IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Russia’s commercial policy, 2008–11: modernization, crisis, and the WTO accession

  • Darya Gerasimenko
Registered author(s):

    This paper examines the commercial policy of Russia during 2008–11, a time of global financial crisis which coincided with an announced Russian modernization programme. In 2008 Russia introduced a development strategy to limit its dependence on natural resources. However, the government relied heavily on this income for the planned modernization programme. The falling price of oil in 2008–9 led to a tightened government budget constraint. This situation induced Russia towards wider use of more traditional instruments of trade policy (such as tariff policy) as well as an import substitution strategy, the creation of the Customs Union, and a pause in the WTO accession process. Russia has been found by the Global Trade Alert (GTA) initiative to be one of the main users of protectionist policies since November 2008. With the oil price recovery, from September 2010 Russia had been back in the WTO accession process on revised terms and conditions. The WTO Ministerial Conference in Geneva approved the Accession Package of the Russian Federation on 16 December 2011. Copyright 2012, Oxford University Press.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://hdl.handle.net/10.1093/oxrep/grs004
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Oxford University Press in its journal Oxford Review Of Economic Policy.

    Volume (Year): 28 (2012)
    Issue (Month): 2 (SUMMER)
    Pages: 301-323

    as
    in new window

    Handle: RePEc:oup:oxford:v:28:y:2012:i:2:p:301-323
    Contact details of provider: Web page: http://oxrep.oupjournals.org/

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:oup:oxford:v:28:y:2012:i:2:p:301-323. 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: (Oxford University Press)

    or (Christopher F. Baum)

    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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.