The Role of the State in Providing Social-Economic Development: World Experience and Russian Practice
I V Minakova, T N Bukreeva, K A Nosachevski, O G Timofeeva, O I Solodukhina
I V Minakova
Available Online 17 March 2020.
- https://doi.org/10.2991/aebmr.k.200312.137How to use a DOI?
- Liberal and neoliberal approaches implemented in the Russian economy have been proven untenable. Reforms led to economic losses comparable to losses of wars, revolution and the civil war of 1914-1922. World practice has proved that only a state-controlled economy is capable of providing economic growth and sustainable development. Nowadays active national economic policy is a core to ensuring competitiveness of the national economy. The economic modernization should be mainly focused on increasing the level of monetization of the Russian economy, growth of budget expenditures, and an increase in share of state assets. Income inequality has grown throughout the years of reform. Lack of resources is not the main problem of inequality and poverty of the population, the problem is in mechanisms of resource distribution and redistribution. Progressive income taxation is an attribute of civilized distributional relations, a condition for overcoming poverty and solving a demographic problem.
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Cite this article
TY - CONF AU - I V Minakova AU - T N Bukreeva AU - K A Nosachevski AU - O G Timofeeva AU - O I Solodukhina PY - 2020 DA - 2020/03/17 TI - The Role of the State in Providing Social-Economic Development: World Experience and Russian Practice BT - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020) PB - Atlantis Press SP - 998 EP - 1004 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200312.137 DO - https://doi.org/10.2991/aebmr.k.200312.137 ID - Minakova2020 ER -