Economic Growth in Modern Russia: Problems and Prospects in the Context of Neo-Industrial Paradigm
Economic Growth in Modern Russia: Problems and Prospects in the Context of Neo-Industrial Paradigm

Summary/Abstract: The article reveals the relationship of the autonomous recession of the Russian economy with an established model of economic growth based on raw material export; the system flaws, distortions and contradictions of the Russian economy have been shown, making the mentioned model of GDP growth unsuitable for solving large- scale problems of the modern age. The authors substantiate the necessity of the transition of the Russian economy to a new type of economic development of the neo- industrial type. An evaluation of the quality of economic growth in Russia of the 2000s from the perspective of the criteria for sustainable and inclusive development has been undertaken. A macro model of the innovation system of a particular subject of the Russian Federation has been built, which allows judging the dynamics and intensity of innovation processes in the regional economy, disparities in the regional innovation system development. A series of measures is proposed, aimed at creating a neo-industrial model of development of Russia, the key ones being: development of a competitive innovative business environment, widespread and effective use of innovative cluster technologies, a radical transformation of the investment policy of the Russian enterprises, effective regulation of social and labor potential.

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