Prospects for the Development of Russia on the Long-Term Wave of Growth in the New Technological Order

Abstract

Nanotechnologies are the key factor in the formation of a new technological order entering the growth phase. China and India form the core of a new (integral) world economic order, the main goal of which is to increase public welfare. Russia does not develop scientific and technical potential, nor does it master the institutions of the new order. The main reason is the significant underfunding of Research and Advanced Development. At the same time, the export of capital reached a critical value (240 billion), part of the capital (foreign exchange reserves) was arrested. The author emphasizes the positive trend of the decreased influence of the EU and North America in Russian foreign economic activity, a sharp increase in the impact of partners from Southeast Asia (India and China) is noted as well.