Formation of economic policy institutions discussed at Ninth Gaidar Forum
The expert discussion, Institutions in the Russian Model of Economic Policy Making, was held on January 18, as part of the Gaidar Forum at RANEPA.
Business analysts and political economy experts from Russia, the United States and Great Britain assessed the existing problems of the Russian economy. They covered currency crises, the need for reforms, the possibility of Russia’s successful competition with technological heavyweights such as China. The moderator was Professor Carol Scott Leonard, Director of RANEPA Center for Russian Studies, Emeritus Fellow of the University of Oxford.
Trusted Sources Managing Director, Director for EMEA and Global Political Research Christopher Granville discussed the problems of inflation targeting.
Ben Aris, Editor-in-Chief of Business New Europe, spoke about the institutions in the Russian model of economic policy-making. “There is no single recipe that all countries could use. It is necessary to build a specific system for Russia,” he said. To resolve the existing economic problems in Russia, he suggested setting up institutions to support local businesses. Institutional reforms are a priority, although the government is short of funds for their implementation. The speaker also mentioned bureaucracy as another major obstacle.
McGill University Professor Juliet Johnson offered a comparative analysis of currency crises in 1998, 2008, 2014-2016. She noted that Russia is prone to crises, which, in turn, are pegged on oil and gas prices. However, today the Russian authorities have learned to better manage currency crises, taking the necessary lessons, she added.
The organizers include the Presidential Academy of National Economy and Public Administration (RANEPA), the Gaidar Institute for Economic Policy (Gaidar Institute) and the Association of Innovative Regions of Russia (AIRR).
The program outline is available at the forum website.
The general partners of the Gaidar Forum are Gazprom and Gazprombank; strategic partners include Novartis, Johnson&Johnson, RZD, MSD, AstraZeneca, the ACIG Group of Companies, Mastercard, Coca-Cola, Russian Agricultural Bank, Pharmstandard JSC, Microsoft; O1 Group, Unilever, EY, Russian Brewers’ Union, Russian Direct Investment Fund are partners and RVC.
The general information partners include the Rossiya 24 TV channel, RBC and TASS news agencies. The official information agency is Rossiya Segodnya. The general online media partner is Gazeta.RU. The general radio partner is Business FM. The strategic information partners are Kommersant Publishers, the RT TV channel and Interfax. The main information partners are Rossiyskaya Gazeta and Federalpress news agency. Other media partners include, PRIME news agency, EFE, Polit.ru, Expert RA, Radio Ekho Moskvy, Parlamentskaya Gazeta, BRICS, National Banking Journal, Banking Review, Financial One, Standards and Quality news agency, AK&M, Ekonomika i Zhizn weekly, Invest Foresight online magazine, Strategia magazine, Naans Media, the Public Administration scientific political journal, the PRO BUSINESS TV channel, the Indicator online science journal, the Bankovskoye Delo (Banking Business) magazine, RNS news agency, Business Excellence magazine, Cision, the Budget magazine, Information platform “Russian planet – Smart Russia”.