BULLETIN
of Udmurt University
Sociology. Political Science. International Relations
udsu-logo

Article


Year
2017
Issue
3
Pages
327-337
<<
>>

Section СОЦИОЛОГИЯ. ПОЛИТОЛОГИЯ. МЕЖДУНАРОДНЫЕ ОТНОШЕНИЯ
Title FINDING A WAY IN THE POST-INDUSTRIAL WORLD: TRADITIONAL INDUSTRIAL CENTERS OF THE USA AND RUSSIA IN THE NATIONAL BANKING SYSTEMS (1980s - 2010s)
Author(-s) Nikitin L.V.
Abstract Among the many economic and social issues common to Russia and the West for several decades, a special place belongs to the problem of adapting traditional centers of heavy industry to the conditions of global competition and post-industrial shifts. One of the most promising lines of further economic evolution for such cities is the development of the banking sector that can create skilled jobs and be an important source of tax revenue. The main objective of this article is to consider the results that have been achieved in the sphere of credit and finance by a number of American and Russian cities from the liberalization of national banking systems in the 1980s to the present. The research embraces 10 historical centers of the coal and metallurgical industry, as well as heavy engineering (Birmingham, Buffalo, Detroit, Cleveland and Pittsburgh in the USA; Yekaterinburg, Izhevsk, Kemerovo, Magnitogorsk and Chelyabinsk in Russia). The analysis is based on large arrays of statistical data, supplemented by non-quantitative information. The study shows that these cities, having in the 1980s a large starting potential for the formation and development of strong banking corporations, later showed sharply different and, very often, unstable indicators. Major changes occurred during the economic crises (the turn of the 1980s - 1990s, the turn of the 1990s - the 2000s, 2008-2009) and as a result of expansion of business from the largest financial centers (primarily from New York City or Moscow). Nevertheless, for the last 30-35 years, at least two examples of the establishment of old industrial centers as powerful financial dominants have been formed (Pittsburgh in the USA and Yekaterinburg in Russia), to which other cities can also be oriented.
Keywords Russia, USA, 1980s - 2010s, old industrial cities, postindustrial development, banking
UDC 9(С)6: 9(73)
References
  1. Bank Rossii. Informatsionno-analiticheskie materialy. Bankovskij sektor. URL: https://www.cbr.ru/ analytics/?PrtId=bnksyst
  2. Bank Rossii. Informatsiya po kreditnym organizatsiyam. Spravochnik po kreditnym organizatsiyam. URL: https://www.cbr.ru/credit/main.asp
  3. 3. Dengi. 24.04.1996.
  4. Zakon «O kooperatsii v SSSR» (Zakon SSSR ot 26 maya 1988 g. # 8998-XI).
  5. Zakon «O strahovanii vkladov fizicheskih lits v bankah Rossijskoj Federatsii» (Federalnyj Zakon RF ot 23 dekabrya 2003 g. # 177-FZ).
  6. Kirsanov R.G. Perestrojka. «Novoe myshlenie» v bankovskoj sisteme SSSR. M.: Izd-vo «I.P. Kashirin», 2011. 200 pages.
  7. Kommersant. 19.05.1993, 18.05.1994, 11.06.1995, 28.11.1997.
  8. Luzanov A.N. Geografiya bankovskoj deyatelnosti. M.: MAKS Press, 2002. 252 pages.
  9. Nikitin L.V. Geografiya bankovskogo sektora v SSHA i Rossii: paralleli i razlichiya (1980-e - nachalo 2010-h godov) // Obschestvennye nauki i sovremennost. 2015. # 3. S. 128-140.
  10. Nikitin L.V. Prityazhenie Yuga: istoricheskie sdvigi v razmeschenii bankovskogo biznesa SSHA (1980-e - nachalo 2010-h gg.) // Vestn. Yuzhn.-Ural. gos. un-ta. Ser.: Sotsialno-gumanitarnye nauki. 2014. T. 14, # 4. S. 41-44.
  11. Popkov V.V. Banki na perehode. M.: DeKA, 2001. 432 pages.
  12. Saharov N.A. Sovremennaya monopolisticheskaya elita SSHA. M.: Mezhdunar. otnosheniya, 1991. 168 pages.
  13. Smirnyagin L.V. Rajony SSHA: portret sovremennoj Ameriki. M.: Mysl, 1989. 379 pages.
  14. Federalnaya sluzhba gosudarstvennoj statistiki Rossii. Ofitsialnaya statistika. Naselenie. Demografiya. URL: http://www.gks.ru/wps/wcm/connect/rosstat_main/rosstat/ru/statistics/population/demography.
  15. Bovenzi J. Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles. Hoboken: Wiley, 2015. 223 p.
  16. Federal Deposit Insurance Corporation (FDIC). Industry Analysis. Bank Data & Statistics. Institution Directory. URL: https://www5.fdic.gov/idasp/advSearchLanding.asp.
  17. Federal Deposit Insurance Corporation (FDIC). Industry Analysis. Failed Banks. Historical Statistics on Banking. URL: https://www5.fdic.gov/hsob/SelectRpt.asp?EntryTyp=30.
  18. Federal Reserve Archival System for Economic Research (FRASER). Economic Data. URL: https://www.fraser.stlouisfed.org/theme/21.
  19. Moretti E. The New Geography of Jobs. New York: Mariner Books, 2013. 304 p.
  20. New York Times. 05.10.1993, 27.09.2002.
  21. Pittsburgh Post-Gazette. 05.12.2006.
  22. Roberts R., Kynaston D. The Lion Wakes: a Modern History of HSBC. London: Profile Books, 2015. 785 p.
  23. Seidman W.L. Full Faith and Credit: The Great S&L Debacle and Other Washington Sagas. New York: Beard Books, 2000. 320 p.
  24. The Competitive Equality Banking Act (CEBA) of 1987. Pub. L. 100-86.
  25. The Depositary Institutions Deregulation and Monetary Control Act (DIDMCA) of 1980. Pub. L. 96-221.
  26. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Pub. L. 111-203.
  27. The Garn-St. Germain Depository Institutions Act of 1982. Pub. L. 97-320.
  28. The Gramm-Leach-Bliley Financial Services Modernization Act (FSMA) of 1999. Pub. L. 106-102.
  29. The Riegle-Neal Interstate Banking and Branching Efficiency Act (IBBEA) of 1994. Pub. L. 103-328.
  30. United Nations Statistical Division. National Accounts Main Aggregates Database. URL: http://www.unstats.un.org/ unsd/snaama/dnlList.asp.
  31. United States Census Bureau. Population. Population Estimates. Historical Data. URL: http://www.census.gov/ popest/data/historical.
  32. Whitney M. Fate of the States: the New Geography of American Prosperity. New York: Penguin Group (USA), 2013. 272 p.
Full text