NEWSWATCH: “Listen, liberal. Alexei Kudrin wants to liberalise Russia’s economy to save it. But with Donald Trump’s election, many Russians think Putin’s model is winning.” – The Economist

Alexei Kudrin file photo

“… Kudrin’s verdict was grim. Russia, he said, is at a low pace of economic growth even compared with the period of stagnation in the 1970s and 1980s that led to the Soviet collapse. The reasons go well beyond low #oil prices and Western sanctions: The main problems lie within Russia and they are structural and institutional.’ Russia lags far behind in technology and innovation, and faces a severe demographic slump. The key problem is not a lack of intellect or business talent, but state inefficiency and dysfunctional institutions. ‘In our country the state dominates everything, so you have to start with reforming the state,’ Mr Kudrin said. …”

Click here for “Listen, liberal. Alexei Kudrin wants to liberalise Russia’s economy to save it. But with Donald Trump’s election, many Russians think Putin’s model is winning.” – The Economist