NEW COMPETITIVENESS: ALTERNATIVES AND PROSPECTS
The era of exponential growth in many emerging economies increasingly looks to be receding into history, setting off a debate on the potential merits of new approaches to economic policy. In the case of Russia, the country can continue to seek the optimum balance and speed of integration into the international economic space; secondly it needs to set its priorities and strike the right balance between traditional and more knowledge-intensive industries over the medium term, and finally, it will need to manage the classical debate on the government’s role in the economy. What is the correct path for Russia to deliver the next generation in growth? What problems must be overcome as the government takes strong action to resolve macroeconomic problems, yet introduces necessary liberalization measures which are important for long-term economic stability? What steps should be taken to attract investment to modernize the economy while increasing competitiveness?
