International Conference in Kyoto “Recent Trends in Russian Business”
The book is dedicated to the general trends in Russian business.
The economic crisis has revealed three particularly vulnerable development in Russia in the last decade: a growing resource of expertise, aging equipment and the lag in scientific and technological progress, institutional obstacles to the growth of the market economy. The article discusses the components of economic growth. How quickly evolving new economy and whether overcome monocultural specialization of the country? How to make this growth sustainable and irreversible, everything been done to enhance scientific and technological potential of the Russian Federation, that these arguments comes from the myths that Russia - the best country in the world, and that reflects the actual trends that and that helps prevent the escalation of Russia from the industrial society to a post-industrial society.
This paper puts forth a comprehensive set of measures to address the current economic crisis, prevent its further aggravation and ensure sustained and ongoing development of the Russian economy. In this study we seek to adopt the viewpoint of common sense and keep free from political and ideological bias. This is why we believe the proposed solutions should be implemented by any reasonable government irrespective of its political coloration. This text presents our vision of the Russian economy and its problems.
By 1999, Russia's economy was growing at almost 7% per year, and by 2008 reached 11th place in the world GDP rankings. Russia is now the world's second largest producer and exporter of oil, the largest producer and exporter of natural gas, and as a result has the third largest stock of foreign exchange reserves in the world, behind only China and Japan. But while this impressive economic growth has raised the average standard of living and put a number of wealthy Russians on the Forbes billionaires list, it has failed to solve the country's deep economic and social problems inherited from the Soviet times. Russia continues to suffer from a distorted economic structure, with its low labor productivity, heavy reliance on natural resource extraction, low life expectancy, high income inequality, and weak institutions. While a voluminous amount of literature has studied various individual aspects of the Russian economy, in the West there has been no comprehensive and systematic analysis of the socialist legacies, the current state, and future prospects of the Russian economy gathered in one book. The Oxford Handbook of the Russian Economy fills this gap by offering a broad range of topics written by the best Western and Russian scholars of the Russian economy. While the book's focus is the current state of the Russian economy, the first part of the book also addresses the legacy of the Soviet command economy and offers an analysis of institutional aspects of Russia's economic development over the last decade. The second part covers the most important sectors of the economy. The third part examines the economic challenges created by the gigantic magnitude of regional, geographic, ethnic, religious and linguistic diversity of Russia. The fourth part covers various social issues, including health, education, and demographic challenges. It will also examine broad policy challenges, including the tax system, rule of law, as well as corruption and the underground economy. Michael Alexeev and Shlomo Weber provide for the first time in one volume a complete, well-rounded, and essential look at the complex, emerging Russian economy.
The article considers the processes of progress in production and service sectors and answers the question how and thanks to what service sector of Russian economy left the productive one behind (concerning contribution in GDP of our country). The rates of development of service sector turned out to be so high firstly - as a reason of peculiarities of new Russian economy, which historically was built on the market principles and was developing in conditions of investment resources deficit, secondly - as a reason of system differences between «physical» goods and services as an object of sale. Nowadays Russia faces an unusual symbiosis: effective service companies, operating in hard competitive sphere with average profitability and non-affective from the point of management industrial companies, which thanks to monopolistic pricing have great profitability, providing profits of Russian budget and determining a macroeconomic situation.
Econometric study of Russian macroeconomic production function with transport and information infrastructure is conducted
The article analyzes the issue of Russia»s accession to the WTO and the need to improve its national competitiveness. The key competitiveness factors of national economies and the country's rating by the global competitiveness index are determined. The writer believes that the country»s position by the indicator in question could be strengthened by the advanced development of education and improvement of the innovative capacity based on the coordinated actions by the government and private businesses.
This chapter is an output of a research project implemented as part of the Basic Research
Program at the National Research University Higher School of Economics (HSE).
2 . With the exception of medical facilities belonging to privatized enterprises.
3 . Fundholding of a primary care unit is a scheme of public health care funding that provides a virtual budget to a primary care unit (general practitioner, outpatient clinic, etc.) for purchasing selected clinical and diagnosis services, such as minor surgery, physiotherapy, and common endoscopic procedures (Langenbrunner et al. 2005). Th is scheme creates incentives for increasing effi ciency of primary care and for containing excessive supply of diagnostic and inpatient services. Fundholding is used in the United Kingdom and Estonia, as well as in some Russian regions (Kaliningrad, Samara, and Perm).
There are a number of stereotypes regarding the investment attractiveness of Russian enterprises. Local companies often do not see any development prospects in Russia and complain at the unsatisfactory local institutional environment. However, the activity of multinational corporations (MNCs) in Russia serves as a clear evidence of its potential attractiveness as one of the BRICS markets (the so called "21st century markets"). This article discusses the activities of MNCs aimed to increase market representation in Russia, as well as the reasons for such behavior.