Abstract
The article analyzes the current commodity-based rental model of economical growth in Russia. In the conditions when the Russian economy faced serious challenges and risks both within the country and on the outer contour, the question of inertial development possibility and the need to modernize the existing model has become particularly relevant. The aim of the work is to demonstrate the inefficiency, the exhaustion of the commodity-based rental model in relation to growth of opportunities and the futility in relation to the capitalist world-system laws of the development. The article shows that at the present stage the transition from the commodity-based rental model of economical growth to a nationally oriented model of development is possible through the implementation of a new industrialization policy, whereby the resource regions should shift to a sustainable inclusive growth.
Highlights
The state of the Russian economy, despite the fact that official data showed some growth acceleration after their adjustment for 2018, continues to be assessed by specialists as stagnation
The size of natural rent is the main characteristic of the entire Russian economy, which is why it is called rental
The economic system with such characteristics brings to the Dutch disease, which emerging mechanism and development is well known: in a favorable market environment, the commodity-based industries receive additional impulse for expanding their activities, increasing profits and wages, which leads to a decrease in the growth potential of the manufacturing industries and results in deindustrialization of national economy
Summary
The state of the Russian economy, despite the fact that official data showed some growth acceleration after their adjustment for 2018, continues to be assessed by specialists as stagnation Overcoming this negative trend and putting Russia on the path of sustainable dynamic development is a task of paramount importance. Its solution is connected with the need to carry out systemic changes in society, which should alter, first of all, the current model of economic development in Russia. The latter is called in different ways; the most operational term is the “commodity based rental model”, which determined the nature of economic growth dynamics in the post-Soviet period and which has exhausted its potential. It is quite logical to consider them as an initial base for transformation the Russian commodity-based rental economy model and their characteristics as a source of problems and issues related to the impact of natural wealth on economic growth and welfare, and as a potential for transformation
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
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 callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
