The Development of the Russian State Economy in the Name of Privatisation
Since the economic transformation,privatisation has been the main line of Russia's official property reform policy.However,economic data show that Russia's state-owned economic sector has continued to grow with the support of government policy.In particular,Russia has carried out several rounds of privatization since 2000,selling high-value state assets for the purpose of raising funds for the government.In the meantime,however,the government has continued to strengthen the role of the state-owned enterprises in national economy through policy support under the main line of privatisation.This policy choice in Russia stems from the critique of neoliberalism as well as the reorientation of the nature of state economy and diversity of its functions.The development of Russia's state-owned economy has its roots in the fact that state-owned enterprises are regarded as the carriers for the realization of national strategies and social policies,and as the basic resources for maintaining national economic security and resisting external sanctions and other shocks under certain conditions.Given the impact of COVID-19 pandemic and sanctions from the United States and European Union since 2019,the construction of economic sovereignty becomes increasingly urgent for Russia.The role of the state economy in accelerating import substitution,implementing industrial policy and national strategies,strengthening social security and ensuring national security has become more prominent.Russia's experience in the development of the state economy shows that,against the background of profound changes on a scale not seen for a century,intense international competition and confrontation have posed enormous challenges to relevant country's economic security and national strategies,which has significantly increased the importance of state economy.
Russiaprivatizationstate economymultiplicity of functionspolicy options
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