Russia’s economic future lies in small and medium sized businesses, especially if their technology initiatives are to succeed. When looking at the other countries in the BRIC acronym, one sees giants, but also developing domestic companies, the medium and small companies that form the foundation of all prospering companies. Look at these other countries and you’ll find the dynamism and diversity in China, technology in India, and everything from agriculture to homebuilding in Brazil. The Russian index is weighted heavily from energy with large financials and metals contributing as well. These have helped the index soar in recent years as commodity prices have exploded. Now though, the Russian market is growing but starting to lag behind the other countries in the BRIC. Its one thing to talk about the importance of small and medium sized businesses, it’s another to promote their growth through good government and legal reform.