Russian business is not ready for modernization. The owner wants to get maximum profit. He is not ready to introduce any improvements (as this is enormous amount of money).

Having such quantity of the population and such area, we can live only as an empire. This does not mean that Russia needs a monarchy — we can have any power, the most democratic, but the strategy should have an imperial character.

The policy, known as “inflation tracking” implies complete freedom of the exchange rate, however the Central bank has always declared its desire to exercise regulation and control.

Ecuador is located on the equator, and we are more acutely than anyone else feeling terrible phenomena occurring in the nature — hard changes of climate, floods, volcanic eruptions, extinction of some species. If in the nearest future destructive trends continue, nothing will remain for our children and grandchildren.

In the nearest 15 years up to 130 nuclear units could come into operation, from 40 to 80 of which — in Asia, with 15 reactors already under construction. The share of nuclear power in the world energy balance may rise up to 30%.

As the root causes of terrorism as a phenomenon can not be completely eliminated in the short term, the risk of this category gets a very substantial weight in the emerging models of the catastrophe insurance.

The reason for stable continuous movements of the equilibrium real exchange rate can be differences in growth rates of technological changes in commercial and non-trade sectors of the economy.

Opening remarks.

Opening Remarks.

Newton or Faraday were creating new knowledge not to sell them or to get rich. Today it is rather about the economy of innovations. In other words, we do not produce knowledge, but innovations that are sold.