Tasks with conflicting conditions in terms of negative stabilization: the Dutch Disease and the Middle Income Trap.

DOI

10.2991/sicni-18.2019.127How to use a DOI?

Keywords

negative stabilization, resource dependence, Dutch Disease, The Middle Income Trap, Tasks with conflicting conditions, new industrialization.

Abstract

Russian economy has entered a depression by the end of 2013. This was the result of a combination of fundamental (middle-income trap) and market factors (depreciation of oil price and international sanctions) enforced by Dutch Disease. The economy found itself in a state of negative stabilization arising after a prolonged depression and leading to a stable equilibrium with a low state of indicators. Taking into account that current global economic trends require the new industrialization Russian economy has faced a number of tasks with conflicting conditions, such as changes in interest rates and changes in taxation, which do not contradict the preservation of budget stability on the one hand and the stimulation of growth on the other.

Copyright

© 2019, 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  - Konstantin Yurchenko
AU  - Victor Kovalev
AU  - Irina Savelyeva
PY  - 2019/01
DA  - 2019/01
TI  - Tasks with conflicting conditions in terms of negative stabilization: the Dutch Disease and the Middle Income Trap.
BT  - Proceedings of the 2nd International Scientific conference on New Industrialization: Global, national, regional dimension (SICNI 2018)
PB  - Atlantis Press
SP  - 628
EP  - 633
SN  - 2352-5398
UR  - https://doi.org/10.2991/sicni-18.2019.127
DO  - 10.2991/sicni-18.2019.127
ID  - Yurchenko2019/01
ER  -