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Russia's Integration into the World Economy: An Interjurisdictional Competition View

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  • Alexander Libman

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    Abstract

    The aim of the paper is to analyze the problems of Russia´s integration into the world economy from the point of view of the theory of interjurisdictional competition. It argues, that huge exit-effects in the Russian economy do not lead to increasing quality of institutions and economic policies. In order to explain this situation, the paper focuses on the demand and supply sides of the market for institutions and public policies. Their behavior patterns contribute to the stabilization of the inefficient equilibrium. From the normative point of view, the result of the paper is that Russia´s integration into the world economy can succeed, only if the political institutions are transformed and centers of private economic power are weakened.

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    File URL: http://eiiw.eu/fileadmin/eiiw/Daten/Publikationen/Gelbe_Reihe/disbei_134.pdf
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    Bibliographic Info

    Paper provided by Universitätsbibliothek Wuppertal, University Library in its series EIIW Discussion paper with number disbei134.

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    Length: 34 Pages
    Date of creation: Jun 2005
    Date of revision:
    Handle: RePEc:bwu:eiiwdp:disbei134

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    Web page: http://elpub.bib.uni-wuppertal.de

    Related research

    Keywords: Economic integration; Russia; interjurisdictional competition;

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    1. Sonin, Konstantin, 2003. "Why the rich may favor poor protection of property rights," Journal of Comparative Economics, Elsevier, vol. 31(4), pages 715-731, December.
    2. Marek Dabrowski & Radzislawa Gortat, 2002. "Political Determinants of Economic Reforms in Former Communist Countries," CASE Network Studies and Analyses 0242, CASE-Center for Social and Economic Research.
    3. Baer, Werner & Cavalcanti, Tiago & Silva, Peri, 2002. "Economic integration without policy coordination: the case of Mercosur," Emerging Markets Review, Elsevier, vol. 3(3), pages 269-291, September.
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