Russia' Path to Prosperity in the Post-Industrial World

Abstract

The author explores the comparative advantages of the Russian economy and states that resource export orientation can be a strong factor of sustainable economic growth as for example in Australia. Economic relations with rapidly growing China are of extreme importance because the Chinese economy can provide a huge market for Russian commodities. The author warns that the rapid growth of rouble's real exchange rate can decelerate economic development but his forecasts for the nearest future are rather optimistic.