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The article titled «Russia-2024: The strategy of social and economic development» by Dmitry A. Medvedev, Chairman of the Government of the Russian Federation, was published in Voprosy Ekonomiki (2018, No. 10, pp. 5–28). The author describes and analyzes the tasks of Russian economic policy for 2018–2024 and suggests a trajectory of economic, social, and technological breakthrough that should ensure sustainable growth of well-being and competitiveness of individuals and the society as a whole.

According to Dmitry Medvedev, the Government of the Russian Federation has managed to prevent further macroeconomic crisis and to relieve burning financial issues without a critical rise of national debt. The current priority areas for structural reforms are human capital (first and foremost — healthcare and education), infrastructure, and public administration. A separate place is given to national projects dealing with stren­gthening the competitiveness of the economy and aimed at achieving positive results in the areas of labor produ­ctivity, employment support, science, digital economy, small and medium businesses, international cooperation, and exports. This should ensure faster technological growth, help develop highly productive export-oriented economy sectors, and facilitate infrastructure development.

The paper also discusses school education and adult education, and raises the question of rearranging the shares of public and private funding for research and development towards increasing the private share. It also raises some issues in medicine and healthcare: medical services personalization, telemedicine, availability of primary health care, etc. Reducing the current poverty rate is one of the priority areas of Russia’s national policy. In this sphere it’s necessary to ensure that social assistance is targeted. One of the key factors for productivity growth is technological modernization and digitalization of the economy. This includes the task of bridging the gap between the most digitally developed companies and the rest of the country’s businesses, which form a substantial portion.

As for national exports, the author states that Russia will not create barriers to international economic relations. Instead, it will head towards liberalizing foreign trade and increasing exports of services. Non-commodity exports must become an indicator of the success of the import substitution policy. Besides, to reach the said goals, the country must have an effective, comprehensive tax and budgetary policy, which should combine solutions for fiscal, economic (stimulating business activity), and social tasks.

Anlytics on the topic

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Research
14 June 2019
41 RUSSIA ECONOMIC REPORT: MODEST GROWTH; FOCUS ON INFORMALITY

The 41st edition of World Bank’s biannual report on Russia’s economy describes recent developments, gives an economic forecast for 2019–2021, and includes a special section on informal employment.

Research
29 May 2019
Women, business and law

A report prepared by experts from the World Bank examines the laws, statutes, codes, rules, regulations and requirements defining the prospects of women as entrepreneurs and employees in 189 countries. The data provided should form the basis for the discussion of policy issues related to the elimination of legal restrictions for women, and intensify research to increase women’s participation in economic development.

Research
12 April 2019
Maturity Level of Risk Management in Russia

The research project by Deloitte CIS Research Centre is focused on maturity levels of risk management in domestic and foreign companies in Russia in 2017.

Analytical digest
6 September 2022
Trade Relations Between Russia and China: Potential for Growth

The Research Center ITI has prepared an analytical digest titled «Trade Relations Between Russia and China: Potential for Growth» where it studies the importance of Russia as a trade partner for China in main export categories, trends in China’s demand for imports, and regional and transportation aspects of trade. The study was done as part of ITI’s expert analytics partnership with the Roscongress Foundation.