By Raj M. Desai, Itzhak Goldberg
In recent times, the Russian govt, all for maintaining its financial functionality, has sought to advertise extra assorted and broader financial development past the ecocnomic natural-resource region. monetary officers want to see anything towards a "knowledge-based economy". one of many components in transparent want of upgrading is the producing zone. This e-book quantifies and benchmarks the relative strengths of that region, making a choice on possibilities to extend Russian productiveness and competitiveness.Drawing on unique survey information from Russian companies of all sizes, the authors formulate proposals that target to: increase the leading edge power of Russian organisations; improve the talents in their team; and improve a business-friendly weather of decrease administrative expenditures and bigger coverage sure bet. This ebook examines the underlying firm-level determinants of information absorption, competitiveness, and productiveness, with a watch to enhancing employees' ability degrees and enhancing the funding weather, which should still in flip improve the innovation had to sustain in a globalized economic system. the unique examine and research of Desai, Goldberg, and their colleagues can be of use to an individual drawn to the issues of establishing production competitiveness, specially in Russia and the post-Soviet transition economies. it's going to even be of curiosity to organisations planning on doing company with Russia or to speculate in it.
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Extra resources for Can Russia Compete
Growth of internal demand became the major driver of the Russian economy, fed by energy and metal exports. The fastestgrowing sectors became retail trade, construction, real estate, and market services. Manufacturing also gained from the expansion in demand, though the effect was not as great or as prolonged as for non-tradables. That internally oriented growth indicates the limited competitiveness of Russian manufacturing in world markets, despite annual growth of manufacturing productivity of 10 percent since 1998.
Moreover, imports in parts and components are larger than exports, suggesting that Russian firms are not yet competitive enough in this area. As mentioned, it is not only the amount of trade that helps a country to become better integrated in global production networks; trading partners also matter. Although the total flow of imports to and, more important, of exports from Russia is to a large extent directed from and to high-income OECD countries, trade in parts and components tells a very different story.
Russia is a clear outlier: other countries have either high productivity and a highly educated population or low productivity and a less educated population (figure 2-5). Russia (and to a lesser extent Poland, which is emerging from a similar economic system) combines high levels of skills and education with low levels of productivity. The lack of a correlation between education and productivity in Russia is due to several factors. First, formal education indicators do not necessarily reflect employees’ actual qualifications for their job or their skills.