A FEW ASPECTS OF GLOBALIZATION IMPACT ON RUSSIAN ECONOMY AND LAW

Maria Drozdova

Abstract


The Russian Federation is strongly involved in globalization process. As a part of the BRIC countries Russia tries to become an industrial country, to develop manufacture and concurrence. Recently the Russian Criminal Code was revised in order to make Russia more attractive for investors. The punishments for the significant part of medium and little gravity economic crimes were commuted. By the Federal Statute №244 from September 28, 2010”About Innovation Centre “Skolkovo” Innovation Centre Skolkovo was established in 2010 year. December 16, 2011, Russia joined the WTO. The legislation in the Russian Federation develops very fast and tries to conform to necessities of the day. Accession to the WTO and fulfilment of taken obligations, creation of conditions for development of innovations with liberalization of laws directed at facilitation of conditions for running business should, hopefully, raise the competitiveness of Russian economy and lead in the future to the transformation from row-materials orientated to developed industrial economy.

DOI: http://dx.doi.org/10.5755/j01.em.17.2.2176


Keywords


globalization; innovation; Russian law; WTO; income tax; Skolkovo

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Print ISSN: 1822-6515
Online ISSN: 2029-9338