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По мнению ОЭСР Российской Федерации, необходимо стимулировать процесс модернизации экономики для обеспечения долгосрочного развития страны и решения проблем, связанных с неравномерным распределением доходов.
The Russian economy is being modernized and per capita incomes are converging towards OECD levels, but the pace of catch-up could be increased up with determined efforts to raise energy efficiency and improve the business climate, especially via reduced corruption and strengthened rule of law.
The Russian Federation must further modernise its economy to meet long-term development and income inequality challenges, according to the OECD. A combination of sound macroeconomic management, improved business climate, effective social policies and greater energy efficiency is required.
Angel Gurría declared that "building on the trust we have established over the years, Russia is advancing on the accession track to become a member of the OECD. The accession process can be seen as a joint initiative to support Russia’s objective of modernising its economy."
In the years preceding the onset of the global financial crisis, the Central Bank of Russia (CBR) had two goals: to reduce inflation and limit the real appreciation of the rouble.
This paper uses the OECD’s indicators of product market regulation (PMR) to assess the extent to which the regulatory environment in Russia supports competition and to draw attention to the areas where further reform efforts would pay dividends.
This paper discusses the policy imperatives in the short term, in the face of the ongoing economic crisis, and reforms that could be implemented over the longer term to improve the efficiency and resilience of the financial system and raise Russia’s potential growth rate.
The global crisis put an end to a decade of rapid growth. Russia needs to minimise the downturn and establish a sounder long-term growth model. Growth-friendly product market regulation and a more efficient and resilient banking system will be key.
After a decade of rapid growth, Russia has fallen into recession. The near term challenge is to limit the extent of the downturn, while beyond the crisis, a sounder growth model should be put in place.
Russia should aim for a gradual switch from a quasi-fixed exchange rate policy to inflation targeting. Not all conditions for adopting inflation targeting are yet in place, but preparations should be accelerated.