DOI: http://doi.org/10.15350/2409-7616.2022.2.05

UDC 338.4

Skryl T.V.¹ (Moscow, Russian Federation) – E-mail: Skryl.TV@rea.ru

¹Plekhanov Russian University of Economics

Abstract. The study is based on the consideration of the causes of the stagnation of the Russian economy from the point of view of solving the problems of development and modernization of industry. The industrial sector is subject to a high level of influence of economic, financial, and political factors, which determines the need for its sustainable functioning. At the same time, the destabilization of the financial and economic situation in Russia, the pandemic of the COVID-19 coronavirus infection has adjusted the tasks of the development of the industrial sector, which clearly actualizes the need to optimize the system of state support measures. The purpose of this study is to determine the results of the industrial revolution version 4.0, to identify the main risks associated with the widespread spread of innovative industrial technologies, as well as to provide evidence that the reason for the stagnation of the Russian economy is the presence of structural problems in industry and inconsistency of government policies to overcome economic stagnation. Results. During the period of economic stagnation, it is important to skillfully and timely apply the tools of the state stabilization policy. The analysis of the results of the use of various stabilizing tools has shown the effectiveness of stabilization policies that have been applied for 20 years in Russia and their impact on the development of the industrial sector of the economy. Conclusions. Despite the stability of the industrial sector, the overlapping interests of the state, business and society force the development of self-regulating economic mechanisms that consider the asymmetry of information distribution (sanctions) and the chaotic use of stabilization policy instruments.

Keywords: stagnation, modernization, development, industry, crisis, sector, stabilization policy, instrument, infrastructure, sanctions, overlapping interests.

References: 

1. Akberdina V.V., Pyankova S.G. Methodological aspects of digital transformation of industry. Scientific works of the Free Economic Society of Russia, 2021, vol. 227, no. 1, pp. 292-313. (In Russian). URL: https://elibrary.ru/item.asp?id=45590571
2. Akberdina V.V., Romanova O.A. Regional aspects of industrial development: a review of approaches to the formation of priorities and regulatory mechanisms. The economy of the region, 2021, vol. 17, no. 3, pp. 714-736. (In Russian). URL: https://elibrary.ru/item.asp?id=45590571
3. Grinberg R.S. Technological revolutions and society: global trend and Russian specifics. The economic revival of Russia, 2019, no. 1 (59), pp. 17-22. (In Russian). URL: https://elibrary.ru/item.asp?id=37034356
4. Grinberg R.S. Economic stagnation: who is to blame and what to do? Scientific works of the Free Economic Society of Russia, 2020, vol. 222, no. 2, pp. 114-117. (In Russian). URL: https://elibrary.ru/item.asp?id=43080572
5. Galbraith J.K. New Industrial Society=The New Industrial State (1967). Moscow, AST Publ., 2004. 608 p. (In Russian). ISBN 5-17-024777-X
6. Dementiev V.E. Industry 4.0 and the Solow paradox. Moscow, Interregional public organization for the promotion of the study, promotion of the scientific heritage of N.D. Kondratiev Publ., 2019. pp. 124-132. (In Russian). URL: https://elibrary.ru/author_profile.asp?id=75836
7. Evseev V.O. Features of trends in the development of macroeconomic indicators of Russia. CITISE, 2015, no. 2 (2), pp. 13. (In Russian).  URL: https://elibrary.ru/item.asp?id=24194980
8. Evseev V.O. Modified model of expanded reproduction of the total social product (SOP) by Karl Marx. CITISE, 2019, no. 1 (18). pp. 29. (In Russian). URL: https://elibrary.ru/item.asp?id=37292602
9. Zeldner A.G., Osipov V.S. The role of state corporations in the innovation process.  Problems of theory and practice of management, 2020, no. 4, pp. 6-16. (In Russian). URL: https://elibrary.ru/item.asp?id=42895616
10. Ivanter V.V. Prospects of economic development of Russia. Problems of forecasting, 2018, no. 3 (168), pp. 3-6. (In Russian).  URL: https://elibrary.ru/item.asp?id=36408032
11. Kleiner G.B. Problems of reforming domestic enterprises. The economic revival of Russia, 2019, no. 2 (60), pp. 38-46. (In Russian). URL: https://elibrary.ru/item.asp?id=38167936
12. North D. K. Institutional changes: the framework of analysis. Questions of Economics, 1997, no. 3, pp. 6-17. (In Russian).  
13. Osipov V.S. On the characteristics of the uneven economic development of the European Union countries. Russian Economic Journal, 2019, no. 6, pp. 63-73. (In Russian). URL: https://elibrary.ru/item.asp?id=41544549
14. Bell D. Ethics and Evil: Frameworks for Twenty-First Century Culture. The Antioch Review, 2005, vol. 63, no. 2, pp. 207-221.
15. Castells M., Himanen P. The Information Society and the Welfare State: The Finnish Model. 1st ed. New York, Oxford University Press Publ., 2002. 200p. DOI: 10.1017/S1467222700014476
16. Cherednichenko L.G., Komarova I.P. Russian Economy: The Reality of Stagnation. Cham, Springer Publ., 2021, vol. 314, pp. 1655–1660. DOI:10.1007/978-3-030-56433-9_171
17. Hess D. Industrial fields and countervailing power: The transformation of distributed solar energy in the United States. Global Environmental Change, 2013, vol. 23(5), pp. 847-855. https://doi.org/10.1016/j.gloenvcha.2013.01.002  
18. Maevsky V., Malkov S., Rubinstein, A. A theory of overlapping generations of fixed capital. Herald of The Russian Academy of Sciences, 2016, vol. 86(1), pp. 39-47. DOI:10.1134/S1019331616010019
19. Myrdal G. The Political Element in the Development of Economic Theory. London, Routledge & Paul Publ., 1956. 248 p.

For citation:

Skryl T.V. The reasons for the stagnation of the Russian economy: on the development and modernization of the industrial sector. CITISE, 2022, no. 2, pp.65-74. DOI: http://doi.org/10.15350/2409-7616.2022.2.05