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ИД «Финансы и кредит»






Finance and Credit

Moral aspect in overcoming adverse events of information asymmetry in a market economy

Vol. 29, Iss. 4, APRIL 2023

Received: 6 April 2023

Received in revised form: 13 April 2023

Accepted: 20 April 2023

Available online: 27 April 2023

Subject Heading: THEORY OF FINANCE

JEL Classification: В1, В2, О1

Pages: 777–794


Dmitrii A. FIRSOV Association "Finnauchprosvet", St. Petersburg, Russian Federation

ORCID id: not available

Il’ya V. VESELOV Association "Finnauchprosvet", St. Petersburg, Russian Federation

ORCID id: not available

Subject. This article examines the obstacles to new industrialization in Russia aimed to achieve sustainable growth of gross domestic product.
Objectives. The article aims to prove the systemic nature of the obstacles to the implementation of new industrialization in Russia, which prevents a fundamental increase in the percentage of long-term high-tech projects in the economy, despite the declared goals.
Methods. For the study, we used systems and functional-structural analyses, observation, classification, mathematical methods, comparison, and generalization.
Results. The article reveals the essential components of the social and economic development of the country in the context of information asymmetry.
Conclusions and Relevance. To introduce a new value approach in the economy, it is necessary to develop an evidence base based on financial calculations and strategic development plans that are accessible to every citizen. The system of financial literacy of the population seems to be a tool for such implementation.

Keywords: market economy, asymmetry of information, new industrialization, moral behavior


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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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