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Post-communist era development of a Russian middle class

In 2001 it was an estimated 10%. As of 2008, it comprises maybe 20 and 25 percent of the country's population

ikea russia is (was) responsible for 10% of Ikea’s total volume sales and symbolic of the rise of Russian consumerism - but corruption in Russia has prompted even the reclusive Ikea owner Ingvar Kamprad to state they were halting all investment in Russia - [1]

Russia from Singaporean Context

27 September - Russia-Singapore Business Forum

SM Goh Chok Tong: "Russia is strong in innovation and technology, while Singapore has good networks and experience in Asia. Russian technology companies can partner Singapore companies to penetrate markets in Southeast Asia, China and India," he said, adding that these partnerships will enable both parties to take on business opportunities and better manage commercial risks in international markets."

MM Lee speaking at the Singapore-Russia Business Forum, giving his take on what Russia needs to do to secure its future "Yes you have top engineers, top scientists, top researchers, grand chess masters, but your middle layer and your bottom layer is not so well maximised, (regarding) their potential. One way to go forward is through education - something which Singapore has learnt to do through an education system that is modelled after the German and the Japanese systems. We studied this with Germans and the Japanese. They have the best two educational systems for primary schools and secondary schools. By Pri 3, third year, the Japanese knows which students are good for what, Mathematics, Science, Art, Drawings, Sports, Music and then they develop those talents so you don't all go through the same sausage machine. After six years, you divide into specialities. Not everybody can be a rocket scientist but the world needs musicians, sports trainers, PT instructors in schools, teachers, language specialists and so on.

On the need to develop infrastructure in Russia: "You'll see in China, they are building 30 to 40,000 kilometres of expressways, 20, 30,000 kilometres of high speed rails, so the country is being connected, people are travelling and when people travel, a whole corridor develops."

CNA: "Singapore's investment in Russia also continues to grow, in areas such as retail and info communications technology. Russia's economy is expected to grow 3.9 to 4.5 per cent in the second half of 2009 despite the economic downturn

See Also