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Sanctions by the WTO Member Countries as a Catalyst for the Development of a Competitive Import Substitution by Domestic Enterprises

Author

Listed:
  • Evgeneya SAMARINA

    (Ufa State University of Economics and Service Russia)

  • Anastasia PETROVA

    (Ufa State University of Economics and Service Russia)

  • Natalia BLAZHENKOVA

    (Ufa State University of Economics and Service Russia)

  • Gulmariam AZNABAEVA

    (Ufa State University of Economics and Service Russia)

Abstract

The article analyzes the economic and geopolitical situation prevailing in the world at the present stage of development Imposition of sanctions by the European Union member states against the Russian Federation which are in total disregard of the norms of the World Trade Organization is nothing other than a sign of weakness in the face of a rapidly developing country aspiring to dominate and become the undisputed reference point for the entire international community The authors conclude that a violation of the established norms by the World Trade Organization member countries did not result in the negative effects for the economy of our country expected by Western partners on the contrary it was an incentive to activate the latent reserves of domestic business entities to implement competitive import substitution

Suggested Citation

  • Evgeneya SAMARINA & Anastasia PETROVA & Natalia BLAZHENKOVA & Gulmariam AZNABAEVA, 2015. "Sanctions by the WTO Member Countries as a Catalyst for the Development of a Competitive Import Substitution by Domestic Enterprises," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 6(4), pages 775-784.
    • Handle: RePEc:srs:jarle0:v:6:y:2015:i:4:p:775-784
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