go to vtb and everything will work out. if you keep the path-road of intersections, you will meet a lot, in order to turn left, give way to another good fellow. mikai. if you see a zebra , skip it. if a traveler rides, on the right ledge to him by right the order, observe and live, live. the love that the artist gives to the viewer always comes back.

so marseille please, i beg to differ with alexander, after all, the fight against poverty is important, but growth is still needed if we look at the last there are just the last 10 years of favorable conditions. it was 1% annually, which is not enough, but more is needed and, accordingly, in the new conditions it will be even more difficult to achieve. i have a standard one. the macroeconomist's answer is that growth is the productivity of labor and

capital, respectively, how we use resources. and it seems to me that the russian economy has all the conditions, but there are problems with productivity and there are too. well , some more or less standard answers on how e improves performance first. i think it's all the same the economy should be open to the outside world there is now the temptation to go into closed, that is, into self-isolation, and this is absolutely impossible to do, because you still need to be in the global economy in the context of all world trends, and the second thing seems to me an important thing - this is about what is important from the point of view of economic policy admit your mistakes, that is, understand where the gaps were made and correct them. that is, there is such a, well, this chinese model, when you carefully step there, uh, on the pebbles, and it seems to me that this is what is missing. e, in ours in our context. well, and third, it seems to me that this is also a basic principle that all the same, market principles must be

preserved, that is, the distribution of resources with the help of the market is still more efficient than such a basic state model. yes, thanks, but we never answered the question until the same source. eh, height and what? this is a new socio-economic model, we believe that we have warmed up so far, and then i will propose to me now. hmm, the discussion will begin on certain sections, but i propose to discuss the most important sight. e is a thing that or a value that allows us to be optimistic about the coming decades as well. eh, realize that we have lived quite successfully for 30 years, having built the main institutions and after the uh constitution of december 1993, we practically lived according to this constitution, forming a new capitalist system for 30 years during this period, a lot has been done by our

economy in the social sphere. completely different condition. so we managed to do it. and what can be done even more relying, of course, on the most important factor. this is human capital for how prepared our people are, how people are ready to change quickly, how ready we are to change, perceiving new technologies, how ready we are to create these technologies and implement our lives. well, this applies to any sphere of life to be open to new things, and our people, of course, have this ability is very flexible, because we have experienced a lot of difficult events with you, including the end of the soviet union in 19991 and a very difficult first period. the formation of a new russia since the ninety third year. it's still fresh in my mind. maybe not for you because. you are a little younger than we are of his generation, however. here is what we have accumulated, where we are now.

and how much we can use and rely on human capital, bearing in mind that we are moving forward. incidentally, i agree that the fight against poverty in different manifestations. it can be economic growth and gdp growth or the well-being of an individual family. how do you not measure in any way this development. dokleenochek, by the way, it has become now popular enough. yesterday, by the way, elvirovsky in zadaullina spoke about this, that it is not necessary to put an assessment of growth at the forefront. eh, gdp should first of all look at how the well-being of the family changes against the backdrop of economic development. and if the gdp grows for the benefit of the state of seven does not change, then such a relative does not need, of course, uh, we both understand this, so we launched it. uh, special project. the index of quality of life in cities, and this index is dedicated to just this meter, but still, i ask, let's talk briefly, but about the most important thing. here in this new model, which

most likely is already appearing now, and it appears not only because we are going through a difficult stage with you, which began on february 24th. it appeared even before we entered the phase, e of the pandemic and this period lasts for several years, it will certainly be its acute phase. and this acute phase should. to give us strength is the main element. why are we confident in our power? these are our people our human capital eugene please start. thank you, you know i think human capital is the main achievement. the main dignity of our country. uh, moreover, uh, such creative people who give birth to the russian land, and in very few people on earth, believe me, and in china in america , they prefer to acquire brains. we prefer to give them away to the whole world. i think it’s time to end this, but you don’t know by force, but rather by creating incentives for the brains, first of all, by the way, those, not

only economists, financiers, there and so on, but above all engineering and technical the composition that we wildly need for the very deep processing that i spoke about earlier created the recreation of these industries. excuse me. that's what i remember when i was young. now distributed to the factory. machine tool plant. there are no such factories today. do you know that the machines that this plant produced were delivered to germany and japan, where are these engineering and technical personnel? we have an opportunity. find such people, we must now buy these people, in order to restore this industry. this is the first creation maximizing the incentive for people to stay here and creating the maximum incentive to squeeze in is our main focus. as a matter of fact , an additional opportunity is an investment in brains, as i have already said and finally. i would like to draw your attention to one more important thing. see. uh, you know that at any plant, the most important person who

comes, uh, to consult the general director of the plant, is the foreman. this is the person who now knows everything thoroughly screw. shpontik. we know it's destroyed. this system or almost ceased to exist professional technical cadres of professional technical education. we need to recreate it and make it really interesting for people to work. we were built in the world economy, but unfortunately. today we are dispersing and we need to make importoses. and this means that we need to recreate factories, and then we need them. these are the same people and invest in them, as i said, both engineering and technical staff and craftsmen. this is probably the most important and that's where you can invest money, and it will pay off. thank you. yes thank you. here i would also like to recall alexander auzan, who does a lot to promote knowledge about the economy of trust. and if we shift it, this is not human capital, then, of course, we must first learn to love and respect a person, and in this, our task is in addition to

developing qualification skills. we must respect each other, and therefore support each other, and then, of course, our opportunities will open up with renewed vigor, please. i would just like to mention this too. and it seems to me that we, well, if we talk about the market, yes, it has quantitative qualities and variables when we talk about quantity. eh, here again, returning to the same demographics. and this will be called for us in a certain sense. ah, but he has a simple and complex solution to this call. we are now even in such a difficult economic situation. uh, we're still in an economy where uh, the unemployment rate is 4%. this means that now we have a question before us. e the fact that there is a shortage in the labor market , that is, we have a small resource for the inclusion of unused labor. we are not an agrarian economy where you can bring people from the fields. yes, and we have passed this stage to train, and it is important for us now not to fall. it

seems to me back to this model some kind of outdated growth model, which was shown, for example, by the asian tigers and everyone wants to look at these examples, but here, it seems to me, it is dangerous to fall. uh, here's a model we do n't have that resource we don't have, uh resources to bring people from the fields or even from somewhere in the villages. and we need to build, uh, some new model, uh, and look where where we have will. eh, indeed. here is what is called the point of growth, and i believe that it is not worth building the past ; in general, knowledge industries, just returning to the topic. here. uh, the previous panel, here uh, it seems to me that the survey that was conducted at the beginning was very revealing and it was necessary to answer there. uh, how do we build? who is important? who is the most important, and in the economy of e talents, which there was an interesting slogan that we are moving to a talent economy, just these creative industry. here, too, we mean either

high-tech industries, and, uh, the majority voted for the option that we need people moderators who know how to sacrifice their own interests. it seems to me that this is completely contrary to the fact that in fact the younger generation, which will form this growth, perceives it as a talent, on the contrary. uh, a creative is a person who is not a moderator and does not sacrifice his own interests. at the same time, moderation for these people and for this generation, on which you need to bet, not to live in the past. uh, it can be carried out in the most open ways without additional participation, even for people it can be the same information platforms. all that's interesting, what's really interesting right now is what you're talking about, uh, the perception of the interaction of the community individual, how much he wants to look bright, separately. well, we just have to understand. what generation will build the growth, and it's not even good enough. we just discussed with colleagues that it's interesting that we are called young economists. uh, the median age. eh, a russian 37 years old. here is ours. this is

about our age, we are not so much young as average. yes, we must think about those generations that go on, in order to develop, accordingly, not the past future and not fall into the trap when developing here. following such a retrograde industrialization. we will find ourselves later, if we again fall into an open economy, we will find ourselves with non-competitive industries or some competitive technologies capable of capital, because when external restrictions end, and no matter what happens squeeze because we will competitors are not ready. today. this is very important. this is the thesis. -something not now we are shifting, but as for democracy? uh, our market is shrinking. uh, well, we have uh opportunities to lean on migration. and here, too, the options that two open gates leave us. in the meantime, russia can follow the extensive model.