With the US reshoring manufacturing capacity and China seeking to move beyond labour-intensive production, the global industrial landscape is undergoing fundamental shifts. Facing stiffer global competition – but possessing a well-educated, highly skilled workforce and rich in energy resources – what approaches might Russian industrialists and policymakers learn and adopt from the US, China, and others to shore up competitiveness? What immediate steps should be taken to put Russia on a path towards reaching its industrial potential?
“It is impossible to develop industry without fixed assets or full-scale technological upgrades.”
“The first part of putting things in order is deciding on the focus of our monetary policy. This shouldn’t just be a bunch of targets…it should be a low inflation rate.”
“Machine building is one of the cornerstones of Russian industry and it will continue to be so in the future.”
In cooperation with PwC
In cooperation with Deloitte