Strong institutions and good governance are instrumental for success in the global economy. While the quality of national governance has positive effect on a country’s economic performance, it is not a necessary condition. Poor governance can be offset with the country’s comparative advantages; however, such advantages are likely to be geographically concentrated. We argue that in present-day Russia weak institutions and low quality of national governance make most regions unable to compete in the global economy.
Russian Politics – Brill
Published: Jun 23, 2018