“McKinsey Quarterly” asserts that despite that the Chinese and Indian economies develop rapidly, their economy systems have strong barriers to growth.
At first sight India and China are very different: China’s main traits are a powerful banking sector and larger population while India’s strength is its equity market. Their financial systems also have different histories and evolutions. India’s financial and economic systems formed when they were still a  part of the British Empire. Their strong banking system is mostly due to Britain. China’s financial system formed in the second part of the twentieth  century when its government proclaimed a liberal course of economic development.
 

These two different countries with their differing economic systems have one common trait: a strong government sector that allows authorities to intervene in market evolution and influence the allocation of capital. As a result economy growth slows down. Chinese state-owned enterprises receive the lion’s share of investments in order to fulfill the plan of employment. The Indian government expends large sums for development of agriculture and the defrayal of the fiscal deficit.  In return private companies of both countries receive less investment and hold in the development. McKinsey suggests that China and India should create innovative financial systems that will increase efficiency and widen investment opportunities.
 

Different sources prove that Russia has a strong private sector and rich opportunities for investment; so many analysts suppose that this country is safe from crisis. Further development of the Russian economy may be reached by professional management, the growth of productivity and nonintervention of government. Russia has major potential of growth, especially in the IT sector that grew by nearly 20% in 2006. In absolute indexes Russian IT market yields to China and India in this industry. On the other hand, the IT sector, especially offshore outsourcing, grows rapidly. So in the nearest future Russia intends to occupy the deserved place in this sphere.