Global economic integration: Prospects for WTO accession and continued Russian reforms

Washington Quarterly

Volumn 27, Issue 2, 2004, Pages 79-98

  Broadman, Harry G ^a  

^a WORLD BANK   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 10144232633     PISSN: 0163660X     EISSN: None     Source Type: Journal    
DOI: 10.1162/016366004773097722     Document Type: Article

References (19)

1. See www.wto.org (accessed January 11, 2004). As of April 2003, the WTO had 146 members.
2. International Monetary Fund (IMF), "Staff Report for the Article IV Consultation," April 10, 2003, p. 26, www.imf.org/external/pubs/ft/scr/2003/cr03144.pdf (accessed January 21, 2004).
3. See David Tarr, "Design of Tariff Policy for Russia," in Russian Trade Policy Reform for WTO Accession, ed. Harry Broadman (Washington, D.C.: World Bank, 1999).
4. See Harry Broadman and Francesca Recanatini, "Corruption and Policy: Back to the Roots," Journal of Policy Reform 5, no. 1 (2002): 37-50.
5. For a more detailed analysis, see Harry Broadman, ed., Russian Enterprise Reform (Washington, D.C.: World Bank, 2000).
6. See Chrystia Freeland, Sale of the Century (New York: Crown, 2000).
7. Bernard Black, "The Corporate Governance Behavior and Market Value of Russian Firms," Emerging Markets Review 2 (2001): 89-108.
8. See Harry Broadman and Francesca Recanatini, "Where Has All the Foreign Investment Gone in Russia?" 2002, http://econ.worldbank.org/files/2319_wps2640.pdf (accessed January 21, 2004) (World Bank working paper).
9. See Harry Broadman and Francesca Recanatini, "Is Russia Restructuring?" Journal of Corporate Ownership and Control 1 (2003): 21-32.
10. Harry Broadman, ed., Unleashing Russia's Business Potential: Lessons from the Regions for Building Market Institutions (Washington, D.C.: World Bank, 2002).
11. For a provocative account of the events leading up to and immediately following the August 1998 crisis, see Paul Blustein, The Chastening: Inside the Crisis that Rocked the Global Financial System and Humbled the IMF (New York: Public Affairs, 2003).
12. See Broadman and Recanatini, "Is Russia Restructuring?"
13. On the issue of pricing of natural gas, see David Tarr and Peter Thomson, "The Merits of Dual Pricing of Russian Natural Gas," July 19, 2003, www.worldbank.org.ru/ECA/Russia.nsf/0/3dadd18177f8a6ddc3256df000294749/ $FILE/russian∇tural_gas_eng.pdf. (accessed January 21, 2004).
14. See Sabrina Tavernise, "Talks on Russian Entry Into WTO Hit Snag," New York Times, October 18, 2002, p. A1.
15. This section draws heavily on preliminary analysis in Jesper Jensen, Thomas Rutherford, and David Tarr, "Economy-Wide and Sector Effects of Russia's Accession to the WTO," paper presented at the Ministry of Economic Development and Trade-International Labor Organization conference, Saint Petersburg, Russia, February 21-22, 2003.
16. See ibid.
17. The quantitative analysis employed a computable general equilibrium model of the Russian economy divided into 35 sectors. Primary factors include capital, skilled and unskilled labor, and sector-specific workers. Tariff data and trade data were taken from the Customs Committee of Russia and official publications. Experts on Russia estimated barriers to FDI in key sectors. Although the actual tariff changes remain subject to negotiation, the analysis assumed that tariffs decline by 50 percent across the board, discriminatory taxes on multinational service providers terminate, and seven exporting sectors (chemicals, ferrous metals, nonferrous metals, light industry, food industry, "other" industries, and "other" food producing industries) that have been subject to antidumping duties obtain improved export prices due to improved market access (from 0.5 percent to 1.5 percent).
18. After accounting for exemptions to the tariff, the collected tariff equals about 7 percent of the value of imports.
19. Michael Finger and Philip Schuler, "Implementation of Uruguay Round Commitments: The Development Challenge," 1999 (World Bank working paper).