Russia has moved up 20 places to 92nd place in the 2014 Global Doing Business rating. Find out in which areas the country has made the most progress.
"No single national score can accurately reflect contrasts in the types of corruption found in a country." Michael Johnston, 2001
Corruption comes in various forms - administrative corruption being one example, state capture (a.k.a. “grand corruption”) being another. Although administrative corruption is not necessarily the most damaging form for economic growth and private sector development in Russia, and while its occurrence appears to be declining in Russia, perceptions of “state capture” are worsening.
Spare a thought for the economist.
While in the past, people might have resorted to reading tea leaves to figure out what their future has in store for them, these days, at least on economic matters, people turn to the next available economist. But while economists are great at analyzing the past, predicting the future is still a complicated task.
In order to come up with projections, economists look at data. Now, it turns out that economists are often making long-term assessments based on the latest news. Take a look at these growth projections for ten years ahead for Russia, based on polls of economists conducted by Consensus Economics, along with actual growth in the year of the projections (Figure 1). Clearly, while long-term projections are less volatile, the two are correlated – the better the present the better the future, and vice versa. In particular, long-term projections have noticeably nudged down since the crisis.
Figure 1: Actual Growth and 10-Years Ahead Growth
Projections for Russia (percent), 2004 to 2012
To do this, we rely heavily on macroeconomic data from the national statistical office, the Ministry of Finance, the Central Bank and other sources. While this sounds straightforward enough (given it’s what economists around the world do when they compile their latest economic assessments) – it’s a rather indirect way to assess the issue.
Spending a day at a kindergarten can be eye-opening for an adult. I’ll tell you why.
The school in question is what we, in the Russian Federation, call an inclusive school – where children with special needs are part of a regular kindergarten and participate in the same activities and programs as others. It works! This school was started in 2011 and does not distinguish between children with special needs and others. Both groups are part of the same class, sit at the same table, and participate in the same activities. Not many places in the world do this.
The inclusive model, while not unique, is still rare. But other than that distinctive nature, what’s so special about it?