Suchergebnisse

Main factors and development of the global financial crisis-2008 are generally discussed in the paper. The downturn in one of the local sectors of the US economy has caused major threats to functioning global financial markets. Structural problems of the Russian financial sector ("illusion of adequacy") have greatly enhanced negative consequences of the global crisis for the Russian economy. On the global level, main steps to minimize the costs of the crisis should deal with limiting protectionism growth, coordinating measures of economic policy and preventing a hard landing of a large group of economies.

Ukraine has the greatest economic potential among transition economies, but economic activities in the country highly depend on external markets, especially on the Russian one. The country has come a long way from the 1990-s, but the process of institutional transformation has been slow and met with conflicts under conditions of deep transitional crisis. There were two main directions of adaptation: competitive survival attempt of eastern industry and economic migration of western agrarian population. Divarication by the level of development and economic interests has impeded the formation of constructive development policy and led to elections rush, gas conflicts and short strategic planning horizons. Current painful economic crisis and coming elections will finalize transition period in Ukraine. The country will define its choice and ambitions: maintaining identity together with industrial and science potential and integration in the global development after the World Recession is over or lasting inner conflicts and integration as a labor force and territory provider.

The article deals with the process of transformation of the post-Soviet space in the last two decades since the collapse of the Soviet Union. Different models of economic development of former Soviet republics in the transition period are considered. Special attention is paid to the analysis of the type of economic and social development of Georgia with particular focus on the reasons and economic consequences of the conflict in South Ossetia.

The article develops methodological approach to the analysis of groups of interests' influence on the choice of Russia's development strategy. It is possible to pass on to the analysis of specific issues of economic policy by forming several sub-groups in every "analytical" group. The article also considers the structure of Russian economy which was formed as a result of transformational crisis' influence on Soviet economy, and relevant international comparisons. Main alternative ways of transition to innovational development are the renewal of Soviet "triangle economy" (the scenario "Mobilization") and complex institutional changes (the scenario "Modernization").