The challenges of the Medvedev era

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dc.contributor Bank of Finland
dc.contributor Suomen Pankki Korhonen, Iikka Lainela, Seija Simola, Heli Solanko, Laura Sutela, Pekka 2014-10-17T06:49:26Z 2014-10-17T06:49:26Z 2008
dc.identifier.issn 1456-811X
dc.description.abstract Russia now ranks among the world's ten largest economies and continues to experience rapid growth. Industrial investment and real incomes are soaring. Federal finances are in excellent shape, giving the government a welcome opportunity to invest in long-term development of human capital, improvement of living conditions and bolstering of the country's infrastructure. Fixing Russia, however, is not without its challenges. For long-neglected sectors such as health care and education, financial infusions alone will be insufficient to bring change - structural reforms are needed. Double-digit inflation has also returned after slowing throughout most of the 2000s. The rise in prices has been driven by a global increase in food prices, along with a number of domestic factors. Finland has benefited from Russia's economic growth, and exports to Russia have risen rapidly even with the loss of market share to competitors. Energy's significance for the Russian economy remains large and the country has huge opportunities to improve its efficiency of energy use and production through e.g. price deregulation. While the direction is clear, the road ahead for Russia will not be easy. Russia seeks to become a leading global innovator over the medium term - a perhaps overambitious goal given the starting point. Key words: Russia, economy, social issues, foreign trade, energy
dc.format.extent 40 s.
dc.language.iso eng
dc.relation.ispartofseries Bank of Finland. Institute for Economies in Transition. BOFIT Online
dc.subject talouspolitiikka
dc.subject Venäjä
dc.subject politiikka
dc.subject inflaatio
dc.subject Suomi
dc.subject ulkomaankauppa
dc.subject sääntely
dc.subject hinnat
dc.subject energia
dc.subject yhteiskunta
dc.subject SP
dc.subject RP
dc.subject RP ST
dc.subject Bofit-kokoelma
dc.title The challenges of the Medvedev era
dc.type Sarjajulkaisu
dc.identifier.urn URN:NBN:fi:bof-2014080822 BOFIT Online
dc.series.year 2008
dc.series.number 6
dc.series.sortingnumber 0006 24.6.2008
dc.contributor.orgunit Institute for Economies in Transition (BOFIT)
dc.contributor.orgunit Siirtymätalouksien tutkimuslaitos (BOFIT)

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