ECONOMICS AND PUBLIC ADMINISTRATION IN MODERN RUSSIA: PROBLEMS AND SOLUTIONS

The article deals with some problems of the Russia modern economy, as well as issues of public administration. The urgency of economic problems is caused both by foreign policy (unfair competition connected with application of sanctions), and with internal, conditioned structural features of the Russian economy, low productivity, deficit of investment resources, weak development of small and medium entrepreneurship, insufficient development of non-raw export, deficit of modern technologies and some others. The problems of public administration are related to the growing number of functions of Federal Executive bodies, the increase in the number of inspections and their extreme inefficiency. This article analyzes the state and the main problems of the modern Russian economy and public administration; to find out the main reasons for them, to consider the goals and objectives facing the state in this regard and ways to solve them. The study methods includes dialectical method, method of analysis, synthesis, comparative-historical, statistical, problem-chronological, methods of actualization, concrete and logical analysis. The study finds that the problems of the modern Russian economy are due to a number of objective and subjective factors. Some of them are associated with external factors, unfair competition of Western partners, especially the United States, using economic sanctions to achieve geopolitical superiority and ensure their national interests. However, most of the problems of the Russian economy are due to internal reasons. First of all, we are talking about the need to increase labor productivity, provide favorable conditions for the development of small and medium-sized businesses, reorientation of the economy from the export of hydrocarbons to the export of non-raw materials, high-tech products, solving problems associated with investment, active development and introduction of modern technologies. It seems that without a highly effective, scientifically sound professional public administration, the solution of the problems facing the economy of Russia will be impossible. (C) 2019 INT TRANS J ENG MANAG SCI TECH.