STRUCTURAL DEFORMATION OF THE RUSSIAN ECONOMY IN THE CONTEXT OF GLOBAL CHALLENGES

  • Viktor Barkhatov Institute of Economy, Business and Administration, Chelyabinsk State University, Chelyabinsk
  • Iuner Kapkaev Institute of Economy, Business and Administration, Chelyabinsk State University, Chelyabinsk
  • Daria Benz Institute of Economy, Business and Administration, Chelyabinsk State University, Chelyabinsk
  • Pavel Kadyrov Institute of Economy, Business and Administration, Chelyabinsk State University, Chelyabinsk
DOI: https://doi.org/10.12955/cbup.v7.1335

Abstract

The objective of the study is to determine the nature of heterogeneous structural deformations in the economy of Russia. The structural deformations result from the development strategy formed during the transitional period in the 1990s. Implementation of the strategy caused an increase in investment in the commodity sector along with its shortage in the high-tech sector; it resulted in a low knowledge-intensity level of the Russian production which became uncompetitive both on the domestic and global markets. The article covers all the aspects of the structural deformations in the Russian economy including the preconditions for these deformations to arise.

Published
2019-09-30
Issue
Vol 7 (2019): CBU International Conference Proceedings 2019
Section
Economics and Business
Copyright (c) 2019 Authors

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