Stagnation in Russia in geopolitical and economic contexts: New alternatives
Ivan M. Tenyakov
Lomonosov Moscow State University, Russia, This email address is being protected from spambots. You need JavaScript enabled to view it.
Lomonosov Moscow State University, Russia, This email address is being protected from spambots. You need JavaScript enabled to view it.
Kaysyn A. Khubiev
Lomonosov Moscow State University, Russia, This email address is being protected from spambots. You need JavaScript enabled to view it.
David B. Epstein
St. Petersburg Federal Research Center RAS, Institute of Agricultural Economics and Rural Development, Russia, This email address is being protected from spambots. You need JavaScript enabled to view it.
Aleksey V. Zazdravnykh
Lomonosov Moscow State University, Russia, This email address is being protected from spambots. You need JavaScript enabled to view it.
TERRA ECONOMICUS, 2022, Vol. 20 (no. 2),
The article shows that the new geopolitical context of 2022 makes the continuation of the Russian economy long-term stagnation unacceptable. The process of its overcoming involves identifying the fundamental causes of the situation that involve the system of socio-economic relations developed in post-Soviet Russia. The study of these relations causes the use of modern political and economic theory language and terminology. This theory supports a systematic picture of the relations of oligarchic-bureaucratic capitalism of a semi-peripheral type, which are the fundamental causes of the post-Soviet Russia economic stagnation. The historical roots of the current economic model genesis are shown, as well as such consequences of its domination as lagging behind the world economy, structural inefficiency, low social results. Economists who positively evaluate the results of reforms launched in 1990s are criticized. The profound transformations of the existing state policy are proposed as an alternative to the existing model. The proposed change includes the transition to an active industrial policy and selective planning, the socialization of property, the reduction of social inequality, ensuring eco-sociohumanitarian development priorities.
Citation: Tenyakov I.M., Khubiev K.A., Epstein D.B., Zazdravnykh A.V. (2022). Stagnation in Russia in geopolitical and economic contexts: New alternatives. Terra Economicus 20(2), 40–58 (in Russian). DOI: 10.18522/2073-6606-2022-20-2-40-58
Keywords: Russian economy; stagnation; socially-oriented development; market; planning; property; political economy
JEL codes: P16, P17, B5, B51, B55
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Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606
Founder: Southern Federal University
ISSN: 2073-6606