Pre-print, Working paper: The main approaches to the determination of growth and development in the contemporary global economy are examined. Special attention is given to the measures of services, mainly in the spheres of health and finance, and of those services increasing knowledge. The paper discusses the short run advantages of the Russian economy, connected to natural resources, on the one hand, and to the scientific and technological culture of the workforce, on the other hand. It analyses the utilization of the accumulated financial resources, provided by the sale of natural resources, for investment in mega-projects in the sphere of science-intensive production and financial control. A schema of the flexible reconstruction of the existing system of production with the aid of the credit policy by the Central Bank is proposed.