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Development of the Russian Economy in the Medium Term: Risks and Opportunities
The article examines the key risks of the development of the Russian economy in the medium term, resulting from the deterioration of trade and economic relations with developed countries. The most important changes in the model of functioning of the national economy are described. It is stated that...
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Formato: | Online Artículo Texto |
Lenguaje: | English |
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Pleiades Publishing
2023
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Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10116463/ https://www.ncbi.nlm.nih.gov/pubmed/37122342 http://dx.doi.org/10.1134/S1075700723020120 |
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author | Shirov, A. A. |
author_facet | Shirov, A. A. |
author_sort | Shirov, A. A. |
collection | PubMed |
description | The article examines the key risks of the development of the Russian economy in the medium term, resulting from the deterioration of trade and economic relations with developed countries. The most important changes in the model of functioning of the national economy are described. It is stated that restrictions on the supply of imported products have become the leading factor in the reduction of economic activity in 2022. The shifts in the formation of production, income and prices under the influence of sanctions are considered as a process of structural and technological restructuring of the Russian economy, requiring an increase in investment in the modernization of production and an increase in costs for research and development. The high dependence on imports and the technological backwardness of the Russian economy are seen as key constraints to its sustainable development in the medium term. One of the ways to compensate for the negative impact of sanctions, with a high probability, will be the replacement of high-quality resources with mass ones. It is emphasized that, taking into account the tasks of economic development, the period of loss of the quality of economic growth should not be long, and in the medium and long term, the qualitative component of growth should prevail in the formation of economic dynamics. |
format | Online Article Text |
id | pubmed-10116463 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | Pleiades Publishing |
record_format | MEDLINE/PubMed |
spelling | pubmed-101164632023-04-25 Development of the Russian Economy in the Medium Term: Risks and Opportunities Shirov, A. A. Stud Russ Econ Dev Macroeconomic Problems The article examines the key risks of the development of the Russian economy in the medium term, resulting from the deterioration of trade and economic relations with developed countries. The most important changes in the model of functioning of the national economy are described. It is stated that restrictions on the supply of imported products have become the leading factor in the reduction of economic activity in 2022. The shifts in the formation of production, income and prices under the influence of sanctions are considered as a process of structural and technological restructuring of the Russian economy, requiring an increase in investment in the modernization of production and an increase in costs for research and development. The high dependence on imports and the technological backwardness of the Russian economy are seen as key constraints to its sustainable development in the medium term. One of the ways to compensate for the negative impact of sanctions, with a high probability, will be the replacement of high-quality resources with mass ones. It is emphasized that, taking into account the tasks of economic development, the period of loss of the quality of economic growth should not be long, and in the medium and long term, the qualitative component of growth should prevail in the formation of economic dynamics. Pleiades Publishing 2023-04-20 2023 /pmc/articles/PMC10116463/ /pubmed/37122342 http://dx.doi.org/10.1134/S1075700723020120 Text en © Pleiades Publishing, Ltd. 2023, ISSN 1075-7007, Studies on Russian Economic Development, 2023, Vol. 34, No. 2, pp. 159–166. © Pleiades Publishing, Ltd., 2023.Russian Text © The Author(s), 2023. This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic. |
spellingShingle | Macroeconomic Problems Shirov, A. A. Development of the Russian Economy in the Medium Term: Risks and Opportunities |
title | Development of the Russian Economy in the Medium Term: Risks and Opportunities |
title_full | Development of the Russian Economy in the Medium Term: Risks and Opportunities |
title_fullStr | Development of the Russian Economy in the Medium Term: Risks and Opportunities |
title_full_unstemmed | Development of the Russian Economy in the Medium Term: Risks and Opportunities |
title_short | Development of the Russian Economy in the Medium Term: Risks and Opportunities |
title_sort | development of the russian economy in the medium term: risks and opportunities |
topic | Macroeconomic Problems |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10116463/ https://www.ncbi.nlm.nih.gov/pubmed/37122342 http://dx.doi.org/10.1134/S1075700723020120 |
work_keys_str_mv | AT shirovaa developmentoftherussianeconomyinthemediumtermrisksandopportunities |