Shift from energy and raw material to technological niches

The current crisis in Russia is the perfect time for investment and creating a new model of development. Switching to technology exports would help the country overcome the crisis as fast as it can, speakers at the Gaidar Economic Forum in Moscow told RT.

Although the current geopolitical issues and the situation on the global oil market have created hard times for Russia, it should be born in mind that every crisis can be turned into an opportunity, says Professor Danica Purg, President of the IEDC-Bled School of Management in Slovenia.

“This crisis should be used for the fundamental restructuring of a mindset,” she said “As important economically as it is, and as an intellectual potential you have, Russia could produce anything in the world. Russia should also pay much more attention to the management of technology.”

 Turmoil in Russia: Perfect time to ‘restructure mindset’, switch to technology exports