The Struggle of Traditions and Innovations in the Future Model of the Russian Economy Growth and Development (Book Review: Exploring the Future of Russia’s Economy and Markets / ed. by B. S. Sergi. – Bingley : Emerald Publish

Abstract

The article gives a review and presents the results of the international study of growth and development prospects of the Russian Economy in “Exploring the Future of Russia’s Economy and Markets” collective monograph edited by Doctor of Economics, Professor B.S. Sergi (Harward University, USA) published in 2018 by Emerald publishing house. The authors identify key industry markets in the economy of modern Russia and make a future model of its growth and development for the medium term period (until 2025). The paper shows the battle of traditions and innovations within this model. This process implies achieving the goal of sustainable development and at the same time achieving Russia’s leadership in high technology industries (HighTech). On the basis of the book prepared by its editor Doctor of Sciences (Economics), Professor, president of “Institute of Scientific Communications” autonomous non-profit organization (Volgograd) E.G. Popkova, Doctor of Sciences (Economics), Professor of Plekhanov University of Economics (Moscow) E.V. Popova, chief researcher of the State Research Institute for System Analysis of the Audit Chamber of the Russian Federation (Moscow) Yu.V. Raulina, as well as Doctor of Sciences (Economics), Professor, chief researcher of the All-Russian Research Institute of Agricultural Economics, chief researcher of the State Research Institute of System Analysis of the Audit Chamber of the Russian Federation (Moscow) A.V. Bogoviz perspective directions for future growth and development of the Russian economy are identified. They are the integration of entrepreneurship (including international one), green innovations and dynamic innovative development based on industry 4.0 technologies.