Russias Institutional Problems in the Global Context

This third, last article observes the dynamics of the development of Russia, the fourth of the BRIC countries, which have been analyzed in the context of the formation of its institutions and culture. Main factors that create a potential barrier on the way of Russias democratization and its transition to the innovation phase are selected. On one side, this barrier is lower in Russia than in other BRIC countries: bureaucracy is weaker than the Chinese one and there is no institutional separation of the society, as in India and Brazil, levels of education are relatively high, while oil export could bring additional resources for the institutional reforms. On the other side, Russia doesnt have cheap labor force which permits other BRIC countries to postpone the transition to the innovation phase of development. Will Russia be able to overcome the barriers to its development in the nearest future, and what is necessary in order to achieve this? This article aims to answer this question.