The article is dedicated to the reforms of the outstanding Russian statesman Pyotr Stolypin. It reflects realized and missed opportunities to reform the complex socio- economic system of the Russian empire, its economy, social structure , the Army, the Navy, the institutional sphere in general. The article the necessity and the possibility of applying some of the reform approaches and methods of the early 20st century in Russia to the modern practice of reforming and developing the domestic economy.

For the bulk of the market segments namely innovation is the main incentive to successfully overcome the crisis.