Abstract
Globalization as a process of expanding the interaction and mutual influence of countries and peoples, intensifying connections, and relationships between communities, manifests itself in the integration of international trade and investment activities. The influential international organization, the WTO, plays a very significant role in facilitating the freer movement of goods and services, capital and labor, which contributes to the weakening of protectionist tendencies. This makes it necessary to study the problem of interaction and security for the WTO member countries. The purpose of the study is to identify the advantages, possible risks, and scenarios for the Russian economy development in the context of Russia’s presence in the WTO. The methodological basis for the study of the interaction and security issues during Russia’s accession to the WTO was a set of general scientific and specific scientific methods – logical, concrete-historical, comparative, analysis method. The specificity of the research subject determined the use of conceptual and systematic approaches. Research result: the WTO problem zones have been identified, the elimination of which will ensure more effective regulation of foreign trade relations in the world market; competitive advantages, risks and expected consequences related to Russia’s obligations upon accession to the WTO in the sphere of economy, finance, taxation and customs relations are identified and analyzed; the sphere of integration relations in the post-Soviet space; the sphere of ensuring the country’s defense capability; the sphere of access and use of natural resources; scenarios of situation development for Russia in connection with the accession to the WTO are considered – catastrophic, optimistic and realistic; it is found that monitoring and rapid response to the current situation in the Russian economy will determine a more effective economic trajectory
Highlights
World Trade Organization, established in 1995 on the basis of the General agreement on tariffs and trade
Research result: the WTO problem zones have been identified, the elimination of which will ensure more effective regulation of foreign trade relations in the world market; competitive advantages, risks and expected consequences related to Russia's obligations upon accession to the WTO in the sphere of economy, finance, taxation and customs relations are identified and analyzed; the sphere of integration relations in the post-Soviet space; the sphere of ensuring the country's defense capability; the sphere of access and use of natural resources; scenarios of situation development for Russia in connection with the accession to the WTO are considered – catastrophic, optimistic and realistic; it is found that monitoring and rapid response to the current situation in the Russian economy will determine a more effective economic trajectory
The opinion of the World Bank experts is important, that at the first stage of accession to the WTO the inflow of affordable and high-quality imported products can lead to a decline in production at enterprises and increased unemployment. foreign direct investment in the future will increase the number of jobs, tax revenues and solvent demand of the population, which will be an additional incentive for the economy
Summary
Globalization as a process of expanding the interaction and mutual influence of countries and peoples, intensifying connections, and relationships between communities, manifests itself in the integration of international trade and investment activities. The influential international organization, the WTO, plays a very significant role in facilitating the freer movement of goods and services, capital and labor, which contributes to the weakening of protectionist tendencies This makes it necessary to study the problem of interaction and security for the WTO member countries. Research result: the WTO problem zones have been identified, the elimination of which will ensure more effective regulation of foreign trade relations in the world market; competitive advantages, risks and expected consequences related to Russia's obligations upon accession to the WTO in the sphere of economy, finance, taxation and customs relations are identified and analyzed; the sphere of integration relations in the post-Soviet space; the sphere of ensuring the country's defense capability; the sphere of access and use of natural resources; scenarios of situation development for Russia in connection with the accession to the WTO are considered – catastrophic, optimistic and realistic; it is found that monitoring and rapid response to the current situation in the Russian economy will determine a more effective economic trajectory.
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