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Economics and politics in Russia: On the eve of an acute crisis

Author

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  • Vladimir A. Mau

    (Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia)

Abstract

This article presents an analysis of the key challenges facing the global economy, as well as the impact of these challenges on Russia. It addresses main collisions that have emerged in recent years, including the proliferation of etatism and populism, increasing social and political polarization, the growing importance of national issues vs the global agenda, as well as the social, economic and political consequences of using digital technologies against the backdrop of the global economy spiraling into an unprecedented crisis. The pandemic and its global economic impact are analyzed within the context of the 2008–2009 global financial crisis. This is the foundation which we set for discussing Russia's economic agenda.

Suggested Citation

  • Vladimir A. Mau, 2020. "Economics and politics in Russia: On the eve of an acute crisis," Russian Journal of Economics, ARPHA Platform, vol. 6(2), pages 91-113, June.
    • Handle: RePEc:arh:jrujec:v:6:y:2020:i:2:p:91-113
    DOI: 10.32609/j.ruje.6.55867
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    References listed on IDEAS

    as
    1. Louisa Connors & William Mitchell, 2017. "Framing Modern Monetary Theory," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 40(2), pages 239-259, April.
    2. L. Randall Wray, 2015. "Modern Money Theory," Palgrave Macmillan Books, Palgrave Macmillan, edition 2, number 978-1-137-53992-2.
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    More about this item

    Keywords

    economic policy populism globalization world trade digitalization crisis modern monetary theory Russia.;

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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