Vectors of Development of the Modern Market Economy

In order to reflect the essential, debatable and problematic aspects of the newly emerging vectors of socially oriented development of market economy in the countries and regions of the post-Soviet space, the article presents a generalized analytical material on the results of reports, speeches and debates at the VII International scientific-practical conference “Тhe Phenomenon of Market Economy: From its Origins to the Present Day”. It focuses on the methodological research positions of dialectical and systemic approach and takes into account the various points of view of prominent modern domestic and foreign scientists and economists on the evolutionary and transformational aspects of the market economy in the past and present. In the context of modification by the authorities of the fundamental beliefs of the alternative paradigms of economic science and political economy, we considered the peculiarities of the dialectic of the reproduction mechanism of the market economy and gave the evaluative characteristics of this current global economic phenomena and processes, which are now often referred to as “fake”. We also showed the newly emerged prerequisites and tendencies of increasing political risk in the conditions of the international competition of subjects of the market system of management. The authors paid particular attention to the understanding of the theory and practice of publicprivate entrepreneurship, positive and negative aspects of the policy of import substitution. Finally, we substantiated the scientific and practical proposals and the vision of the original solutions in the field of such urgent problems of the modern market economy development in Russia and the post-Soviet space as ensuring the all-inclusive digitalisation of business processes and overcoming the consequences of the increased economic sanctions.

modern market economy, paradigms of economic science, political economy of power, “fake” economy, private-state entrepreneurship, risk management, economic sanctions, import substitution

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