Russia needs diversification
17 May 2008Its’ rating of competitiveness has decreased. Despite of credit crisis, the USA remain the most competitive country the world though in following the American economy can concede year in the leading position. Experts of Swiss business school IMD annually measure a competitive climate in 55 states of the world. As well as one year ago, the first three of leaders, where Singapore and Hong Kong also appear, has remained without changes. Russia because of insufficient economy diversification has moved from 43rd on 47th place.
Authors of IMD World Competitiveness Yearbook 2008 mark, that at work above research «for cleanliness of experiment» they tried to not consider influence of hypothec crisis, which has begun in second half of last year. Thus, leaves, that according to 331 criterion US authorities have for almost 15 years managed to support optimum conditions for business development inside of the country. The largest economy of the world still surpasses the others on scales of investments; volumes of the tenders in the share market, and also on export of commercial services (see the table). It is easier to place the capital in the USA; the country also dominates over the technological plan, for example, by quantity of the personal computers, used in various spheres.
Index of world competitiveness
|
Country |
2007 |
2008 |
|
|
1 |
1 |
|
|
2 |
2 |
|
|
3 |
3 |
|
|
4 |
6 |
|
|
5 |
4 |
|
|
6 |
5 |
|
|
7 |
12 |
|
|
8 |
10 |
|
|
9 |
9 |
|
|
10 |
8 |
Source: IMD WCY 2008
- International conference Private Banking and Wealth Management in Russia
- Savings Bank of Russia will cancel mortgages at delivery of credits
- EBRD: Russian mortgage is unreliable and inconvenient
- European banks disclose credit losses
