Journal of Powder Metallurgy & Mining
Open Access

Short Communication

Rent Assessment in the System of “Smart Regulation” Rare Earth Business

Bogdanov SV^* and Chernyy SA

State University of Management, Moscow, Russia

*Corresponding Author:

Bogdanov SV
State University of Management, Moscow, Russia
Tel: +7-915-330-57-65
E-mail: bsv-29@yandex.ru

Received Date: June 24, 2014; Accepted Date: July 07, 2014; Published Date: July 28, 2014

Citation: Bogdanov SV, Chernyy SA (2014) Rent Assessment in the System of “Smart Regulation” Rare Earth Business. J Powder Metall Min 3:123. doi: 10.4172/2168-9806.1000123

Copyright: © 2014 Bogdanov SV, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

Russian deposits are quite comparable level of rent in respect of the mastered foreign sources of raw REE. This confirms the necessity of activation of works on extraction and processing of ores. Deposits are highly profitable rare for modern business. Further improvement and increasing the efficiency of Russian rare earth business it is advisable to take into account the opportunities of application of system “smart regulation”. The core of this system is a complex and systematic regulatory impact assessment, which involves the integration of all stakeholders in the process of making and implementing decisions on state regulation in order to achieve maximum economic and social benefits in the implementation of state intervention at all levels of government.