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Recovery Growth and Some Peculiarities of the Contemporary Economic Situation in Russia

This article shows that after the collapse of the USSR the post-socialist countries all followed a similar path: after the transformation fall in social production they are now in the stage of growth. Moreover, this does not depend on particular circumstances connected with, for example, the absence or presence of exportable resources, government by one party or another or the accession of any particular politician to power. This growth, called recovery growth, by its nature inevitably fades, and in Russia its possibilities are practically exhausted. However, the question is not about driving up the pace of growth, which is dangerous. On the contrary, efforts must be concentrated on preparing and carrying out comprehensive, interconnected structural reforms, which will also ensure steady economic growth in the future. The country, the author says, must learn to develop using not so much instruments of state coercion as private incentives and initiative.