Summary

The theme of this year’s St. Petersburg International Economic Forum was ‘Building a Trust Economy’

Trust is the foundation of sustainable development, and this idea was the main focus of SPIEF 2018. Discussions at the Forum covered all aspects of this topic: building trust between countries and people, and between society, business, and government. Russia intends to build its own future on the basis of these principles: an open economy, transparency of state regulation, and fair social policy should underpin an improvement in people’s prosperity and an increase in national competitiveness. One of the most important tools of such a policy should be the digitalization of all aspects of business, state administration, and social interaction.