Globalization of the national economy starts from its liberalization
O.Yu. MAMEDOV
Doctor of Economics (DSc), Professor, Head of the Department of Political Economy and Economic Policy, Honoured worker of science of the Russian Federation, Southern Federal University, Rostov-on-Don
Doctor of Economics (DSc), Professor, Head of the Department of Political Economy and Economic Policy, Honoured worker of science of the Russian Federation, Southern Federal University, Rostov-on-Don
TERRA ECONOMICUS, 2014, Vol. 12 (no. 2),
p. 6-11
The paper discusses topical aspects of liberalization of the Russian economy, showing the need to address social problems of the country. The author’s position regarding the nature of economic liberalization is stated; liberalization of the economy in the context of globalization is treated as a new area of cross-country competition; evidence for the effectiveness of a liberal economy is provided. The Russian economic history is regarded as the history of failed liberalization.The paper shows that developing economies evolve through rapid liberalization. The author reveals threats to liberalization of the Russian economy and concludes that economic liberalism will inevitably triumph.