Until a new model of growth is found, economic development will move slower than we would like, Russian President Dmitry Medvedev said on Wednesday in his speech at the World Economic Forum in Davos, Switzerland.
"The period of hyperactive development has led many people to be exposed to euphoria; however, the crisis sobered everyone up," Medvedev said. "But [we] only coped with a large part of its symptoms, with only a part [of them]. And until we find a new model of growth, economic development will be slower than we all would like it to be."
Russia like most other countries was severely hit by the global economic downturn.
"Today's civilization is technologically quite perfect, if we compare it with what it was some 100-200 years ago, but a natural anomaly, or technological errors are enough to bring entire regions to the brink of ecological disaster and separate continents from each other like in past centuries," Medvedev said.
Medvedev named as examples of natural disasters that hampered business, including the volcanic eruption in Iceland, the huge oil spill in the Gulf of Mexico, and cataclysmic floods and snowfall around the world that makes one think about "the fragility of human power on Earth."
DAVOS, January 26 (RIA Novosti)
