Can Russia Complete?
Russian 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 o...
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| Format: | Publication |
| Language: | English en_US |
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Washington, DC: Brookings Institution Press
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2008/01/17997500/can-russia-complete http://hdl.handle.net/10986/15816 |
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okr-10986-15816 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English en_US |
| topic |
ACCESS TO INFORMATION ACCOUNTING ADMINISTRATIVE COSTS ADMINISTRATIVE PROCEDURES AGRICULTURE AUCTIONS AVERAGE PRODUCTIVITY BANKING SYSTEM BARRIERS TO ENTRY BASE YEAR BENCHMARK BENCHMARKING BENCHMARKS BUSINESS ACTIVITY BUSINESS ASSOCIATIONS BUSINESS CLIMATE BUSINESS ENVIRONMENT BUSINESSES CAPABILITIES CAPABILITY CAPITAL ASSETS CAPITAL GOODS CENTRALLY PLANNED ECONOMY CLOSED ECONOMIES COLLECTIVE ACTION COMMODITY COMMUNICATION TECHNOLOGIES COMPETITIVE ADVANTAGE COMPETITIVENESS CONSUMER DEMAND COPYRIGHT CROWDING OUT CURRENCY UNITS DEVALUATION DEVELOPED COUNTRIES DEVELOPMENT BANKING DEVELOPMENT BANKS DEVELOPMENT INSTITUTIONS DRIVERS ECONOMIC CONDITIONS ECONOMIC CONSEQUENCES ECONOMIC DEPRESSION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC LIFE ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC REFORM ECONOMIC STRUCTURE ECONOMIC WELFARE ECONOMICS ELECTRICITY EMERGING MARKETS EMPIRICAL EVIDENCE EMPLOYMENT EMPLOYMENT GROWTH ENTERPRISE SURVEY ENTERPRISE SURVEYS ENTREPRENEURSHIP ENVIRONMENTAL EQUIPMENT EXCHANGE RATES EXPENDITURES EXPORTS EXTERNAL MARKETS FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SECTOR FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT GDP GDP PER CAPITA GLOBAL ECONOMY GLOBAL MARKETPLACE GLOBAL MARKETS GLOBALIZATION GOVERNMENT DECREES GRANT PROGRAMS GRAPHICS GROSS DOMESTIC PRODUCT GROSS SALES GROWTH POTENTIAL HUMAN CAPITAL IMPACT ASSESSMENTS INCOME INDUSTRIAL PRODUCTION INDUSTRIAL TECHNOLOGY INFLATION INFLATION RATE INNOVATION INSPECTIONS INSTITUTION INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTERNATIONAL COMPARISONS INTERNATIONAL COMPETITION INTERNATIONAL COMPETITIVENESS INTERNATIONAL STANDARDS INTERNATIONAL TRADE JOB CREATION LABOR COSTS LABOR FORCE LABOR MOBILITY LABOR PRODUCTIVITY LABOR RELATIONS LABOR RESOURCES LABOR SUPPLY LAWS LEGAL SYSTEM LEGISLATION MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY MANPOWER MANUFACTURING MARKET ECONOMIES MARKET ECONOMY MARKET OPPORTUNITIES MARKET PRICES MARKET SHARE MARKET SHARES MATCHING GRANTS MATERIAL MEDIUM ENTERPRISE MEDIUM ENTERPRISES METALS MUNICIPALITIES NATURAL RESOURCE NATURAL RESOURCES NEW ENTRANTS NEW TECHNOLOGIES NEW TECHNOLOGY OIL OPEN ECONOMY ORGANIZATIONAL INNOVATION OUTPUTS OUTSOURCING PATENTS PHYSICAL INFRASTRUCTURE PIRACY POLICY ENVIRONMENT PRICE INCREASES PRIVATE PARTNERSHIPS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PROCUREMENT PRODUCERS PRODUCTION FUNCTION PRODUCTION PROCESS PRODUCTION PROCESSES PRODUCTIVITIES PRODUCTIVITY GROWTH PROPERTY RIGHTS PROTECTION OF INTELLECTUAL PROPERTY PUBLIC SERVICES PURCHASING POWER R&D R&D SERVICES REAL GDP REAL WAGES REGISTRATION CODE REGRESSION ANALYSES REGRESSION ANALYSIS RESULT RESULTS RETAIL TRADE RISK SHARING SCIENTIFIC KNOWLEDGE SCIENTIFIC RESEARCH SITES SKILLED LABOR STANDARD FRAMEWORK STANDARDIZATION STATE INTERVENTION STATE PROPERTY SUPERVISION SUPPLY CHAIN TARGETS TAX ADMINISTRATION TAX RATES TECHNOLOGICAL ADVANCES TECHNOLOGICAL CHANGE TECHNOLOGICAL DEVELOPMENT TECHNOLOGICAL PROGRESS TECHNOLOGY PARKS TECHNOLOGY TRANSFER TELECOMMUNICATIONS TELEPHONE TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TRADE BALANCE TRADE FLOWS TRADE POLICY TRANSITION ECONOMIES TRANSPORT USES VALUE ADDED WAGES WEALTH WORK FORCE WTO |
| spellingShingle |
ACCESS TO INFORMATION ACCOUNTING ADMINISTRATIVE COSTS ADMINISTRATIVE PROCEDURES AGRICULTURE AUCTIONS AVERAGE PRODUCTIVITY BANKING SYSTEM BARRIERS TO ENTRY BASE YEAR BENCHMARK BENCHMARKING BENCHMARKS BUSINESS ACTIVITY BUSINESS ASSOCIATIONS BUSINESS CLIMATE BUSINESS ENVIRONMENT BUSINESSES CAPABILITIES CAPABILITY CAPITAL ASSETS CAPITAL GOODS CENTRALLY PLANNED ECONOMY CLOSED ECONOMIES COLLECTIVE ACTION COMMODITY COMMUNICATION TECHNOLOGIES COMPETITIVE ADVANTAGE COMPETITIVENESS CONSUMER DEMAND COPYRIGHT CROWDING OUT CURRENCY UNITS DEVALUATION DEVELOPED COUNTRIES DEVELOPMENT BANKING DEVELOPMENT BANKS DEVELOPMENT INSTITUTIONS DRIVERS ECONOMIC CONDITIONS ECONOMIC CONSEQUENCES ECONOMIC DEPRESSION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC LIFE ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC REFORM ECONOMIC STRUCTURE ECONOMIC WELFARE ECONOMICS ELECTRICITY EMERGING MARKETS EMPIRICAL EVIDENCE EMPLOYMENT EMPLOYMENT GROWTH ENTERPRISE SURVEY ENTERPRISE SURVEYS ENTREPRENEURSHIP ENVIRONMENTAL EQUIPMENT EXCHANGE RATES EXPENDITURES EXPORTS EXTERNAL MARKETS FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SECTOR FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT GDP GDP PER CAPITA GLOBAL ECONOMY GLOBAL MARKETPLACE GLOBAL MARKETS GLOBALIZATION GOVERNMENT DECREES GRANT PROGRAMS GRAPHICS GROSS DOMESTIC PRODUCT GROSS SALES GROWTH POTENTIAL HUMAN CAPITAL IMPACT ASSESSMENTS INCOME INDUSTRIAL PRODUCTION INDUSTRIAL TECHNOLOGY INFLATION INFLATION RATE INNOVATION INSPECTIONS INSTITUTION INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTERNATIONAL COMPARISONS INTERNATIONAL COMPETITION INTERNATIONAL COMPETITIVENESS INTERNATIONAL STANDARDS INTERNATIONAL TRADE JOB CREATION LABOR COSTS LABOR FORCE LABOR MOBILITY LABOR PRODUCTIVITY LABOR RELATIONS LABOR RESOURCES LABOR SUPPLY LAWS LEGAL SYSTEM LEGISLATION MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY MANPOWER MANUFACTURING MARKET ECONOMIES MARKET ECONOMY MARKET OPPORTUNITIES MARKET PRICES MARKET SHARE MARKET SHARES MATCHING GRANTS MATERIAL MEDIUM ENTERPRISE MEDIUM ENTERPRISES METALS MUNICIPALITIES NATURAL RESOURCE NATURAL RESOURCES NEW ENTRANTS NEW TECHNOLOGIES NEW TECHNOLOGY OIL OPEN ECONOMY ORGANIZATIONAL INNOVATION OUTPUTS OUTSOURCING PATENTS PHYSICAL INFRASTRUCTURE PIRACY POLICY ENVIRONMENT PRICE INCREASES PRIVATE PARTNERSHIPS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PROCUREMENT PRODUCERS PRODUCTION FUNCTION PRODUCTION PROCESS PRODUCTION PROCESSES PRODUCTIVITIES PRODUCTIVITY GROWTH PROPERTY RIGHTS PROTECTION OF INTELLECTUAL PROPERTY PUBLIC SERVICES PURCHASING POWER R&D R&D SERVICES REAL GDP REAL WAGES REGISTRATION CODE REGRESSION ANALYSES REGRESSION ANALYSIS RESULT RESULTS RETAIL TRADE RISK SHARING SCIENTIFIC KNOWLEDGE SCIENTIFIC RESEARCH SITES SKILLED LABOR STANDARD FRAMEWORK STANDARDIZATION STATE INTERVENTION STATE PROPERTY SUPERVISION SUPPLY CHAIN TARGETS TAX ADMINISTRATION TAX RATES TECHNOLOGICAL ADVANCES TECHNOLOGICAL CHANGE TECHNOLOGICAL DEVELOPMENT TECHNOLOGICAL PROGRESS TECHNOLOGY PARKS TECHNOLOGY TRANSFER TELECOMMUNICATIONS TELEPHONE TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TRADE BALANCE TRADE FLOWS TRADE POLICY TRANSITION ECONOMIES TRANSPORT USES VALUE ADDED WAGES WEALTH WORK FORCE WTO Desai, Raj M. Goldberg, Itzhak Can Russia Complete? |
| geographic_facet |
Europe and Central Asia Russian Federation |
| description |
Russian 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. |
| author2 |
Desai, Raj M. |
| author_facet |
Desai, Raj M. Desai, Raj M. Goldberg, Itzhak |
| format |
Publications & Research :: Publication |
| author |
Desai, Raj M. Goldberg, Itzhak |
| author_sort |
Desai, Raj M. |
| title |
Can Russia Complete? |
| title_short |
Can Russia Complete? |
| title_full |
Can Russia Complete? |
| title_fullStr |
Can Russia Complete? |
| title_full_unstemmed |
Can Russia Complete? |
| title_sort |
can russia complete? |
| publisher |
Washington, DC: Brookings Institution Press |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2008/01/17997500/can-russia-complete http://hdl.handle.net/10986/15816 |
| _version_ |
1764431245547143168 |
| spelling |
okr-10986-158162021-04-23T14:03:22Z Can Russia Complete? Desai, Raj M. Goldberg, Itzhak Desai, Raj M. Goldberg, Itzhak ACCESS TO INFORMATION ACCOUNTING ADMINISTRATIVE COSTS ADMINISTRATIVE PROCEDURES AGRICULTURE AUCTIONS AVERAGE PRODUCTIVITY BANKING SYSTEM BARRIERS TO ENTRY BASE YEAR BENCHMARK BENCHMARKING BENCHMARKS BUSINESS ACTIVITY BUSINESS ASSOCIATIONS BUSINESS CLIMATE BUSINESS ENVIRONMENT BUSINESSES CAPABILITIES CAPABILITY CAPITAL ASSETS CAPITAL GOODS CENTRALLY PLANNED ECONOMY CLOSED ECONOMIES COLLECTIVE ACTION COMMODITY COMMUNICATION TECHNOLOGIES COMPETITIVE ADVANTAGE COMPETITIVENESS CONSUMER DEMAND COPYRIGHT CROWDING OUT CURRENCY UNITS DEVALUATION DEVELOPED COUNTRIES DEVELOPMENT BANKING DEVELOPMENT BANKS DEVELOPMENT INSTITUTIONS DRIVERS E-MAIL ECONOMIC CONDITIONS ECONOMIC CONSEQUENCES ECONOMIC DEPRESSION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC LIFE ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC REFORM ECONOMIC STRUCTURE ECONOMIC WELFARE ECONOMICS ELECTRICITY EMERGING MARKETS EMPIRICAL EVIDENCE EMPLOYMENT EMPLOYMENT GROWTH ENTERPRISE SURVEY ENTERPRISE SURVEYS ENTREPRENEURSHIP ENVIRONMENTAL EQUIPMENT EXCHANGE RATES EXPENDITURES EXPORTS EXTERNAL MARKETS FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SECTOR FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT GDP GDP PER CAPITA GLOBAL ECONOMY GLOBAL MARKETPLACE GLOBAL MARKETS GLOBALIZATION GOVERNMENT DECREES GRANT PROGRAMS GRAPHICS GROSS DOMESTIC PRODUCT GROSS SALES GROWTH POTENTIAL HUMAN CAPITAL IMPACT ASSESSMENTS INCOME INDUSTRIAL PRODUCTION INDUSTRIAL TECHNOLOGY INFLATION INFLATION RATE INNOVATION INSPECTIONS INSTITUTION INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTERNATIONAL COMPARISONS INTERNATIONAL COMPETITION INTERNATIONAL COMPETITIVENESS INTERNATIONAL STANDARDS INTERNATIONAL TRADE JOB CREATION LABOR COSTS LABOR FORCE LABOR MOBILITY LABOR PRODUCTIVITY LABOR RELATIONS LABOR RESOURCES LABOR SUPPLY LAWS LEGAL SYSTEM LEGISLATION MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY MANPOWER MANUFACTURING MARKET ECONOMIES MARKET ECONOMY MARKET OPPORTUNITIES MARKET PRICES MARKET SHARE MARKET SHARES MATCHING GRANTS MATERIAL MEDIUM ENTERPRISE MEDIUM ENTERPRISES METALS MUNICIPALITIES NATURAL RESOURCE NATURAL RESOURCES NEW ENTRANTS NEW TECHNOLOGIES NEW TECHNOLOGY OIL OPEN ECONOMY ORGANIZATIONAL INNOVATION OUTPUTS OUTSOURCING PATENTS PHYSICAL INFRASTRUCTURE PIRACY POLICY ENVIRONMENT PRICE INCREASES PRIVATE PARTNERSHIPS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PROCUREMENT PRODUCERS PRODUCTION FUNCTION PRODUCTION PROCESS PRODUCTION PROCESSES PRODUCTIVITIES PRODUCTIVITY GROWTH PROPERTY RIGHTS PROTECTION OF INTELLECTUAL PROPERTY PUBLIC SERVICES PURCHASING POWER R&D R&D SERVICES REAL GDP REAL WAGES REGISTRATION CODE REGRESSION ANALYSES REGRESSION ANALYSIS RESULT RESULTS RETAIL TRADE RISK SHARING SCIENTIFIC KNOWLEDGE SCIENTIFIC RESEARCH SITES SKILLED LABOR STANDARD FRAMEWORK STANDARDIZATION STATE INTERVENTION STATE PROPERTY SUPERVISION SUPPLY CHAIN TARGETS TAX ADMINISTRATION TAX RATES TECHNOLOGICAL ADVANCES TECHNOLOGICAL CHANGE TECHNOLOGICAL DEVELOPMENT TECHNOLOGICAL PROGRESS TECHNOLOGY PARKS TECHNOLOGY TRANSFER TELECOMMUNICATIONS TELEPHONE TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TRADE BALANCE TRADE FLOWS TRADE POLICY TRANSITION ECONOMIES TRANSPORT USES VALUE ADDED WAGES WEALTH WORK FORCE WTO Russian 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. 2013-09-25T19:00:01Z 2013-09-25T19:00:01Z 2008 http://documents.worldbank.org/curated/en/2008/01/17997500/can-russia-complete 978-0-8157-1831-4 http://hdl.handle.net/10986/15816 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: Brookings Institution Press Publications & Research :: Publication Publications & Research Europe and Central Asia Russian Federation |