Research output: Contribution to journal › Review article › peer-review
Political economy of Russia’s IT sector. / Tkachenko, Stanislav; Terekhov, Andrey.
In: Baltic Rim Economies, Vol. 20, No. 1, 2016, p. 35-36.Research output: Contribution to journal › Review article › peer-review
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TY - JOUR
T1 - Political economy of Russia’s IT sector.
AU - Tkachenko, Stanislav
AU - Terekhov, Andrey
PY - 2016
Y1 - 2016
N2 - Traditionally, the Russian economy has been criticized for the predominance of the raw materials export and "resource curse". One of the main manifestations of the latter: appreciation of the national currency because of foreign currencies’ inflows and inability of national economy “to consume” them. It makes import of industrial products and services attractive, as domestic production is unprofitable due to expensive labor and lack of modern technology. Today Russia is undergoing a period of structural transformation of its economic model. The economic slowdown that began in 2012 and in 2014 turned into a recession, accompanied by rising inflation and declining incomes of households. No matter how these phenomena are unfavorable, they open up government and national business window of opportunity for the resumption of economic reforms stalled in 2003.
AB - Traditionally, the Russian economy has been criticized for the predominance of the raw materials export and "resource curse". One of the main manifestations of the latter: appreciation of the national currency because of foreign currencies’ inflows and inability of national economy “to consume” them. It makes import of industrial products and services attractive, as domestic production is unprofitable due to expensive labor and lack of modern technology. Today Russia is undergoing a period of structural transformation of its economic model. The economic slowdown that began in 2012 and in 2014 turned into a recession, accompanied by rising inflation and declining incomes of households. No matter how these phenomena are unfavorable, they open up government and national business window of opportunity for the resumption of economic reforms stalled in 2003.
KW - Information technologies
KW - reforms
KW - political economy
KW - innovations
KW - import substitution
M3 - Review article
VL - 20
SP - 35
EP - 36
JO - Baltic Rim Economies
JF - Baltic Rim Economies
SN - 1459-9759
IS - 1
ER -
ID: 7557918