RUSSIA IN GLOBAL RANKING

Viktor Starodubrovsky
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Viktor Starodubrovsky: Gaidar Institute for Economic Policy

Russian Economic Development, 2014, issue 2, 69-73

Abstract: Various international organizations has recently published country rankings on various business environment metrics, namely Index of Economic Freedom, Corruption Perception Index, Forbes’s “Best Countries for Business”. Russia ranks low by all these organizations. The current tragic situation in Russia is determined by the disastrous situation with property rights, freedom from corruption, investment freedom, etc. – the fundamental, cornerstone components of business freedom. This leads to economic stagnation, prevents the advancement of more or less successful areas within the institutional environment. No wonder that certain scores in rankings are moving up while the economy is declining. The main problem in Russia, according to the GEM Project (Global Entrepreneurship Monitor), is that a new business can hardly survive after starting. Most individuals fail when it comes to starting a business in Russia.

Keywords: Climate (search for similar items in EconPapers)
JEL-codes: C81 E30 E31 L11 (search for similar items in EconPapers)
Date: 2014
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