The Role of the State in Providing Social-Economic Development: World Experience and Russian Practice

DOI

10.2991/aebmr.k.200312.137How to use a DOI?

Abstract

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.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - 10.2991/aebmr.k.200312.137
ID  - Minakova2020
ER  -