Long-term Development: from a System of Challenges Towards Policy Determinants

D. Belousov
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D. Belousov: Center for Macroeconomic Analysis and Short-term Forecasting, Moscow, Russia

Journal of the New Economic Association, 2015, vol. 26, issue 2, 201-204

Abstract: We outline several internal and external challenges for Russian long-term development. We argue that those challenges are potent to exhaust competitive advantages of Russian economy and to lead to long-term stagnation. Low economic growth will hamper development at the areas of welfare, infrastructure modernization, will prevent creating the potential for the future and defense capabilities. This situation calls for a new economic policy framework, which should be designed on the basis of dialogue with business and external actors and provide for own long-term agenda and responsibilities. The new industrialization could stand at the core of such an agenda.

Keywords: long-term development; challenges; role of the government; economic growth (search for similar items in EconPapers)
JEL-codes: E61 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2015:i:26:p:201-204

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