| Abstract: | Abstract Using data on Russia's competitiveness collected by our research team as part of the World Economic Forum's Global Competitiveness Report (GCR), literature on competitiveness, in particular Michael Porter's theories on economic development and competitiveness, and benchmarking data from the global competitiveness project for other countries, this paper analyzes Russia's comparative strengths in its macro and microeconomic competitiveness. We investigate Russia's movement in ranks over a three-year period, discussing Russia's strengths in its macroeconomic climate and the weaknesses of its institutions. We illustrate the effects of these on three-key growth industries in Russia: oil, IT outsourcing, and the food sector. |
