Possible Consequences of Russia’s Accession to the WTO

Authors

  • Vladislav Stepanovich Zagashvili Tyumen State Oil and Gas University, Department of Economics

Keywords:

The World Trade Organization, Russia, economy, foreign trade

Abstract

Joining the WTO will bring with itself competitive stimulus in which the Russian economy is in great need. It meets requirements of national manufacturers, aspiring to expand their operations in the world market, and contradicts interests of those companies which are not aimed at gaining the markets of other countries, and, on the contrary, demand from the government to protect them from foreign competition. It is possible to agree that the influence of the accession to WTO will have a postponed effect on the national economy. Nevertheless, it will be, most likely, rather
notable and will stimulate the modernization of the Russian economy and will become a positive factor of its strategic development.

Author Biography

Vladislav Stepanovich Zagashvili, Tyumen State Oil and Gas University, Department of Economics

Doctor of Economics, Professor
Place of work, post: Tyumen State Oil and Gas University, Department of Economics, organization and management - docent

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Published

2024-02-08

How to Cite

Zagashvili, V. S. (2024). Possible Consequences of Russia’s Accession to the WTO. Russian Foreign Economic Journal, (1), 21–27. Retrieved from https://journal.vavt.ru/rfej/article/view/1694

Issue

Section

Россия и ВТО