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Russian Economy in the New Putin Era: Present Situation, Challenge and Trend
2017-05-25 15:16  

TIAN Chunsheng

(№.3,2012)
Abstract: In March 2012, Putin was re-elected president. He emphasized innovation in Russian economic development and modernization in his election program, thereby showing the arrival of the new Putin era and indicating that this era will be an important period in which Russia will push forward economic growth and realize economic reform and national rejuvenation by innovation. The contents of Russian economic innovation in the new Putin era include the following: getting rid of raw material economy, raising the levels of home manufacturing business and international division of labor; expanding innovation economy, strengthening policy support for technological innovation; making use of all kinds of possible conditions to resolve the innovation fund shortage problem; integrating the advantage enterprise resources, conditionally controlling the proportion of state-own enterprises. In view of Russian policy tendency, Putin will continue to carry out a sounder economic policy, push
forward economic development by innovation and modernization; Russia will speed up economic growth under the conditions of maintaining macroeconomic stability. In the new Putin era, Russian economy will face a series of challenges: its reform and innovation will meet with resistance, its economic restructuring will have diffi culty taking a step forward and its development path conversion will still have a hard time. However, so long as Russians choose a road suited to their national onditions, Russian economic growth and revival are hopeful.
Key words: Russian economy; “new Putin era”; present situation; challenge; tendency

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