For citation:
Aganbegyan, A. G. (2026). Socio-Economic Development of Russia at a Turning Point: 2010–2019. AlterEconomics, 23(1), 85–95. https://doi.org/10.31063/AlterEconomics/2026.23-1.6
Abstract:
This article examines Russia’s unsuccessful attempt to address major strategic challenges related to accelerating economic growth. It focuses on the design and implementation of an economic development strategy pursued between 2012 and 2019. Although the country initially had relatively favorable conditions for growth, the strategy ultimately failed to achieve its intended results. Historically, similar efforts to achieve rapid economic progress had precedents in the Soviet Union, which created optimism about the success of a new attempt launched in 2012. This effort was reflected in the preparation and adoption of the well-known presidential “May decrees,” which targeted key areas of national development, including the economy, living standards, healthcare, and international cooperation. However, the core objectives of the strategy were not achieved. The plan aimed to significantly increase investment in fixed capital and to reach average annual growth rates of 4–5 % in both GDP and real household incomes. Instead, the Russian economy effectively entered a period of stagnation. The article identifies several key factors behind this outcome. These include a decline in investment in fixed capital, changes in property ownership structures, capital outflows, and falling global prices for oil and gas. The introduction of international sanctions against Russia led to further deterioration of the situation, contributing to the devaluation of the ruble and high inflation. Together, these internal and external pressures created more difficult conditions for businesses and organizations, slowing the country’s economic development. In addition, the onset of a second demographic crisis in 2017, accompanied by increasing population decline, reinforced stagnation. The article’s conclusions are based on a comprehensive analysis of interconnected statistical data.
Aganbegyan, A. G. (2020a). The new Russia 30 years later. achievements and shortcomings (A socioeconomic analysis). Vestnik obshchestvennogo mneniya. Dannyye. Analiz. Diskussii [The Russian Public Opinion Herald. Data. Analysis. Discussions], (3–4(131)), 29–73. (In Russ.)
Aganbegyan, A. G. (2016). Single targeted social and economic policy as a prerequisite for economic growth resumption. Den’gi i kredit [Russian Journal of Money and Finance], (7), 3–14. EDN WDHNBN. (In Russ.)
Aganbegyan, A. G. (2017). Renewal of socio-economic growth: Problems and prospects. Srednerusskiy vestnik obshchestvennykh nauk [Central Russian Journal of Social Sciences], 12 (3), 19–41. EDN YZLJHD. https://doi.org/10.22394/2071-2367-2017-12-3-19-41 (In Russ.)
Aganbegyan, A. G. (2020b). On the need for a new socio-economic policy. Srednerusskiy vestnik obshchestvennykh nauk [Central Russian Journal of Social Sciences], 15 (3), 15–50. EDN FTVLYB. https://doi.org/10.22394/2071-2367-2020-15-3-15-50 (In Russ.)
Aganbegyan, A. G. (2020v). O prioritetakh sotsial’noy politiki [On the priorities of social policy]. Moscow: Delo Publ., 512. (In Russ.)
Aganbegyan, A. G. (2021). From stagnation and crisis to the socio-economic rise of Russia. ORGZDRAV: novosti, mneniya, obucheniya. Vestnik VSHOUZ [Healthcare Management: News, Views, Education. Bulletin of VSHOUZ], 7 (2(24)), 4–27. EDN MYYIHN. https://doi.org/10.33029/2411-8621-2021-7-2-4-27 (In Russ.)
Gnezdova, Yu. V., & Veselovsky, M. Ya. (2016). Problems of management of investment safety of the region. Ekonomika sel’skogo khozyaystva Rossii [Economics of Agriculture of Russia], (9), 7–14. EDN WWCXTV. (In Russ.)
Isupova, O. A., Kalinin, A. V., & Meyzerovich, A. V. (2015). Assessment of social and economic conditions of development of business in the local market of housing real estate. Yevropeyskiy zhurnal sotsial’nykh nauk [European Social Science Journal], (7), 66–74. EDN UMYZVR. (In Russ.)
Levina, L. F. (2016). State and Market. Performance Criteria. Aktual’nyye problemy upravleniya — 2016: 21-ya Mezhdunarodnaya nauchno-prakticheskaya konferentsiya, Moskva, 23–24 noyabrya 2016 goda. Vypusk 2 [Actual Problems of Management — 2016: 21st International Scientific and Practical Conference, Moscow, November 23–24, 2016. Issue 2] (pp. 209–212). Moscow: GUU Publ. EDN YOCHKR. (In Russ.)
Vylgina, Yu. V., & Shishova, A. S. (2016). Commercialization of innovative developments in the power sector. Vestnik IGEU [Vestnik IGEU], (2), 1–7. (In Russ.)
Zhang, Y., He, W., Lu, H., & Ji, H. (2021). Mode Analysis on Biopharmaceutical Engineering Undergraduate Education in China based on SPSS: SPSS Analysis on Biopharmaceutical Engineering Undergraduate Education in China. 2021 International Conference on Education, Information Management and Service Science (EIMSS), 128–135. https://doi.org/10.1109/eimss53851.2021.00036
JATS