Directions of the policy of unshadowing of the Russian economy

Abstract

The context of unprecedented character of modern political and economic conditions requires the conduction of ongoing studies and renewal of the strategy and tactics of unshadowing, as well as the search of relevant methods and tools for carrying out this process. The analysis of several indicators demonstrated the absence of efficient policy of unshadowing national economy, which, along with other factors, has a negative influence on the rates of economic growth in Russia. The notion of “unshadowing of the economy” was defined in the course of the study, as well as the importance of the unshadowing process in the way of economic growth. A conclusion was drawn that shadow economy is the symbiosis of economic, legal, financial and institutional relations, which have various nature and occurrence prerequisites, goals and motives. Therefore, the degree of restriction of the rates of economic growth as a result of shadowing economy is determined by the level of deviation of behavior of economic entities from the existing legal norms, as well as law and rules of competitive environment. Therefore, the choice of tools and mechanisms of unshadowing is determined by the state and scales of shadow activity. The authors note that the significant scales of the shadow sector in Russia became a serious threat to the sustainable social and economic development. Following the study the factors shadowing economy were revealed and several scientific recommendations regarding the leading of the Russian economy out of the “shadow” were formulated. Certain priorities were defined, including legalization of financial flow and labor market. A conclusion was drawn that the countermeasures against the negative factors, analyzed in the study, should be complex, which will ensure containment of development of the shadow sector and create necessary conditions for sustainable economic growth of Russian economy.