Analysis of the Global Competitiveness of the Russian Federation

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Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:
The paper considers world competitiveness ratings, studies in more detail the position of the Russian economy in the world. The article highlights the common features of the countries-leaders of global competitiveness. In particular, they have an almost identical sectoral structure and high investments in R&D. In addition, the most developed industries are those related to the welfare of the population, infrastructure and technological development. This allows us to talk about the strategic importance of these industries and their impact on the global competitiveness of the state. The presented analysis of the state of the Russian economy showed that in general Russia has a high growth potential. At the same time, for further sustainable development of the country, it is necessary to solve many problems that impede the growth of competitiveness of the Russian Federation. The range of identified problems includes poor infrastructure development and too little investment in R&D, insufficient development of innovations and poor development of the financial market. The work noted the need for timely adoption of measures to improve the economic situation across a wide range of problems.
Language:
English
Published:
Journal of Research in Applied Linguistics, Volume:10 Issue: 1, Spring 2019
Pages:
449 to 459
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