Book chapter
Основные экономические индикаторы регионального развития по видам и сферам хозяйственной деятельности
In book
The article analyzes the competitiveness of the Russian economy in comparison with the leading economies of the world in the context of Russia's WTO accession on aspects such as the level of interest rates and the availability of financial resources, the dynamics of energy prices, condition of fixed assets and investment activity, investment climate. We outline the basic negative tendencies, hindering the development of the economy and reducing its attractiveness to investors. Based on these results it can be argued that WTO accession will not lead to significant improvement of the investment climate and economic efficiency, and without the implementation of measures to address the problems considered, it can be a catalyst for the negative trends in Russian economy.
The increase of interaction and cooperation between countries nowadays rouses up a question of improving national competitiveness in a global world. The expansion of market boarders, high mobility of resources and their integration lead to rapid development, implementation of new technologies occurring everywhere, but these also result in severe competition. Countries that were not ready for opening their markets to foreign investors, that did not have any competitive industry or the industry protected by the government or effective institutions suffered from the globalization most of all. Developed countries managed to take advantage of opening the markets of the developing world using their resources at low cost. Indexes of globalization and global competitiveness illustrate how integration to the world market affected the main components of national competitiveness and what features of the countries lead to more or less favourable results in a globalised world. The example of India proves that globalization intensifies changes in the economies of developing countries but not all o these changes result in the increase of national competitiveness.