Importance Economic growth and increase defense capability of Russia need to be based on the innovation-driven economy originating from the fifth wave of innovation. Attaining the high technological level will help automate governance and production, increase labor productivity, quality of life and ensure appropriate defense. The current investment and economic crises arise from the obsolete governance model based on export of resources, and stable distrust of investors to governmental institutions. Hence, I scrutinized other governance models, which do not have such drawbacks as the existing one does. Methods The methodological framework is based on methods of logic and statistical analysis. Results I analyzed the current situation in the Russian economy and identified bottlenecks impeding the creation of high-tech production. I studied possible sources of investment to move the economy forward and address other issues, increase standards of living, rehab and preserve the natural environment and strengthen the defense. Conclusions and Relevance To create the innovation-driven economy and ensure the appropriate defense, Russia should abandon the liberal and monetarist model of managing the resource-based economy as it existed in the 1990s, and opt for a new planned market model.
Sulakshin S.S., Maksimov S.V., Akhmetzyanova I.R. et al. Gosudarstvennaya politika protivodeistviya korruptsii i tenevoi ekonomike: monografiya [The State policy for countering the corruption and informal economy: a monograph]. Moscow, Nauchnyi ekspert Publ., 2009, 304 p.
Glaz'ev S.Yu. Vybor budushchego [Choosing the future]. Moscow, Algoritm Publ., 2005, 352 p.
Tyagunenko L.V. [The governance and planning system in the economy of Yugoslavia]. EKO = ECO, 1996, no. 2, pp. 11–19. (In Russ.)
Tyagunenko L.V. [The Federal Republic of Yugoslavia on the verge of the 21st century]. Novaya i noveishaya istoriya = Modern and Contemporary History, 2001, no. 3, pp. 32–41. (In Russ.)
Yugoslaviya: trudnyi put' [Yugoslavia: The Hard Way]. Moscow, Ekslibris-Press Publ., 2001, 84 p.
Nikiforov L.A., Ostrovidov K.P. Sotsialisticheskaya Federativnaya Respublika Yugoslaviya [The Socialist Federal Republic of Yugoslavia]. Moscow, Nauka Publ., 1985, 127 p.
Kudrov V.M. [Yugoslavia: The farewell portrait of the economy]. Obshchestvennye nauki i sovremennost' = Social Sciences and Contemporary World, 2002, no. 1, pp. 18–25. (In Russ.)
Selishchev A.S. Kitaiskaya ekonomika XXI veka [The Chinese economy of the 21st century]. St. Petersburg, Piter Publ., 2004, 240 p.
Devyatov A.P., Martirosyan M. Kitaiskii proryv i uroki dlya Rossii [The Chinese breakthrough and cases for Russia]. Moscow, Veche Publ., 2002, 400 p.
Chistobaev A.I. [China and Russia: Retrospective evaluation of the effectiveness of market reforms]. Sotsial'no-ekonomicheskaya geografiya. Vestnik Assotsiatsii rossiiskikh geografov-obshchestvovedov = Socio-Economic Geography. Bulletin of the Association of the Russian Geographers-Sociologists, 2015, no. 4, pp. 51–61. (In Russ.)
Avdokushin E.F. [Setting up technological centers in China]. Problemy teorii i praktiki upravleniya = Theoretical and Practical Aspects of Management, 1994, no. 4. (In Russ.)
Valentinov I.V. Novyi khozyaistvennyi mekhanizm pri NEPe [The new economic mechanism in the time of the New Economic Policy]. Moscow, Ekonomika Publ., 1991, 456 p.
Goland Yu.M. Ekonomicheskie diskussii ob ekonomicheskoi politike 1921–1924 gg [Economic debates on the economic policy of 1921–1924]. Moscow, Ekonomika Publ., 2001, 630 p.
Kaz'min A.I. Finansovoe ozdorovlenie ekonomiki: Opyt NEPa [Financial recovery of the economy: The case of the New Economic Policy]. Moscow, Moskovskii rabochii Publ., 1990, 256 p.
Glaz'ev S.Yu. Ekonomika budushchego. Est' li u Rossii shans? [The economy of the future. Does Russia have a chance?]. Moscow, Knizhnyi mir Publ., 2016, 640 p.
Novaya promyshlennaya politika Rossii [The new industrial policy of Russia]. St. Petersburg, Aleteiya Publ., 2016, 336 p.
Satarov G.A., Levin M.I. [Corruption in Russia: Classification and dynamics]. Voprosy Ekonomiki, 2012, no. 10, pp. 5–14. (In Russ.)
Orlenko L.P. [Classification of contemporary wars]. Izvestiya Rossiiskoi akademii raketnykh i artilleriiskikh nauk = Bulletin of the Russian Academy of Rocket and Artillery Sciences, 2016, no. 3, pp. 169–174. (In Russ.)