Russian Business Practice: Issues of Corruption and Trust

Liudmila Simonova and Dmitry Rudenko
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Liudmila Simonova: Tyumen State University

A chapter in Financial Environment and Business Development, 2017, pp 611-622 from Springer

Abstract: Abstract This study examines the dynamics and the ratio changes of different types of corruption practices in the relations between business and government in Russia. Corruption is regarded as a major barrier for the international business practice in Russia and the confidence of a foreign investment community in the Russian companies. It is especially relevant in terms of sanctioned Russian economy, its low competitiveness and innovativeness, deteriorating investment climate. Characteristic and peculiarities of a corruption process in Russia have been determined: (a) the high level of corruption in Russia in the system of international coordinates; (b) the crisis of confidence and trust between the Russian civil society and the government as an ideological foundation of corruption; (c) raw vs. innovation type of economics in Russia as an economical foundation and a precondition of corruption; (d) existence of a sustained corruptive relationship between government and business in Russia (in contrast to other countries, where it is revealed less obviously or has a random character of manifestation); (e) dominating significance and a latent character of the internal business corruption as opposed of its external manifestation in Russia; (f) formation of a social request for the effective anti-corruption policy.

Keywords: Russian business; Trust; Corruption; Governance (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-319-39919-5_44

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DOI: 10.1007/978-3-319-39919-5_44

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