EXPORT-ORIENTED MODEL OF SUSTAINABLE DEVELOPMENT IN RUSSIA (FROM THE “DUTCH DISEASE” TO INNOVATIVE DEVELOPMENT)

This article analyzes the “Dutch disease” as a significant barrier to sustainable economic development of Russia; this is associated with the presence in the country of large hydrocarbon resources and their enhanced export. Rybczynski’s theorem was used to demonstrate negative effects of the “Dutch disease” in advancement of processing industrial sectors. The “oil-shale revolution” that occurs mainly in the U.S. and represents a threat even for the Russian export of natural gas and oil, has been analyzed. A liberal export-oriented model of Russia’s participation in the international division o... Mehr ...