“The world economic system, which was established in 1946, needs to be changed. The Group of Seven – the USA, Canada, Japan, Britain, France, Germany and Italy emerged during the 1970s and the 1980s. Russia joined the group during the 1990s, after the collapse of the USSR.
“The world economic crisis gives a reason to change the structure of G8 meetings. Which role will Russia have in the world economic system? Many economists refer to the association of BRIC countries – Brazil, Russia, India and China – just as BIC, without Russia. They believe that Russia’s share in the world economy is insignificant. In addition, the Russian economy is based on raw materials. Therefore, Russia does not show much influence on the economic situation in the world, but simply follows it.
“The Russian government is aware of the problem, and it is trying to solve it. At least, the government is trying to do something to change the structure of the Russian economy and make it more innovative. There is a hope that we will eventually cut the fuel constituent of the economy to be able to join the world economic giants,” the expert said.
Sergey Balmasov
Vadim Trukhachev
Pravda.Ru
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