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President Dmitri Medvedev is again proposing major international economic reforms even as he acknowledges that over-reliance on extractive industries, corruption1, and inflation are hampering2 modernization3 of the Russian economy.
Russian President Dmitri Medvedev speaks at investment forum4 in St. Petersburg, Russia, 05 Jun 2009
In his keynote address to the annual Saint Petersburg Economic Forum, President Medvedev called for new standards to regulate international financial markets, new rules of energy cooperation, new reserve currencies, including the Russian ruble, and new financial institutions
Mr. Medvedev says these should, in the final analysis, be fundamentally new institutions, that will not be dominated by individual political plots, motives5, governments or countries.
Russian leaders have been pushing the idea of replacing existing international financial institutions and reserve currencies over the past year. Economic expert Yevgeny Volk, director of the Heritage Foundation in Moscow, told VOA the Kremlin proposals are motivated in part by a desire to reduce U.S. global economic influence. He notes, however, that the Russian economy is only one-fifth the size of America's.
Today's Kremlin rulers, says Volk, want to reinforce their superpower ambitions in the political arena6, and the economic aspect involves showing that the ruble is capable of an international role, which would simultaneously7 demonstrate that Russia is a great nation.
President Medvedev told the Forum that Russia is in a relatively8 early stage of economic development, relies too heavily on extractive industries, and is mired9 in centuries of corruption. He said his country has a critical need to develop an intellectual or knowledge-based economy. This, he notes, would require dominance of the middle class, ability to react to a rapidly changing world, active entrepreneurs, and a mobile society.
The Russian leader says every person must understand a rather simple thing: it is necessary to become more mobile, sometimes changing jobs and even location to ensure the comfort of families and the education of children.
But Yevgeny Volk says Kremlin talk of diversification10 and mobility11 amounts to sloganeering. He says ordinary Russians are reluctant to move, and notes their government has not taken concrete steps that would encourage them to do so.
Volk says the Russian housing market is at a beginning stage, and living conditions differ sharply in various regions of the country. The European part of Russia, he says, is more developed, but the infrastructure12 needed for civilized13 work is virtually non-existent in those areas most in need of labor14 - Siberia, the Far East and in sparsely15 populated areas.
For the foreseeable future, the Russian economy is likely to rely on energy exports and the global price of oil. Deputy Prime Minister Igor Sechin told the Saint Petersburg Forum that $75 per barrel is a fair price, but warned it could hit $150 dollars within three years if investments are not made to increase production.
1 corruption | |
n.腐败,堕落,贪污 | |
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2 hampering | |
妨碍,束缚,限制( hamper的现在分词 ) | |
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3 modernization | |
n.现代化,现代化的事物 | |
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4 forum | |
n.论坛,讨论会 | |
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5 motives | |
n.动机,目的( motive的名词复数 ) | |
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6 arena | |
n.竞技场,运动场所;竞争场所,舞台 | |
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7 simultaneously | |
adv.同时发生地,同时进行地 | |
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8 relatively | |
adv.比较...地,相对地 | |
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9 mired | |
abbr.microreciprocal degree 迈尔德(色温单位)v.深陷( mire的过去式和过去分词 ) | |
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10 diversification | |
n.变化,多样化;多种经营 | |
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11 mobility | |
n.可动性,变动性,情感不定 | |
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12 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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13 civilized | |
a.有教养的,文雅的 | |
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14 labor | |
n.劳动,努力,工作,劳工;分娩;vi.劳动,努力,苦干;vt.详细分析;麻烦 | |
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15 sparsely | |
adv.稀疏地;稀少地;不足地;贫乏地 | |
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