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Economic security of regions in the context of Russia's WTO accession

Author

Listed:
  • Elena Avramenko

    (Ural Federal University named after the first President of Russia B. N. Yeltsin)

  • Sergey Kadochnikov
  • Tat'yana Lopatina

    (Ural Federal University named after the first President of Russia B. N. Yeltsin)

  • Irina Tyomkina

    (Ural Federal University named after the first President of Russia B. N. Yeltsin)

Abstract

This paper deals with economic security of Russian regions in the light of the country's entry into the World Trade Organization. Different approaches to defining regional economic security, an assessment of competitiveness of Russian regions in comparison with the regions of Europe on selected indicators of competitiveness are presented. The paper considers the determinants of competitiveness of the region through various theoretical concepts. Based on a review of empirical and theoretical literature, the tools and ways of increasing the economic security are identified: diversification of export basket in designated areas, encouraging the formation and development of industrial clusters, attraction of foreign investments that generate positive externalities and leading to increased competitiveness of domestic companies.

Suggested Citation

  • Elena Avramenko & Sergey Kadochnikov & Tat'yana Lopatina & Irina Tyomkina, 2012. "Economic security of regions in the context of Russia's WTO accession," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 186-196.
    • Handle: RePEc:ura:ecregj:v:1:y:2012:i:2:p:186-196
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