Thursday, July 19, 2012

Creative class accounting

It was American economist Richard Florida, who coined the term “creative class”. He described the phenomenon in his “Rise of the Creative Class”. Strategy-2020 by Vladimir Putin has introduced the term to Russian political science and economics. According to authors, it is the creative class that bears the innovative thinking and the entrepreneurship spirit. The hopes for the timely modernization are still pinned to it — deprived of that, Russia is destined to become yet another “third world” country.

Sunday, July 8, 2012

What is to befall barrel and us?

Annual economic forum in St. Petersburg — pretentiously dubbed the “Russian Davos” — has come to an end. Neither its significance for the global economics, nor the ranks of the guests, nor the announced goals can match the Swiss ones, but peculiar aspects of it are crucial for our country.