Russia Profile Weekly Experts Panel: Should Modernization Be Imposed?

Russia Profile Weekly Experts Panel: Should Modernization Be Imposed?

Russia Profile Weekly Experts Panel: Should Modernization Be Imposed?
Local Russian News In English

Last week, President Dmitry Medvedev called on the leaders of big business to contribute to the modernization of the economy. Medvedev asked Russia?s business leaders to come up with a list of specific innovation projects involving cutting-edge technologies that would open new markets for Russian-made high-tech products. The list of such projects will be reviewed by the Kremlin?s Commission on Modernization in May, in order to determine which projects will receive state funding or a special tax regime. Will this approach to innovation succeed in Russia, where others did not? Can the state actually force private companies to innovate? What kind of incentives does the state have to encourage private investment in innovation?
Source: Russia Profile.org