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Russia In Wto: Myths And Reality

Author

Listed:
  • M. GORBAN'
  • S. GURIEV
  • K. YUDAEVA .

Abstract

Russia's accession to the World Trade Organization (WTO) will cause much deeper changes in the Russian economy than mere adjustments in import tariffs affecting only certain industries. Given such an impact, the reasons for accession and its implications must be viewed from a broader perspective. Authors look at the eight major arguments "pro" and "contra" accession from the point of view of how to increase the benefits of accession. The highest benefits from accession can be achieved only if Russia at the same time conducts structural reforms aimed at improving its investment climate and increasing mobility of the economy. Russia's main comparative advantage in the global economy is high education attainment. This comparative advantage depreciates quite fast, and the major policy goal at the moment is to increase mobility of the economy before it is completely lost.

Suggested Citation

  • M. Gorban' & S. Guriev & K. Yudaeva ., 2002. "Russia In Wto: Myths And Reality," Voprosy Ekonomiki, NP Voprosy Ekonomiki, vol. 2.
    • Handle: RePEc:nos:voprec:2002-2-4
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    Cited by:

    1. Robert M. Stern, 2002. "An Economic Perspective on Russia's Accession to the WTO," Working Papers 480, Research Seminar in International Economics, University of Michigan.

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