WEF Report Says Russia Falling Behind Other BRIC Economies
The World Economic Forum has published the Russia Competitiveness Report 2011, which states that Russia has been falling behind other large emerging BRIC economies (Brazil, India, and China). According to the report, Russia has seen a negative trend in its…
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competitiveness performance due to a number of shortcomings in the country’s business environment. Key competitiveness challenges are underdeveloped institutions, stifled competition, low business sophistication, etc.