Russia has joined the club of rapidlygrowing economies, driven by rising prices for oil and gas.Russian authorities are concerned about sustaining thiseconomic performance, however. Thus they have sought todiversify and broaden the basis for growth beyond theprofitable natural resource sector and to build an economythat will be able to compete in the twenty-first century.This book presents the case that Russia’s neglectedmanufacturing sector is in need of human capital andpolicyreforms that will unleash its innovative potential. CanRussia Compete? quantifies and benchmarks the relativestrengths and weaknesses of that sector, identifyingopportunities to increase Russian productivity andcompetitiveness. Drawing on original survey data fromRussian firms of all sizes, the authors formulate proposalsthat aim to enhance the innovative potential of Russianfirms,upgrade the skills of their workforces, and develop abusiness-friendly climate with lower administrative costsand greater policy certainty. The original research andanalysis of Raj Desai, Itzhak Goldberg, and their colleagueswill be of use to anyone interested in the problems ofbuilding manufacturing competitiveness in a globallyintegrated economy. It will also be of interest toorganizations planning to do business or invest in Russia.
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