Strategies of Sustainable Development: Social, Law and External-economic Aspects
- Author:
- Elvira V. Loginova
- Work direction:
- Общие вопросы экономических наук
- Abstract:
- The economy has undergone numerous changes over the past 40 years, the most significant being the transition from a planned to a market economy. This process, which began in 1992, was far from smooth and measured, allowing society time to adapt to the new system, but rather abrupt, eliminating any opportunity to adjust to the inexorable pace of development and change. The main difference between a planned and a market economy is the mechanism for resource allocation and pricing: In the Soviet Union, the state acted as the sole controller and regulator, determining the quantity, cost, and distribution of manufactured goods. In the Russian Federation, these powers are vested in individual entrepreneurs and legal entities, with rare exceptions, such as government contracts. However, even though this area is completely under state control, this does not mean it is immune to fraudulent schemes.
- Keywords:
Strategies of Sustainable Development: Social, Law and External-economic Aspects
Law, Economics and Management