I think the political risks that revolve around Vladimir Putin’s actions are hard because you have to judge what is right and what is wrong. For other politicians, it’s hard because their decisions could very easily affect their entire country. I think it is the right move because we have to cripple the Russian economy as best, we possibly can. As a consumer, I would pay higher prices if ...
Russia presents opportunities. It’s a large economy, with a well-educated workforce. It probably has the largest quantity of inexpensive college graduates in the world. Corruption is a greater ...
Even so, experts predict Russia will continue to feel the effects of the crisis in the years ahead with economic contraction of between 7 and 8 percent expected in 2009 and only a modest growth in consecutive years. The global financial downturn has highlighted serious deficiencies in the economic policies of the Kremlin and the Russian economy ...
Jul 15, 2020 · Xi Jinping and Vladimir Putin are attempting to put economics at the center of their strategic partnership. “Economic cooperation and trade, as a key pillar of our relations, is crucial to the common development and revitalization of China and Russia,” Xi said during a visit to Moscow in June 2019. 1 “We enjoy an unprecedentedly high level of trust and cooperation,” …
RusBusinessNews was created to be an information resource promoting Russian regions with high industry potential that are attractive for international partners. The site has information on investment projects, profiles for each of the participating regions, contact information for trade commissions, and the latest business news.
The Chamber of Commerce and Industry of the Russian Federation (RF CCI) represents the interests of Russian entrepreneurs and enterprises in relation to government bodies and their commercial activity at home and abroad. The site provides information such as investment facts and the government contacts for doing business in Russia, and news and events for the chamber.
It covers topics relating to the Russian economy, industry-specific markets in Russia, foreign direct investment, and Russian legal and tax codes. The reports are written in-house by foreign investment professionals at Dezan Shira & Associates. All published materials are in English and are available for purchase on the site.
The Norwegian-Russian Chamber of Commerce (NRCC) is a non-profit organization with goals to stimulate and promote business relations between companies in Russia and Norway. The NRCC helps enhance the understanding of Norway and Russia's business culture while also promoting market developments.
Russian business directory, OpenRussia, includes buying and selling offers from Russian companies as well as information relating to customs clearance and the documents required for foreign trade activities. Business news and upcoming events are also listed on the site. The site is only available in Russian.
Russian Federal Space Agency open_in_new. The Russian Federal Space Agency (Roscosmos) is responsible for the administration of state space assets, as well as management of the international cooperation in joint space projects and programs, and the activities of rocket and space industry entities relating to military space technologies.
The U.S.-Russia Chamber of Commerce (USRCC) was created in 2009 to promote trade between the United States and Russia. Headquartered in Houston, Texas, the chamber hopes to build business relationships and opportunities between the two countries.
Business leadership in Russia is transitioning from people raised in the Soviet era to people raised post-Soviet. The change in attitudes affects many facets of the country and constitutes the best argument for opportunity in the country.
One high tech entrepreneur in Russia who also works globally thinks that the smart Russian programmers hesitate to locate their start-ups in Russia because intellectual property can easily be seized by politically-connected competitors. There are certainly tech companies in Russia.
The cost of labor in Russia is not cheap compared to many Asian countries, but it’s a bargain against any western European alternative. Russia’s unemployment rate is the lowest it has been in many years, and a little lower than the OECD average, but not nearly as low as in Japan.
Corruption is a greater business risk the more that a company is locked in to Russia through major capital expenditures or acquisition costs. For a company that can exit cheaply, corruption probably is a manageable concern. Follow me on Twitter or LinkedIn . Check out my website .
Professors told me, though, that the country’s second-tier universities were much weaker than in other countries. That is, the Russian equivalents of North Carolina State or the University of Oregon are much lower in quality than in other developed countries.
Although higher education is widespread, quality was questioned by some. The top students from across Russia go to the top universities in Moscow, and now increasingly to top schools around the world. Professors told me, though, that the country’s second-tier universities were much weaker than in other countries.
The communist era is not completely gone, but it’s certainly going away. One westerner who travels regularly to Russia told me, as an example, that the passport control officials used to be rude, but now are friendly and courteous. I told him that one surly official remained, based on my personal experience.
In the realm of security, U.S. policy toward Russia today broadly consists of contradictory tendencies toward engagement and containment. However these tendencies are also very relevant when considering the economic future of the Russian Federation. Never in its history has Russia been more prosperous or integrated into ...
Economic Change in Russia. The Russia and Eurasia Program offers analysis of rapid economic change in Russia and the consequences for U.S. policy. There is no aspect of contemporary Russia that has changed more rapidly and unexpectedly than its economic situation. When Vladimir Putin became President, Russia was effectively bankrupt as it owed more ...
When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world.
However, as the crisis deepened, it became apparent that Russia would not be exempt from the economic downturn. Frozen credit markets, rapidly declining energy prices, and significant investor pull-back began having an effect on the Russian economy.
In 2010, China surpassed Germany to become Russia’s largest single trading partner. To be clear, the European Union as a whole remains Russia’s largest partner, responsible for $260 billion (€232 billion) in trade in 2019, more than twice China ’s trade with Russia.
China’s yuan is more widely used than Russia’s ruble but is still used in less than two percent of payments globally. 18 Officials have also discussed linking China and Russia’s national payment systems for several years. Here again the imbalance between partners is evident.
In 2030, Xi and Putin will be 77 and 78 years old, respectively. If they remain in power, unexpected events could test their personal relationship.
1 “We enjoy an unprecedentedly high level of trust and cooperation,” Putin said several months later. “This is an allied relationship in the full sense of a multifaceted strategic partnership. This is reflected in the economy.” 2
Last year, bilateral trade nearly hit $110 billion, and Putin and Xi announced a new goal of $200 billion in trade by 2024. 4 Scratching the surface of these numbers reveals a picture that is less promising for Russia.
Russia, in contrast, only accounted for 0.8 percent of China’s total trade in 2018. 5 Russia’s largest export, energy, is strategically important, but as the trade relationship becomes even more lopsided, China stands to command more influence as a buyer than Russia does as a supplier.
U.S. allies, particularly those in Europe and Japan, have stronger economic incentives for engagement. Given those differences, the United States should work closely with its allies to ensure any economic incentives (and disincentives) are coordinated for maximum effect. 39.
Not many firms have these characteristics and, there are just a few of them that we can provide examples for. For example, Xerox. When it developed the photocopy machine in the 1970s, this was a big success.
This means you might concentrate production in a single place in order to exploit economies of scale. But, you might concentrate this production in a place in which production is cheap. Again, if you're in the raw materials industry, you cannot just move production.
Maybe one of the best examples of this is the case of the U.S. based corporation Caterpillar, which has produced construction equipment and farming equipment for a long time. Now, Caterpillar in the last decades has faced very strong competition from varied Asian producers.
In response to Russia’s ongoing violations of Ukraine’s sovereignty and territorial integrity, including Russia’s occupation and attempted annexation of Crimea, the United States has suspended bilateral engagement with the Russian government on most economic issues. The United States continues to investigate allegations of mistreatment of or discrimination against U.S. investors in Russia and to urge Russia to improve its investment climate, adherence to the rule of law, and transparency. In Russia, the U.S. Commercial Service continues to assist U.S. firms interested in developing market opportunities that do not violate sanctions.
Russia also takes part in a number of regional organizations including the Commonwealth of Independent States (CIS), the Eurasian Economic Community, the Collective Security Treaty Organization (CSTO), and the Shanghai Cooperation Organization (SCO).
The United States has sought to deter Russian aggression through the projection of strength and unity with U.S. allies and partners, and by building resilience and reducing vulnerability among allies and partners facing Russian pressure and coercion. The United States would like to move beyond the current low level of trust with Russia, ...
On December 6, 1917, President Woodrow Wilson instructed all American diplomatic representatives in Russia to refrain from any direct communication with representatives of the Bolshevik Government. Although diplomatic relations were never formally severed, the United States refused to recognize or have any formal relations with ...
Russia’s economy returned to modest growth starting in 2017, owing to a global rebound in oil prices. The economic slowdown due to the COVID-19 pandemic, combined with the drop in oil price resulting from the Russian-Saudi oil price war of early 2020 and a decrease in global demand, have pushed the Russian economy into another recession.
Although Russia is not a member of NATO, NATO suspended all practical civilian and military cooperation with Russia as a result of Russia’s 2014 actions in Ukraine; however, necessary political and military channels of communication between NATO and Russia remain open. Russia is a participating State in the Organization for Security ...
Global Governance Stalemate. Colin Bradford, Ralph Bryant, and Johannes Linn. Today’s global challenges-nuclear proliferation, the deadlock of global trade negotiations, the threat of pandemic flu, and the fight against global poverty-cannot be solved by yesterday’s international institutions.
Multinational corporations with operations that span the globe, and in some cases capacities and networks that match those of governments, have a particularly important role to play in helping to spread the opportunities and mitigating some of the risks of globalization. 8. Global Health Crises.
The rise of “emerging powers”-a group that usually includes the so-called BRICs (Brazil, Russia, India, and China), but which sometimes is applied more broadly to include South Africa, Mexico and others-is reshaping the global economy and, more gradually, international politics.
Energy and environmental security has emerged as the primary issue on the global agenda for 2007. Consensus has recently been forged on the potential for long-term economic, national security and societal damage from insecure energy supplies and environmental catastrophe, as well as the intense need for technological advances ...
While the United States concentrates on civil war in the Middle East, most leaders in the region are preoccupied with putting an outsized cohort of young people to work and on the road to becoming productive citizens.
In Washington, D.C., where short-term political wrangling too often crowds out the harder and more important long-term challenges, this inaugural publication of Brookings Global Economy and Development seeks to put the spotlight squarely back on the most consequential issues demanding action.
The beginning of 2007 offers a conflicting picture of the global economy for those trying to discern trends, challenges and opportunities. Concerns about energy security and climate sustainability are converging-finally bringing consensus in sight on the need for action in the United States, but prospects for breaking the global stalemate are still ...
Public policy toward economic integration is also, to an important extent, responsive to the tastes that people have regarding various aspects of such integration, as well as to the technologies that make integration possible.
However, emerging market countries that maintained more flexible exchange rate regimes—such as Singapore, Taiwan Province of China, South Africa, and Mexico (after 1995)—were generally better sheltered from the effect of recent financial crises.
And, public policy has often played a significant role in fostering innovation and investment in transportation and communication both to pursue the benefits of closer economic integration (within as well as across political boundaries) and for other reasons , such as national defense.
Since the travels of Marco Polo seven centuries ago, global economic integration—through trade, factor movements, and communication of economically useful knowledge and technology —has been on a generally rising trend. This process of globalization in the economic domain has not always proceeded smoothly.
The desire of people to take advantage of what they see as the benefits of closer economic integration— that is, the taste for the benefits of integration —is a key reason why it is profitable to make the innovations and investments that bring improvements in the technology of transportation and communication.
And, with the exception of human migration, global economic integration today is greater than it ever has been and is likely to deepen going forward. 1.