Abstract
The national economy of the Russian Federation would be able to significantly increase annual GDP growth, ifprivate business developed actively, especially small and medium businesses. The authors examined how tosolve this problem in one of the Russian regions - in the Volgograd one. Now Russia's economic policy is aimedat the penetration of market relations in almost all spheres of life, the creation of conditions for their normaldevelopment. However the absolute interaction and separation of functions between the state and marketstructures has not been achieved. They are in constant conflict with each other, thereby exacerbating thedepressive state of the economy. Increase business opportunities will help create for the working population andeconomic conditions that will allow the citizens of its own funds to provide a higher level of social consumption,which includes the best quality services in the field of education and health services, comfortableaccommodation, a decent standard of living in old age. Despite the awareness of solutions aimed at thedevelopment of entrepreneurship, private business faces a number of challenges that make the local authorities.This article describes a number of the problems mentioned above and provides suggestions to increase theopportunities for the development of private enterprise in Russia.
Highlights
Business plays a main part in formation and development of market relations in Russia
Economic growth in countries with high income amounted to 1,3% in 2013, while in 2014 this figure was increased compared with previous forecasts to 2,2% (The World Bank, 2014)
Russia is fortunate to be one of the most resource-rich countries in the world. These resources, combined with an economically strategic position linking the Asian and European markets, ensure the country’s position in the global economy (The Wharton School University of Pennsylvania, 2014).Nowadays the main factor affecting the growth of the Russian economy is the growth of the world prices for Russian export products such as oil and gas
Summary
Business plays a main part in formation and development of market relations in Russia. World experience tells us that it is possible to expand the boundaries of business to increase the pace of development of the national economy in Russia too. The Russian Federation occupies one-sixth of the world's land from its western borders (Kaliningrad area) to the eastern Far East (Nakhodka). All regions of the Russian Federation that are located in this vast area are very mixed in their climatic conditions and terms of available resources and they have different levels of socio-economic development. Despite all the diversity, there is a common factor that could push economic growth in each region. We decided to analyze how this growth factor is used in such a region of Russia as the Volgograd one
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
