ACTIVE MANAGEMENT OF ECONOMY (mtical notes)
The paper discusses resource-based orientation of Russian exports, particularly relevant for the Russian economy in the upcoming entry into the World Trade Organization. The author's present arguments about the unreadinessof the Russian economy to join the WTO, underdevelopment of the domestic market, growing threat to food security. Based on the analysis of the statistical data for the last 10 years, the authors conclude that there is a need for accelerated development of the real economy (industry, agriculture, construction, transport) aided by oil and gas exports funds. To avoid turning Russia's economy in a provincial mining economy the authors suggest introducing systemic reforms in economic policy which include the establishment of bank interest on loans at a lower level than margin in mechanical engineering; reduction of VAT followed by a transition to sales tax, raising import tariffs and investing the money in the development of import-substituting production, etc.