The Global Financial and Economic Crisis and Prospects for Modernization of Russian Economy
Abstract
In this article, the problems of innovations are investigated in two aspects. On the one hand, a role of financial innovations in the USA (auction-rate securities, asset-backed securities) in the mechanism of modern financial and economic crisis is distinguished. On the other hand, some conceptual issues and practical steps of realization of the idea of the Russian economy modernization in a broader context are considered.
Keywords:
crisis, modernization, Innovations, rent seeking, clusters
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.