Gaidar Forum experts discuss influence of human capital on economic development

The participants of the Gaidar Forum 2017 discussed the quality of human capital as part of the panel discussion, Social Development: Historical Lessons and Future Challenges.

The discussion of Russia’s social development strategy was attended by Deputy Prime Minister Olga Golodets; Minister of Labor and Social Protection Maxim Topilin; Chairman of the Russian Pension Fund Anton Drozdov; Rector of the Higher School of Economics (HSE) National Research University Yaroslav Kuzminov; and Chairman of the Federation of Independent Trade Unions of Russia Mikhail Shmakov.

President of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin moderated the discussion. The panel experts included Branko Milanovic, professor of the City University of New York and former lead economist in the World Bank's research department (1991-2013); and Olga Bantsekina, Chief Representative of Coleman Services UK, Deputy Chair of the Association of European Businesses Board.

During the discussion, the experts noted Russia’s accumulated historical experience in social environment and described the current situation in this area.

Deputy Prime Minister Olga Golodets was the keynote speaker. Labor relations and decent wages are key issues for the Government now, she said. “In the difficult period of 2014-2015, there was a major drop in people’s incomes. Therefore, it is our primary task today to recover people’s incomes and consumption. We view this not only as a social problem, but also an essential condition for economic growth. The shrinking consumption and reduction of retail trade are serious inhibitors for further economic development,” she said.


General partner: Gazprom. Financial partner: Otkritie Bank. Strategic partners: Gazprombank, Unilever, ACIG Group of Companies, Johnson&Johnson, Novartis Group in Russia, Masterсard, Yegor Gaidar Foundation, MSD. Official partners: Microsoft, RVC. Partners: EY, Cotton Way, The Russian Brewers' Union, Tomsk region. Insurance partner: Rosgosstrakh.

General media partners: Russia 24, PH "Kommersant". General Internet Media: General radio partner – Business FM. Strategic media partners: TASS, RT, RIA Novosti. Main media partners: Interfax Information Services Group, Prime Business News Agency CJSC.

Media partners: "Rossiyskaya Gazeta", Izvestia, Rambler News Service, Snob, The Moscow Times, Xinhua News Agency, PR Newswire, Agencia EFE, Radio "Echo of Moscow", Thomson Reuters, The Finmarket Information Agency,, BRICS Business Magazine, AK&M, Ekonomika I Zhizn’, China Radio International, FederalPress, The National Banking Journal, The magazine "Region of development", "Banking", RAEX (Expert RA), "STRANA", Phoenix Satellite Television, The magazine "Moscow – Beijing. Two Countries – One Thing", RIA Standards & Quality, Business Excellence, Strategy Journal, Gosudarstvennaya Sluzba, Viable Healthcare, Bank Review, Financial One, Magazine "Banking", RAI - Italian Radio television.