The Impact of Adopting Technologies on the Economic Growth in Russia

Kirill Shapovalov

Bachelor's thesis

Abstract:

Technology is becoming increasingly imperative to the success of all business companies, and to the overall national economic growth. The process of globalization is boosted by development in technology and the ability of firms and entrepreneurs to use technology effectively, efficiently, and rapidly. The technological gap between developed countries and emerging nations has narrowed down but still remains substantial. However, Russia with its immense resources do not lag behind. Russia is ranked the world's second largest natural gas, the third largest oil, and the sixth largest uranium and coal producer with 143.2 million inhabitants (Frisiani J et al., 2018, p. 65). The purpose of the thesis is to conduct an in-depth qualitative and quantitative research on the topic of economic growth of Russia through the impact of adopting innovative technologies from the early ages of communism to technological innovation. Through a series of research work, my goal is to investigate the relationship between Russia’s historical rate of adopting a new technology. Additionally, the argument is whether adopting the new technology would significantly affect a nation’s wealth. In this paper The Impact of Adopting Technologies on the Economic Growth in Russia, I will describe a current model of energy and its conversions in Russia as well social, technological, economic, environmental, political and value factors. I will also utilize the proper research from the paper An Exploration of Technology Diffusion written by Comin and Bart Hobijn that determined and clinically assessed the effects of technology adoption in various countries including Russia. Moreover, in my paper I will cover major, recent technologies stemming from transportation and vehicles to telecommunications and healthcare. Finally, by analyzing the above-mentioned relationships, the outcome of my paper will determine the mechanisms through which technology is adopted and used in Russia and its complex relation to economic aspects.

Keywords

sustainability, developed countries, renewable energy, sustainable tendencies, Russia

Language used: English

Date on which the thesis was submitted / produced: 7. 4. 2022

Thesis defence

• Supervisor: Ing. Ghaeth Fandi, Ph.D.
• Reader: Majd Khoudari

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme:
Economics and Management