Staunton, Jan. 25 – Those who predicting that the Russian economy will collapse are going to be disappointed because in purely quantitative terms, any decline is likely to be small or even reverse because of military spending and import substitution, Natalya Zubarevich says. But what is happening and will continue to happen is a qualitative decay in production.
Such decay is not captured in official statistics about GDP size and so can easily be denied by officials and propagandists, the economic geographer at Moscow State University says; but it matters enormously to Russians who no longer have the choices they had just a year ago (newizv.ru/news/2023-01-25/natalya-zubarevich-obvala-ekonomiki-ne-budet-budet-rost-tehnologicheskoy-otstalosti-394938).
Everyone needs to understand that what is going on is “a growth in technological backwardness rather than any collapse; but step by step, there is an ongoing transformation of the Russian economy into a less technologically developed one. That is what awaits us, Zubarevich says.