Tag Archives: Vladimir Terletsky

Russia Cannot Innovate, Doomed to Fail

Vladimir Terletsky writing on Rus Business News:

Russia will be unable to become an innovation-driven country in the near term, as, despite its tremendous area, there is no demand for innovative developments. Large companies prefer to purchase off-the-shelf technologies in other countries; talented scientists, in their turn, leave Russia, finding no comfort in living and working at home. Experts see monopolists as the main hindrance to progress, as being the closest to government money. The “RusBusinessNews” columnist is sure that only transnational corporations can make them move; however, the authorities show no haste to allow them access to the Russian market.

Continue reading