Taming the Bear: The WTO after the Accession of Russia
In mid-December 2011 it was announced that the accession of the Russian Federation to the WTO had been agreed. The accession negotiations had taken 18 years. Russia is the last major economy whose international trade is not governed by WTO disciplines, and with its accession 97 percent of global trade will be subject to WTO rules. The Russian economy has not yet made the full transition to a modern market economy and, hence, it is not a good fit with the WTO, which emphasises trade liberalization and the rule of law. Three aspects of the Russian economy are particularly antipathetic to WTO disciplines: (1) the use of trade, particularly energy exports, to achieve political objectives; (2) corruption and weak legal institutions; (3) crony capitalism. The interaction of each of these with WTO commitments is explored. It is concluded that Russia has little interest in liberalizing its trade regime. Hence, the role Russia may play in the future direction of the WTO may not be supportive of the WTOâ€™s current long-term objectives.
Volume (Year): 13 (2012)
Issue (Month): 2 ()
|Contact details of provider:|| Postal: |
Phone: (306) 244-4800
Fax: (306) 244-7839
Web page: http://www.esteycentre.com/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ags:ecjilt:126671. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.