Yu. Tikhomirov, Elvira Talapina

Law as an Effective Factor in Economic Development

2020. No. 1. P. 4–26 [issue contents]
Aim of this research consists in identification of a role and opportunities of the Law ineconomic development ensuring. The carried-out analysis allows to claim that theeffective mechanism of legal regulation serves as a powerful factor of economic growth.In the context of implementation of national projects it is necessary to overcome a gapbetween the legal purposes and results and to provide effective legal administration.Thereby it is possible to strengthen forecast and analytical activity and overcomingrisks, to designate the clear bases for elaboration and implementation of legal acts inthe field of economy. Implementation of legal prognostication practice and diagnosticsof risks allows to implement opportunities for reliable planning of legal development inthe economic sphere. Authors prove that successful economic activity is influenced bythe coordinated use of private law and public law regulators in business activity, on theone hand, and dynamic administrative regulation due to new information technologies, onthe other hand. Thereby that correlation between legal regulation and economic activitythat contributes to the economic development and the high results is reached. At thesame time, it is noted that the exaggeration of the market mechanisms role has led to aclear underestimation of public administration. Authors make specific recommendationsfor reorganization of the public administration system in the field of economy, suggestingto adopt federal laws on executive authorities and on the legal acts system. The structureof legislation does not allow to consider the increasing complexity of the relations thatbecomes visual on the example of digital economy. It leads to mixing of public law andprivate law regulators. Large understanding of digital economy includes also reform ofpublic administration, for the purpose of increase in its efficiency and effectiveness. Inspite of the fact that the law quite conservatively belongs to emergence of new subjectsand objects, it begins to adapt to the digital transformations assuming a big part oftechnical and legal norms, self-regulation. As a result more and more opportunities forinclusion of social norms in the mechanism of legal regulation are created.
For citation: Tihomirov Yu.A., Talapina E.V. (2020) Law as an Effective Factor of Economic Development. Pravo. Zhurnal Vysshey shkoly ekonomiki, no 1, pp. 4–26 (in Russian) DOI: 10.17323/2072-8166.2020.1.4.26
Citation: Tikhomirov Y., Talapina . (2020) Pravo kak effektivnyy faktor ekonomicheskogo razvitiya [Law as an Effective Factor in Economic Development]. Pravo. Zhurnal Vysshey shkoly ekonomiki, no 1, pp. 4-26 (in Russian)
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