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Issues and challenges in the new economy of Russia

Author

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  • S. N. Abdullina
  • N. Z. Bahteeva

Abstract

At present, the restructuring of the existing economic structure is carried out in the direction of the formation of a knowledge economy based on innovative reproduction of social capital, its increasing role and dominance of the financial component. At the same time, the emergence of a new economy in our country runs in parallel with the use of traditional production factors facing problems that are hereditary and stem from the resource model of the Russian economy. The article is devoted to the analysis of the situation in the country, the study of the dynamics of production factors under the influence of real inflation processes that lead to depreciation of the value of circulating money and taking into account the inflation expectations that form macroeconomic indicators and determine the activities of economic entities in the consumer and financial markets. Based on a comparative assessment of the projected inflation expectations submitted by various departments and independent experts and analysts, the authors justify the need to formulate an uniform calculation methodology to ensure comparability of data, since even small changes in inflation influence the decision-making in the field of macroeconomics when choosing a company development strategy. The integration of modernRussiainto the system of the global economy leads to the formation of ever new sources of obtaining additional profits isolated from the real sector of the economy and related to the application of administration power in the process of redistribution. The authors reveal the interrelations between the companies' striving for capitalization of value and income generation in the form of virtual financial rent, describe the features of redistribution of financial flows and liquidity of money, explaining the essence of the ongoing processes in the Russian economy, identify problems and directions for further research.Â

Suggested Citation

  • S. N. Abdullina & N. Z. Bahteeva, 2017. "Issues and challenges in the new economy of Russia," Russian Journal of Industrial Economics, MISIS, vol. 10(1).
  • Handle: RePEc:ach:journl:y:2017:id:570
    DOI: 10.17073/2072-1633-2017-1-004-012
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    References listed on IDEAS

    as
    1. Nekipelov, A., 2015. "On the Resource Curse and its Effect on Tactics and Strategy of Economic Development," Journal of the New Economic Association, New Economic Association, vol. 26(2), pages 205-210.
    2. E. Goryunov & S. Drobyshevsky & P. Trunin., 2015. "Monetary Policy of Bank of Russia: Strategy and Tactics," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 4.
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