Unleashing Russia's Business Potential: Lessons from the Regions for Building Market Institutions (World Bank Discussion Papers)

As Russia's economy grows, the country needs to continue to assess and improve its business environment in order to ensure continuing investment and sustained growth. Currently many of the new businesses are being established in the larger urban areas. It is critical that similar new businesses develop at the regional level. This book, based on in-depth case studies of more than 70 companies across 13 regions in Russia, addresses four areas key to institutional development. These include: determinants of inter-enterprise competition and market structure and the policy structure governing them at the local level; the regulatory regime governing the price, supply and access to local infrastructure services; access to corporate finance in regional markets; and the legal system for resolution of commercial disputes. As a result of this analysis, this book formulates policy recommendations for each of the areas analyzed.