2020 (17), №3

Program for Post-Crisis Development of the Russian Economy

For citation: 

Orlov, S. N. (2020). Program for Post-Crisis Development of the Russian Economy. Zhurnal Economicheskoj Teorii [Russian Journal of Economic Theory], 17 (3), 546-559.

Abstract:

The article provides an overview of theoretical and methodological approaches to the analysis of the causes and consequences of the 2020 global crisis. In relation to the Russian economy, the answer to the question about the causes of the crisis depends on the government’s choice of the direction and tools for post-crisis development: whether it chooses to stimulate the post-crisis recovery growth within the already existing economic structure or to provide selective support and investment to those businesses that are capable of technological innovation. The article describes the technological patterns and periodization of monetary systems, in particular the financial stage of the American systemic cycle, which is already nearing its end, and the ongoing material stage of the new systemic cycle of capital accumulation. The analysis leads the author to formulate the national doctrine of state regulation and methodological recommendations for overcoming the acute phase of the crisis in regions and for providing government support for businesses and individuals.

PDF full
Downloaded: 27

Sergey Nikolaevich Orlov — Doctor of Economics, Professor, Institute of Economics of the Ural Branch of the Russian Academy of Sciences (Ekaterinburg, Russian Federation); Kurgan state University (Kurgan, Russian Federation, e-mail: orlovsn@list.ru).

Arrighi, G. (2006). Dolgiy dvadtsatyy vek: Den’gi, vlast’ i istoki nashego vremeni [The Long Twentieth Century: Money, Power and the Origins of Our Times]. Translated by Smirnova, A. & Edel’mana, N. Moscow, Russia: Izdatel’skiy dom «Territoriya budushchego». (Seriya «Universitetskaya biblioteka Aleksandra Pogorel’skogo»), 472. (In Russ.)

Bodrunov, S. D. (2019). Obshchaya teoriya noonomiki [General theory of noonomics]. Moscow, Russia: Kul’turnaya revolyutsiya, 504. (In Russ.)

Glaz’ev, S. Yu., & Mikerin, G. I. (1989). Dlinnye volny: NTP i sotsial’no- ekonomicheskoe razvitie [Long waves: the scientific- technological progress and socio-economic development]. Moscow, Russia: Nauka. (In Russ.)

Kondrat’ev, N. D. (1922). Mirovoe khozyaystvo i ego kon’’yunktura vo vremya i posle voyny [The global economy and its’ conditions during and after the war]. Vologda, Russia: Oblastnoe otdelenie Gosudarstvennogo izdatel’stva, 258. (In Russ.)

Orlov, S. N. (2020). Postkrizisnaya dilemma: vosstanovitel’nyy rost ili innovatsionnoe razvitie [Post-Crisis Dilemma: Recovery Growth or Innovative Development]. Finansovaya ekonomika [The Financial Economy], 4(4), 425–433. (In Russ.) Orlov, S. N. (2004). Teoretiko-metodologicheskie osnovy otsenki i mekhanizm upravleniya ekonomicheskim potentsialom bankovskoy sistemy regiona: dis. … d-ra ekon. Nauk [Theoretical-methodological basis of assessment and management tool of economic potential of the bank system in the region: dissertation of Doctor of Economics]. Ekaterinburg, Russia: Institut ekonomiki UrO RAN, 380. (In Russ.)

Osnovnye napravleniya razvitiya finansovogo rynka Rossiyskoy Federatsii na period 2019–2021 godov [The mainstream development of Russian financial market for the period 2019–2021], available at: http://www.cbr.ru/content/document/ file/71220/main_directions.pdf (accessed: 20.04.2020). (In Russ.)

Pechonik, O. I., & Orlov, S. N. (2014). Evolyutsiya gospodstva deystvovavshikh valyutno-denezhnykh sistem i periodizatsiya tekhnologicheskikh ukladov [Evolution of Dominance of Existing Monetary Systems and Periodization of Technological Modes]. Vestnik Udmurtskogo universiteta. Seriya «Ekonomika i pravo» [Bulletin of Udmurt University. Series Economics and Law], 2, 78–86. (In Russ.)

Pilipenko, E. V., & Grinyuk, K. P. (2014). Promyshlennyy kompleks regiona v usloviyakh formirovaniya ekonomiki znaniy [The Industrial Complex of Region in the Conditions of Formation of Knowledge Economy]. Ekaterinburg, Russia: Institut ekonomiki UrO RAN, 218. (In Russ.)

Reytingovoe agentstvo ««Ekspert RA» [Expert RA]. Reytingi, obzory, issledovaniya, konferentsii [Ratings, reviews, surveys, conferences], available at: https://www.raexpert.ru/researches/banks/banking_market_2020 (accessed: 20.04.2020). (In Russ.)

Tendentsii v mirovoy torgovle, 2008–2018 gody [Trends in world trade, 2008–2018]. VTO. Statistika torgovli. Osnovnye aspekty mirovoy torgovli. Obzor Statistiki mirovoy torgovli 2019 Goda [WTO. Trade statistics. Main aspects of world trade in 2019], available at: https://www.wto.org (accessed: 02.04.2020). (In Russ.)

Federal’naya sluzhba gosudarstvennoy statistiki [Federal State Statistics Service]. (2018). Rossiya i strany mira: stat. sb.Rosstat [Russia and countries of the world: statistical bulletin]. Rosstat. Moscow, Russia, 375. Available at: https://www.gks/ ru (accessed: 02.04.2020). (In Russ.)

Toffler, A. (2004). Tret’ya volna [The Third Wave]. Moscow, Russia: OOO «Firma «Izdatet’stvo ACT»», 6–261. (In Russ.)

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

Schumpeter, J. A. (1934). Т 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, 163.

Piketty, Т. (2013). Le Capital au XXIe siècle, Éditions du Seuil[en]. Paris: Seuli, 970. Piketty, Т. (2019). Сapital et idéologie, Éditions du Seuil[en]. Paris: Le Seuli, 1324.

Tobin, J. (1958). Liquidity Preference as Behavior toward Risk. Review of Economic Studies, 65–86.