International trade as a channel of influence of globalization on the economic development of participant countries of the Belt and road initiative

Volume 3, Issue 4
Pages: 228—239

Balandina M.S.
— Graduate School of Economics and Management, Ural Federal University named after the first President of Russia B.N.Yeltsin (Yekaterinburg, Russia)

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The paper is aimed to discuss the influence of promoting free-trade between countries participants of Belt and Road initiative. the globalization of world trade can facilitate growth, and to inhibit it. The latter is the case, if there is a fixing of specialization of developing countries in exporting raw materials. And this is a key challenge for Russia, in relation to participation in the OBOR initiative. Opportunities for mutual benefit and win-win cooperation in international trade within OBOR countries are discussed. The paper offers policy recommendations for Russia in the conditions of integration into the world economy in the framework of OBOR project.

Keywords: One Belt One Road, China-Mongolia-Russia Economic Corridor, export, international trade, globalization, economic cooperation, economic development

DOI:  https://doi.org/10.15826/recon.2017.3.3.025

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