International division of labor and contemporary Russia

Authors

  • Vadim Borisovich Buglay MGIMO University of the Foreign Ministry of the RF

Keywords:

BRIC countries export, Russian export, energy resources, manufactured goods

Abstract

Russia identifies itself as a member of BRIC group countries. Its economic development is based on exports of energy resources.
Thus Russia diff ers from other BRIC countries that specialize on exports of manufactured goods. This results in unstable economic growth depending on oil prices. To improve the situation Russia must develop new spheres of international division of labor.

Author Biography

Vadim Borisovich Buglay, MGIMO University of the Foreign Ministry of the RF

Doctor of Economics

full professor

Work place, position: MGIMO University of the Foreign Ministry of the RF, Department of International Economic Relations and Foreign Economic Ties, professor

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Published

2024-02-08

How to Cite

Buglay, V. B. (2024). International division of labor and contemporary Russia. Russian Foreign Economic Journal, (9), 15–23. Retrieved from https://journal.vavt.ru/rfej/article/view/1775

Issue

No. 9 (2012)

Section

Foreign economic relations