Modernizing Russia: Round III Erik S. Reinert and Rainer Kattel

Looking at Russian economic dynamics through evolutionary and Schumpeterian Other Canon lenses, the authors provide alternative explanation as to why Russia is still lagging behind other BRIC and leading catching-up economies. In this context they argue that learning from successful cases of managing industrial policy under the WTO – what the rest of the BRIC economies have long been doing – is perhaps the main issue for Russia’s economic policy-making in the near future.

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