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Journal section "Socio-economic development strategy"

Is Transition in the Russian Economy Complete?

Kul’kov V.M.

4 (40), 2015

Kul’kov V.M. Is Transition in the Russian Economy Complete?. Economic and Social Changes: Facts, Trends, Forecast, 2015, no. 4 (40), pp. 49-59. DOI: 10.15838/esc/2015.4.40.3

DOI: 10.15838/esc/2015.4.40.3

Abstract   |   Authors   |   References
A quarter of a century passed since the beginning of market transformation (transition) in Russia; nevertheless, there are serious doubts about whether the transition is complete. The effective transition to a new type of economy should ideally be a period of transformation, modernization and the formation of a national economic model. Only in this case can it be qualified as full, adequate, and constructive. Such combination has not taken place in Russia; it seems as if the market transformations were taking place independently, and this is the root of Russia’s many contemporary problems. The current crisis in the Russian economy primarily reflects the pendency of these tasks that were necessary to be solved from the very beginning of transformation. This crisis is first of all a focused expression and continuation of the transformation and reproduction crises in the national economy, the crisis of the current defective economic models and the then pursued economic policy. External factors only facilitated the exacerbation of Russia’s internal problems. In order to respond effectively to such a large-scale crisis it is necessary to consider all its aspects and underlying causes originating in the challenges of the transition period. Only the implementation of economic modernization and the formation of an effective national economic model is able to bring the Russian economy to a new level of development and thus to bring the transformation, which is lagging behind due to historical reasons, in line with these processes. In this case there will be good reason to conclude that the final border of the transition period is overcome. A new model of Russia’s economy must be adequate to the entire set of national-specific factors and strategic and vital development goals that Russia has. The core of modernization must be new industrialization, which is characterized by the transition to automation, computerization, greening of industrial production, the transition to a new type of reproduction – science-intensive, high-tech and environmentally-effective and accompanied by a corresponding change in the nature of economic relations and institutions

Keywords

modernization, transformation, new industrialization, russian model of economy

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