The Conditions of Structural and Innovation Policy of Development of Economy of Russia

Abstract

Purpose: in the article the problems of formation of conditions for Russia’s social and economic development with a consideration of the present and recreated scientific and technological potential are considered. The purpose of the article consists in researching the sources of social and economic development of Russian economy in the medium- and long-term perspective, and also in rationalization of possibilities of their long term usage. Methods: the in the article methods of the comparative economic analysis, system approach to the economy development management as a complex self-recovering system with a potential, which has certain properties and regularities such as: complete social and economic system lifecycle, complete production cycle, technological structure, basic technologies, etc., are used. Results: during the research process if has been concluded that economic downturn in Russia was caused by economy export orientation of the initial repartitions and low added value resource products. Supporting such strategy were the economic instruments: taxes, ruble exchange rate, bank rate etc. Conclusions and Relevance: it has been shown that long-term development can be based mainly on usage of intensive factors. Even the involvement of Russian huge natural resources into the economic activity will not be able to completely solve a problem of prevention of degradation of the processing industrial economic sectors. Two key development terms are noted: investments and structural reform. It is noted that the main sources of investments are the internal and external ones. Increase of their potential is connected with adoption of tough strategic and political decisions. In its turn, effective usage of the expected increase in investments requires an urgent solution of competitive domestic technologies development problems, as well as problem of effective management of economy and its development on an innovative basis. Possibilities of positive structural renovation based on change of potential ratio of the extracting, processing, and final- processing industries and production of end products are shown. The directions and terms of domestic innovative sector reforming as well as strengthening of its positive impact on economy and society are discussed.

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