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Author: P. Naray Publisher: Springer ISBN: 0230596185 Category : Political Science Languages : en Pages : 206
Book Description
After an exploration of the experience gained by former central and eastern European countries in the General Agreement on Tariffs and Trade, Peter Naray gives an analysis of the Russian economic and social crisis and comes to the conclusion that this crisis is responsible for the delay of Russia's accession to the World Trade Organization (WTO). The author criticizes the approach taken in Russian reforms because the country's historical legacy (weak legal system, underdeveloped political and economic institutions etc.) was neglected. The book describes the steps made by Russia towards WTO membership underlining the present and expected difficulties. It warns against a fundamentalist approach by the members of the WTO which may result in Russia's isolation in political and economic matters which would represent a danger to the whole world.
Author: P. Naray Publisher: Springer ISBN: 0230596185 Category : Political Science Languages : en Pages : 206
Book Description
After an exploration of the experience gained by former central and eastern European countries in the General Agreement on Tariffs and Trade, Peter Naray gives an analysis of the Russian economic and social crisis and comes to the conclusion that this crisis is responsible for the delay of Russia's accession to the World Trade Organization (WTO). The author criticizes the approach taken in Russian reforms because the country's historical legacy (weak legal system, underdeveloped political and economic institutions etc.) was neglected. The book describes the steps made by Russia towards WTO membership underlining the present and expected difficulties. It warns against a fundamentalist approach by the members of the WTO which may result in Russia's isolation in political and economic matters which would represent a danger to the whole world.
Author: Anastasia Loginova Publisher: Routledge ISBN: 1317097890 Category : Political Science Languages : en Pages : 187
Book Description
What lessons can be learnt from the accession to the World Trade Organization (WTO) of Russia, China, and Ukraine? Were there any peculiarities in the adaptation of their economies to the rules and norms of the organisation, and what impact did it have on the world trade system? This detailed, systematic, and comparative analysis of the social and economic impact of the accession of these countries to the WTO addresses these questions, presenting an economic and legal analysis of the reasons and consequences of their joining the WTO. Comparative legal and economic methods are used to explore the social and economic causes and consequences of membership for post-communist states and to suggest ways in which new members can adapt to WTO standards. This work will be of interest to experts and students in the fields of economics, jurisprudence, and customs affairs.
Author: Sergey Kulik Publisher: McGill-Queen's Press - MQUP ISBN: 1928096794 Category : Business & Economics Languages : en Pages : 203
Book Description
Globalization proceeds apace, taking on new forms that impact global economic, financial and social processes. Interdependence is not simply strengthening the range of possibilities for national economies to participate in, and advantage of, these developments, but expanding the opportunities that are available to them. The question is how do states take advantage of these global developments. Russia is no exception. Although it actively participates in the globalization process, it is, however, confronting greater economic, technological, structural and institutional problems than other countries. At the same time, there is dwindling hope for favourable conditions to continue in global energy markets, which are crucial to the Russian economy. These problems exist alongside the risk that the widening gap between Russia and other economies in terms of economic performance and technological development and growth will continue. Russia now stands at the crossroads of either overcoming or exacerbating these current challenges. This choice dictates the current realities of pax economica. Moscow must, in the very near future, make meaningful, if not fundamental, decisions aimed at further opening its economy, improving its institutions, and strengthening its international ties. This task is made more difficult by Russia's weakening competitiveness and by its ambiguous position on the international division of labour. The old model of Russian development has been exhausted and a new one must be chosen. Russia's choice at this juncture will determine the future of its economic development for many years to come.
Author: Thomas Fox Rutherford Publisher: World Bank Publications ISBN: Category : Languages : en Pages : 83
Book Description
In this paper we develop a computable general equilibrium model of the regions of Russia to assess the impact of accession to the World Trade Organization (WTO) on the regions of Russia. We estimate that the average gain in welfare as a percentage of consumption for the whole country is 7.8 percent (or 4.3 percent of consumption); we estimate that three regions will gain considerably more: Northwest (11.2 percent), St. Petersburg (10.6 percent) and Far East (9.7 percent). We estimate that the Urals will gain only 6.2 percent of consumption, considerably less than the national average. The principal explanation in our central analysis for the differences across regions is the ability of the different regions to benefit from a reduction in barriers against foreign direct investment. The three regions with the largest welfare gains are clearly the regions with the estimated largest shares of multinational investment. But the Urals has attracted relatively little FDI in the service sectors. An additional reason for differences across regions is quantified in our sensitivity analysis: regions may gain more from WTO accession if they can succeed in creating a good investment climate.
Author: Harry G. Broadman Publisher: World Bank Publications ISBN: 9780821344064 Category : Business & Economics Languages : en Pages : 102
Book Description
Russia has manifested considerable interest in accession to the World Trade Organization (WTO). This volume contains four policy papers that focus on the most prominent topics during the ongoing WTO accession process: 1. the dispersion of Russia's tariff structure; 2. trade and investment in the service sectors; 3. the treatment of state trading enterprises; and 4. the policy regime governing foreign direct investment. Bringing the Russian Federation into the rules-based WTO system is an objective broadly shared by the world community. Accession to the WTO comes at a critical juncture for the Russian government to focus on many important policy issues to stimulate growth. As part of the process of making liberalization commitments, as required by the existing members of the WTO, accession provides an opportunity to lock in reforms.
Author: Sergei Sutyrin Publisher: Routledge ISBN: 0429874456 Category : Business & Economics Languages : en Pages : 318
Book Description
This book reveals the key trends in the modern Russian trade policy to provide a deeper understanding of the main challenges and barriers, possible paths and opportunities in its development. An international team of authors investigates specific factors influencing the Russian trade policy evolution; recent trends in Russia’s international trade development; and the impact of Russia’s participation in the World Trade Organization on the domestic economy. Particular attention is paid to regional integration processes that involve Russia and their outcomes; as well as challenges in the remaining and building commercial relations with Russia’s traditional and ‘new’ trade partners, taking into consideration those alienating the West and economic sanctions regimes. The analysis of key trends is combined with a special focus on selected industries and economic partners of Russia. The book contains a variety of case studies investigating the ways in which political and business actors adapt to the transformation of Russian trade policy, how Russia participates in the WTO dispute settlement mechanism, and what the driving forces and outputs are for the national economic agents. Finally, the authors consider what the reasonable expectations might be regarding the future prospects of Russian trade policy. The book presents a unique, comprehensive and multidimensional analysis of modern Russian trade policy. Filling an important gap in the existing literature, this book will be of value to all those interested in Russia’s economic development path.
Author: Andrew Kuchins Publisher: CSIS ISBN: 9780892065479 Category : Business & Economics Languages : en Pages : 32
Book Description
In this paper, the authors assess how efforts to implement the Concept may affect Russia's ongoing integration into the global economy and, in particular, how trade and investment ties with Europe and the United States are envisioned to facilitate modernization and diversification of the Russian economy. The roles of the United States and Europe are also contrasted with those China and the Commonwealth of Independent States (CIS), the two other key vectors of Russian economic development to 2020.
Author: Oleg Dmitrievich Davydov Publisher: Fordham Univ Press ISBN: 9780823219681 Category : Business & Economics Languages : en Pages : 268
Book Description
It is almost two years since the publication of Oleg Davydov's significant study Inside Out: The Radical Transformation of Russian Foreign Trade, 1992-1997, and a lot has changed since then, including the August 1998 financial and banking crisis in Russia. Nevertheless, the views Davydov expressed in that book are still relevant, and many of the recommendations he made have been implemented, to good effect. This book, Liberalization of Russian Foreign Trade, takes up where the first left off. Here, Davydov teams up with Valeriy A. Oreshkin, and they systematize and explain the issues related to the formation of Russia's foreign trade policy. The transition from centrally planned economy to market economy has been difficult. The largest problem, of course, has been integrating Russia into the world economic community and learning how to do business with foreign counterparts and competitors. Another problem, of potentially overwhelming proportions, is the issue of Russia's foreign debts, and the authors investigate how the country might modernize its infrastructure and invest in its future despite the enormous foreign-debt repayments. Part of the solution, the authors believe, will come from foreign investments, yet Russian businesspeople must continue to convince foreign investors that investing in Russia is a good risk. However, given the rise of criminal activities in the foreign-trade arena, foreign investors are understandably hesitant. In the forseeable future, the creation of internal and external conditions for a more complete integration of Russia into the world economy will remain a top priority. But the key milestones to that greater goal are already in flux. In an objective and informed way, this book provides the best explanation available of how those milestones have changed, and how such changes may affect the future development of a competitive Russian economy.
Author: P. Naray
Author: P. Naray
Author: Ben Slay
Author: Anders Åslund
Author: Anastasia Loginova
Author: Sergey Kulik
Author: Thomas Fox Rutherford
Author: Harry G. Broadman
Author: Sergei Sutyrin
Author: Andrew Kuchins
Author: Oleg Dmitrievich Davydov