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Russian Socio-Economic Development: The Present Situation and Future Directives

In: Proceedings of FIKUSZ '16

Author

Listed:
  • Peter Holicza

    (Óbuda University, Doctoral School on Safety and Security Sciences, Budapest, Hungary)

  • Kseniia Baimakova

    (Óbuda University, Doctoral School on Safety and Security Sciences, Budapest, Hungary)

  • Ekaterina Lukina

Abstract

Markets are increasingly affected by the laws of politics instead of the laws of economics. Nowadays political factor plays larger and larger role in the economic policy making, replacing market competition. Russia is no exception. External shocks such as changing oil prices and trade sanctions which influence on Russian economic development are unequivocal illustration of this trend. In order to respond to the changes and requirements of the world's current socio-economic situation, Russia has to transform its economic system fundamentally What is the current socio-economic situation in Russia? What are the challenges and limitations of the ongoing system? Why is there a need for introducing a new economic model? The article deals with the concept of Russian long-term socio-economic development, analyzes the main socio-economic indicators, and presents the main trends and features of the Russian economy

Suggested Citation

  • Peter Holicza & Kseniia Baimakova & Ekaterina Lukina, 2016. "Russian Socio-Economic Development: The Present Situation and Future Directives," Proceedings of FIKUSZ 2016, in: Regina Zsuzsánna Reicher (ed.),Proceedings of FIKUSZ '16, pages 7-18, Óbuda University, Keleti Faculty of Business and Management.
    • Handle: RePEc:pkk:sfyr16:7-18
    as

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    File URL: http://kgk.uni-obuda.hu/sites/default/files/01_Baimakova-Holicza.pdf
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    References listed on IDEAS

    as
    1. Medvedev, Dmitry, 2016. "Social and economic development of Russia: Finding new dynamics," Russian Journal of Economics, Elsevier, vol. 2(4), pages 327-348.
    2. D. Medvedev., 2015. "A New Reality: Russia and Global Challenges," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 10.
    3. D. Medvedev., 2016. "Social and economic development of Russia: Finding new dynamics," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 10.
    4. Medvedev, Dmitry, 2015. "A new reality: Russia and global challenges," Russian Journal of Economics, Elsevier, vol. 1(2), pages 109-129.
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    Cited by:

    1. Raufhon Salahodjaev & Nargiza Ibragimova, 2020. "Height and Life Satisfaction: Evidence from Russia," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 15(1), pages 219-237, March.

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