Using technology to drive productivity
Russia has set ambitious productivity and innovation goals as part of its strategic Concept 2020 plan. To achieve them, however, the country needs to address two key areas: technology and innovation.
Many factors, including inadequate technological infrastructure and a weak regulatory environment, are restricting the potential for technology and innovation to drive Russia’s productivity growth.
The various issues that Russia faces in the development, adoption and use of technology and improving its innovation performance create a huge opportunity for a win-win situation for all participants. Even small incremental changes that address the major issues are likely to create worthwhile benefits. Getting the basics right creates an opportunity for Russia to generate much greater impact on productivity by expanding its existing strengths. Tackling these issues now improves the likelihood that Russia will not just achieve its strategic productivity and innovation targets, but exceed them.
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