Authors: S.V. Bereznev, E.E. Kulpina

Title of the article: Theories of economic growth and development: foreign experience and domestic practice

Year: 2018, Issue: 2, Pages: 4-10

Branch of knowledge: Economics and innovation management

Index UDK: 338.1

DOI: 10.26730/2587-5574-2018-2-4-10

Abstract: This article describes the theories of economic development. Differing in basic, fundamental approaches, they offer different behavioral hypotheses, use different concepts and categories, explain the development process in different ways, and provide different methodological and other guidance. In recent times, the problem of choosing strategic direction and models of Russian economy development became even more relevant, taking into account geopolitical factors (aggravated struggle for resources in the global economic space). In this regard, typological properties of Russian economy as whole and regional economies of industrial type are clearly expressed. So it is necessary to trace a manifestation of the effects from the use of the main drivers of development (export of goods, external and internal investments, innovation, etc.) in the real practice of regional industrial policy in the medium-long term, related solely to one or different theories at the same time.

Key words: economic growth economic development development strategy diversification industrial policy

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