Impact of New Institutional Environment of the World Trade Organization on the Operation of the Russian Business
Author: Alexey Ivanov
Publisher:
Published: 2014
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKStudies of the initial reviews on the results of Russia's accession to the WTO show that many domestic sources speak about the negative impact of new institutional framework on the functioning on the Russian business. However, the international statistics and statements of government officials deny this view and believe that the real impact of the WTO on Russian business will appear only in a few years. In addition to the need of evaluating the time lags, the author proposes when analyzing results of Russia's accession to the WTO to consider the influence of the transition from tariffs to non-tariff regulation measures, as well as the "viscosity" of adaptation of Russian informal institutional norms to the newly introduced formal regulations.