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Cooperation Between the State and Business in Forecasting and Planning Structural Changes in the Economy

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  • V. E. Dementiev

    (Central Economics and Mathematics Institute, Russian Academy of Sciences)

Abstract

Cooperation between the state and business in forming a joint vision of the future is considered in the article as a process that allows us to go beyond solving forecast problems. In fact, even before the development of an indicative plan based on the forecast, the prerequisites are created for coordinated actions to implement it. This is especially important when structural changes in the economy and society need to be carried out in conditions of severe restrictions. The article draws attention to both the advantages and risks of the cooperation under consideration. The Japanese experience of indicative planning during the period of forced restructuring of the economic structure is presented. The degree of business involvement in the planning process can be judged by the composition of the official advisory bodies, where the long-term vision of the Japanese economy was largely developed. In connection with the analysis of the composition of Russian advisory bodies, it was proposed to create a Council in which, along with key ministries and the Bank of Russia, science and business would be represented. Such a Council is intended to ensure coordination of industrial and monetary policies and accelerate structural changes in the Russian economy.

Suggested Citation

  • V. E. Dementiev, 2024. "Cooperation Between the State and Business in Forecasting and Planning Structural Changes in the Economy," Studies on Russian Economic Development, Springer, vol. 35(3), pages 328-336, June.
    • Handle: RePEc:spr:sorede:v:35:y:2024:i:3:d:10.1134_s1075700724030043
    DOI: 10.1134/S1075700724030043
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