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Global Crisis and the Economic Policy Challenges of Modern Russia

Author

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  • Mau, Vladimir

    () (Gaidar Institute for Economic Policy, Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Ulyukaev, Sergey

    () (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

Abstract

The global crisis creates a new economic and political agenda. It requires a rethinking of many of the conclusions of economic theory and practice, which is still considered to be accepted. The paper analyzes the key issues of economic development in the medium term. Among the important for the formation of a new model of economic growth problems are considered: the rate of growth and the likelihood of long-term stagnation, new challenges to macroeconomic policies in connection with a wide spread of its unconventional tools, inequality and economic growth, the contours of the new social state, perspectives of globalization, as well as re-industrialization in developed countries. On this basis, analyzes the nature and causes of the crisis in the Russian economy, compared crises 2008-2009 and 2014-2015 years., There are three main components of the latter. We consider the effects and impact of sanctions on the change in the economic situation in the country, the medium-term structural growth constraints. Examples of medium- and long-term measures that will help to reverse the current trends and bring the economy on the path of sustainable development.

Suggested Citation

  • Mau, Vladimir & Ulyukaev, Sergey, 2015. "Global Crisis and the Economic Policy Challenges of Modern Russia," Published Papers dok23, Russian Presidential Academy of National Economy and Public Administration.
  • Handle: RePEc:rnp:ppaper:dok23
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    References listed on IDEAS

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    Cited by:

    1. A.M. Chernopiatov & L.A. Akhmetov & D.M. Djuraev, 2018. "Peculiarities Of State Property In The Economy Of Russia," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 18(2), pages 43-52.
    2. Alexander N. Alekseev & Aleksei V. Bogoviz & Ludmila P. Goncharenko & Sergey A. Sybachin, 2019. "A Critical Review of Russia’s Energy Strategy in the Period until 2035," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 95-102.
    3. Tatiana Beliaeva & Galina Shirokova & William Wales & Elena Gafforova, 2020. "Benefiting from economic crisis? Strategic orientation effects, trade-offs, and configurations with resource availability on SME performance," International Entrepreneurship and Management Journal, Springer, vol. 16(1), pages 165-194, March.
    4. Ehsan Rasoulinezhad, 2018. "A new evidence from the effects of Russia’s WTO accession on its foreign trade," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 8(1), pages 73-92, April.

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    More about this item

    Keywords

    Russian economy; global crisis; economic policy;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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