Issue №2, 2020

LOGIN      REGISTER

          

Program for post-crisis development of the Russian Economy

 

DOI: 10.34130/2070-4992-2020-2-62-77

Full article 

Orlov S. N. – Doctor of Economics, Professor, Institute of Economics, Ural branch of the Russian Academy of Sciences, Yekaterinburg, Russia; Kurgan state University, Kurgan, Russia, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

The article presents the results of theoretical approaches’ study to assessing the prerequisites of the global crisis – 2020. Applied to the national economy, the answer to the question of prerequisites depends on the choice of not only the direction, but also the tools of the post-crisis development: stimulating recovery growth within the framework of the previous economy structure or active selective support and investment in order to implement technologies of a new technological way, innovative development with the active participation of the financial sector, government institutions and resources through the implementation of the stimulating financial policies. The purpose of this article is to present a different position and a point of view on the crisis that has occurred and on the role of the pandemic as a catalyst, a trigger that provided a powerful acceleration of the implementation of the global economic prerequisites that had formed at the beginning of the crisis. In the case of the cyclic identification, the post-crisis development of the economy should be given the character of the innovative development, a focused innovation emphasis, an appropriate technological vector and financial priority in order to transform the way out of the crisis into the prologue to accelerate the spread of innovative and structural changes in the economy due to the exponential increase in the implementation of innovations of a new technological structure, as has happened more than once in the world economic history. Identification of the crisis – 2020 as cyclic allows us to predict the trend of post-crisis structural changes in the global and national financial and real sectors of the economy in accordance with the described, repeatedly previously observed, regular cyclically occurring events and tendencies of the rising wave of a new technological way, appropriate to the corresponding stage of developing the systemic cycle of the capital accumulation.

Keywords: Post-crisis development of the national economy, its branches, sectors, cyclical crises, technological patterns, systemic cycles of capital accumulation, stages of the accumulation cycle, economic policy, regulation.

References

1. Arrighi G. The Long Twentieth Century. Money, Power, and the Origins of Our Times. Verso, London, New York, 2010, 416 p.

2. Piketty T. Capital in the Twenty-first Century. The Belknap Press of Harvard University Press, Cambridge, Massachusetts, London, 2014, 452 p.

3. Toffler A. The Third Wave / By Alvin Toffler. New York: Morrow, 1980, 544 p.

4. Orlov S. N., Pechonik O. I. Evolyuciya gospodstva dejstvovavshih valyutno-denezhnyh sistem i periodizaciya tekhnologicheskih ukladov [Evolution of the Dominance of the Existing Currency and Money Markets Systems and Periodization of Technological Structures]. Vestnik Udmurtskogo universiteta. Seriya «Ekonomika i pravo» [Bulletin of Udmurt University. Series "Economics and law"], 2014, Issue 2, pp. 78–86. (In Russian).

5. Pilipenko E. V., Grinyuk K. P. Promyshlennyj kompleks regiona v usloviyah formirovaniya ekonomiki znanij [Industrial Complex of the Region in the Conditions of Formation of the Knowledge Economy]. Yekaterinburg: Institute of Economics, Ural branch of the Russian Academy of Sciences, 2014, 169 p. (In Russian).

6. Orlov S. N., Kilanova E. L. Strategiya razvitiya kreditnoj organizacii [Development Strategy of a credit organization]. Beau Bassin, 2018. 46 p. (In Russian).

7. Tendencii v mirovoj torgovle, 2008–2018 gody [Trends in world trade, 2008-2018]. VTO / Statistika torgovli / Osnovnye aspekty mirovoj torgovli [WTO / Trade statistics / Main aspects of world trade]. Obzor Statistiki Mirovoj Torgovli 2019 Goda [Overview Of World Trade Statistics 2019]. Available at: https://www.wto.org (Accessed 02.04.2020). (In Russian).

8. Kondratev N. D. Mirovoe hozyajstvo i ego kon"yunktura vo vremya i posle vojny [World Economy and its Conjuncture During and After the War]. Vologda, Regional branch of the State publishing house, 1922. 258 p. (In Russian).

9. Glazyev S. Yu., Mikerin G. I. Dlinnye volny: NTP i social'no- ekonomicheskoe razvitie [Long Waves: NTP and SocioEconomic Development]. Moscow, Nauka, 1989. (In Russian).

10. Schumpeter J. A. Тhе Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle. Reprint. Cambridge, Mass.: Harvard University Press. Business Cycles: A Theoretical, Historical, and Statistical Analysis of the Capitalist Process. New York: McGrawHill. Capitalism, Socialism and Democracy. New York: Harper, 1934, 163 p.

11. Arrighi G. Adam Smith in Beijing: Lineages of the Twenty-first Century. London; New York: Verso, 2007. 418 p.

12. Federal'naya sluzhba gosudarstvennoj statistiki [Federal state statistics service] / Rossiya i strany mira [Russia and Countries of the World] / Stat. Sb. [Stat. Sat.] / Rosstat. Moscow, 2018, 375 p. Available at: https://www.gks/ru (Accessed 02.04.2020). (In Russian).

13. Tobin J. Liquidity Preference as Behavior toward Risk. Review of Economic Studies. February, 1958, pp. 65–86.

14. Bodrunov S. D. Obshchaya teoriya noonomiki [General Theory of Nonomics]. Moscow, Cultural revolution, 2019, 504 p. (In Russian).

15. Rejtingovoe agentstvo «"Ekspert RA"» [The rating Agency «Expert RA»]. Rejtingi, obzory, issledovaniya, konferencii [Ratings, reviews, research, conferences]. Available at: https://www.raexpert.ru/researches/banks/banking_market_2020 (Accessed 20.04.2020). (In Russian).

16. Osnovnye napravleniya razvitiya finansovogo rynka Rossijskoj Federacii na period 2019–2021 godov [Main Directions of Development of the Financial Market of the Russian Federation on the the Period 2019–2021]. Available at: https://www.cbr.ru/ (Accessed 20.04.2020). (In Russian).

For citation: Orlov S. N. Program for post-crisis development of the Russian Economy // Corporate Governance and Innovative Economic Development of the North: Bulletin of Research Center of Corporate Law, Management and Venture Investment of Syktyvkar State University. 2020. No. 2. P. 62–77. DOI: 10.34130/2070- 4992-2020-2-62-77.