Title: Institutions and Economic Growth: Some Realities of Contemporary Russia
Abstract: The interactive structure - ‘the State (authority) – property’ that has been created during the 2000s envisages a merger of state property with the vertical of power. In such a model, the principal long-term problem consists not only – and not so much – in the fact that the ‘business community’ (the market and private property) is subordinated to the State (authority). It is no less important that the interaction between the state and private forms of ownership, instead of being horizontal (when there are market-based preconditions for competition), becomes vertical. This absence of market-based competition, in its turn, results in the suppression of one of the forms, in the destruction of market mechanisms and ultimately in the loss of the efficiency potential in both the state and private sectors.
Publication Year: 2012
Publication Date: 2012-01-01
Language: en
Type: article
Indexed In: ['crossref']
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