Russia’s economic advantages and their effective use

UDC 330.34
DOI: 10.36871/u.i.k.2024.03.03.007

Authors

M. A. Uryadnikova
Kutafin Moscow State Law University (MSAL), Moscow, Russia
Scientific supervisor:
Lela V. Chkhutiashvili, Doctor of Economics, Associate Professor, Professor of the Department of Management and Economics O. E. Kutafin Moscow State Law University (MSAL)

Abstract

The article reveals the economic advantages of the Russian Federation over other countries and how they can effectively use the benefits in the future. The goal is to obtain data on what exceptional advantages Russia has. To do this, the method of analyzing the existing economic system of the state is used, as well as the study of statistical indicators of economic development. As a result, it is concluded that it is necessary to build technological transfer mechanisms in the context of using elements of Russian industry, including them in the chains of international production. Options for the effective use of the country’s economic advantages in the future are proposed.

Keywords

economic advantage, national economy, effective use, strategic planning, economic system, globalization, foreign economic relations, competitive market, competitiveness, economic development.