Russia ranked 67th in Global Competitiveness Index.

By bne IntelliNews September 6, 2012
Russia is ranked 67th out of 144 in the Global Competitiveness Index 2012 by the World Economic Forum, going down one rank as compared to 2011. The base of Russia's competitiveness is strong public finances with potential for surplus and low government, due to which Russia's macro index went up from 44th to 22nd place. At the same time, on the development of social and political institutes, logistics and transportation infrastructure, financial markets condition and trust to financial system, competitiveness, legal enforcement, and business effectiveness Russia's scores where one of the lowest among the states surveyed, scattered around the 130th rank. Innovation rank dropped from 57th to 85th place. WEF believes that in the long-term factors that could help support the competitiveness are highly educated population, big domestic market and infrastructure projects. Innovation and boosting Russia's business environment was the main theme of Dmitry Medvedev's presidency, as well as on of the pillars of Vladimir Putin's presidential campaign that included a "100-step program" of raising Russia in Doing Business Rating from 120th to 20th position.

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