Publication:
Can Russia Complete?

dc.contributor.authorDesai, Raj M.
dc.contributor.authorGoldberg, Itzhak
dc.contributor.editorDesai, Raj M.
dc.contributor.editorGoldberg, Itzhak
dc.date.accessioned2013-09-25T19:00:01Z
dc.date.available2013-09-25T19:00:01Z
dc.date.issued2008
dc.description.abstractRussian economy has been growing at an average nominal rate of 6 percent annually for the past decade. Among the most important factors contributing to its expansion has been the skyrocketing cost of oil and gas. In 2000, when Vladimir Putin took office, the cost of oil was approximately $20 a barrel; at the end of his term, it was five times higher. Meanwhile, the competitiveness of Russian enterprises has become increasingly fragile because of the appreciating ruble, climbing resource prices, and rising wages as well as the exhaustion of Russia's excess industrial capacity. Observers have called for Russian authorities to take measures to counterbalance the nation's increasing economic dependence on natural resources. Economic diversification can cover a wide number of issues and involve many challenges, including entrepreneurship, foreign investment, regional development, and physical infrastructure. In Russia's case, it comes down to one thing: ensuring that the manufacturing sector can compete in the global economy. Russian competitiveness will not depend on centralized, top-down efforts to pick winners but on broader policy measures designed both to improve the investment climate-which affects firms' incentives to invest productively and create jobs-and to develop a more competitive, knowledge-based economy. Russian authorities are seeking to address many of the country's most important developmental challenges. Economic diversification will require reducing investment risks induced by national and regional policies and lowering barriers to entry for newer, more dynamic, and innovative firms, specifically by facilitating transfer of land from municipalities and from older, loss-making firms. It also will require greater inclusiveness in government decision making, more transparency regarding government decision making, and stable legislation at all levels of government. This book quantifies and benchmarks the relative strengths of Russian manufacturing and identifies opportunities to increase its productivity and competitiveness. This volume focuses on the challenges now facing enterprises in Russia, highlighting sources of productivity growth and competitiveness within enterprises, including technological progress (knowledge absorption and innovation), worker skills, and the investment climate. After the 1998 crisis, as gross domestic product rebounded, investment accelerated, and foreign direct investment increased dramatically, Russia's recovery surpassed expectations. Yet, a closer look at national accounts reveals that much of that shift has produced relative price increases in (non-tradable) services and full capacity utilization in industry-indicators more characteristic of a resource dependent economy than of successful industrial diversification.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/01/17997500/can-russia-complete
dc.identifier.doi10.1596/978-0-8157-1831-4
dc.identifier.isbn978-0-8157-1831-4
dc.identifier.urihttps://hdl.handle.net/10986/15816
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: Brookings Institution Press
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCESS TO INFORMATION
dc.subjectACCOUNTING
dc.subjectADMINISTRATIVE COSTS
dc.subjectADMINISTRATIVE PROCEDURES
dc.subjectAGRICULTURE
dc.subjectAUCTIONS
dc.subjectAVERAGE PRODUCTIVITY
dc.subjectBANKING SYSTEM
dc.subjectBARRIERS TO ENTRY
dc.subjectBASE YEAR
dc.subjectBENCHMARK
dc.subjectBENCHMARKING
dc.subjectBENCHMARKS
dc.subjectBUSINESS ACTIVITY
dc.subjectBUSINESS ASSOCIATIONS
dc.subjectBUSINESS CLIMATE
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESSES
dc.subjectCAPABILITIES
dc.subjectCAPABILITY
dc.subjectCAPITAL ASSETS
dc.subjectCAPITAL GOODS
dc.subjectCENTRALLY PLANNED ECONOMY
dc.subjectCLOSED ECONOMIES
dc.subjectCOLLECTIVE ACTION
dc.subjectCOMMODITY
dc.subjectCOMMUNICATION TECHNOLOGIES
dc.subjectCOMPETITIVE ADVANTAGE
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER DEMAND
dc.subjectCOPYRIGHT
dc.subjectCROWDING OUT
dc.subjectCURRENCY UNITS
dc.subjectDEVALUATION
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPMENT BANKING
dc.subjectDEVELOPMENT BANKS
dc.subjectDEVELOPMENT INSTITUTIONS
dc.subjectDRIVERS
dc.subjectE-MAIL
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC CONSEQUENCES
dc.subjectECONOMIC DEPRESSION
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC LIFE
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICIES
dc.subjectECONOMIC REFORM
dc.subjectECONOMIC STRUCTURE
dc.subjectECONOMIC WELFARE
dc.subjectECONOMICS
dc.subjectELECTRICITY
dc.subjectEMERGING MARKETS
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEMPLOYMENT
dc.subjectEMPLOYMENT GROWTH
dc.subjectENTERPRISE SURVEY
dc.subjectENTERPRISE SURVEYS
dc.subjectENTREPRENEURSHIP
dc.subjectENVIRONMENTAL
dc.subjectEQUIPMENT
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURES
dc.subjectEXPORTS
dc.subjectEXTERNAL MARKETS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SECTOR
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN INVESTMENT
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL MARKETPLACE
dc.subjectGLOBAL MARKETS
dc.subjectGLOBALIZATION
dc.subjectGOVERNMENT DECREES
dc.subjectGRANT PROGRAMS
dc.subjectGRAPHICS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS SALES
dc.subjectGROWTH POTENTIAL
dc.subjectHUMAN CAPITAL
dc.subjectIMPACT ASSESSMENTS
dc.subjectINCOME
dc.subjectINDUSTRIAL PRODUCTION
dc.subjectINDUSTRIAL TECHNOLOGY
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINNOVATION
dc.subjectINSPECTIONS
dc.subjectINSTITUTION
dc.subjectINTELLECTUAL PROPERTY
dc.subjectINTELLECTUAL PROPERTY RIGHTS
dc.subjectINTERNATIONAL COMPARISONS
dc.subjectINTERNATIONAL COMPETITION
dc.subjectINTERNATIONAL COMPETITIVENESS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINTERNATIONAL TRADE
dc.subjectJOB CREATION
dc.subjectLABOR COSTS
dc.subjectLABOR FORCE
dc.subjectLABOR MOBILITY
dc.subjectLABOR PRODUCTIVITY
dc.subjectLABOR RELATIONS
dc.subjectLABOR RESOURCES
dc.subjectLABOR SUPPLY
dc.subjectLAWS
dc.subjectLEGAL SYSTEM
dc.subjectLEGISLATION
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC STABILITY
dc.subjectMANPOWER
dc.subjectMANUFACTURING
dc.subjectMARKET ECONOMIES
dc.subjectMARKET ECONOMY
dc.subjectMARKET OPPORTUNITIES
dc.subjectMARKET PRICES
dc.subjectMARKET SHARE
dc.subjectMARKET SHARES
dc.subjectMATCHING GRANTS
dc.subjectMATERIAL
dc.subjectMEDIUM ENTERPRISE
dc.subjectMEDIUM ENTERPRISES
dc.subjectMETALS
dc.subjectMUNICIPALITIES
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCES
dc.subjectNEW ENTRANTS
dc.subjectNEW TECHNOLOGIES
dc.subjectNEW TECHNOLOGY
dc.subjectOIL
dc.subjectOPEN ECONOMY
dc.subjectORGANIZATIONAL INNOVATION
dc.subjectOUTPUTS
dc.subjectOUTSOURCING
dc.subjectPATENTS
dc.subjectPHYSICAL INFRASTRUCTURE
dc.subjectPIRACY
dc.subjectPOLICY ENVIRONMENT
dc.subjectPRICE INCREASES
dc.subjectPRIVATE PARTNERSHIPS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRIVATIZATION
dc.subjectPROCUREMENT
dc.subjectPRODUCERS
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTION PROCESS
dc.subjectPRODUCTION PROCESSES
dc.subjectPRODUCTIVITIES
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROPERTY RIGHTS
dc.subjectPROTECTION OF INTELLECTUAL PROPERTY
dc.subjectPUBLIC SERVICES
dc.subjectPURCHASING POWER
dc.subjectR&D
dc.subjectR&D SERVICES
dc.subjectREAL GDP
dc.subjectREAL WAGES
dc.subjectREGISTRATION CODE
dc.subjectREGRESSION ANALYSES
dc.subjectREGRESSION ANALYSIS
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectRETAIL TRADE
dc.subjectRISK SHARING
dc.subjectSCIENTIFIC KNOWLEDGE
dc.subjectSCIENTIFIC RESEARCH
dc.subjectSITES
dc.subjectSKILLED LABOR
dc.subjectSTANDARD FRAMEWORK
dc.subjectSTANDARDIZATION
dc.subjectSTATE INTERVENTION
dc.subjectSTATE PROPERTY
dc.subjectSUPERVISION
dc.subjectSUPPLY CHAIN
dc.subjectTARGETS
dc.subjectTAX ADMINISTRATION
dc.subjectTAX RATES
dc.subjectTECHNOLOGICAL ADVANCES
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectTECHNOLOGICAL DEVELOPMENT
dc.subjectTECHNOLOGICAL PROGRESS
dc.subjectTECHNOLOGY PARKS
dc.subjectTECHNOLOGY TRANSFER
dc.subjectTELECOMMUNICATIONS
dc.subjectTELEPHONE
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL OUTPUT
dc.subjectTRADE BALANCE
dc.subjectTRADE FLOWS
dc.subjectTRADE POLICY
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSPORT
dc.subjectUSES
dc.subjectVALUE ADDED
dc.subjectWAGES
dc.subjectWEALTH
dc.subjectWORK FORCE
dc.subjectWTO
dc.titleCan Russia Complete?en
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.disclosure2013-07-12
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2008/01/17997500/can-russia-complete
okr.externalcontentExternal Content
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeTransport and ICT
okr.globalpracticeTrade and Competitiveness
okr.guid783171468303879575
okr.identifier.doi10.1596/978-0-8157-1831-4
okr.identifier.externaldocumentum000356161_20130712143202
okr.identifier.internaldocumentum17997500
okr.identifier.report79450
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/07/12/000356161_20130712143202/Rendered/PDF/794500PUB0Can00Box0377373B00PUBLIC0.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryRussian Federation
okr.topicPrivate Sector Development::E-Business
okr.topicSocial Protections and Labor::Labor Policies
okr.topicBanks and Banking Reform
okr.topicEconomic Theory and Research
okr.topicEnvironmental Economics and Policies
okr.topicFinance and Financial Sector Development
okr.topicMacroeconomics and Economic Growth
okr.topicEnvironment
okr.unitIEG Public Sector (IEGPS)
relation.isAuthorOfPublication7d13264e-5b0a-57fc-8bc2-40dcec43acaf
relation.isAuthorOfPublication.latestForDiscovery7d13264e-5b0a-57fc-8bc2-40dcec43acaf
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