Management Of Foreign Economic Relations Based On Structural Policy

Abstract

With the intensification of globalization and informatization processes, the development of foreign economic relations between countries intensified. The structure of interrelations of economies of different regions and countries is determined by a set of various factors and conditions. The growth of foreign exchange enhances the role of foreign economic activity management of business entities. Areas of specialization of the Russian economy reflect an imbalance in its structure, a discrepancy between the geographical position and economic possibilities of the country. Foreign trade activity is the most important factor in increasing the efficiency of the real sector of the region and the socio-economic development of the region largely depends on its structure. The policy of regulation of foreign trade should be based on self-development and self-regulation of the national economic system. Foreign trade activity is regulated in a certain way by the regional authorities in terms of developing the regional economy and increasing the competitiveness of the region and its economic independence. Freedom from Russias one-sided specialization is seen in the revival and diversification of its own export-oriented production. The paper analyzes the current state and conditions for the development of Russian foreign trade. The basis of the analysis revealed export-import features of the countrys foreign trade operations and the downward trend in Russias foreign trade turnover. The dependence of the structure of external relations on the structure of production in the country, as well as the insufficiency of strengthening the tendencies of import substitution within Russia, has been identified.