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2017 | OriginalPaper | Buchkapitel

5. Perspectives of Acceleration of the Rates of Economic Growth of Russia in the Context of Foreign Trade Cooperation with China

verfasst von : Elena G. Popkova, Yakov A. Sukhodolov

Erschienen in: Foreign Trade as a Factor of Economic Growth

Verlag: Springer International Publishing

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Abstract

This chapter determines the main directions for the modernization of the Russian economy in view of the Asian factor in developing foreign trade connections for the country, and offers measures of state regulation and support for the fulfilment of Russian economic interests in foreign trade cooperation with China. The authors view the key tendencies of the development of the global economy in the twenty-first century and the 2008 crisis, study the index of global competitiveness of the World Economic Forum and its main components for Russia and China, and determine a range of obvious problems for development of the Russian economy and an increase in the level of its national competitiveness.
The authors offer suggestions for the direction that Russian foreign trade could take, including the development of cluster policy according to the “Concept of long-term socio-economic development of the Russian Federation until 2020” and the “Strategy of innovational development of the Russian Federation until 2020”. The authors determine potential threats that may arise owing to increasing cooperation with China and develop measures of state regulation and support for the accomplishment of Russian economic interests as foreign trade cooperation with China increases.

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Fußnoten
1
In particular, in September 2009, Shanghai, China hosted a round table “transformation processes of geo-economic space: Russia and China in multipolar world”, devoted to the 60th anniversary of the establishment of diplomatic relations between Russia and China (http://​www.​rg.​ru/​2011/​06/​10/​china.​html).
 
2
According to data from the UN International Trade Center, Russia holds the ten first positions (oil, natural gas, gas, aluminium, steel, nickel, timber, coal, etc.), making up 67.4 %, and the first three positions (oil, natural gas, and petrol)—53.8 % of the total Russian exports (http://​www.​intracen.​org/​tradstat/​welcome.​htm).
 
3
Federal Law dated 24July 2007 No. 209-FZ “On development of small and medium entrepreneurship in the Russian Federation”, Decree of the Government of the Russian Federation dated 6 March 2013 No. 188 “On establishment of the Rules of distribution and provision of subsidies from the federal budget to the budgets of the subjects of the Russian Federation for realization of measures envisaged by the programmes of development of pilot innovational territorial clusters”, and the Order of the Ministry of Economic Development of Russia dated 25 March No. 167 “On establishment of terms of competitive selection of the subjects of the Russian Federation which budgets receive subsidies from the federal budget for state support of small and medium entrepreneurship, including farm enterprises, and requirements to organizations which create the infrastructure of support for subjects of small and medium entrepreneurship”.
 
4
According to the World Economic Forum and Harvard University experts’ estimates, modern Russia has very strong international positions in fuel and energy sector and iron industry; strong positions—in nonferrous metallurgy, petrochemistry, timber and military industries; medium positions—in chemistry, car building and shipbuilding, general machine building, and professional equipment; weak positions—in civil aircraft industry, electronics, and textile industry (Jahfer and Inoue 2014).
 
5
Currently, seven developed countries possess 46 out of 50 meta-technologies which ensure competitive production, while the rest of the world possesses only three or four of them. The USA has 20–22 meta-technologies (Germany 8–10, Japan 7, England and France 3–5, Sweden, Norway, Italy, and Switzerland 1–2 each) (Jahfer and Inoue 2014).
 
6
Analysis of scientific and research publications covers the following spheres: earth sciences, astronomy and space, mathematics, physics, chemistry, medicine, psychology, sociology, technology, machine building, and agricultural sciences (http://​www.​weforum.​org).
 
7
The IMF’s recommendations determine the minimum level of foreign-exchange reserves, which allow the provision of the import of goods and services for three months (http://​www.​imf.​org).
 
8
Three new laws were passed: the law on enterprises with a share of foreign capital; the law on joint enterprises with the participation of foreign companies; and the law on companies with 100 % foreign capital. In 1994, the law on companies was passed (http://​www.​mof.​gov.​cn).
 
9
There are 32 areas of economic and technological development in Beijing, Shanghai, Guangzhou, Tianjin, Dalian, Harbin, Ürümqi, Wuhan, Chongqing, Hangzhou, Shenyang, Changchun, Yingkou, and other large cities; and 14 areas of transborder economic cooperation in Dandong, Heihe, Suifenhe (Heilongjiang province), Erenhot, Huichun (Jilin province), Yining City, Tacheng, Pingxiang, Dongxing, Ruili, and Hekou (Yunnan province) [Ли Хуа Китайская открытая стратегия экономического развития 2007, pp. 35–37].
 
10
According to them, $1.8 billion worth of timber was exported beyond the limits of Irkutsk Oblast in 2014 (12.6 million m3) (http://​www.​stu.​customs.​ru).
 
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Metadaten
Titel
Perspectives of Acceleration of the Rates of Economic Growth of Russia in the Context of Foreign Trade Cooperation with China
verfasst von
Elena G. Popkova
Yakov A. Sukhodolov
Copyright-Jahr
2017
DOI
https://doi.org/10.1007/978-3-319-45985-1_5