Window Dressing on State Corporate Reform
Source: http://www.robertamsterdam.com/2009/08/window_dressing_on_state_corporate_reform.htmPosted on Friday, August 7th, 2009 | In Market Commentary, Russia
From the Financial Times article on Dmitry Medvedev’s ordering of a probe into state-owned corporations.
The president has positioned himself as more liberal than his
predecessor, often vowing to cut red tape and limit Russia’s vast
bureaucracy in favour of boosting private business. But so far little
has been done.“Medvedev needs to look like he is doing something
about the protests,” said Roland Nash, chief strategist at Renaissance
Capital, the Moscow investment bank.Curbing the “massive inefficiencies across government and the state corporations would be a good place to start,” said Mr Nash.
But
he added that the probes could turn out be little more than window
dressing. “He has said a lot in the past with very little coming out of
it. We would need to see some proof before we can have faith in any big
change.”
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chief strategist, Investment Bank, Market Commentary, Moscow, president, Renaissance Capital, Roland Nash, Russia, Russia
 About Robert Amsterdam (http://www.robertamsterdam.com/)
Robert Amsterdam is a lawyer and an advocate for rule of law. His blog was created to express views which may stimulate debate and discussion on topics of international interest. Robert believes that we live in a world of unchallenged impunity, and he views his blog as merely a small attempt to shine a light on issues he views as important in countries with which he is engaged. He make no apologies or pretense of objectivity - he is merely stating his opinions. |
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