Effective state ownership administration in the context of the privatization process in Russia

Abstract

The aim of this article is to describe, explain and understand the problems of effective state ownership administration in modern Russia. The author discusses the need of qualitative institutional transformations in the system of state ownership management due to modern conditions of innovative processes in the economic system. The main direction of the state policy concerning the implementation of state ownership administration (including the current process of privatization) is qualitative improvement of public administration. The overview of Russian experience in active introduction of results-based management into the authorities’ activities has revealed a negative concern in the existing management system: introduced productivity indicators are generally used as the instrument of control or reporting instead of management. Therefore, it is necessary to develop an effective monitoring and evaluation system of state ownership administration that can promote remedial action for the weak elements of the civil service management system.