Evaluation of competitiveness and the business environment in Russia
Sulcaite, Kamile
This paper makes an assessment of Russia’s national competitiveness level and business environment in the country. These analyzes is based on two very important and influential key studies: Global Competitiveness Report of World Economic Forum and Doing Business of World Bank. The main purpose of this paper is to show how competitive are Russia’s economy and what the environment is here in order to develop business. The results showed that Russia still are ranked in a very low positions comparing to the other countries and regions. It is also observed that despite the fact that is big economy and big market it can not compete with EU-27 or USA because the indicators are too low. This paper analyzes why those indicators are low and also gives proper recommendations which could be implemented in Russia. What is also very important that this dissertation shows how deep the correlation between competitiveness and business environment is because it takes into account main sectors which are important for the growth of economy.
