WHAT THE REGIONS CAN DO TO OVERCOME STAGNATION AND REKINDLE PROMINENT SOCIAL AND ECONOMIC GROWTH
A.G. Aganbegyan
National Economy and Public Administration, Moscow, Russia
Keywords: стагнация, экономический рост, инвестиции, человеческий капитал, благосостояние, stagnation, economic growth, investment, human capital, well-being
Abstract
The article discusses the crucial need for rekindling social and economic growth in Russia. The social and economic development in the regions should be driven primarily through the mobilization of investment in fixed assets and knowledge-based economy, especially in human capital; since it is human capital, as well as people’s knowledge and skills, that determines social and economic growth. The article considers the opportunities that the regions have to improve citizens’ well-being.
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