International Trade Liberalization and Relative Development of Russian Commodity Markets
Since the beginning of the market reforms in Russia, its integration into the world economy and the dependence on trends of the world economy development is steadily rising. New challenges from the world market and new opportunities for domestic producers, appeared after the liberalization of international trade, have become an important factor affecting the domestic economy. The research is devoted to estimation of general trends in trade development in Russia after it’s liberalization in 1991. The key questions we’d like to answer within the presented analysis are: 1) what were the economic conditions for development of trade in Russia after the launch of market reforms; 2) did the level of openness of the Russian Economy increased during the last 15 years; 3) whether international trade development caused long-term changes in production structure and relative prices in the Russian economy?