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Awara — The Government and Business Approve New Steps to Improve Business Climate in Russia

Summary:
The Plan of the Ministry of Economic Development for the Transformation of the Business Climate Was Supplemented with New Measures Vladimir Putin set an ambitious goal for the Ministry of Economic Development: by 2024, Russia should rise to 20th in the World Bank’s Doing Business rating (now our country occupies 31st place out of 190).... Russia and China have managed economies along with market-based economies. This is proving to be be a good balance between hierarchical technocracy and economic liberalism. Planning is working for both countries, seemingly contradicting the argument of economic liberals that any government "intrusion" is inefficient and reduces outcomes. At the same time, economic liberals also generally oppose direct democracy as "rabble rule," opting instead for what

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The Plan of the Ministry of Economic Development for the Transformation of the Business Climate Was Supplemented with New Measures Vladimir Putin set an ambitious goal for the Ministry of Economic Development: by 2024, Russia should rise to 20th in the World Bank’s Doing Business rating (now our country occupies 31st place out of 190)....
Russia and China have managed economies along with market-based economies. This is proving to be be a good balance between hierarchical technocracy and economic liberalism. Planning is working for both countries, seemingly contradicting the argument of economic liberals that any government "intrusion" is inefficient and reduces outcomes. At the same time, economic liberals also generally oppose direct democracy as "rabble rule," opting instead for what amounts to political illiberalism, which is what "bourgeois liberalism" really is as the dominance of the ownership-managerial class.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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