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MACROECONOMIC POLICY
The Necessity and Ways of Legitimation of Large-scale Private Property in Russia: Raising a Problem Results of privatization campaign in 1990's continue to meet strong opposition from a very considerable part of Russian people and authorities actually refuse to consider the rights of private owners legitimate and not subject to violation. One of the reasons for this, besides historical tradition, is a specific nature of Russian privatization of 1990's. The article brings to discussion a set of measures aimed at overcoming its negative consequences. While insisting on the need to honor all previous government obligations and commitments, the paper proposes a one-time special tax (windfall tax) to be levied on those who benefited most from privatization deals that were not just and fair, and special rules to be set for the use and sale of economic assets of national importance. The author also considers possible ways to legitimize private property, as well as chances to achieve a broad public consensus on this issue in Russia. Economic Development in 2006 and the Future of the Russian Economy: The Non-Resource-Based Sector Potential (The Economic Report of All-Russia Business Union "Delovaya Rossiya") The report considers how the state economic policy contributes to the national economic development in the midterm perspective. It analyzes main current economic problems of the Russian economy, i.e. low effectiveness of the social system, high dependence on export industries and natural resources, high monopolization and underdeveloped free market, as well as barriers that hinder non-recourse-based business development including high tax burden, skilled labor deficit and lack of investment capital. We propose a social-oriented market economy as the Russian economic model to achieve a sustainable economic growth in the long-term perspective. This model is based on people's prosperity and therefore expanding domestic demand that stimulates th ... Read more
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Belgium Online · 197 days ago 0 74
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Belgium Online
Brussels, Belgium
03.12.2017 (197 days ago)
 


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MACROECONOMIC POLICY
 

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