HOW RUSSIA AND UNITED STATES SHAPE THE GOVERNANCE STRUCTURES OF WORLD ECONOMY: EMERGING BIPOLARITY OF THE 21ST CENTURY
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HOW RUSSIA AND UNITED STATES SHAPE THE GOVERNANCE STRUCTURES OF WORLD ECONOMY: EMERGING BIPOLARITY OF THE 21ST CENTURY
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PII
S268667300000616-7-1
Publication type
Article
Status
Published
Authors
Maxim Bratersky 
Edition
Pages
3-18
Abstract
Russian foreign policy today makes accent on developing alternative payment, currency and investments institutions as well as markets free of political, financial and normative control by the West. The West is gradually abandoning the strategy of maintaining global liberal economic order based on US leadership, and instead is consolidating markets around itself, developing its own trade and economic associations. Geographic boundaries of these markets point at the fact that the dominating tendency in the modern world is to develop gigantic regional and quasi global markets on ideological geopolitical principles. In this process we can see the first indications of a new bipolarity, and the visible features of emerging bipolarity are trade and finance. This process has become especially pronounced in the course of the Ukrainian crisis.
Keywords
regional economic associations, new bipolarity, gigantic markets, Ukrainian crisis
Date of publication
09.03.2016
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0
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82
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