Abstract

The article deals with the issues of the transformational process of the Russian economy in recent years. It is emphasized that the formation of modern economic space occurs against the background of constantly changing conditions of economic reality. Trends in the development of the Russian economy are considered, the peculiarities of the Russian national economy are analyzed, taking into account its basic characteristics and development prospects. Particularly relevant is the consideration of transformational processes in connection with the formation of new standards of economic interconnections and opportunities for modern production. The main tasks and problems of Russian economic development with changing international priorities and strategic world transformations are noted. The special role of digitalization of society in the formation of modern business models, the identification of the advantages of digital reality is emphasized in this article. It is also highlighted that the changing conditions for the formation of the economic space is associated with the birth of a number of problems, including the strengthening of the role of state regulation of the public economy of Russia, the search for new instruments for the legal regulation of the national economy. Adapting the Russian economy to a constantly changing competitive market, the search for competitive advantages will mean the possibility for the Russian national economy to become a full member of the world community.

Highlights

  • The economic dynamics of recent years have followed the path of transformation of the market relations

  • Entrepreneurship in the context of the transition to a digital economy should become the basis of a national economy that can quickly respond to changes in the forms and methods of business projects in order to meet the needs of modern society

  • Russian business is gradually adapting to the new requirements of the economy and forms business processes based on strategic development priorities, among which we can note the further introduction of elements of innovation, the search for creative development of business models

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Summary

Introduction

The economic dynamics of recent years have followed the path of transformation of the market relations This factor determined the main trend in the development of the economy, aimed at restructuring the economy, economic growth and innovative development. One of the legacies of the past for the Russian economy was the persistence of imbalances in its structure and the dependent nature of raw materials, based on the advantages of a country with sufficient resource potential. This led to a high material and energy intensity of the products produced. These advantages were not competitive, which led to the production of products that did not meet the standards of modern society [1]

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