Foreign Trade - Case Study of Russia

Anna Karpusenko

Bachelor's thesis

Abstract:

This thesis describes the foreign trade in Russia. The theoretical part contains a brief overview of classical economics theories and foreign trade policies. Based on this knowledge, the author examines the external economy of Russia and analyse the state of foreign trade of the Russian Federation. In 1991, after the collapse of the Soviet Union, the new era of economics of Russia began. The country pledged to carry out economic by using non-tariff regulation methods as quotas and licensing of export deliveries. Compared to the last year (2017) the foreign trade turnover of the Russian Federation is increased by 17.6%. The main exported goods by Russia are fuel and energy products, metals and products from them. Import are machinery, equipment and vehicles, chemical industry products. Trends in oil prices directly affect the export of the Russian Federation. Changes in Russia's imports are related to the country's foreign policy. The decline in imports in 2014 is due to the conflict between Russia and Ukraine, and the subsequent sanctions because of this.The country's position in the system of foreign trade relations on the international market of innovative technologies is determined by the degree of development of its innovative development. Russia is significantly inferior in penetrating the world market of innovative technologies, which requires a radical increase in the effectiveness of foreign trade in the innovation sphere.

Keywords

Foreign trade, export, import, trade balance, the balance of payments, comparative advantage, absolute advantage, trade policies, Russian Federation

Jazyk práce: English

Datum vytvoření / odevzdání či podání práce: 15. 3. 2019

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