Once again about where to go: Toward a development strategy in isolation from the West

Abstract

It is shown that the program of institutional changes, outlined in a number of articles of the author, is even more relevant in the current context of sanctions and needs to be further elaborated. Due to restrictions on import and export flows, the need to form long chains of added value within the country is increasing. Business cannot cope with this task on its own. To solve it the institutions of catching-up development are needed, including the system of indicative planning headed by the general development agency and the national innovation system aimed at borrowing of technologies with a gradual increase of own innovative developments. It is advisable to conduct the reform of economic governance as a continuation of the reform of project activities carried out in 2018–2019. New institutions must ensure economic growth by forming a set of mega-projects and programs, coordinated with each other and with the budget, based on the coordination of efforts of the state, business and society at the federal, regional and municipal levels. The increased necessity of differentiated progressive income tax introduction is underlined. The expediency of forming consortiums, expanding the system of sector research institutes and increasing investment in education are noted.