Accumulation of debt to future generations

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The article considers the possibility of forming debt to future generations, which can lead to the emergence and further development of a negative scenario for the development of the future country. Possible resource use cases for future generations have been identified. Negative changes have been identified, causing the threshold to change, leading to the formation of debt to future generations. The requirements of the new economic reality for the use of the country’s natural resources are formulated. The institutional trap of debt growth to future generations, due to the transition of the threshold of the debt measure, has been revealed. It has been determined that the active economic transformation under way in the context of the new economic reality creates an opportunity for the emergence of some means that allow for the regularization of this institutional trap. The possibility of obtaining a certain economic gain from the use of these funds initiates the influx of new participants who are drawn into this trap. Unfortunately, these participants do not take into account that once the institutional trap has exhausted its economic effects, the reverse process of increasing their transaction costs begins. Proposed measures of state participation in reducing the negative effects of the identified institutional trap.

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New economic reality, debt to future generations, institutional trap, qualitative changes of economy, dialectical approach, system analysis, scientific theory

Короткий адрес: https://sciup.org/142225385

IDR: 142225385   |   DOI: 10.17513/vaael.1575

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