Forbes.com: With the firm belief that, especially in Russia, past is prologue, the first and most important economic trend of 2007 was that nation's continued political and economic stability. This has made possible, and will continue to enable, reliable forecasts of economic trends, and has attracted a great deal of foreign investment in Russia.Such an ongoing process has also caused Russian entrepreneurs to maintain and increase their domestic investments, rather than invest abroad, as they did before. Moreover, it has resulted in job creation and stimulated economic growth, which is now approaching 8%.
Which indicators are proving the increasing stability and predictability of the Russian economy? First, there's the unprecedented rate of growth of foreign investment, which surged by a factor of 2.5 in 2007. None of the world's 15 leading national economies can compete with this achievement. Some $100 billion was invested in Russia from abroad over the last 12 months, an all-time record for any emerging market country and a milestone of great historical and psychological significance for Russian business.
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I personally think that it should belong to Asia.
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