Economic Growth and Strategies for Economic Development in Russia

Author(s): Richard Connolly
Editor(s): Stephen Aris, Matthias Neumann, Robert Orttung, Jeronim Perovic, Heiko Pleines, Hans-Henning Schröder, Aglaya Snetkov
Series: Russian Analytical Digest (RAD)
Issue: 133
Pages: 5-9
Publisher(s): Center for Security Studies (CSS), ETH Zurich; Research Centre for East European Studies, University of Bremen; Institute for European, Russian and Eurasian Studies, George Washington University
Publication Year: 2013

Recent evidence indicates that economic growth in Russia has begun to slow. While some of this slowdown may be attributed to exogenous factors, it is also possible that Russia may be entering a period of slower growth due to domestic constraints on growth that may be structural in nature, or caused by defects in economic policy. This article considers recent forecasts for Russian growth rates, the potential for faster growth in Russia, and the role that longer term strategic plans for economic development might have in promoting faster growth in the future.

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