scholarly journals Ten Years Ago, the World Trade Organization Opened Its Doors to Russia

2021 ◽  
Vol 16 (3) ◽  
pp. 220-237
Author(s):  
Alexey Portanskiy ◽  
◽  
Evgeniy Galchenko ◽  
◽  
Keyword(s):  
World Trade Organization ◽  
Russian Federation ◽  
World Trade ◽  
World Economy ◽  
Raw Materials ◽  
Negotiation Process ◽  
Russian Economy ◽  
The World ◽  
The Russian Federation ◽  
Modern Services

This article begins with a brief discussion of the background of the USSR/Russia rapprochement with the General Agreement on Tariffs and Trade/World Trade Organization (GATT/WTO) and some of the acute problems of the negotiation process. It is argued that the Russian Federation has received acceptable, balanced conditions of membership. The advantages gained during the first years of WTO membership are listed, both for the national economy and in the foreign arena. However, it is shown that, 10 years later, the benefits of membership are significantly lower in comparison with initial projections. This gap is attributed to the state of the Russian economy and the extinction of the continuing economic model based on the extraction and export of raw materials. The Russian economy needs real structural reforms and modernization, which would change the structure of exports in favour of finished products and modern services. Only in this case can the benefits of WTO membership increase significantly, justifying the original forecast. The article concludes with a discussion of current challenges in the world economy and trade, the crisis experienced by the WTO, and the active position of the Russian Federation on the future reform of the WTO.

Accession of the Russian Federation to the World Trade Organization: A New Player Joins the Trade Game

2015 ◽  
Vol 40 (3-4) ◽  
pp. 321-365
Author(s):  
Kim Van der Borght
Keyword(s):  
World Trade Organization ◽  
Russian Federation ◽  
World Trade ◽  
Dual Process ◽  
Economic Sectors ◽  
Political Obligations ◽  
The World ◽  
Border Dispute ◽  
Accession Process ◽  
The Russian Federation

To date, no country has taken longer to join the World Trade Organization than the Russian Federation despite the fact that the ussr (of which the Russian Federation is the legal successor) participated in the drafting conference of the Charter to the International Trade Organization, i.e., the original source of the rules of the General Agreement on Tariffs and Trade and the later wto. While the ussr never joined the ito, Russia finally joined the wto in 2012, eighteen years after its first application had been made. The reasons for the lengthy accession process were partially economic, as the wto was established to remove trade impediments; however, the context also was highly politicized. The economic aspects of the wto accession process are the concessions made to existing members. These entail removing the cover offered to domestic producers by opening up to international competition. This process also has political aspects, as domestic lobbies representing economic sectors likely to suffer from an increasingly competitive international environment seek compensation. The politicization is facilitated by a custom contra legem in wto decision-making procedures that gives a de facto veto to existing members. Georgia used this to reassert its position on South Osetiia and Abkhaziia. China brought a border dispute into the process, and the us entangled the process in a broad-ranging debate linked to human rights. In joining the wto, a dual process of domestic and international negotiations results in the final package of commitments to which an acceding member needs to agree as it joins the wto. Part of our focus in this article will be on key economic and political obligations that the Russian Federation took upon itself by becoming a member of the wto.

Was the Way Really Long?

2012 ◽  
pp. 70-73
Author(s):  
S. Sutyrin
Keyword(s):  
Foreign Trade ◽  
World Trade Organization ◽  
Russian Federation ◽  
World Trade ◽  
Regulatory Environment ◽  
Summer Period ◽  
Reasonable Time ◽  
Trade Regime ◽  
The World ◽  
The Russian Federation

18 years summer period of negotiations on the Russian Federation joining the World Trade Organization doesn't look like something extraordinary. It is clear that there exist not any rigid, objective criteria for a candidate to match. Actually, an applicant may rather quickly become a WTO member merely having agreed to implement all required changes relating to foreign trade regime and corresponding regulatory environment within a reasonable time. In case of Russia the purpose of negotiations was to assure accession conditions acceptable for the country. The results are to be estimated in the nearest future.

ASSESSMENT OF THE MAIN INDICATORS OF FINANCIAL SECURITY OF THE RUSSIAN FEDERATION

2021 ◽  
Vol 1 (9) ◽  
pp. 15-20
Author(s):  
L. V. AGARKOVA ◽  
◽  
V. V. AGARKOV ◽  
M. G. RUSETSKY ◽  
◽  
...  
Keyword(s):  
National Security ◽  
Russian Federation ◽  
World Economy ◽  
The State ◽  
Financial Security ◽  
Negative Consequences ◽  
Special Significance ◽  
The World ◽  
The Russian Federation

In the context of the globalization of the world economy, the issue of ensuring the financial security of the state is a condition of its national security and acquires special significance. The article examines the indicators of financial security, establishes a system of precursors - indicators of the financial security of the state, allowing to predict the onset of negative consequences. the main indicators of the financial security of the Russian Federation were assessed.

Key problems of increasing Russia’s rating in the world economy

2022 ◽  
pp. 4-21
Author(s):  
Aleksei Vasilyevich Tebekin ◽  
Keyword(s):  
Social Development ◽  
Russian Federation ◽  
Political Development ◽  
World Economy ◽  
International Competitiveness ◽  
Average Level ◽  
Global Development ◽  
Low Level ◽  
The World ◽  
The Russian Federation

The article presents the results of a comprehensive analysis of the key problems that prevent Russia from raising the rating in the world economy, affecting the problem of the Russian Federation joining the five largest economies in the world. When studying the problems of increasing Russia’s ranking in the world economy, based on data from the Humanitarian Portal, estimates were made of the relative (in world comparison) level of development of the Russian Federation in terms of demographic development, social development, institutional development, political development, economic development, scientific and technological development, communication development, reputation development, global development. A distinctive feature of the studies presented is the reliance not on the country’s rating itself in the international comparison system, but on the relative assessment of this rating, taking into account the total number of countries covered by the corresponding rating. The analysis of the relative ratings of the international competitiveness of the Russian Federation was carried out using the desirability function H. D. Harrington (also known as the universal verbal-numerical scale), which allows you to translate relative quantitative assessments into qualitative ones. Based on the analysis, it is shown that at present Russia does not have objective prerequisites for joining the fi ve largest economies in the world, since the Russian Federation does not have a very high level of assessment according to the Harrington method according to none of the groups of indicators of international competitiveness. Most of the assessment groups (level of demographic, social, institutional, economic and social development) have an average level. A number of assessment groups (the level of scientifi c and technical, reputation and global development) have an average level. And the group for assessing the level of political development has a low level. Analysis of the structure of «pain points» of international competitiveness of the Russian Federation, corresponding to a very low level on the Harrington universal verbal-digital scale, showed that most of them are associated with problems of social development (suicide rate, level of quality of life, level of alcohol consumption, number of prisoners, level of happiness), indicating an insuffi cient level of motivation of the population for development.

Sovereignty and Developing Countries: Current Status and Future Prospects at the WTO

2009 ◽  
Vol 22 (2) ◽  
pp. 395-409
Author(s):  
HANS MAHNCKE
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
World Trade Organization ◽  
World Trade ◽  
World Economy ◽  
Current Status ◽  
Future Prospects ◽  
The Past ◽  
The World ◽  
Global Powers

Globalization, as evidenced in increased trade, economic development, and the emergence of new global powers, has meant that the world economy has undergone significant changes over the past two decades. The World Trade Organization (WTO) is more than a potent representation of these developments, it is often seen, along with its predecessor, the General Agreement on Tariffs and Trade (GATT), as having enabled the process of globalization. However, there are profound concerns about what lies ahead in an increasingly complex economic and regulatory setting, in particular for developing countries (DCs).

scholarly journals STRATEGIES FOR RETENTION GLOBAL LEADERSHIP OF SMALL HIGH-TECH COMPANIES IN NARROWLY FOCUSED MARKETS

2018 ◽  
Vol 4 (2) ◽  
pp. 115-126
Author(s):  
F. A. Kurakov
Keyword(s):  
Russian Federation ◽  
Food Packaging ◽  
Raw Materials ◽  
Global Market ◽  
High Tech ◽  
Strategic Objectives ◽  
World Markets ◽  
The World ◽  
The Russian Federation ◽  
The Right

In the absence of the development of exports of high-tech industries, the implementation of strategic tasks for the accelerated growth of the economy set by the Decree of the President of the Russian Federation “On national goals and strategic objectives of the development of the Russian Federation until 2024” of May 7, 2018 No. 240 is unlikely. According to most researchers, the main potentially possible commodity items in non-raw materials exports, which are in demand in the world markets, are the products of engineering, pharmaceutical industry, apparatus and devices used in medicine. Therefore, the right to participate in foreign economic activity is delegated, first of all, to large domestic companies. However, today Russia is a country with a large assortment of production of simple products, which requires building a systematic approach in the formation of both economic policy in general and export in particular in the direction of developing of non-resource industries that produce high-tech products. The analysis of the strategies for retaining the leading positions in narrow niche segments in the global market, analysis of the competitive and diversifying strategy of the German company Poly-clip System, which is the world’s leading producer of clipping systems and the world leader in the food packaging segment was performed.

scholarly journals Features of the budget and tax policy of the Russian Federation

2020 ◽  
Vol 210 ◽  
pp. 13021
Author(s):  
Sergey Kolchin ◽  
Nadezda Glubokova ◽  
Mikhail Gordienko ◽  
Galina Dyakova
Keyword(s):  
Russian Federation ◽  
Tax Policy ◽  
World Economy ◽  
Raw Materials ◽  
Tax Incentives ◽  
Social Programs ◽  
Foreign Exchange Reserves ◽  
National Welfare ◽  
The Russian Federation ◽  
Welfare Fund

The purpose of the article is to analyze the main directions of the budget and tax policy of the Russian Federation, which is particularly relevant in view of the expected recession of the world economy due to the epidemic caused by the coronavirus (COVID-19) and the fall in world prices for hydrocarbon raw materials. In these circumstances, it is necessary to adjust the budget and tax policy in order to maintain the full social obligations of the state. The study used systematic, institutional approaches and statistical methods. The main conclusions of the work are based on the need to implement measures in the field of tax incentives for small and medium-sized businesses, for which the crisis phenomena have the most disastrous impact, and to maintain the planned amounts of budget funding for social programs. In the presence of sufficient accumulated gold and foreign exchange reserves and funds of the National Welfare Fund, it is possible and necessary to respond adequately and promptly to the changing economic situation in order to smooth its consequences on the level of inflation, unemployment and the purchasing power of the national currency.

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