Dean of the Faculty of Economics of Moscow University Ozan - in Russia you can only plan two years ahead: we are world champions in one sense. This is called uncertainty avoidance. We are afraid of the future. We are in first place, and next to us are Japan and France. It immediately becomes clear why. Look, Japan is the only country in the world that survived the atomic bomb. France experienced five revolutions. We too experienced five revolutions, if you count the unsuccessful revolutions of 1905. Five revolutions. Let's say that five revolutions are equal to one atomic bomb. They create a painful shock, they create fear of the future and a very short look into the future, because in our country we really think from top to bottom two years in advance, no more. But those in East Asia are making amazing breakthroughs over the next few decades. In 2011, we did a report specifically for the president on modernization in East Asia. They are very different. But the elites in all these countries had a 20-year horizon. 20! Naturally, if the problems are serious, and serious problems are not resolved within two years. They require maybe 10 years, maybe 12. And since we are beyond our horizon, we don't deal with them at all.

Dean of the Faculty of Economics of Moscow University Ozan - in Russia you can only plan two years ahead: we are world champions in one sense. This is called uncertainty avoidance. We are afraid of the future. We are in first place, and next to us are Japan and France. It immediately becomes clear why. Look, Japan is the only country in the world that survived the atomic bomb. France experienced five revolutions. We too experienced five revolutions, if you count the unsuccessful revolutions of 1905. Five revolutions. Let's say that five revolutions are equal to one atomic bomb. They create a painful shock, they create fear of the future and a very short look into the future, because in our country we really think from top to bottom two years in advance, no more. But those in East Asia are making amazing breakthroughs over the next few decades. In 2011, we did a report specifically for the president on modernization in East Asia. They are very different. But the elites in all these countries had a 20-year horizon. 20! Naturally, if the problems are serious, and serious problems are not resolved within two years. They require maybe 10 years, maybe 12. And since we are beyond our horizon, we don't deal with them at all.