Russian workers earn too much

Written by admin on July 16th, 2009

Information Group (part of an investment holding company FINAM) held a conference to the crisis: a growing economy. Its members believe that Russia is not yet ready to switch to an innovative pathof development. This is hampered by dozens of factors - from the dominance of monopolies and expensive labor. The most effective strategy in these conditions can make the growth of public investment in promising sectors and infrastructure.

The development of innovation economy in Russia hampered by a number of factors. In order to develop innovation, a competitive tax system, effective courts, educated population and, most importantly, an adequate labor force. From all this we have only relatively educated population, - said the head of analytical department of the CC Ingosstrakh-Investments Eugene Shago.

In particular, he detailed the problem of expensive labor force: The labor market, we are also very specific, as in any energy superpower. For the wages of ten Chinese Russian even think whether he should stand up to the sofa. This is a myth that the Russians have little income compared with Europeans. In absolute terms, may be less, but if the adjusted figure for productivity, it will turn out that the Russians are more expensive. And what a top-manager a year ago to seek more than the European and in absolute terms. Innovation technologies being developed, where labor costs low, but high levels of education.

The head of analytical department of Sovlink Michael Armyakov draws attention to the inefficient structure of Russia's economy, which is dominated by a monopoly: This is the legacy of the Soviet economic system, which has not been able to overcome the past two decades. In the face of the growing state role in the current economic there is no reason to expect that the situation will change for the better. Therefore, it is hoped, that the FAS will be such as to limit the appetite of monopolies, at least in fines.

Turn the country into an innovative way of development is possible only through government action. For the development of innovations in the history of Russia seems to have always had to increase the activity of public investment and planning in the economy. By themselves, our innovation does not develop, we initially, in terms of climate, geo-political settings, play in competitiveness and the West, and South East Asia. The advantage of Russia - cheap and abundant resources, it can be to play in a growing risk of world commodity hunger. Accordingly, the inflow of investment in the commodity market in the next, say, ten or twenty years, will facilitate the development of RF technology sector while maintaining a relatively high role of the state of the economy , - said the chief economist of the Criminal Code Finam Management Alexander Osin.

A similar point of view, and Mr. Shago: Given our cost of credit resources, no infrastructure projects would not be worth the money, ever. In these circumstances, the construction of infrastructure - the whole objective of the State. In the USSR, it is well understood now that from different views. The government expects the business, and business infrastructure - additional costs.

However, experts fear that the remaining resources of the State spends on saving inefficient enterprises. According to the head of department of macroeconomic analysis bank Petrocommerce Natalia Surikov in these conditions, the growth of the economy of speech can not be: Sample - Japan, where, despite all the manufacturability of the country, problems with growth, many economists associate with the support of zombie - enterprises, as a consequence of the existence of a lobby or splicing of capital and power. The latter is probably not changed in the past 20 years.

Department of Public Relations and Media Investment Holdings FINAM.
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