Pchelintsev O.S. Regional Infrastructure on the Way of Liberal Reforms.

    The ever-growing interregional disparities in Russia emerge to be an important constraint of the economic growth. Taking away institutional barriers on the way of the goods, capital, and manpower fails to solve this problem. Moreover, it accelerates the outflow of these resources from poor regions to richer territories. Under these conditions the radical change in regional policy becomes a necessity. It should be transformed from the policy of subsidizing current expenditures of regional budgets (as it is to-day) into the long-term strategy of development regional infrastructures (public works and public utilities) which is the only way to provide the real freedom of choice and competition.

contentContents

back   Back to home page