Evaluation of the Effectiveness of Innovative Management Projects in the Currency of the World

The issues of algorithmization of achieving the sustainable development goals of economics of developing countries of the world are considered. The place of the S. Baizakov’s model system is determined, which is compared to the FAO models for ensuring the productive safety of the world countries, proposed by the World Bank, as well as by the OECD management criteria system. This study was financially supported by grant No. AP05131044 from the scientific and technical programs and projects of the Ministry of Education and Science of the Republic of Kazakhstan.


employees and engineers.
As a result, the sum of direct and fixed costs represents the operating prime cost of the output. The amount of operating prime costs, depreciation of fixed assets of the enterprise, including taxes, determines the total prime cost of production.
As a result, the cash flow by enterprise development years is calculated according to the formula: Hence, the net present value-NPVО (i) is calculated according to the next formula: where r-discount rate (money devaluation rate), indices 1, 2, 3, , n  -discount intervals: years, quarters, months, days.
At that time, accounting and analysis based on the Direct Costing system discovered great opportunities to set tight connections between production volume, gross and net profit, prime costs and gross revenues. They allowed to practically use it in the work of mathematical economists, production function methods, econometrics and regression analysis. Also, more works should be added: U. Nordhaus and P. Romer who made a step-back towards accounting of effectiveness of the use of local ecology and economy resources and initially evaluate the achievements of science 1 .
In recent years, thanks to initiatives of the Astana Economic Forum, largescale global research has been carried out in Kazakhstan. Among them, the work of S. Baizakov, Ye. Utembayev, N. Akimov, N. Sagadiyev, M. Amrenov, K. Berentayev is considered important. Their works are supported and responded by analysts from developed Western countries.
Ragnar Bentzel was right in his speech at the presentation of the works of Kantorovich and Koopmans, as a representative of the Royal Swedish Academy of Sciences noting the obviousness that "the main economic problems can be studied in a purely scientific sense, regardless of the political organization of the society in which they are studied".
In general, new horizons are opened up on the development of the scientific 1 The Swedish Academy, in its message on the laureates, explains that U. Nordhaus and P. Romer created economic models which explain how the merket economy interacts with nature and knowledge. Thus, P. Romer in his worksn showed how knowledge could serve as an engine for long-term economic growth. While the works of U. Nordhaus describe interaction between society and nature. American Journal of Industrial and Business Management and technological base itself for recording and analyzing the levels of production, employment, incomes and prices, and thereby to fill the shortcomings of the Direct-Costing system in the development of human capital and the initiative of the busiest person in the economy. To this end, firstly, it is necessary to ensure that the methods of managing the development of human capital, as a key component of the development of the productive forces of developing countries of the world, are in line with the conditions for the development of human capital in the developed countries of the world.
Secondly, it is recommended to ensure that the objectives of operational planning are consistent with long-term sustainable development goals for a strategic perspective. Thirdly, identify key operators that allow integrating commodity and financial markets through the evolutionary development of Keynesian and monetarist theories.
Fourthly, develop a new multiplier for scientific and technological progress, ensuring the integration of capital development models in their commodity and monetary forms into the system of market relations.

Setting the Task of Digitization of Sustainable Development Goals and the Main Operators of the Algorithm for Its Implementation
At the last Astana Forum (Astana, June 2017), President of the state N. A. Nazarbayev stated the need for new methods for calculating indicators that measure the country's wealth and the well-being of citizens, as the frequently used indicator of GDP has a number of significant flaws. GDP does not reflect the long-term nature of economic activity, does not take into account damage to the environment, including the depletion of natural resources. In addition, it does not reflect the quality of life in a particular country, GDP per capita does not show the real well-being of citizens, does not consider the income stratification of the population. What I say is, the world community can adopt an updated methodology for calculating GDP on the basis of "green" GDP and such indices as the human development index, the OECD Better Life Index. It should adequately reflect the need for a balanced development of countries". Back in 2009, the President of the state wrote about this in the articles "Keys to the Crisis" and "The Fifth Way" [1] [2], and in his Address to the people of Kazakhstan in 2018, he indicated specific ways to implement his project on a new model of economic growth. Algorithmization of the task of sustainable development of developing countries of the world at the Economic Research Institute is carried out by a limited number of operators, allowing to manage effectively the mutually agreed movements of indicators of economic and financial markets, up to the implementation of their goals.
Setting the task of achieving the sustainable development goals, and the operator tool for its algorithmization is aimed at implementing an equivalent transfer of national money of developing countries to their dollar equivalent, and use on a parity basis the whole arsenal of analysis and forecasting methodology devel-oped by international organizations, such as UN and OECD. This formulation of the task and the chosen tool for its implementation, according to the developers, proceeds from the objective need to ensure parity of the national money of developing countries with the national currencies of developed countries that effectively interact with the world reserve currency, represented by the US dollar.

Composition and Content of Key Operators Integrating Product and Financial Markets through the Development of the Theories of Keynesianism and Monetarism
The proposed operators are based on a qualitative theory of money developed by S. Baizakov [3]. This theory was built by the evolutionary development of economic laws, identified by supporters of the macroeconomic theory of J. Keynes [4] and the quantity theory of money of M. Friedman [5]. And the correspond- • Macroeconomic operator for determining the purchasing power of national money, which is expressed as a multiplier of the dollar equivalent of the aggregate of the true prices of goods and services of developing countries-1 pc pp = .
• Intersectoral operator for determining the true price of each product or service in developing countries by calculating the savings in working time, which is determined by labor equivalents-t i , the direct costs of local ecological and economic resources for producing a product-i, and labor equivalents-T j , total production costs of the same product.

System of Operators of Developing Countries as a Tool for Further Liberalization of the World Economy
Based on the above system of operators, developing countries can fully establish the dollar equivalent of their money. As a result, they can apply the existing in-  [6]. According to the results of research presented by Kateryna Schroeder (World Bank), the World Bank has been still using the multiplier of the productivity of local ecological and economic resources [7]. So, according to K. Schroeder, this multiplier is developed in its original form, by assessing the effectiveness of domestic spending on the resources of developing countries in Central Asia when exporting agricultural products to China (DRC) [8]: where d ij c and f ij c represent, respectively, the domestic and foreign costs of input products "i" in the country.
In case of export of meat, for example, from the countries of Central Asia to a specific country (China), if the multiplier DRC 1 ij < , this exporting country "i" has a "comparative advantage" in the production of goods "j" compared to China, that is, its goods (meat) cost less than the same goods in China (in the production for one dollar). Accordingly, the smaller the indicator DRC ij in Central Asian countries, the greater will be the comparative advantage of these countries.
As can be seen, the constant for evaluating the efficiency of exports of devel-  1 DRC    Table 1 reflects only the abstract contribution of all participants, first of all, the real and monetary and financial sectors of the economy of Kazakhstan, without detailing the contribution of each of them. That is, there is a need for such detail on the basis of identifying the causes. According to W. Leibniz, whose name was used in the name of famous institute of Hannover, "Reality can be understood for its reasons" Therefore, the establishment of causes will be the basis for making new managerial decisions that improve the "health" of the economy.
The second operator, according to Baizakov, seems to be a multiplier of scientific and technological progress, which is essentially macroeconomic, and by its nature, scientific and technological progress is the main engine of innovation in managing not only the development of the real and monetary and financial sectors, but also in the managerial economics sector (M. Bayeux).
In Western economic literature, the STP multiplier is known by the name "TFP" only as an indicator of the level of technological progress. According to K. Marx, "the first most important of the innate properties of matter is motion, not only as a mechanical and mathematical motion, but even more as aspiration, life spirit, tension or, using the expression of Jacob Boehme, suffering [Qual] of matter" [ [7], p. 142].
The driving force, the vital spirit of economy is any desire of the three above-mentioned sectors of economy, which is called scientific and technological progress. However, the most common models of econometrics and production functions do not fully reflect the scientific and technological progress (STP). In general, the TFP technological progress indicator can be predicted based on the release of the system of national accounts. Respectively, parameters α, β and γ represent the elasticities of the above three factors.

Consequently, it is scientific and technological because the technology is being
Thus, the Bobojonov-Tleubayev's model can be used in predicting the system of the UN sustainable development goals. The advantage of their model is that technological progress is expressed by the production attitude not of two factors, but of three factors: labor, capital and natural matter. Due to the lack of such a three-factor approach, which is systemic, Kazakhstan and other developing countries suffer a shortage of analytical and forecasting tools for long-term forecasting.
As far as short-term forecasting is concerned, the Kazakhstan's interpretation of the multipliers of scientific and technological progress was previously described in the article by Baizakov and Shuneyev (2014) in [11]. Unlike the mul-

STP Multiplier Is the Key to Integrating the Development Patterns of Capital in Their Commodity and Money Forms into a System of Market Relations
As you know, according the definition of the value of a dollar using a macroeconomic textbook (reprinted in Russia more than 13 times), "value of money is the amount of goods and services that can be exchanged per unit of money (dollar); and the purchasing power of a monetary unit is the reciprocal of the price level" [12].
This means that the purchasing power of the US dollar (pp), as the price of the reserve currency is determined by the formula: where pb is the growth rate of the GDP deflator, c is the growth rate of the multiplier of scientific and technological progress.
This relation shows that the growth rate of the GDP deflator is decomposed into two indicators: where pc is the true price of national money in circulation, the market price of which is determined in the currency market of each country (M).
But how is the money supply in circulation determined? So, according to the basic economic law of the quantity theory of money, the following equality takes place: where v is the velocity of money circulation according to the quantity theory of money.
According to the basic law of the qualitative theory of money, not only the cost of nominal GDP (NGDP) is circulated, but also the cost of the volume of S. Baizakov, N. Baizakov American Journal of Industrial and Business Management total costs for its production (X): where v х is the velocity of money circulation according to the qualitative theory of money.
This implies that the velocity of money circulation according to the quantity theory of money is connected with the velocity of money circulation according to the qualitative theory of money [13]: 1 c µ µ + = is the multiplier of scientific and technological progress, and "v х " is the multiplier of the total costs of producing nominal GDP.
Since х v с v = * , the money supply-M is determined by the formula: is the true price of deficiency of the dollar equivalent of national money, as a liquid commodity, in relation to reserve currencies.
That is, in case of Kazakhstan, the policy of the National Bank should not focus on inflation targeting, but on reducing the deficit of the money supply in circulation. It is this multiplier " х с v * " that should become a guideline for setting the discount rate of the Central Banks of developing countries of the world.
As a result, nominal GDP in current national money will grow indefinitely, and the national money itself will depreciate indefinitely. This conclusion in relation to Kazakhstan, as an intensively developing country, with the intention to enter the 30 best countries in the world, according to its economic development, makes it possible to argue that the current focus on the nominal GDP indicator is necessary but not sufficient. And, therefore, relying directly on the real GDP indicator obtained from it distorts the true rates of economic growth.
The World Bank report (2017) mentions that the development of the political system of Kazakhstan indicates the transfer of activity on economic policy management from the Administration of President to the structures of the Government and Parliament and the expansion of powers of local executive bodies. Kazakhstan has announced an increase in the competitiveness of the economy Modernization 3.0 and the implementation of five priorities for technical modernization, the business environment, macroeconomic stability, improving the quality of human capital, strengthening security institutions and measures to combat corruption.
However, the implementation of the Superprogram of Modernization and the five priorities faced an imbalance on the part of the readiness of state (heads of the economic bloc of the government, the National Bank) and market institutions to synchronize their actions with the problem of human capital development.
This imbalance led to a rather unexpected for outsiders' view, but an absolutely adequate response on the part of the authorities to the demands of society, namely focusing on one of the five priorities-the development of human capi-S. Baizakov, N. Baizakov American Journal of Industrial and Business Management tal. This was announced by the President of the state this year, noting the need to implement the Five Social Presidential Initiatives (mortgage "7-20-25", student housing, etc.).
At the same time, it should be assumed that the potential of these five initiatives will be difficult to assess and maximize in all spheres of the country's activities without an appropriate methodology. Such a methodology should be based both on the existing traditional indicators and on the new three multipliers associated with the implementation of science and technology in the life of every citizen of the country. As a result, they are aimed at improving well-being by increasing human capital and harmonizing relations in the three chains "manscience" (STP/TFP multiplier), "man-man" (multiplier of socio-economic progress), as well as "man-society" (multiplier of socio-political progress).

Initial Conditions of the Comparative Analysis
The initial base was the information of the consolidated balance of Sokolov-Sarybai Mining Production Association (SSGPO) for 2016, as a conditional example for carrying out experimental calculations. It is supplemented with a forecast for 2017 and an expected estimate of data for 2018. For the forecast of development of SSGPO for 2019-2030, a database of project data for its operational and investment development, exclusively defined in conventional numbers, was used. Consequently, the analysis presented below has only an experimental character for testing the algorithm for solving the problem according to the S. Baizakov's model [14] [15].

The Analysis Was Carried Out by Identifying the Causes of Risks and Risk Management in the Real Sector
The level of innovativeness of the technology in each option of the real sector is determined by the productivity of the costs of current material resources (which are used to produce the final product). And the function of scientific and technological progress is defined as the result of the productivity of material resources [15]. Thus, Table 2 shows the design scheme for determining the function of scientific and technological progress of one of two options by year of the analytical period, where its last columns express the indicators of the second option for 2018 (expect.) and 2028 (forecast). According to a given database of design data, the Baizakov's calculation work algorithm is able to assess any prevailing macroeconomic or microeconomic situation.

Analysis of the Innovativeness of Projects (and Operational Plans) in the Financial Sector and Assessment of Cost-Effectiveness of Their Implementation
The analysis was performed by identifying the causes, as sources of risk and risk In general, the function of socio-economic progress is defined as the result of the productivity of expenses for normal profit, defined as an indicator of rational savings. Thus, Table 3 shows the calculated scheme for determining the function of socio-economic progress over the years of the analytical period in our illustrative  Table 2 and Table 3 were compiled according to the method of determining the multiplier of S. Baizakov, and the sources of the used data are the same.

Analysis and Assessment of Socio-Political Progress in the Development of the Managerial Economics Sector
The innovation of technology in the managerial economics sector is determined by the product of the multipliers of scientific and technological progress and socio-economic progress (c * q). Innovation, in this case, means both the novation itself, the innovation, and the process, that is, the potential capable of introduc-  Table 3 and Table 4 were compiled using the algorithm for determining the multiplier of S. Baizakov, on the basis of the previous information of option 2.

Conclusion
Therefore, the use of the Baizakov's model means that in developing countries the passion for speculative capital ceases to exist, and it is not the subjective propositions of the quantitative theory of money that begin to work, but the objective laws of the qualitative theory of money. In conclusion, the authors note that the theory of preserving the quality of money without applying the gold standard and in the context of globalization and digitalization is called the qualitative theory of money by analogy to the quantity theory of money of M. Friedman.

Founding
This study was financially supported by grant No. AP05131044 from the scien-S. Baizakov, N. Baizakov