Foreign Trade Development - Case Study of Russia

Tatiana Lifanova

Bachelor's thesis

Abstract:

This thesis deals with the economic theories connected with assessment of foreign trade. Based on the theory author identified basic economic factors that shape the international trade and vice versa consequences, which are shaped by trade. This research is determined by relevance of the structural changes taking place in Russian foreign trade. The first part is used as a theoretical base for the analysis of foreign trade in Russian Federation. The aim of the study is to evaluate the current state of Russian foreign trade and indicate the causes of these conditions, define potential and prospects for the future development of Russian foreign trade in terms of crisis and sanctions. Observed period from 2005 up to 2015 is characterized by multiple crises and revivals. This paper tries to find main factors that influence on Russian foreign trade during this time. The final work examines which products are dominant in exports and imports and their dynamics during the 10 years. Last chapter concentrates on Russian trade in 2015; this paragraph in detail analyzes all main tendencies of the last year. The main methods that were used in theoretical part are description and extraction. In practical part author applied comparative and descriptive methods.To summarize the results of the work, Russian foreign trade is dependent on mineral resources exports, oil prices have a strong impact on export earnings and lack of production makes the Russian market dependent on imported goods. As it was said by M. Porter the key factors for the competitiveness of the nation are not inherited, but created. In the absence of industrial exports it is impossible to achieve great results in the economy. I consider that the existence of sanctions has not only negative but a positive effect too. They contribute to the understanding the need in domestic production, and as a consequence the beginning of the manufacture development.

Keywords

trade balance, Russian Federation, the turnover, foreign trade, export

Jazyk práce: English

Datum vytvoření / odevzdání či podání práce: 14. 3. 2016

Obhajoba závěrečné práce

• Vedúci: doc. Ing. Mansoor Maitah, Ph.D. Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme / odbor:
Economics and Management / Economics and Management