating data, and selecting optimal variants of data correction. Graphs of multi-dimensional modeling are tools of finding solution variants considering optimization of several parameters. Matrices are tools for optimization, balancing, planning and maneuver a plurality of variable data, as well as the machines of their situational adjustments in order to find the best synergistic effect. It is recommended constitute different variants of the matrix not only in terms of price, quality, volume goods positioning, but also in terms of time and spatial parameters for further selection of an optimal variant. The matrices allow us to establish a balance on many parameters between supply and demand is largely due to synchronization of time cycles and to maneuvering on the market of the segments of the product positioning.
Thus, on the one hand, each tool was created and materialized at the recommended system generating data, and on the other hand, each of them on his stage of the process is a tool effects on the data in order to generate a plurality of output data of the final document – situational-strategic product program. All of the listed tools of systematizing, predicting, planning, synthesizing, and transforming data are founded on the use of IBM for information processing that increases efficiency, speed of data procession, and allows developing and evaluating a greater number of solution combinations.
Technical result of an invention consist in such basically new content and sequence list of the modeled system and materialized tool of data management, which allows to find the best synergistic result, achieve greater than that of all known analogues of accuracy, reliability of the outcome data of strategic and situational (current) product programs, and also to provide greater speed and effectiveness of program documents formation. With the use of matrices that are reflected on the interactive display with replaceable panels will be possible to correct data of the current program in real time but within limits, defined by strategic development program. The invention has great practical significance. An invention can be in demand by various sectors of national economy, but mostly by industrial enterprises.
The invention opens up broad horizons for the formulation and solution of technical tasks in the economy. This will increase the return on economic processes, the useful effect of the product, and lead to growth in social effect due to achieving balance between demand and supply in time and space that, in its turn, will provide for increase in efficiency of specific enterprises and the national economy as a whole.
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