Abstract

Modernization is a special form of development of society, development of technology and economy is the cornerstone of modernization. However, this development is not evolutionary, but revolutionary, accompanied with rather fast institutional transformations. Besides, modernization should be considered as a problem which covers, first of all, the sphere of economy but which cannot be studied and solved without interaction practically with all directions of activity of the person and society. Modernization models taking into account mental and civilization features of Russia are analyzed. The changes connected with globalization changes in world economy and resistance to these changes of the Russian social and economic institutes are considered. Need of coordination of processes of social and economic transformations with set of informal institutes of the Russian society is emphasized. On the basis of the carried-out analysis the conclusion about existence of various ways of further economic development is drawn. Russian norms and traditions, being integrated with the chosen elements of the western institutional environment, will create conditions for sustained economic growth. Thus, transition to essentially new concept of economic development of the country will be made.

Highlights

  • In the context of modern globalization tendencies of the world economy, there is a need for social-political, economic and other transformations in individual national economies

  • Modernization appears as a problem solved by a certain formula, in which the emphasis is on the production and technological element: funds and resources

  • Modernization is not a task, but a problem, a problem that cannot be considered and solved without interaction with almost all spheres of human life and society. This is a special form of development, which is based on the development of technology and the economy – not evolutionary, but revolutionary, accompanied by rather fast institutional transformations of one sort or another

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Summary

Introduction

In the context of modern globalization tendencies of the world economy, there is a need for social-political, economic and other transformations in individual national economies. Modernization is most often understood as a change in accordance with the requirements of modernity, or amelioration, improvement, renovation of the object, bringing it into the line with new requirements and norms, specifications, quality indicators In this understanding, modernization appears as a problem solved by a certain formula, in which the emphasis is on the production and technological element: funds and resources. Modernization is not a task, but a problem, a problem that cannot be considered and solved without interaction with almost all spheres of human life and society This is a special form of development, which is based on the development of technology and the economy – not evolutionary, but revolutionary, accompanied by rather fast institutional transformations of one sort or another. Modernization transformations in the economic and technological sphere are accompanied by changes in both formal and informal institutions in accordance with the requirements of the modern globalizing world economy

Background of globalization and modernization potential of Russian economy
Conclusions
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