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(Task I.A.R.6)
Competitiveness of Russian enterprises: microeconomic approach
A.A. Khoudokormoff
Introduction
Russia has to face a double challenge.
It has to accomplish the transition (or a return) to a market economy after 75 years of planned economy, which is twice as long a period of time as in Central Europe and China, and at the same time it has to adapt itself to the globalization of the world economy, a globalization which was accelerated by the collapse of communism in Russia.
Russia has to find its place in the rapidly developing global economy. In a world where all markets are open it must compete with the Western Countries with their developed industries and good knowledge and experience of the market economy. At the same time it has to face competition from Asian countries, like China and India, which are also developing very quickly. With a 220 million population Russia becomes a target market for almost the whole world, especially when revenue from export of oil and gas makes it a rich country. The question is how in these circumstances can Russian enterprises can at least survive at home in what should normally be their own market.
Published on 29 Sep 2005
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