Economic sovereignty and quality of life in modern Russia (2014–2024): Dialectics of interrelation and social effects
https://doi.org/10.35854/1998-1627-2025-8-1040-1054
Abstract
Aim. The work aimed to conduct a comprehensive analysis of the impact of sovereignization
policy on the socio-economic well-being of citizens in the period from 2014 to 2024.
Objectives. The work seeks to analyze the evolution of theoretical concepts; to assess the dynamics
of the quality of life of Russians, as well as the economic sovereignty achievement level in Russia,
with regards to statistics; to identify and describe the mechanisms of mutual influence; to determine
the way the directions of sovereignization policy (import substitution, fiscal incentives, monetary
policy) affect social results such as employment, income, prices, and availability of loans.
Methods. The study methodological basis is interdisciplinary and includes a synthesis of theoretical
analysis of scientific literature and empirical analysis of quantitative data. It used a systems
approach to identify cause-and-effect relationships between macroeconomic policy and its social
consequences, as well as a comparative analysis to contextualize Russian indicators.
Results. The study revealed a profoundly contradictory situation. On the one hand, the
sovereignization policy contributed to strengthening macroeconomic stability, expressed in a
slight decrease in external debt, accumulation of reserves and achievement of record-low
unemployment level, which prevented a sharp decrease in the living standards. On the other
hand, the achievements are accompanied by significant costs. The key negative consequences
were persistently high inflation, reducing real incomes of the population, and deepening social
inequality, which is confirmed by the growth of the Gini coefficient.
Conclusions. The work confirmed the hypothesis that the relationship between economic sovereignty
and quality of life in Russia represent a complicated compromise. At the present stage, Russia
successfully solves the “protective” tasks of sovereignty, but faces challenges in the implementation
of “developmental” tasks. The growth model based on resource mobilization shows signs of
exhaustion and leads to the preservation of structural problems.
About the Author
S. V. Doholyan
Rimashevsky Institute of Socio-Economic Problems of Population of the Russian Academy of Sciences — Branch of the Federal Center of Theoretical and Applied Sociology of the Russian Academy of Sciences
Russian Federation
Competing Interests:
Russian Federation
Sergey V. Doholyan, D.Sc. in Economics, Professor, Chief Researcher, Head of the Laboratory of Problems of Standard and Quality of Life
32 Nakhimovskiy Ave., Moscow 117218
Competing Interests:
the author declares no conflict of interest related to the publication of this article.
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Review
For citations:
Doholyan S.V. Economic sovereignty and quality of life in modern Russia (2014–2024): Dialectics of interrelation and social effects. Economics and Management. 2025;31(8):1040-1054. (In Russ.) https://doi.org/10.35854/1998-1627-2025-8-1040-1054
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