The competitiveness of russian economy.

Abstract

The scope of this dissertation is to examine the evolution of the Russian economy since the dissolution of the Soviet Union and in which way the past of the country affects its competitiveness until today. In order to achieve that an attempt to provide a multidimensional analysis will be made, in terms of economic, political, social and cultural variables of the Russian Federation as regards the concept of competitiveness. The globalization of the economy has significantly change the terms under which countries were competing during the past and has increase the role of competitiveness as a mean to improve their economic performance. In that way competitiveness should be considered with regard to both internal and external markets. The majority of the countries, as well as Russia, have undergone reforms within the political and legal context in order to successfully achieve their economic targets. Russia’s competitiveness had significantly increased through the past years and the country had improved its role in international trade and business. However, compared to the possibilities that the country had according to the size of its economy and population, this growth falls far behind. The aggravated position of the Russian economy to reach the maximum of its potential and become more competitive covers a mind spectrum that has to do not only with global characteristics like traditional market of capital, technology and labor but also refers to management techniques, innovation and development of human capital. A country like Russia, with a vast market and a huge number of population, has limitless possibilities and a big spectrum of vital interests through the globe that emerge its global competitive ability as priority and a strategic target for the prosperity of the country.