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Title: DIVERSIFICATION AS A TOOL FOR ECONOMIC DEVELOPMENT IN TIMES OF CRISIS
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DIVERSIFICATION AS A TOOL FOR ECONOMIC DEVELOPMENT IN TIMES OF CRISIS
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1314-2704
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English
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20
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5.2
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On the base of a detailed analysis the political and social factors in the development of the world economic system, the authors is concluded that the impending global economic crisis may negatively affect the Russian economy. The analysis of the current economic and socio-political situation in Russia given in the article allowed us to identify a number of main directions of the country's development that can ensure the stability of its economy in the conditions of the impending crisis.
The authors argue that in modern Russia, the "vertical" management of the structural economy works mainly, but the time is forces us to actively develop "horizontal" inter-regional interactions. These realities require transforming the current management of the structural economy. In Russia, in the current crisis conditions, the authors of the article argue, we need clear and consistent structural and institutional modernization, and first, reformatting the existing resource economy into a development economy, as required by the country's leadership. The Russian Federation must make a breakthrough into the future, and for this to happen, the national economy needs to diversify in a timely manner so that it can expand and master new areas of economic development, including land and rethinking market relations. |
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conference
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20th International Multidisciplinary Scientific GeoConference SGEM 2020
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20th International Multidisciplinary Scientific GeoConference SGEM 2020, 18 - 24 August, 2020
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Proceedings Paper
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STEF92 Technology
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International Multidisciplinary Scientific GeoConference-SGEM
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SWS Scholarly Society; Acad Sci Czech Republ; Latvian Acad Sci; Polish Acad Sci; Russian Acad Sci; Serbian Acad Sci & Arts; Natl Acad Sci Ukraine; Natl Acad Sci Armenia; Sci Council Japan; European Acad Sci, Arts & Letters; Acad Fine Arts Zagreb Croatia; C
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161-168
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18 - 24 August, 2020
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website
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cdrom
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7416
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diversification; economy; crisis; development.
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