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Perspectives of Acceleration of the Rates of Economic Growth of Russia in the Context of Foreign Trade Cooperation with China

In: Foreign Trade as a Factor of Economic Growth

Author

Listed:
  • Elena G. Popkova

    (Volgograd State Technical University)

  • Yakov A. Sukhodolov

    (Baikal State University)

Abstract

This chapter determines the main directions for the modernization of the Russian economy in view of the Asian factor in developing foreign trade connections for the country, and offers measures of state regulation and support for the fulfilment of Russian economic interests in foreign trade cooperation with China. The authors view the key tendencies of the development of the global economy in the twenty-first century and the 2008 crisis, study the index of global competitiveness of the World Economic Forum and its main components for Russia and China, and determine a range of obvious problems for development of the Russian economy and an increase in the level of its national competitiveness. The authors offer suggestions for the direction that Russian foreign trade could take, including the development of cluster policy according to the “Concept of long-term socio-economic development of the Russian Federation until 2020” and the “Strategy of innovational development of the Russian Federation until 2020”. The authors determine potential threats that may arise owing to increasing cooperation with China and develop measures of state regulation and support for the accomplishment of Russian economic interests as foreign trade cooperation with China increases.

Suggested Citation

  • Elena G. Popkova & Yakov A. Sukhodolov, 2017. "Perspectives of Acceleration of the Rates of Economic Growth of Russia in the Context of Foreign Trade Cooperation with China," Contributions to Economics, in: Foreign Trade as a Factor of Economic Growth, chapter 0, pages 75-113, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-45985-1_5
    DOI: 10.1007/978-3-319-45985-1_5
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    Cited by:

    1. Popkova, Elena G. & Alekseev, Alexander N. & Lobova, Svetlana V. & Sergi, Bruno S., 2020. "The Theory of Innovation and Innovative Development. AI Scenarios in Russia," Technology in Society, Elsevier, vol. 63(C).

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