Concept and Principles of Economy State Regulation for Overcoming Economic Crisis in Russian Federation

Abstract

The global economic crisis is unfolding more strongly due to the pandemic and the consequences of restrictive measures from the United States and the countries of the European Union. Expanding sanctions from the West are pushing the Russian Federation to take actions that will be decisive both for the country’s economy and the world as a whole. Classical methods of the economy state regulation are struggling with the consequences of the financial crisis, but do not eliminate the cause of the economic, which lies in the disproportion of development. Today, the centralization of capital has reached a critically high level, inflation is accelerating, and import substitution concerns only final consumption goods, which does not correspond to the conditions of economic growth, according to which the production of capital goods should be ahead of the curve. In this regard, it is necessary to revise the approach to state intervention and define new principles or criteria. The principles of state regulation can provide an easy process of transformation of the economic system, the transition to a new economic order, as well as guarantee the safety and security of the system. Among them are the following: the use of integrated planning for economic and social development; forecasting indicators of safe development of the socio-economic sphere; implementation of national targeted comprehensive social programs; scientific substantiation of state regulation; validity from the scientific point of view of economic cybernetics management; compliance with the goals and national interests of the state; integrity and coordination of ongoing measures, consistency; dynamism and availability of strategic planning; use of digital and information technologies; transition to automated control; the principle of safety and focus on efficiency.