Russia's Socioeconomic Policy: Emergence of New Horizons
Russian Economy in 2014. Trends and Outlooks. (Issue 36), 2015
27 Pages Posted: 1 Nov 2015
Date Written: October 31, 2015
The global crisis, which first emerged in 2007-2008, has remained the major factor determining the socioeconomic development of the world’s leading countries, Russia including. In this case, we view a crisis not as a phase in the cyclical fluctuations between growth and decline (or acceleration and slowdown) as part of the development of a given country or group of countries. Instead, we are speaking of a sufficiently lengthy turbulence period when, as a result of some profound shifts, a new economic growth model comes to the fore and begins to strongly influence the socioeconomic situation and the global economic and political equilibriums.
Keywords: Russian economy, economic growth
JEL Classification: O52, P27
Suggested Citation: Suggested Citation