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Russia's accession to the WTO as an important factor of the country's integration into the world economy
[journal article]
Abstract Russia's accession to the WTO is an efficient
instrument of the country's integration
into the globalized world economy. However,
it can adversely affect a number of enterprises
and industries within the national
economy. Thus, there is a need to develop a
methodology for the assessment of the... view more
Russia's accession to the WTO is an efficient
instrument of the country's integration
into the globalized world economy. However,
it can adversely affect a number of enterprises
and industries within the national
economy. Thus, there is a need to develop a
methodology for the assessment of the preparedness
for operating under WTO membership
conditions, which can be practically applied
in the development of measures aimed
at increasing the competitiveness of economic
entities. This determines the objective of the
research. This article offers the author's assessment
of the reasonability of Russia's accession
to the WTO and suggests methodological
approaches to the assessment of preparedness
of the constituent entities of the
Russian Federation for functioning in the new
economic conditions based on the algorithm
of choosing a system of indicators, as well as
the organisation of enterprise monitoring according
to this system, which makes it possible
to formulate rational administrative decisions
in order to minimise the adverse effects
of Russia's accession to the WTO. The major
result of the research is the conclusion that,
although the objective of identifying the start
position of the constituent entities before the
accession to the WTO and its possible implications
is quite difficult to attain, it is both
theoretically and practically feasible.... view less
Keywords
WTO; world economy; Russia; economic integration; foreign investment; international economics
Classification
Economic Policy
Document language
English
Publication Year
2011
Page/Pages
p. 56-63
Journal
Baltic Region (2011) 4
ISSN
2079-8555
Status
Published Version; peer reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works