Ideas and Ideals

In the last few years, Russia economy has clearly delineated its Achilles’ heel – raw-export model of economic growth almost completely exhausted its potential. But an effective alternative model supposed
to come instead has not developed yet. As a result, despite on high oil prices on world markets and accelerating economic growth in many developed countries, Russian economy has recently experienced a
signifi cant slowdown of growth rates. The paper discusses key features of economic development of the Russian Economy for 2000–2008, reasons for the slowdown in 2012–2013, and prospects for its further
development, taking into account prevailing macroeconomic constraints and priorities of the state policy.