Source Pravda.Ru

Gref urges investments in development of new technology

German Gref, Russia's minister of economic development and trade, called for investments in the development of new technology.

"If we do not want to lag behind other countries, we should invest more and more in the development of the innovation infrastructure," he said at a conference on competition and modernization of the Russian economy.

"Otherwise, we will be allotted the role of the world economy's largest assembly shop," the minister continued. "Such an approach does not suit us. Russia should become not only the hands but first of all, the brains of the world economy."

While 250 years ago agriculture accounted for 50% of the world economy, now it accounts for a mere 2-2.5%. Commodity production accounts for more than a half of the world economy. The share of services and innovative technologies is steadily growing. In 200-250 years the share of the industrial sector will be the same as the agriculture sector now and fewer people will be engaged in industry than they are now, explained Mr. Gref.

According to him, the Ministry of Industry and Energy, the Ministry of Science and Education and the Ministry of Economic Development and Trade will be engaged with the development of innovation infrastructure. "The three ministers will not get away from this," Mr. Gref concluded.

Comments
Turkey and USA take their relationship to breaking point
Russia starts Star Wars first. USA concerned and puzzled
Russia to build major naval base on the coast of Caspian Sea
US sanctions to kill Russian banks and sovereign debt?
US sanctions to kill Russian banks and sovereign debt?
The end of the theory of a Nobel Prize in chemistry?
US sanctions to kill Russian banks and sovereign debt?
Russia starts Star Wars first. USA concerned and puzzled
Russia starts Star Wars first. USA concerned and puzzled
US sanctions to kill Russian banks and sovereign debt?
Turkey and USA take their relationship to breaking point
Iran shows new ICBM that can evade radars
USA and Turkey: The elephant kicks the barking pug aside
Venezuela: Once again, interference from the USA in Latin America
Venezuelan President Maduro: USA fatally obsessed with Russia
Russian government prepares to get rid of US dollar in economy
Russia's long-range Bastion system follows USS Carney in Black Sea waters
Russian government prepares to get rid of US dollar in economy
Russian government prepares to get rid of US dollar in economy
Russian government prepares to get rid of US dollar in economy
Turkey desperately tries to rescue its national currency as it falls to all-time lows