Russian Federation Systematic Country Diagnostic : Pathways to Inclusive Growth
Russia is a country of global importance and great internal diversity, making it challenging to undertake acoherent country growth diagnostic. The world’s largest transcontinental country spans eleven time zones in northern Eurasia. Russia is the m...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Moscow
2017
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| Online Access: | http://documents.worldbank.org/curated/en/743721497531927295/Pathways-to-inclusive-growth http://hdl.handle.net/10986/27561 |
| Summary: | Russia is a country of global importance
and great internal diversity, making it challenging to
undertake acoherent country growth diagnostic. The world’s
largest transcontinental country spans eleven time zones in
northern Eurasia. Russia is the main trading partner for
many of its more than a dozen neighbors. It also is thehost
of 11 million migrants who generate significant remittances
for their home countries. As a growing upper middle-income
economy, it plays an increasing role as a donor to
low-income economies worldwide. Russia isthe ninth most
populous country in the world with an admirable track-record
in reducing poverty and boosting shared prosperity. Russia
is unevenly populated and economic activity is dispersed,
preventing the scale advantages of agglomeration.
Altogether, these characteristics render undertaking this
Systematic Country Diagnostic aboutRussia’s future
development course challenging. The analysis identifies
general causal chains related to Russia’sinterlinked
development challenges and opportunities, but is often based
on data only available at the national level. This
diagnostic identifies two pathways where progress is
critical for sustainable growth and an expansion of shared
prosperity. The first pathway identified areas where new
policies are necessary to achieve a recoveryin productivity,
focusing on infrastructure and connectivity, the regulatory
regime for businesses, constraints on innovation by firms,
and skills development for individuals. The second pathway
identified the main areas for policy reforms to further
reduce vulnerability by deepening human capital gains and
improving access to public services. The analysis identifies
channels through which the labor market can again become a
source of raising the incomes of the bottom 40 percent by
improving health and education services and strengthening
the poverty impact and sustainability of Russia’s social
protection system. To achieve these goals, progress
isessential in three requisites: fiscal sustainability,
governance, and management of natural resources. |
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