THE DEVELOPMENT OF DOMESTIC BUSINESS IN THE CONTEXT OF MACROECONOMIC UNCERTAINTY

The paper covers the important issue of macroeconomic development of Russia – the state of business in the real sector of production that currently suffers significant troubles. The major research and practice problem of the paper is the discrepancy between the current business position and the development potential that it contains as the main driver of economic growth of Russia. The purpose of the study is to analyze the general business position and its particular characteristics in Russia against the background of macroeconomic indicators deterioration. The methodological basis of the study includes the principles of modern macroeconomic theory used by the system analysis and the analysis of statistical data. The paper proves the relevance of the problems of business development, presents the major macroeconomic parameters of Russia in dynamics, analyzes the causes and factors of macroeconomic uncertainty. The paper considers the main barriers to the business development and highlights the discrepancy between the current business position and the resource, production and innovation potential of the country. Special attention is paid to the indicators of inventive and innovative activity. As the additional characteristics of the situation in Russian business, the authors give world rankings data evaluating business and the conditions for its implementation by a number of indicators. The world rankings reflect the occurrence of a number of issues related to the quality of the institutional environment, general instability and financial imbalance, low competitiveness of domestic companies and domestic Russian market. In the context of national economic recovery through the development of business, the authors speak of the necessity for series of measures, in particular: the transition from the resource model of the economic development to the neo-industrial model, the creation of the conditions for domestic investments and the infrastructure support of the economy, and special attention to the development of small businesses, and others.