Item

Second level regional policies in the Russia Federation and the multilateral trade rules affecting such policies

Vitalis, Vangelis
Date
1999-07
Type
Discussion Paper
Fields of Research
Abstract
This paper begins by setting out the constitutional framework of the Russian Federation and demonstrates that, over time, Russia's regions are beginning to exert greater control over their internal economic and commercial relationships. In this context, the theoretical underpinnings of second level economic policies are considered. It is noted that the increasingly active role of regional authorities in determining economic policy is, particularly in times of crisis, understandable, though not particularly efficient or effective. Indeed, these policies can have serious implications for macroeconomic stabiiisation. Finally, the implications such policies have for Russia's accession to the World Trade Organisation are highlighted and a distinction is drawn between measures which are expressly forbidden as a consequence of multilateral trading rules and those which are subject to reduction commitments or need to be notified for transparency reasons.
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