Vladimir Shlyomin

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    AvtoVAZ, the Russian automotive leader, has been restored to the government control. By that it was acknowledged that private business had failed in the key economic sector. Or rather the control model of this sector turned out to be ineffectual. It was built on protectionism, artificial restriction of competition and disregard to users’ interests. For a decade and a half that had passed since the privatization of VAZ, the biggest national automaker failed to produce a car meeting the up-to-date requirements. Because of that it started to rapidly lose its position. Whereas in 2002 its share in the home market was 63.1 % now it fell to 48.9 %.
    Specified measures had to be taken in order...

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