THE MIXED ECONOMY OF THE USSR: LESSONS FOR RUSSIA

Abstract

The need for technological modernization of the Russian economy within the framework of the existing economic model is not realized. This makes us turn to the study of alternative models, among which the domestic experience of a regulated mixed economy during the period of the new economic policy deserves attention. It was the world’s first mixed economy model that included a set of regulatory methods based on strategic planning. In addition to the strategic plan itself, this model included direct budget investment, budget subsidies, government orders, regulation of monopoly prices, methods of credit expansion and restriction. Based on this model, such elements of economic modernization were implemented as expanded training of qualified workers and specialists, the development of independent research and development activities in key areas of technological progress, the creation of new industries and enterprises in high-tech sectors of the economy, the organization of import substitution. The implementation of these measures also included the extensive use of foreign technical assistance and the involvement of workers and specialists from abroad. It seems that this experience can be adapted to the realities of the modern Russian economy in order to ensure real progress in the direction of its technological modernization.