Regional Economics: Theory and Practice

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Regional Economics: Theory and Practice

10(103) - 2009 April

Strategic steps to overcome economic turmoil in Russia

Vol. 7, Iss. 10, APRIL 2009

Available online: 2 October 2009

Subject Heading: Regional development strategy

JEL Classification:

Egorov E.G. Doctor of Science (Economics), associate professor, academician of the Academy of Sciences, Republic of Sakha (Yakutia), Director of the Institute
8 (4112)35-11-08

Danilov Y.G. senior researcher, Institute for Regional Economy of the North ;

World financial turmoil involved all spheres of the global economy. Market mechanisms failed to regulate themselves, all the leading countries faces the problem of overcoming the crisis in their economies. The authors give a model of inflation development of the world economy, and set its main regulation characteristics. They also suggest strategic steps for this country to overcome the turmoil. Anticrisis steps taken by the Government can only be regarded as tactical ones and solve current problems.

Keywords: finances, turmoil; economy; market, mechanism; model, development; world, economy; strategy, steps

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ISSN 2311-8733 (Online)
ISSN 2073-1477 (Print)

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