Robert E. Kelley thinks that, unless Putin makes some serious economic reforms, Russia will remain "a petro-state with nukes":
Russia isn’t a great power anymore. It’s not rising in any meaningful sense of that word in international relations theory. Its population is contracting at a startling rate. The average lifespan is declining. Alcoholism is a uniquely terrible scourge. Infrastructure is a mess. Its bureaucracy has scarcely budged in 20 years.
It has basically missed the globalization boat that has linked in the other BRICS to the US and western economies, and that has allowed them to export their way into the middle class. (Russia’s still not in the WTO, and who wants to invest there now?) It suffers from a terrible brain drain. Consider that those ‘mail-order’ Russian brides represent young, healthy, reasonably educated Russians so desperate to flee that they prefer shot-gun marriages to scarcely-known obese foreign guys, over staying in Putin-land.