Experts Discuss Ways to Get Russian Economy Out of Crisis

21:10, November 14, 2019

International Conference 'Russian Regions in the Focus of Changes' has started today in Ekaterinburg

Experts gather to discuss ways of how to create new business models based on digital technologies, putting bets right when attracting investments, world-class sports events effects on the development of the territory, experts said. The 14th International Conference 'Russian Regions in the Focus of Changes' has started today in Ekaterinburg.

“We cannot see in the whole country signs of success in economic development. Stagnation. All experts say that we should expect insignificant growth. Always, during the period of stagnation, certain territories, regions, cities pulled ahead of steam. Now we have ourselves in an exactly the same situation. We must focus our attention on those who manage to do something even in the current situation. These models show signs of success. We are trying to understand what is happening there,” says Dmitry Tolmachev, director of the Graduate School of Economics and Management (GSEM), at Ural Federal.

The key topic of this year's conference is the search for effective models of economic growth and social development of territories, cities and companies in the face of new geopolitical challenges.

“One of the most important challenges for regional elites is the launch of a new wave of economic growth in the face of severe restrictions on foreign export and capital markets. The previous models of attracting investments, which have successfully proved themselves in a number of territories of the country, have exhausted themselves, a search for new models is required, ”the conference organizers explain the relevance of the topic.

Experts discuss current issues in three areas: infrastructure development (business, transport, healthcare, education), effective models for attracting investment and the development of human capital, the use of innovations, digitalization to give an additional impetus to the development of regions.

The conference includes business and academic days. From November 14 to 16, plenary meetings and round tables will be held at the residence of the Governor of the Sverdlovsk Region, scientific and practical seminars with the participation of foreign and Russian experts, more than 20 thematic sections, a youth scientific forum, lectures and master classes from invited experts. Conference materials will become the basis for strategic management decisions, plans for the development of territories and companies.

To add, for many years the conference has served as the largest discussion platform in the Urals, where representatives of the authorities, the academic community, and managers of medium-sized businesses and large companies could discuss regional development issues.

For Your Inquiry

The conference is organized by the GSEM, the 'Expert' Analytical Center, and the business journal 'Expert-Ural'. Co-organizers - HSE, HSE at St. Petersburg, Regional Studies Association, City of Ekaterinburg administration.