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Vladimir Mau delivered a First-Day RANEPA Summer Campus 2017 lecture

10 July2017
Vladimir Mau delivered a First-Day RANEPA Summer Campus 2017 lecture

On July 9, rector of RANEPA Vladimir Mau delivered a lecture on Technological Challenges for Economic Policy in front of the participants of RANEPA Summer Campus.

Before starting his lecture Vladimir Mau congratulated all the present students on the beginning of their work-intensive activity on RANEPA Summer Campus. He told what kinds of socio-economic consequences are being caused by global technological transformations in the present-day world. These changes occur in different areas: in modern technologies, in economic, social and political spheres.

The lecturer highlighted the fundamental scientific and technological trends seen at the heart of social, economic and political transformations. These changes create new conditions for the significantly increased competition; at the same time factors having a decisive effect on the competition have also changed.

One of such trends influencing the competition is the deep market transformation. It is impossible to accurately predict what professions will be in demand in the future; but there is no doubt that some of the professions existing nowadays will cease to exist. Another trend consists in the fact that natural resources and salary are no longer considered to be the main factors for increasing competitiveness and attracting investments. They give place to innovation technologies and demand for goods.

In addition, Vladimir Mau singled out another trend - the pessimistic and optimistic views on technologies. Those ones who share a pessimistic view think that technological development will eventually lead to total unemployment, as well as to social and political disruptions. Those ones who share an optimistic view believe that technological progress will conversely resolve these problems, as with the advent of a new sphere or a branch new demands appear, particularly the demand in human resources.

In the course of the lecture participants of RANEPA Summer Campus asked Vladimir Mau a lot of interesting and serious questions.  For example, when asked about connections between economic growth and growth in prosperity, Vladimir Mau responded that it is impossible to unmistakably tell if the growth of one indicator leads to the increase in another one. With technological development that allows to get cheaper and better quality goods and services, the decrease in GDP is taking place.

For example, when buying a gadget a user no longer needs a lot of services, such as catching a cab or printing a paperback. One gadget combines multiple functions – TV, radio, telephone, a book. Thus, GDP is decreasing, but level of prosperity grows as using services on principal to principal basis is much cheaper and more convenient. 'We cannot say that the GDP rate is a comprehensive indicator, and moreover, there is no universal indicator that would measure the happiness of people or the level of economic development,' Vladimir Mau summarized.

 

 

Official site of RANEPA Summer Campus

The organizers of the Summer Campus of the Presidential Academy are the Russian Presidential Academy of National Economy and Public Administration, the Government of the Republic of Tatarstan, the Association of Innovative Regions of Russia, with the support of the Group of Companies ACIG.

General information partner: Forbes. Strategic information partner: TASS. Main information partners: Lenta.Ru. Leading information partner – Polit.ru. Chief regional information partner: Realnoe Vremya (Real Time). Regional information partner: Business Internet portal TatCenter.ru. Information partner in the Republic of Tatarstan – News Agency “Tatar-inform”. Information partners of the Campus: STRBC Tatarstan, Rossiyskaya Gazeta, Radio Svoboda, Expert Tatarstan, magazine Strategy, information and analytical portal Polit.ru, KAZANFIRST and RosBusinessConsulting Tatarstan (RBC Tatarstan).

 

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