Analysis of drivers and constraints of Russia's development based on the global competitiveness index

Chentsova E.P.¹, Tkacheva A.S.²
¹ Старооскольский технологический институт им. А.А. Угарова (филиал) ФГАОУ ВО «Национальный исследовательский технологический университет «МИСиС»
² Белгородский государственный национальный исследовательский университет

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Journal paper

Creative Economy ^{(РИНЦ, ВАК)}
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Volume 11, Number 12 (December 2017)

Citation:

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=32231681
Cited: 2 by 06.02.2021

Abstract:
As we approach the 10th anniversary of the big financial crisis, the global economy shows encouraging signs of recovery. However, despite the positive trends, the leaders of most countries face serious difficulties, namely: the uneven distribution of benefits from economic progress, the growth of income disparities in advanced economies, the deterioration of the environmental situation, etc. Together with the growth rates, which remain below the historical level, the prospects for the development of the world economy become even more uncertain. In the article using the data of the Global Competitiveness Index (GCI) we analyze at what stage of development the Russian Federation (RF) is; we determine the current state and dynamics of the 12 key GCI parameters and identify the drivers of the regional economy and the position of the country in relation to BRICS countries; we also assess its potential in the world space and list the most significant restrictions arising from entrepreneurial activity.

Keywords: global competitiveness index; competitiveness of Russia; assessment of economic development; BRICS countries

JEL-classification: O00, O10, F63

References:

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