OECD Reviews of Regulatory Reform: Russia 2005
Building Rules for the Market

The review contains comprehensive and detailed policy recommendations that will assist the Russian authorities in structuring and implementing regulatory reforms in order to boost economic growth, job creation, innovation and investment. The review will also help the authorities develop a more comprehensive approach in order to produce results more quickly.
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Enhancing Market Openness through Regulatory Reform
Economic forces unleashed after the break-up of the Soviet Union have opened Russia inexorably to the outside world. Booming foreign trade – and, to a lesser extent, inward foreign investment – has rendered a return to the country’s previous state of isolation and autarky virtually unthinkable. For Russia, the issue is no longer how to open its economy, or how much, but how best to profit from its new exposure to the rest of the world. In this connection, trade policy and regulations are of decisive importance, as is the economic environment in which they are developed and applied.
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