| Abstract: |
It is shown that the institutional trajectories of catching-up development in
successful countries contained similar interim institutions; this similarity
is explained by common technological, institutional and cultural constraints
that should be taken into account and to overcome. Corporatism, indicative
planning, the presence of the "main" development agencies with broad powers,
maintaining an undervalued exchange rate - due to these and a number of other
mechanisms, countries of economic miracle were able to initiate and maintain
rapid growth, despite low level of human capital, underdevelopment of civic
culture, and market failures. Institutes of catching-up development
contributed to the formation of collaborative relationships between the
government, business and society. They softened the existed constraints, and
they itself were gradually modified to ensure the transition to modern
democracy with effective market economy. The analysis allows to outline а plan
of institutional reform , taking into account the institutional
particularities of Russia. The principles of the administrative reform are
considered. The problem of the formation of a hybrid national planning system
is formulated, which includes indicative planning and program budgeting. To
finance the planned projects, it is offered a mix of public-private
partnership and project financing. It is proposed to use the Japanese
experience of stimulating temporary association of companies for the
development of modernization projects. The principles of reforming of the
state property governance, as well as education and science sectors are
discussed. |