Russia may soon develop its own rating to rank its many regions on how easy they make life for businesspeople.
The initiative was voiced by Galina Kurlyandskaya, General Directror of the Center for Fiscal Policy, at this year’s Krasnoyarsk Economic Forum.
“We’ve reached the point [in our development] to provide regions greater freedom from the federal center and not dictate every move [to them]. Our federative state offers the opportunity for regions to compete between each other; competition will lead to higher rates of economic growth,” she said.
However Vladimir Mau, Rector of the Russian Presidential Academy of National Economy and Public Administration, noted that high growth rates should not be the only priority.
“We need structural modernization, and it doesn’t always correlate with high growth rates. We need not so much a domestic competition between regions as an increase in competitiveness,” he said.
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