International Assessment of the Competitiveness of Russia

Author: Prof. Alexander Aleksandrovich Sergeev, Doctor of Economics (Financial Academy of the Government of the Russian Federation)

Keywords: economy, World Economic Forum, income, quality of life and environmental sustainability, competitiveness, Global Competitiveness Index.

The report on global competitiveness, in our opinion, stimulates the process of increasing Russia's competitiveness. As Klaus Schwab, the founder and executive director of the World Economic Forum, said, this document is "an important tool that politicians and business leaders can use to formulate better economic policies and institutional reforms." Nevertheless, the indicators of the competitiveness of countries should not be too carried away. They are distinguished by a number of politicized factors. And politics is not a constant thing, although it strongly affects the economy.

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