Russian Federation Systematic Country Diagnostic : Pathways to Inclusive Growth

World Bank

World Bank, Moscow

关键词: COMMODITY BOOM;    MACROECONOMIC POLICY;    SHARED PROSPERITY;    PRODUCTIVITY;    LABOR MARKET;   

RP-ID  :  116277

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Russia is a country of global importanceand great internal diversity, making it challenging toundertake acoherent country growth diagnostic. The world’slargest transcontinental country spans eleven time zones innorthern Eurasia. Russia is the main trading partner formany of its more than a dozen neighbors. It also is thehostof 11 million migrants who generate significant remittancesfor their home countries. As a growing upper middle-incomeeconomy, it plays an increasing role as a donor tolow-income economies worldwide. Russia isthe ninth mostpopulous country in the world with an admirable track-recordin reducing poverty and boosting shared prosperity. Russiais unevenly populated and economic activity is dispersed,preventing the scale advantages of agglomeration.Altogether, these characteristics render undertaking thisSystematic Country Diagnostic aboutRussia’s futuredevelopment course challenging. The analysis identifiesgeneral causal chains related to Russia’sinterlinkeddevelopment challenges and opportunities, but is often basedon data only available at the national level. Thisdiagnostic identifies two pathways where progress iscritical for sustainable growth and an expansion of sharedprosperity. The first pathway identified areas where newpolicies are necessary to achieve a recoveryin productivity,focusing on infrastructure and connectivity, the regulatoryregime for businesses, constraints on innovation by firms,and skills development for individuals. The second pathwayidentified the main areas for policy reforms to furtherreduce vulnerability by deepening human capital gains andimproving access to public services. The analysis identifieschannels through which the labor market can again become asource of raising the incomes of the bottom 40 percent byimproving health and education services and strengtheningthe poverty impact and sustainability of Russia’s socialprotection system. To achieve these goals, progressisessential in three requisites: fiscal sustainability,governance, and management of natural resources.