世界银行－russianeconomicreportoct（英文版）.pdfVIP

RUSSIAN ECONOMIC REPORT October 2002 The World Bank, Russia Office №4 .ru World Bank Russia Office Economics Unit RUSSIAN ECONOMIC REPORT – OCTOBER 2002 Introduction On an aggregate level, Russia’s economy continues to perform well, and has been growing steadily in an international environment where growth threatens to become the exception. Oil prices are up. Business and consumer confidence levels are at post-crisis record highs. True “islands of competence” have emerged, in particular in the corporate sector (in the main in the service and consumption goods industries), where new and improved ways of doing business have created demonstration effects, spreading good practices across industries and improving demand for domestically produced intermediary goods. Optimists argue that the networks established between these “islands” are becoming strong enough to lift the entire economy onto a sustainable growth path, by generating a diversified industrial base which serves strong domestic markets. On the other hand, there is a familiar litany of structural imbalances. The public sector remains inefficient, public resource management inadequate and public service provision often dismal. And the economy remains highly concentrated in at least three dimensions. Ownership in the private sector is concentrated in a few conglomerates. New firms and start-ups, the drivers of growth in other transition economies, have been slow to develop, with the enterprise structure inherited from the socialist period still dominating much of the economy. A