HOW TO RESUME SOCIAL AND ECONOMIC GROWTH IN RUSSIA?
The stagnation that arose in 2013 is manmade, generated by a significant reduction in public investment. The negative trends that arose were exacerbating - outflow of capital, reduction of state budget expenditures, decrease in investments in human capital, demographic crisis, progressive obsolescence of fixed assets, especially machinery and equipment. The negative impact of sanctions and falling oil and gas prices. The need for radical measures to overcome stagnation and negative trends that are pulling the economy into recession - accelerated growth of investments in fixed assets (10% annual growth) and investments in the field of «knowledge economy» (up to 15% growth) based on radical measures for technological reequipment and recovery hightech industries for 15-20 years to the level of advanced countries. New sources of finance, incentives and structural reforms are needed. An important condition is the transition to a fiveyear national economy (starting from 2021-2025) and annual planning, following the exampleof China and other countries.