State, Economic Development and Integration to Global Economy: The Russian Case Study (1990-2010)

Development and Economic development is one of the essential problems for all of counties in the world. Since 1990s, with the failure of the communist bloc development and central planning experience, this question has been brought to fore more than before: Those countries and states should select which road for development? Russia as a superpower must be studied in this regard. Today, Russia is planning to move to economic liberalization and integration into the economic world. The paper discusses the foreign trade, capital movement, migration, and, somewhat more extensively, the institutional dimensions of Russia’s integration into the world economy. Possible implications of the sheer size of the Russian nation are outlined. It is argued that the desire to avoid a break-up of the nation may necessitate excessive centralization. At the same time, this paper concludes with a basically positive assessment of the future prospects for Russia’s integration into the global economy. The article will begin with some remarks from a historical perspective and will then address the various aspects of Russia’s integration into the global market. The main topics to be discussed here are foreign trade, interaction with international organizations, economic liberalization, privatization and economic opening to the world. This report tries to explain this process and the role of the State (1990-2010) in this direction.