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Competition in a disorganized market

Published in № 1(7) 01 january 2008 year
Rubric: The issues of theory
The author: Kurnysheva I.
As it is known, Russia lacked many prerequisites in the early 90-s needed to ensure that the competitive market mechanisms would contribute to the efficient economy formation. Different market instruments use is a characteristic of the developed economies. It is natural that the tools' efficiency is fairly restricted if they are used in the economies where the transition period is not over. Nevertheless, Russia created its competitive market regulations during a relatively short period of time; many market development instruments and mechanisms have been used; the business community uses the terms competition and competitiveness widely; we can see some business success stories. However, we can see that there are no prerequisites yet that could become the basis for the Rus¬sian economy competitiveness as the deep economic crises of the past hamper the competitive environment development.

The author:

Kurnysheva I.

Degree:

Dr of Economy, Science federal state budgetary institution Institute of economy Russian Academy of Sciences, IE RAS

Location:

Moscow