Public procurement makes up between 13% and 20% of GDP for economies worldwide, thereby having a significant impact on the allocation of public funds and on economic growth. Ensuring efficient and effective government purchasing is a key part of the reform agenda for many countries, including Russia, which recently introduced an electronic trading platform for public procurement. How has Russian and international business taken to this innovation and what further improvements should be made? How successful have other major economies been in truly opening up their public sector procurement to both domestic and international players?
“[Encouraging] a high level of competition is the best method of fighting corruption.”