Abstract
Most scholars agree that strong institutions and better governance are instrumental for success in the global economy. However some political regimes fail to improve governance but attract significant volume of foreign direct investments and demonstrate high rates of economic growth. We argue that when quality of national governance low, investments and economic growth are likely to be associated with significant regional differentiation. Low quality of national governance is a serious obstacle to competiveness but it could be compensated by locally unique comparative advantages. We illustrate the argument focusing on the Russian experience with highly unequal distribution of regional economic competiveness.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
