The Key Factors, Determining the Industrial Development of Russia under the Conditions of Membership in the WTO

Abstract

Abstract The modern economy is developing under the influence of a number of trends. One of the key trends is globalization. It is not only essential content. It consists in the formation of a single world economic space. Globalization also has the legal consolidation. In the framework of international organizations is the formation of a unified global institutional rules regulating economic activity. One such organization is the World Trade Organization (WTO). Russia is a member of this organization. Accession to the WTO changed the composition of the factors influencing the development of Russian industry. The article analyzes the impact of the fact of WTO membership on the industry in Russia. Consider these areas influence the WTO industrial production, as a change in the competitive situation in the market, restrictions in the use of previously used instruments of state support of the industry, the liberalization of cross-border movement of financial resources, the availability of credit for industry and others. It is concluded that the need to adjust strategies for the development of industrial enterprises and state industrial policy in Russia. In the new environment industry in Russia on world markets should move from competition through lower prices to compete by introducing new technologies and improving product quality.