Bureaucracy Hinders Competitiveness

Government research shows that inefficient bureaucracy and bribes are doubling the markup on retail goods. Food could cost 15 percent less, communications could go down by 10 percent, and real estate could be 25 to 30 percent cheaper. The problem is bureaucracy and legalized corruption, government experts say. A group analyzing the competitive environment of Russia’s economy, as part of an update to the overall […]