January 2009
A Global Answer to a Global Challenge
Crisis Lessons for the Future of the Russian Economy
This article discusses the implications of the global financial crisis on Russia. The author suggests that relations between the state and the market must be fundamentally rethought and a new regulatory architecture must be developed. The high hopes that Russians pin on their political elite must not be dispersed, but rather guided in a productive vein. The author calls for public-private partnerships in industrial production. He concludes by noting that Russia must move beyond exports of raw materials to selling refined products with higher added value.
© 2009 Foreign Policy Research Foundation
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Vladimir Yevtushenkov
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