Author: Chris Miller
Publisher: UNC Press Books
ISBN: 1469640678
Category : History
Languages : en
Pages : 238
Book Description
When Vladimir Putin first took power in 1999, he was a little-known figure ruling a country that was reeling from a decade and a half of crisis. In the years since, he has reestablished Russia as a great power. How did he do it? What principles have guided Putin's economic policies? What patterns can be discerned? In this new analysis of Putin's Russia, Chris Miller examines its economic policy and the tools Russia's elite have used to achieve its goals. Miller argues that despite Russia's corruption, cronyism, and overdependence on oil as an economic driver, Putin's economic strategy has been surprisingly successful. Explaining the economic policies that underwrote Putin's two-decades-long rule, Miller shows how, at every juncture, Putinomics has served Putin's needs by guaranteeing economic stability and supporting his accumulation of power. Even in the face of Western financial sanctions and low oil prices, Putin has never been more relevant on the world stage.
Putinomics
Author: Chris Miller
Publisher: UNC Press Books
ISBN: 1469640678
Category : History
Languages : en
Pages : 238
Book Description
When Vladimir Putin first took power in 1999, he was a little-known figure ruling a country that was reeling from a decade and a half of crisis. In the years since, he has reestablished Russia as a great power. How did he do it? What principles have guided Putin's economic policies? What patterns can be discerned? In this new analysis of Putin's Russia, Chris Miller examines its economic policy and the tools Russia's elite have used to achieve its goals. Miller argues that despite Russia's corruption, cronyism, and overdependence on oil as an economic driver, Putin's economic strategy has been surprisingly successful. Explaining the economic policies that underwrote Putin's two-decades-long rule, Miller shows how, at every juncture, Putinomics has served Putin's needs by guaranteeing economic stability and supporting his accumulation of power. Even in the face of Western financial sanctions and low oil prices, Putin has never been more relevant on the world stage.
Publisher: UNC Press Books
ISBN: 1469640678
Category : History
Languages : en
Pages : 238
Book Description
When Vladimir Putin first took power in 1999, he was a little-known figure ruling a country that was reeling from a decade and a half of crisis. In the years since, he has reestablished Russia as a great power. How did he do it? What principles have guided Putin's economic policies? What patterns can be discerned? In this new analysis of Putin's Russia, Chris Miller examines its economic policy and the tools Russia's elite have used to achieve its goals. Miller argues that despite Russia's corruption, cronyism, and overdependence on oil as an economic driver, Putin's economic strategy has been surprisingly successful. Explaining the economic policies that underwrote Putin's two-decades-long rule, Miller shows how, at every juncture, Putinomics has served Putin's needs by guaranteeing economic stability and supporting his accumulation of power. Even in the face of Western financial sanctions and low oil prices, Putin has never been more relevant on the world stage.
Putin's Labor Dilemma
Author: Stephen Crowley
Publisher: Cornell University Press
ISBN: 150175629X
Category : Law
Languages : en
Pages : 412
Book Description
In Putin's Labor Dilemma, Stephen Crowley investigates how the fear of labor protest has inhibited substantial economic transformation in Russia. Putin boasts he has the backing of workers in the country's industrial heartland, but as economic growth slows in Russia, reviving the economy will require restructuring the country's industrial landscape. At the same time, doing so threatens to generate protest and instability from a key regime constituency. However, continuing to prop up Russia's Soviet-era workplaces, writes Crowley, could lead to declining wages and economic stagnation, threatening protest and instability. Crowley explores the dynamics of a Russian labor market that generally avoids mass unemployment, the potentially explosive role of Russia's monotowns, conflicts generated by massive downsizing in "Russia's Detroit" (Tol'yatti), and the rapid politicization of the truck drivers movement. Labor protests currently show little sign of threatening Putin's hold on power, but the manner in which they are being conducted point to substantial chronic problems that will be difficult to resolve. Putin's Labor Dilemma demonstrates that the Russian economy must either find new sources of economic growth or face stagnation. Either scenario—market reforms or economic stagnation—raises the possibility, even probability, of destabilizing social unrest.
Publisher: Cornell University Press
ISBN: 150175629X
Category : Law
Languages : en
Pages : 412
Book Description
In Putin's Labor Dilemma, Stephen Crowley investigates how the fear of labor protest has inhibited substantial economic transformation in Russia. Putin boasts he has the backing of workers in the country's industrial heartland, but as economic growth slows in Russia, reviving the economy will require restructuring the country's industrial landscape. At the same time, doing so threatens to generate protest and instability from a key regime constituency. However, continuing to prop up Russia's Soviet-era workplaces, writes Crowley, could lead to declining wages and economic stagnation, threatening protest and instability. Crowley explores the dynamics of a Russian labor market that generally avoids mass unemployment, the potentially explosive role of Russia's monotowns, conflicts generated by massive downsizing in "Russia's Detroit" (Tol'yatti), and the rapid politicization of the truck drivers movement. Labor protests currently show little sign of threatening Putin's hold on power, but the manner in which they are being conducted point to substantial chronic problems that will be difficult to resolve. Putin's Labor Dilemma demonstrates that the Russian economy must either find new sources of economic growth or face stagnation. Either scenario—market reforms or economic stagnation—raises the possibility, even probability, of destabilizing social unrest.
Oil in Putin's Russia
Author: Adnan Vatansever
Publisher: University of Toronto Press
ISBN: 1487522819
Category : Petroleum industry and trade
Languages : en
Pages : 349
Book Description
Providing an in-depth review of Russia's key economic policies, this book is the first systematic study of the political economy of oil windfalls in Putin's Russia.
Publisher: University of Toronto Press
ISBN: 1487522819
Category : Petroleum industry and trade
Languages : en
Pages : 349
Book Description
Providing an in-depth review of Russia's key economic policies, this book is the first systematic study of the political economy of oil windfalls in Putin's Russia.
Russia Resurrected
Author: Kathryn E. Stoner
Publisher: Oxford University Press
ISBN: 0190860731
Category : Political Science
Languages : en
Pages : 272
Book Description
An assessment of Russia that suggests that we should look beyond traditional means of power to understand its strength and capacity to disrupt international politics. Too often, we are told that Russia plays a weak hand well. But, perhaps the nation's cards are better than we know. Russia ranks significantly behind the US and China by traditional measures of power: GDP, population size and health, and military might. Yet 25 years removed from its mid-1990s nadir following the collapse of the USSR, Russia has become a supremely disruptive force in world politics. Kathryn E. Stoner assesses the resurrection of Russia and argues that we should look beyond traditional means of power to assess its strength in global affairs. Taking into account how Russian domestic politics under Vladimir Putin influence its foreign policy, Stoner explains how Russia has battled its way back to international prominence. From Russia's seizure of the Crimea from Ukraine to its military support for the Assad regime in Syria, the country has reasserted itself as a major global power. Stoner examines these developments and more in tackling the big questions about Russia's turnaround and global future. Stoner marshals data on Russia's political, economic, and social development and uncovers key insights from its domestic politics. Russian people are wealthier than the Chinese, debt is low, and fiscal policy is good despite sanctions and the volatile global economy. Vladimir Putin's autocratic regime faces virtually no organized domestic opposition. Yet, mindful of maintaining control at home, Russia under Putin also uses its varied power capacities to extend its influence abroad. While we often underestimate Russia's global influence, the consequences are evident in the disruption of politics in the US, Syria, and Venezuela, to name a few. Russia Resurrected is an eye-opening reassessment of the country, identifying the actual sources of its power in international politics and why it has been able to redefine the post-Cold War global order.
Publisher: Oxford University Press
ISBN: 0190860731
Category : Political Science
Languages : en
Pages : 272
Book Description
An assessment of Russia that suggests that we should look beyond traditional means of power to understand its strength and capacity to disrupt international politics. Too often, we are told that Russia plays a weak hand well. But, perhaps the nation's cards are better than we know. Russia ranks significantly behind the US and China by traditional measures of power: GDP, population size and health, and military might. Yet 25 years removed from its mid-1990s nadir following the collapse of the USSR, Russia has become a supremely disruptive force in world politics. Kathryn E. Stoner assesses the resurrection of Russia and argues that we should look beyond traditional means of power to assess its strength in global affairs. Taking into account how Russian domestic politics under Vladimir Putin influence its foreign policy, Stoner explains how Russia has battled its way back to international prominence. From Russia's seizure of the Crimea from Ukraine to its military support for the Assad regime in Syria, the country has reasserted itself as a major global power. Stoner examines these developments and more in tackling the big questions about Russia's turnaround and global future. Stoner marshals data on Russia's political, economic, and social development and uncovers key insights from its domestic politics. Russian people are wealthier than the Chinese, debt is low, and fiscal policy is good despite sanctions and the volatile global economy. Vladimir Putin's autocratic regime faces virtually no organized domestic opposition. Yet, mindful of maintaining control at home, Russia under Putin also uses its varied power capacities to extend its influence abroad. While we often underestimate Russia's global influence, the consequences are evident in the disruption of politics in the US, Syria, and Venezuela, to name a few. Russia Resurrected is an eye-opening reassessment of the country, identifying the actual sources of its power in international politics and why it has been able to redefine the post-Cold War global order.
Putinomics
Author: Albrecht Rothacher
Publisher: Springer Nature
ISBN: 3030740773
Category : Business & Economics
Languages : en
Pages : 315
Book Description
This book sheds new light on the political economy of Russia under Putin’s rule. The author, a former EU diplomat, presents a historical review of the Russian economy and 60 years of state-communist mismanagement, followed by oligarchic privatization. The book offers profound insights into Putin’s rule and the power mechanics of the state-dominated management of the Russian economy. It identifies and assesses the lack of rule of law, together with an arbitrary and often corrupt administration that systematically discourages entrepreneurship and the emergence of an independent middle class. Furthermore, the book discusses Russia’s budgetary policy, its dependence on the export of natural resources, state-owned enterprises and their privileges, and Russia’s external trade. This hard-hitting, substantial analysis debunks the myth of Russia’s economic might and is a must read for anyone seeking to understand the economic realities of the Eurasian continent, or considering doing business with Russia.
Publisher: Springer Nature
ISBN: 3030740773
Category : Business & Economics
Languages : en
Pages : 315
Book Description
This book sheds new light on the political economy of Russia under Putin’s rule. The author, a former EU diplomat, presents a historical review of the Russian economy and 60 years of state-communist mismanagement, followed by oligarchic privatization. The book offers profound insights into Putin’s rule and the power mechanics of the state-dominated management of the Russian economy. It identifies and assesses the lack of rule of law, together with an arbitrary and often corrupt administration that systematically discourages entrepreneurship and the emergence of an independent middle class. Furthermore, the book discusses Russia’s budgetary policy, its dependence on the export of natural resources, state-owned enterprises and their privileges, and Russia’s external trade. This hard-hitting, substantial analysis debunks the myth of Russia’s economic might and is a must read for anyone seeking to understand the economic realities of the Eurasian continent, or considering doing business with Russia.
Mr. Putin REV
Author: Fiona Hill
Publisher: Brookings Institution Press
ISBN: 081572618X
Category : Political Science
Languages : en
Pages : 545
Book Description
Fiona Hill and other U.S. public servants have been recognized as Guardians of the Year in TIME's 2019 Person of the Year issue. From the KGB to the Kremlin: a multidimensional portrait of the man at war with the West. Where do Vladimir Putin's ideas come from? How does he look at the outside world? What does he want, and how far is he willing to go? The great lesson of the outbreak of World War I in 1914 was the danger of misreading the statements, actions, and intentions of the adversary. Today, Vladimir Putin has become the greatest challenge to European security and the global world order in decades. Russia's 8,000 nuclear weapons underscore the huge risks of not understanding who Putin is. Featuring five new chapters, this new edition dispels potentially dangerous misconceptions about Putin and offers a clear-eyed look at his objectives. It presents Putin as a reflection of deeply ingrained Russian ways of thinking as well as his unique personal background and experience. Praise for the first edition: “If you want to begin to understand Russia today, read this book.”—Sir John Scarlett, former chief of the British Secret Intelligence Service (MI6) “For anyone wishing to understand Russia's evolution since the breakup of the Soviet Union and its trajectory since then, the book you hold in your hand is an essential guide.”—John McLaughlin, former deputy director of U.S. Central Intelligence “Of the many biographies of Vladimir Putin that have appeared in recent years, this one is the most useful.”—Foreign Affairs “This is not just another Putin biography. It is a psychological portrait.”—The Financial Times Q: Do you have time to read books? If so, which ones would you recommend? “My goodness, let's see. There's Mr. Putin, by Fiona Hill and Clifford Gaddy. Insightful.”—Vice President Joseph Biden in Joe Biden: The Rolling Stone Interview.
Publisher: Brookings Institution Press
ISBN: 081572618X
Category : Political Science
Languages : en
Pages : 545
Book Description
Fiona Hill and other U.S. public servants have been recognized as Guardians of the Year in TIME's 2019 Person of the Year issue. From the KGB to the Kremlin: a multidimensional portrait of the man at war with the West. Where do Vladimir Putin's ideas come from? How does he look at the outside world? What does he want, and how far is he willing to go? The great lesson of the outbreak of World War I in 1914 was the danger of misreading the statements, actions, and intentions of the adversary. Today, Vladimir Putin has become the greatest challenge to European security and the global world order in decades. Russia's 8,000 nuclear weapons underscore the huge risks of not understanding who Putin is. Featuring five new chapters, this new edition dispels potentially dangerous misconceptions about Putin and offers a clear-eyed look at his objectives. It presents Putin as a reflection of deeply ingrained Russian ways of thinking as well as his unique personal background and experience. Praise for the first edition: “If you want to begin to understand Russia today, read this book.”—Sir John Scarlett, former chief of the British Secret Intelligence Service (MI6) “For anyone wishing to understand Russia's evolution since the breakup of the Soviet Union and its trajectory since then, the book you hold in your hand is an essential guide.”—John McLaughlin, former deputy director of U.S. Central Intelligence “Of the many biographies of Vladimir Putin that have appeared in recent years, this one is the most useful.”—Foreign Affairs “This is not just another Putin biography. It is a psychological portrait.”—The Financial Times Q: Do you have time to read books? If so, which ones would you recommend? “My goodness, let's see. There's Mr. Putin, by Fiona Hill and Clifford Gaddy. Insightful.”—Vice President Joseph Biden in Joe Biden: The Rolling Stone Interview.
The New Autocracy
Author: Daniel Treisman
Publisher: Brookings Institution Press
ISBN: 0815732449
Category : Political Science
Languages : en
Pages : 288
Book Description
Corruption, fake news, and the "informational autocracy" sustaining Putin in power After fading into the background for many years following the collapse of the Soviet Union, Russia suddenly has emerged as a new threat—at least in the minds of many Westerners. But Western assumptions about Russia, and in particular about political decision-making in Russia, tend to be out of date or just plain wrong. Under the leadership of Vladimir Putin since 2000, Russia is neither a somewhat reduced version of the Soviet Union nor a classic police state. Corruption is prevalent at all levels of government and business, but Russia's leaders pursue broader and more complex goals than one would expect in a typical kleptocracy, such as those in many developing countries. Nor does Russia fit the standard political science model of a "competitive authoritarian" regime; its parliament, political parties, and other political bodies are neither fakes to fool the West nor forums for bargaining among the elites. The result of a two-year collaboration between top Russian experts and Western political scholars, Autocracy explores the complex roles of Russia's presidency, security services, parliament, media and other actors. The authors argue that Putin has created an “informational autocracy,” which relies more on media manipulation than on the comprehensive repression of traditional dictatorships. The fake news, hackers, and trolls that featured in Russia’s foreign policy during the 2016 U.S. presidential election are also favored tools of Putin’s domestic regime—along with internet restrictions, state television, and copious in-house surveys. While these tactics have been successful in the short run, the regime that depends on them already shows signs of age: over-centralization, a narrowing of information flows, and a reliance on informal fixers to bypass the bureaucracy. The regime's challenge will be to continue to block social modernization without undermining the leadership’s own capabilities.
Publisher: Brookings Institution Press
ISBN: 0815732449
Category : Political Science
Languages : en
Pages : 288
Book Description
Corruption, fake news, and the "informational autocracy" sustaining Putin in power After fading into the background for many years following the collapse of the Soviet Union, Russia suddenly has emerged as a new threat—at least in the minds of many Westerners. But Western assumptions about Russia, and in particular about political decision-making in Russia, tend to be out of date or just plain wrong. Under the leadership of Vladimir Putin since 2000, Russia is neither a somewhat reduced version of the Soviet Union nor a classic police state. Corruption is prevalent at all levels of government and business, but Russia's leaders pursue broader and more complex goals than one would expect in a typical kleptocracy, such as those in many developing countries. Nor does Russia fit the standard political science model of a "competitive authoritarian" regime; its parliament, political parties, and other political bodies are neither fakes to fool the West nor forums for bargaining among the elites. The result of a two-year collaboration between top Russian experts and Western political scholars, Autocracy explores the complex roles of Russia's presidency, security services, parliament, media and other actors. The authors argue that Putin has created an “informational autocracy,” which relies more on media manipulation than on the comprehensive repression of traditional dictatorships. The fake news, hackers, and trolls that featured in Russia’s foreign policy during the 2016 U.S. presidential election are also favored tools of Putin’s domestic regime—along with internet restrictions, state television, and copious in-house surveys. While these tactics have been successful in the short run, the regime that depends on them already shows signs of age: over-centralization, a narrowing of information flows, and a reliance on informal fixers to bypass the bureaucracy. The regime's challenge will be to continue to block social modernization without undermining the leadership’s own capabilities.
The Putin System
Author: Grigory Yavlinsky
Publisher: Columbia University Press
ISBN: 0231548826
Category : Political Science
Languages : en
Pages : 188
Book Description
A quarter century after the fall of the Soviet Union, Russia once again looms large over world affairs, from Ukraine to Syria to the 2016 U.S. election. Yet how power works in present-day Russia—how Vladimir Putin came to power and maintains his rule—remains opaque and often misunderstood. In The Putin System, Russian economist and opposition leader Grigory Yavlinsky explains his country’s politics from a unique perspective, voicing a Russian liberal critique of the post-Soviet system that is vital for the West to hear. Combining the firsthand experience of a practicing politician with academic expertise, Yavlinsky gives unparalleled insights into the sources of Putin’s power and what might be next. He argues that Russia’s dysfunction is neither the outcome of one man’s iron-fisted rule nor a deviation from the supposedly natural development of Western-style political institutions. Instead, Russia’s peripheral position in the global economy has fundamentally shaped the regime’s domestic and foreign policy, nourishing authoritarianism while undermining its opponents. The quasi-market reforms of the 1990s, the bureaucracy’s self-perpetuating grip on power, and the Russian elite’s frustration with its secondary status have all combined to enable personalized authoritarian rule and corruption. Ultimately, Putin is as much a product of the system as its creator. In a time of sensationalism and fear, The Putin System is essential reading for anyone seeking to understand how power is wielded in Russia.
Publisher: Columbia University Press
ISBN: 0231548826
Category : Political Science
Languages : en
Pages : 188
Book Description
A quarter century after the fall of the Soviet Union, Russia once again looms large over world affairs, from Ukraine to Syria to the 2016 U.S. election. Yet how power works in present-day Russia—how Vladimir Putin came to power and maintains his rule—remains opaque and often misunderstood. In The Putin System, Russian economist and opposition leader Grigory Yavlinsky explains his country’s politics from a unique perspective, voicing a Russian liberal critique of the post-Soviet system that is vital for the West to hear. Combining the firsthand experience of a practicing politician with academic expertise, Yavlinsky gives unparalleled insights into the sources of Putin’s power and what might be next. He argues that Russia’s dysfunction is neither the outcome of one man’s iron-fisted rule nor a deviation from the supposedly natural development of Western-style political institutions. Instead, Russia’s peripheral position in the global economy has fundamentally shaped the regime’s domestic and foreign policy, nourishing authoritarianism while undermining its opponents. The quasi-market reforms of the 1990s, the bureaucracy’s self-perpetuating grip on power, and the Russian elite’s frustration with its secondary status have all combined to enable personalized authoritarian rule and corruption. Ultimately, Putin is as much a product of the system as its creator. In a time of sensationalism and fear, The Putin System is essential reading for anyone seeking to understand how power is wielded in Russia.
Weak Strongman
Author: Timothy Frye
Publisher: Princeton University Press
ISBN: 0691246289
Category : Political Science
Languages : en
Pages : 304
Book Description
"Media and public discussion tends to understand Russian politics as a direct reflection of Vladimir Putin's seeming omnipotence or Russia's unique history and culture. Yet Russia is remarkably similar to other autocracies -- and recognizing this illuminates the inherent limits to Putin's power. Weak Strongman challenges the conventional wisdom about Putin's Russia, highlighting the difficult trade-offs that confront the Kremlin on issues ranging from election fraud and repression to propaganda and foreign policy. Drawing on three decades of his own on-the-ground experience and research as well as insights from a new generation of social scientists that have received little attention outside academia, Timothy Frye reveals how much we overlook about today's Russia when we focus solely on Putin or Russian exceptionalism. Frye brings a new understanding to a host of crucial questions: How popular is Putin? Is Russian propaganda effective? Why are relations with the West so fraught? Can Russian cyber warriors really swing foreign elections? In answering these and other questions, Frye offers a highly accessible reassessment of Russian politics that highlights the challenges of governing Russia and the nature of modern autocracy. Rich in personal anecdotes and cutting-edge social science, Weak Strongman offers the best evidence available about how Russia actually works"--
Publisher: Princeton University Press
ISBN: 0691246289
Category : Political Science
Languages : en
Pages : 304
Book Description
"Media and public discussion tends to understand Russian politics as a direct reflection of Vladimir Putin's seeming omnipotence or Russia's unique history and culture. Yet Russia is remarkably similar to other autocracies -- and recognizing this illuminates the inherent limits to Putin's power. Weak Strongman challenges the conventional wisdom about Putin's Russia, highlighting the difficult trade-offs that confront the Kremlin on issues ranging from election fraud and repression to propaganda and foreign policy. Drawing on three decades of his own on-the-ground experience and research as well as insights from a new generation of social scientists that have received little attention outside academia, Timothy Frye reveals how much we overlook about today's Russia when we focus solely on Putin or Russian exceptionalism. Frye brings a new understanding to a host of crucial questions: How popular is Putin? Is Russian propaganda effective? Why are relations with the West so fraught? Can Russian cyber warriors really swing foreign elections? In answering these and other questions, Frye offers a highly accessible reassessment of Russian politics that highlights the challenges of governing Russia and the nature of modern autocracy. Rich in personal anecdotes and cutting-edge social science, Weak Strongman offers the best evidence available about how Russia actually works"--
The New Political Economy of Russia
Author: Erik Berglof
Publisher: MIT Press
ISBN: 9780262261760
Category : Business & Economics
Languages : en
Pages : 192
Book Description
An analysis of the challenges facing Russia's economy ten years after the transition, based on recent research and data. Can Russia's recent burst of economic growth be sustained? Taking a comprehensive look at the economic and political regime shift from Yeltsin to Putin, this book explores the key challenges facing the Russian economy: to narrow the productivity gap between Russian and Western firms and industries; to attract more domestic and foreign investment; and, underlying these goals, to implement the judicial, administrative, social, and banking reforms necessary to future growth. Written by a team of researchers from the Center for Economic and Financial Research—a Moscow-based independent think tank—the book draws on a wealth of new research and data. The authors emphasize the need to strengthen the protection of property rights, restructure the banking sector, and reduce government officials' powers to intervene arbitrarily in private businesses. They also stress the importance of enhancing human capital—through educational reform and by reducing barriers to citizens' geographical and sectoral mobility. Considering political institutions, the authors examine the promise and risks of the centralization of power around President Putin. Finally, they discuss the likely impact of Russia's greater integration into the world economy, notably through its potential membership in the World Trade Organization.
Publisher: MIT Press
ISBN: 9780262261760
Category : Business & Economics
Languages : en
Pages : 192
Book Description
An analysis of the challenges facing Russia's economy ten years after the transition, based on recent research and data. Can Russia's recent burst of economic growth be sustained? Taking a comprehensive look at the economic and political regime shift from Yeltsin to Putin, this book explores the key challenges facing the Russian economy: to narrow the productivity gap between Russian and Western firms and industries; to attract more domestic and foreign investment; and, underlying these goals, to implement the judicial, administrative, social, and banking reforms necessary to future growth. Written by a team of researchers from the Center for Economic and Financial Research—a Moscow-based independent think tank—the book draws on a wealth of new research and data. The authors emphasize the need to strengthen the protection of property rights, restructure the banking sector, and reduce government officials' powers to intervene arbitrarily in private businesses. They also stress the importance of enhancing human capital—through educational reform and by reducing barriers to citizens' geographical and sectoral mobility. Considering political institutions, the authors examine the promise and risks of the centralization of power around President Putin. Finally, they discuss the likely impact of Russia's greater integration into the world economy, notably through its potential membership in the World Trade Organization.