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The Changing Russian Economy

In: The Changing Nature of Doing Business in Transition Economies

Author

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  • Eiko Tomiyama

Abstract

A great number of transition economies around the world are interesting from the perspective of future trade opportunities. Japan is highly dependent on international trade due to its limited resources. This has led to a high level of concentration of multinational companies in relation to the size of the country. Exporting to emerging markets is common practice for a number of Japanese manufacturers. An emerging market is defined as a market that satisfies the following conditions: a rapid pace of economic development, implementation of government policies favoring economic liberalization and adoption of a free-market system (Arnold and Quelch, 1998). The principal impediments in emerging markets appear to be environmental uncertainties and the lack of strong legal frameworks, which have given rise to a significant increase in opportunism and rent-shifting. Emerging markets include transition economies such as Russia and the newly democratized post-communist nations such as China as well as many developing countries (Johansson, 2000).

Suggested Citation

  • Eiko Tomiyama, 2011. "The Changing Russian Economy," Palgrave Macmillan Books, in: Marin Marinov & Svetla Marinova (ed.), The Changing Nature of Doing Business in Transition Economies, chapter 8, pages 123-147, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-33701-5_8
    DOI: 10.1057/9780230337015_8
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    Cited by:

    1. Tokunaga, Masahiro & Suganuma, Keiko & Odagiri, Nami, 2018. "From Russia to Eurasia : Specific Features of the “Russosphere” from the Perspective of Business Activities of Japanese Firms," RRC Working Paper Series 77, Russian Research Center, Institute of Economic Research, Hitotsubashi University.

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