Fundamentals of Russian Economic Policy for Increasing Competitiveness

Abstract

Chaotization of the external environment, financial and technological restrictions imposed on Russia, stagnation of the economy necessitates the formation of a new strategy for increasing the competitiveness of the Russian economy. The purpose of this study is to form the basis for long-term economic growth, ensuring self-sufficiency of the economy and improvement the welfare of the population with the development of appropriate policies. To achieve this goal, it is proposed to use an organizational and economic scheme based on the solution of three tasks: the de-offshorization of the Russian economy, the implementation of its controlled openness and the support of domestic manufacturers. As a result of the analysis of the first two elements, it is established that their implementation is impossible without prior introduction of the functioning support for national producers. To implement it, it is necessary to impact on three components: support the bearing branches of the national economy, increase the efficiency of resource factors using and create favorable conditions for the activities of small and medium-sized businesses. The result of the work is scientifically grounded recommendations on increasing the competitiveness of the national economy aimed at solving its most acute issues. The results of the work can be used to develop state economic policy both for the entire national economy and for individual industries.