Russia's Challenges as Chair of the G-8
Russia's chairmanship of the G-8 raises questions about its fitness for the task. While it is certainly a market economy, Russia can no longer lay claims to being even semidemocratic. The G-8 should not be swept up in a celebration of Putin's authoritarian power during the St. Petersburg summit. While there are pitfalls, the G-8 can still accomplish important work if the democratic members work together. These members should convene a mini-summit in a Baltic capital such as Vilnius on their way to St. Petersburg to express support for democracy in Russia and for the sovereignty of the former Soviet republics. They could also address traditional G-7 topics in which Russia has no competence, especially by adding a strong political push to the Doha Round, which cannot be expected from Russia, as it is not yet even a member of the World Trade Organization. The G-8 can also usefully revive the Energy Charter, designed to increase energy security and rational use of energy, and expand its membership to include other large economies, such as China and India.
|Date of creation:||Mar 2006|
|Contact details of provider:|| Postal: 1750 Massachusetts Avenue, NW, Washington, DC 20036-1903|
Web page: http://www.piie.com
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Edwin M. Truman, 2005. "Postponing Global Adjustment: An Analysis of the Pending Adjustment of Global Imbalances," Working Paper Series WP05-6, Peterson Institute for International Economics.
When requesting a correction, please mention this item's handle: RePEc:iie:pbrief:pb06-3. 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: (Peterson Institute webmaster)
If references are entirely missing, you can add them using this form.