Abstract:International economic relations are important for the countries' economic growth, especially in the modern world of global value chains and rapid technological development. Russia is known for its comparative advantage in natural resources and for its intentions to diversify the economy. Indeed, specialization in natural resources is not associated with sustainable economic growth. We analyze Russia's specialization in trade over the period 2009-2018 including the year 2014 when economic and financial sanctio… Show more
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