Mirkin Yakov
Sudden Turn
Publication Type:

ISSN 2221-2264

The article reveals the main constraints to the economic development and growth in Russia, stemming from the current economic model, the nature of the financial system, and the existing global risks and conflicts. The basic scenarios according to which the macroeconomic situation in Russia will develop are given. The probability of possible scenarios is estimated, taking into account the standards of social behaviour and the traditional cultural values. We discuss in detail the strategy of “sudden turn”, based on a pragmatic liberalism, the principles of developmental economics and the experiences of countries that have achieved the economic miracle after World War II. Moreover, the article discloses the components of macroeconomic policy that might lead Russia to the path of outrunning economic growth and “catching up” modernization. In particular, it shows the key elements of monetary, interest rate, exchange rate, fiscal, tax, investment, price, and capital account policies, as well as policies in the fields of ownership and anti-monopoly regulation. 

Keywords: economic reality | scenario | catching up modernization | economic miracle | developmental state | pragmatic liberalism | developmental finance |

Russian Science Citation Index


Mirkin Yakov
Трансформация в социальную рыночную экономику - миф или реальность для России // Экономическое возрождение России. 2021. № 1 (67). С. 48-53. DOI 10.37930/1990-9780-2021-1-67-48-53.

Zhukova Tatiana
Financial Formula for Spanish Economic Miracle

Mirkin Yakov
The Russian economy: growth under sanctions (future scenarios)

Mirkin Yakov
Финансовый форсаж [Текст] / Я. М. Миркин // Банковские услуги. – 2018. – № 10. – С. 2-7.

Gel'bras Vilia
30 лет реформ открытости Китая / В.Г. Гельбрас // Общественные науки и современность. – 2009. – № 3. – С. 109–117.

Nochevkina Louisa
Will the economic miracle in Russia? World experience of market reforms. Moscow, Strelets, 1999. 120 p.

Zolotareva V., Yemelyanova Olesya
Models of "Catch-Up Modernisation" in the Countries of "Peripheral Capitalism": the General and the Particular

Mirkin Yakov
Новая экономическая политика для России // Научные труды Вольного экономического общества России. 2021. Т. 227, № 1. С. 115-127. DOI 10.38197/2072-2060-2021-227-1-115-127.

Avtonomov Vladimir
Which human qualities can economic liberalism be based on?

Sheinis Viktor
Russia’s National Security. Durability Trial (Part 1).

Kamensakya Galina
World without Modernity

Yemelyanova Olesya, Shcherbakov Denis
Land Tax Reform in Meiji Japan and Its Outcomes

Gadzhiev Kamaludin
Liberal-Conservative Consensus in the Western Countries

Shishkov Yu.
Модернизация. Машинное отделение / Ю.В. Шишков // Прямые инвестиции. – 2010. – № 10. – С. 36–38.

Kamensakya Galina
«Теоретическая лаборатория» современного либерализма [Текст] / Г. В. Каменская // Власть. – 2018. – № 8. – С. 53-59. DOI: 10.31171/vlast.v26i8.6044.

Klinova Marina
A View in the Retrospect of Time: A History of State and Business Interaction. Russian and Soviet Marxism on the State’s Role in the Economy // Economic Strategies. – 2017. – No 5 (147). – P. 200–213.

Mirkin Yakov , Dobachina I.
Russian economy: Challenges and scenarios of volatile future

Gilkova Olga
Экономическое обеспечение военной безопасности КНР в посткризисный период пандемии COVID-19 // Экономика и предпринимательство. 2022. Т. 16, № 6 (143). С. 82-87. DOI 10.34925/EIP.2022.143.6.013.

Lunev Sergey
Impact of civilizational specifics of the biggest countries on their social, political and economic development: a comparative analysis [Text] е / S.I. Lunev, A.D. Voskressenski // Sravnitelnaya politika-Comparative politics. – 2016. – Vol. 7. – № 3(24). – P. 85 – 106.

Kuzmina Elena
Modernization of the Caspian States economy (Kazakhstan as an example)
Related publications

Comments (0)

No comments

Add comment

First news
Institute News

The Council of Young Scientists and Specialists of IMEMO and the Primakov Center for International Cooperation will hold a Youth Session of the International Scientific and Expert Forum "Primakov Readings" on the theme "Russia in Changing World Order: Challenges and Opportunities" on June 22-–27, 2024.



On June 19, 2024 at 12:00 in the Academician Inozemtsev conference hall (3rd floor) a meeting of the Scientific and Theoretical Seminar of the Center for Asia Pacific Studies was held.


Recently Published