TY  - JOUR
TI  - Strategic Aspects of Economic Growth in Russia
T2  - HSE Economic Journal 
IS  - HSE Economic Journal 
KW  - economic growth
KW  - development strategy
KW  - foreign direct investment
KW  - economic growth in Russia
KW  - structural change
KW  - economic growth rate
KW  - country development
KW  - securities market
AB  - We analyze the potential ingredients for sustained economic growth in Russia. Taking into account experiences in NICs and recent research we suggest that there is a lexicographical order of policy elements for achieving economic growth. Achieving growth mainly requires to establish a functional capital market, to encourage structural change, to nurture entrepreneurship and to stimulate trade expansion in the field of manufacturing products, while imposing some capital controls on short term inflows. Adequate foreign direct investment policies also are crucial which must include political stability and radical tax reform. We propose several strategic elements for growth policy, where adequate external support could be helpful.
AU  - Paul Welfens
UR  - https://ej.hse.ru/en/2000-4-2/26547923.html
PY  - 2000
SP  - 220-234
VL  - 4