EDITORIAL: Non-Competitive Russia

EDITORIAL

Non-Competitive Russia

China #27

India #51

Brazil #58

Russia #63

Once again, the World Economic Forum has found Russia to be bringing up the rear when surveyed for economic competitiveness and compared to the other nations in the so-called BRIC group.  At #63, Russia’s rating remained totally unchanged from last year, no increase in competitiveness whatsoever. Well outside even the top 50 world nations, Russia is languishing in a backwater that gives it absolutely no basis for inclusion in lofty assemblages like the G-8 and the Security Council.

Russia’s growth rate in the first quarter of 2011 was half that of India and China, and it has the highest corruption perception rating of any BRIC nation.