The paper discusses the features of the development of the economy in the context of globalization, the analysis of the competitive sectors of the Russian economy. The prospects of the development of leading industries and opportunities to compete in the global market.

The presence of investment cycles demonstrates the long-run policy of firms investing in particular periods (investment spikes) with lower or zero investment levels in between, which contradicts the smooth pattern predicted by a convex adjustment model. This paper investigates the spells between...