• P-ISSN 0974-6846 E-ISSN 0974-5645

Indian Journal of Science and Technology


Indian Journal of Science and Technology

Year: 2015, Volume: 8, Issue: Supplementary 10, Pages: 1-11

Original Article

A Quarter Century of Reform of the Russian Economy: Is it Wandering in a Maze or Jogging in Place?


The article presents a retrospective analysis of the experience of economic reforms in Russia; it deals with methods, driving forces and directions of the modernization process. The comparative analysis of economic models of modern Russia and the Russian Soviet Federated Socialistic Republic (RSFSR) in the framework of the Union administrative-command system was conducted in the work. The authors define the reasons for the low efficiency of the implementation of economic reforms in Russia today, highlighting as a major a low level of public support for the government’s economic policy.
Keywords: Industry Modernization, Public Support, Structural Reform of the Russian Economy, The Strategy of Economic Development


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