New book explores future of Russia’s economy, markets

“Exploring the Future of Russia’s Economy and Markets: Towards Sustainable Economic Development,” a unique book on Russia’s economy, is being  released by Emerald Publishing on Nov. 6.

The book was edited by Bruno S. Sergi, Harvard University Davis Center’s associate, scientific director of International Center for Emerging Markets Research. Contributors to the volume are Boris Ananyev, Svetlana Balashova, Andrey Berezin, Aleksei  Bogoviz, Kevin Chen, Veronika Chernova , Sergey Chernikov, Ekaterina Degtereva, Shahdad Naghshpour, Mikhail Kuzyk, Inna Lazanyuk, Vladimir Matyushok, Elena Popkova, Elena Popova, Julia  Ragulina, Yuri Simachev, Yan Vaslavskiy, Natalia Volgina, Alexander Zobov.  The contributors aim to delve into the new priorities for Russia’s economic development to battle long-time dependence on fuel exports and transition to knowledge-based economy and adopt the most modern and advanced technologies.

According to Rawi Abdelal, Herbert F. Johnson Professor of International Management at Harvard Business School, “In this extraordinary, essential volume, Bruno Sergi has put together a diverse, multinational, multidisciplinary collection of authors to explore the most important, most relevant trends in Russian economic development. This book deserves a wide audience of scholars and practitioners of policy and management.”

The book presents the evidence that Russia on the route to change its growth model and elaborates the evolution of the Russian economic system up to the present days. The 13 chapters deliver a unique perspective of analysis and understanding about the essential initiatives that helped Russia rise from 67th place in Global Competitiveness Report 2012-13  of World Economic Forum to 38th  in 2017-18 edition and what is still to implement into the economic and productive system.

The volume that has been written taking into account all possible angles of economic sustainability and growth, which is a distinguished character of the book. Contributions are based on discussions of a special event at Harvard University Davis Center for Russian and Eurasian Studies that took place on  April 10, 2017.

According to Professor Feodor Voitolovsky, “The 13 chapters give an in-depth and comprehensive analysis of the contemporary Russian economy, covering its infrastructure, financial and industrial sectors, stock market, and potential for innovation. The authors do not ignore controversial and complicated issues of Russian economic development, such as structural and institutional problems and the negative impact of sanctions, but at the same time they outline perspectives for further growth and sustainable development.”

Thirteen chapters of the book:

1- How Can FinTech Impact Russia’s Development?

2- The Impact of Commercial Banking Development on Russian Economic Growth.

3- The Russian Stock Market: Risks and Growth Drivers.

4- Will Industry 4.0 and Other Innovations Impact Russia’s Development?

5- Industrial development, structural changes, and industrial policy in Russia.

6- Clusters and Innovational Networks Toward Sustainable Growth.

7- Will the Circular Economy Be the Future of Russia’s Growth Model?

8- Technological Parks, “Green Economy,” and Sustainable Development in Russia

9- Oil and Gas Industry’s Technological and Sustainable Development: Where Does Russia Stand?

10- TNCs in Russia: Challenges and Opportunities.

11- The impact of international sanctions on Russia’s sustainable development.

12- Russia in Global Value Chains.

13- Growth Scenarios for the Russian Economy.