Wto and Dynamics of Macroeconomic Indicators: Experience of China, Eastern Europe and Сis. Lessons for Russia

Abstract

The article is based on the results of studies of the effect of the WTO accession on macroeconomic performance in such countries as China, Eastern Europe: the Czech Republic, Romania, Hungary, the Slovak Republic, Bulgaria, Poland, states of former Soviet republics: Kyrgyzstan, Latvia, Lithuania, Estonia, Georgia, Ukraine and Moldova. The analysis of indicators such as gross domestic product (GDP), exports and imports, gross national income (GNI), foreign direct investments. There are groups of countries with positive and negative impact by the WTO, as well as countries which data are not affected by the WTO accession. An attempt to predict the impact of the WTO accession on macroeconomic indicators of Russia is made.