Once again about where to go: Toward a development strategy in isolation from the West

V. Polterovich
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V. Polterovich: Central Economics and Mathematics Institute, Russian Academy of Sciences, Moscow, Russia
Authors registered in the RePEc Author Service: Виктор Меерович Полтерович

Journal of the New Economic Association, 2022, vol. 55, issue 3, 238-244

Abstract: It is shown that the program of institutional changes, outlined in a number of articles of the author, is even more relevant in the current context of sanctions and needs to be further elaborated. Due to restrictions on import and export fl ows, the need to form long chains of added value within the country is increasing. Business cannot cope with this task on its own. To solve it the institutions of catching-up development are needed, including the system of indicative planning headed by the general development agency and the national innovation system aimed at borrowing of technologies with a gradual increase of own innovative developments. It is advisable to conduct the reform of economic governance as a continuation of the reform of project activities carried out in 2018-2019. New institutions must ensure economic growth by forming a set of mega-projects and programs, coordinated with each other and with the budget, based on the coordination of efforts of the state, business and society at the federal, regional and municipal levels. The increased necessity of differentiated progressive income tax introduction is underlined. The expediency of forming consortiums, expanding the system of sector research institutes and increasing investment in education are noted.

Keywords: institutional reform; economic growth; value added chains; indicative planning; national innovation system; anti-inflationary policy (search for similar items in EconPapers)
JEL-codes: I25 O21 P11 P21 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2022:i:55:p:238-244

DOI: 10.31737/2221-2264-2022-55-3-17

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