Abstract
The paper analyzes causes of low competitiveness of economy and deterioration of main socioeconomic indicators of Russia at the beginning of the 90s of the 20th century. The analysis of the most authoritative ratings in the area of global competitiveness is carried out: methods of World Economic Forum and International Institute for Management Development, and the corresponding place of Russia over the period from 2009 to 2014 is determined. Findings are compared to conclusions by the level of business activity (Doing Business rating) – a research carried out by World Bank and International Finance Corporation. Data of all three independent rating researches confirm considerable strengthening of Russian position over last 5 years. In the course of the research it was found that there is a direct correlation between the competitiveness growth of Russia and high prices for raw hydrocarbons. In the course of the research direct dependence between price for oil and the number of consumed imported products and services in the country, and the absence of direct correlation between prices for hydrocarbons and investments in fixed capital were revealed. Based on trend method the authors conclude an increase in Russian economy competitiveness in years to come in the absence of strong external constraints. Further the researchers suggest ways of stabilization and sustainable development. DOI: 10.5901/mjss.2015.v6n3s3p55
Highlights
IntroductionThe development of international economic relations under conditions of globalization is characterized by international integration and experience of synergetic effect from this process by each country; standardization and harmonization of legal and economic relations, technology and communications; regulation of food stuff and environment safety ensuring standards, etc
The development of international economic relations under conditions of globalization is characterized by international integration and experience of synergetic effect from this process by each country; standardization and harmonization of legal and economic relations, technology and communications; regulation of food stuff and environment safety ensuring standards, etc.In our opinion, Russian government made a number of mistakes in formation international relations and internal policy at the beginning of the 90s of the 20th century
Is there and to what extent correlation between growth in competitiveness of Russia we revealed in the previous part and high prices for oil? What influence fall in oil prices from 110 to 60 doll./barrel will have on competitiveness of Russia and what impact economic sanctions imposed by the USA and its allies will have on competitiveness of Russia in general
Summary
The development of international economic relations under conditions of globalization is characterized by international integration and experience of synergetic effect from this process by each country; standardization and harmonization of legal and economic relations, technology and communications; regulation of food stuff and environment safety ensuring standards, etc. Russian government made a number of mistakes in formation international relations and internal policy at the beginning of the 90s of the 20th century. External and internal policy were focused not on improvement of the quality of the Russians’ life in the future, competitive growth of goods, services, enterprises and the country in general, growth in exports of science-intensive products, but on accelerated break with all values (culture, moral, intellectual and production potential, etc.), accelerated liberalization of all spheres of activity from the USA experience, on accelerated privatization to IMF recipes, etc
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