On the Possibility of Transition to an Economic Strategy Based on the Specifics of Human Capital in Russia

A. Auzan
Additional contact information
A. Auzan: Lomonosov Moscow State University, Moscow, Russia

Journal of the New Economic Association, 2015, vol. 26, issue 2, 243-248

Abstract: Negative economic dynamics, characterized by slowing down of economic development, can be caused also by deeper foundations in path-dependence problem, i.e. keeping the country on a low path of economic development, as a result of the impact of cultural factors (informal institutions) and strictly institutional factors, which are combined in different versions of the social contract. Overcoming this situation implies not only a change at the appropriate levels of institutions and culture, but also the transition to a different economic development strategy. Now mineral resources are treated as the main resource of the global competitive positioning of Russia. However, a high-quality human capital with specific socio-cultural characteristics can become this potential resource of global positioning. The shift of the focus on the new base - human capital resources - requires a different institutional environment (inclusive rather than extractive institutions) and assumes a different structure of economic activity and the sequence of modernizing reforms. The article prompted the author's understanding of prerequisites and contours of such changes.

Keywords: human capital; inclusive and extractive institutions; cultural capital (search for similar items in EconPapers)
JEL-codes: E66 J24 O15 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.econorus.org/repec/journl/2015-26-243-248r.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2015:i:26:p:243-248

Access Statistics for this article

Journal of the New Economic Association is currently edited by Victor Polterovich and Aleksandr Rubinshtein

More articles in Journal of the New Economic Association from New Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Alexey Tcharykov ().