Is there an exit? What can be done to save our economy.

Published: January 25th, 2016

Give money to the economy

The exchange rate must be held, and if omitted, do it very neat. Target emission (release the money. - Ed.) is needed, careful saturation of the economy with money, for example by means of loans to medium and small businesses - said Yakov Mirkin, department head IMEMO RAS. - A capital amnesty is needed without informing themselves. It is needed to reduce administrative pressure, de-monopolization, privatization, privatization in the interests of the middle class. Authorities stop worrying people, do not make sudden movements in Russia! Everything that comes from the state should be cheaper than from our competitors, Russia should strive to become the country of low costs. We need to encourage foreign direct investment."

Reduce taxes and rates

"The development of manufacture has to be made the priority of our economic policy, - says businessman Konstantin Babkin. - Accordingly, it is necessary to drastically reduce the key rate: I am for zero, but you can stay on the American version - to 0.25%. Lower taxes - especially for the agriculture and enterprises that are invested in development, and do not take money abroad. To increase export duties on crude oil and lower excise taxes - it will lead to a decrease in the cost of fuel in the country and the growth of production."

Change the government

"First of all it is necessary to dismiss the entire government, because it has shown its utter incompetence - radicaly set Valentin Katasonov, economist, professor of MGIMO . - Another most urgent step, I believe, is the introduction of bans or restrictions on movement across the border of the money received as a result of speculative transactions on the exchange."


"The current government must be replaced by a team of practitioners, managers, industrialists and farmers - agrees Vladislav Zhukovsky, an economist and member of the Presidium of Stolypin club. - Complex measures are needed - you need to do everything at once, or else will no be possible to pull the economy. The rate on loans should be low, but care must be taken so that work in the real sector was more profitable than the financial market. If the speculation will continue to be more profitable, you need to close them."

Lift anti-sanktions

"The most important and necessary thing is the abolition of the so-called anti-sanktions, food embargoes, - says Vadim Novikov, senior researcher RANHiGS, an expert on anti-monopoly legislation. - Firstly, this measure would have a symbolic value, it would demonstrate a change of course and the first steps towards normalization of relations with the West. This normalization is on the agenda, what was recently said at the Gaidar Forum by the Prime Minister Dmitry Medvedev. Second, lifting the embargo would allow to quickly cut prices in the food market. Against this background, and other reforms would enjoy the confidence and support, of the population, and business."


Source: Аргументы и Факты

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