Title: Economy and finance: their interplay and reflection in the modern economic policy of Russia

Authors: Lyudmila Igonina

Addresses: Department of Institutional Economics and Investment Management, Kuban State Agrarian University, Krasnodar, Russia

Abstract: The paper considers economic policy problems in the context of the dialectical interplay of economy and finance. Market transformations in Russia generated an economic system which reproduced large-scale functional and structural disproportions. The character of interrelation of economy and finance at various stages of market transformations is investigated. This paper further examines the tasks of structural reorganisation which condition the choice of new agendas of economic policy (modernisation, new industrialisation) aimed at moving to qualitatively new trajectories of social-economic development. Such interrelations are seen as an increasingly complex phenomenon in the current conditions of globalisation of both the economy and financial markets.

Keywords: economic models; financial systems; financialisation; socio-economic development; economic policy; Russia; market transformation; structural reorganisation; globalisation; economy; financial markets.

DOI: 10.1504/IJMCP.2013.055722

International Journal of Management Concepts and Philosophy, 2013 Vol.7 No.2, pp.150 - 164

Available online: 05 Aug 2013 *

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