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Russia risks becoming a BRIC’s outsider - PwC

Publication date: 27 February 2010

Russia may stay far behind other BRIC countries if it doesn’t make a technological breakthrough in the nearest years – says PricewaterhouseCoopers. The “innovational” curve of further development – officially announced by the country’s president Dmitry Medvedev – was not long ago recognized as dangerous by some of the government’s influential officials.

PricewaterhouseCoopers (PwC) thinks that Russia may loose its positions to other BRIC countries (in respect to GDP, first of all) if it doesn’t make a technological breakthrough.