Alexei Portansky is a professor at the School of World Economics and World Politics at the National Research University–Higher School of Economics; senior researcher at the Institute of World Economy and International Relations, Russian Academy of Sciences.
The mega-regional trade agreements do not mean undermining the WTO, as some believe—there are no serious players in the world that would have such plans. The problem’s solution lies in gradual harmonization of the multilateral (WTO) format and regional/preferential and mega-regional (TPP and TTIP) formats.
Creating substituting production capacities, operating a semi-isolated financial system, spending resources to overcome trade barriers and looking for new markets will require enormous and unjustified expenditures, which will inevitably affect the competitiveness of Russia’s national economy and lead to the impoverishment of the population.
If Russia is to embark on the path of profound economic modernization in full seriousness, then there has to be a strategy of using WTO membership as the basis for modernization. It is crucial to determine the nature of our actions within the WTO for the long term.
Many Russians today, as they try to assess the role and place of their country in the international community, often proceed not from the global realities of the 21st century, but rather from nostalgia for that “once-mighty power, the Soviet Union,” a country “everyone feared and respected.”
As yet another attack claims a shocking toll in innocent lives in France, political analyst Fyodor Lukyanov writes how terrorist acts and the helplessness of secret services are changing Europe before our very eyes
How has decay of the American Empire affected globalization? Does the apparent fragmentation of older, Bretton Woods era, more universal forms of global governance into more regional forms imply US relative decline?
The SCO summit in Tashkent and Russian President's visit to China which took place in June have provided a good occasion to discuss the need for strengthening multilateral cooperation and ensuring regional security.
What are the prospects for Russian-North Korean relations today?
With the latest protracted nosedive in U.S.-Russia relations, when areas of cooperation have continued to shrink, it is beneficial to reflect on historically constructive joint endeavors, such as the cooperation between the two countries’ nuclear weapon laboratories (“lab-to-lab cooperation”).