... strictly economic considerations. This “politicization” of the world economy at the time acted as a deterrent to the growth potential and dynamism of the world economy. The 1990s seemed to turn the global system towards a less politicized and more economy-based framework, but in effect the division lines lingered for decades—the Jackson-Vanik amendment, WTO accession lasting nearly several decades for Russia, technological restrictions, etc. So, qualitatively the friend-shoring paradigm is nothing new and in many ways it renders implicit patterns of the past more explicit going forward.
One of the ways ...
... Vézina is published in the March 2016 issue of the Economic Journal) argues that the benefits from the expansion in online economy may be significant given that “online platforms like eBay lower trade barriers as they enable people and firms to connect ... ... the key items of the concluded agreements. Another aspect to constructing such a digital system is to envisage a role for the WTO and provide for WTO-compatibility of the various agreements included into the system.
Source:
Valdai. Discussion club
... any type of cooperative management framework (
WWAP, 2015
)”
Another illustration of the breakdown of the current system is of course the propagation of protectionism, bilateralism and the weakening of global multilateral institutions such as the WTO. There are also notable omissions in governance with respect to the lack of integration of regional institutions into the global governance framework, which significantly limits the capability of the world economy to launch new liberalization initiatives or coordinated spending to prop up global growth. The lack of integration of regionalism into the global governance framework leaves too much scope for national egoism and severely limits the ability of ...
... between Chinese and Russian transport and communication companies has already yielded results. Thus, the joint efforts of the two countries in the alignment of the Belt and Road Initiative and the Eurasian Economic Union look promising.
2. The Chinese economy continues to demonstrate moderately high growth rates. Its ongoing structural reform creates favourable conditions for developing trade and economic relations with Russia. China and Russia are expected to further expand bilateral trade and investment ...
... EEU has shown that:
Minsk hopes the EEU will help stabilize the country’s economy in these times of crisis in the world economy and provide free, equal, and politically unmotivated access to trade, energy resources, capital;
Belarus has significant ... ... the EU, China and other partners.
Minsk would like to renew economic cooperation with the EU through the EEU, and to become a WTO member in the near future.
Prepared for publication by Galia Ibragimova, Consultant, PIR-Center for Policy Studies
... will have far-reaching economic consequences, systemic impact and will make an important contribution to the country’s socio-economic development. The main advantages for Kazakhstan will be an improved investment climate and job creation as the economy opens up. For the WTO, the accession of another Central Asian country signifies an important step towards the realization of the idea of universal membership.
For the WTO, the accession of another Central Asian country signifies an important step towards the realization ...
