Russia's Accession to the WTO: Ready To Become Global Leader

iStock/Thinkstock

Russia's accession to the World Trade Organization was a watershed moment for the country.

In simple monetary terms, studies by the World Bank show that Russia's economy will become wealthier by about $162 billion per year, which is about 11 percent of gross domestic product. At the same time, the structural changes that are necessary to deliver this injection of growth and wealth are equally, if not more, significant.

Read the entire article here.

Related article, "A Rocky Start to Russian WTO Membership"

Posted by:  The Global Small Business Blog