Russian Socio-Economic Development: The Present Situation and Future Directives

Peter Holicza (), Kseniia Baimakova and Ekaterina Lukina ()
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Peter Holicza: Óbuda University, Doctoral School on Safety and Security Sciences, Budapest, Hungary
Kseniia Baimakova: Óbuda University, Doctoral School on Safety and Security Sciences, Budapest, Hungary

A chapter in Proceedings of FIKUSZ '16, 2016, pp 7-18 from Óbuda University, Keleti Faculty of Business and Management

Abstract: Markets are increasingly affected by the laws of politics instead of the laws of economics. Nowadays political factor plays larger and larger role in the economic policy making, replacing market competition. Russia is no exception. External shocks such as changing oil prices and trade sanctions which influence on Russian economic development are unequivocal illustration of this trend. In order to respond to the changes and requirements of the world's current socio-economic situation, Russia has to transform its economic system fundamentally What is the current socio-economic situation in Russia? What are the challenges and limitations of the ongoing system? Why is there a need for introducing a new economic model? The article deals with the concept of Russian long-term socio-economic development, analyzes the main socio-economic indicators, and presents the main trends and features of the Russian economy

Keywords: Russia; social development; economic development; socio-economic situation; economic policy (search for similar items in EconPapers)
Date: 2016
ISBN: 978-963-449-012-8
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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