Ivanitsky, V. P. (2020). The Role of Financial and Economic Architecture in the Convergence System of the New Industrialization of Russia. Zhurnal Economicheskoj Teorii [Russian Journal of Economic Theory], 17 (4), 789-798.
The term ‘convergence’, which stands here for the process of lifestyle, shows that there are forces that provide assurance of ingoing development of society. There are other forces which lead to losses of well-being of people. The research is devoted to a rather complex area of economic and social relations in the sphere of human interaction. Financial architecture is both the degree of convergence and the structure of the global financial architecture, which is the basis of any country, capitalist or socialist, as well as other socio-economic formations. At the turn of the 20th and 21st centuries, the capitalism of North America and Western Europe countries gets the upper hand because of the socialism breakdown. It was the Soviet Union that shouldered the burden of building a socialist system through trial and error. The research identifies five convergence indicators that should influence the innovation in socio-economic and technological spheres: research, education, health care, environmental management and population growth.