featured at JRL 2011-88-33
Business Moves Beyond Moscow
Darrell Stanaford - Moscow Times - May 18, 2011
Darrell Stanaford is managing director for CB Richard Ellis in Russia.
In a Moscow Times commentary, business leader Darrell Stanaford argues, "... companies should not wait for Russia to modernize before they take the plunge into the regions. It's their plunge that will accelerate the modernization of Russia."
Stanaford examines Moscow's historic role as holding lion's share of investment and development in Russia, with 90% ending up in Moscow in 2010. But with limits on Moscow infrastructure, high costs and changing priorities, business now is exploring more beyond Moscow.
Stanford predicts a decade of reduction in labor migration from the regions, and more modern economic expansion more evenly across regions by 2020, ironically enhancing quality of life in Moscow.
This process, he argues, is natural and has been seen elsewhere. In Russia, IT is helping to pave the way.
The key is quality workers, especially from key institutes. Client location also is key. And some business functions need not be at a main location.
Read more at http://www.themoscowtimes.com/opinion/article/business-moves-beyond-moscow/437000.html
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