The Economic Outlook for the Coming Decade: Challenges and Opportunities for Russian Exporters

The beginning of the third decade of the 21st century is set to herald new, unprecedented challenges for the global economy. The COVID-19 pandemic, mounting geopolitical instability in numerous regions across the globe, increasing protectionism in national economies, and a World Trade Organization which is insufficiently effective at regulating international trade are all factors carrying negative implications for the entire world. Principles of state governance and doing business are changing, as are consumer preferences. Trade blocs are disintegrating, along with conventional production chains. And the support mechanisms that used to be in place are now proving to be ineffective. All this is leading to a destabilization of global trade. At the same time, the unfolding situation is opening up new opportunities for countries willing to take their chances, integrate themselves in global value chains, and compete with traditional players. Russia has the potential to make a breakthrough in this area. However, what steps must the government and development institutions first take to unlock this export potential, and what areas of growth require priority support? Invitees include members of the Russian government, representatives of development institutions, and winners of the Exporter of the Year prize.

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