Russia’s Integration in Global Economic Institutions: Accession to the OECD

As part of the St. Petersburg International Economic Forum, which took place on June 20-22, 2013, a briefing ‘The Potential for Russia’s Accession to the OECD’ was held in which HSE Rector Yaroslav Kuzminov participated.

What advantages and risks may there be for Russia in joining the OECD? How could Russia’s accession to the OECD affect the improvement of the country’s business and investment climate? The experts weighed in on these and other issues.

According to Andrey Belousov, Minister of Economic Development, Russia’s accession to the organization will have important political and economic consequences, contributing to a more intensive integration of the country into the modern international architecture.

HSE Rector Yaroslav Kuzminov told the audience about the results of a study which was commissioned by the Russian Ministry of Economic Development and carried out in 2012-2013. The purpose of the study was to evaluate the results of Russia’s accession to the OECD. He emphasized that the Higher School of Economics has a long history of cooperation with the OECD, and always participates with great interest in projects initiated as part of the negotiation process on Russia’s joining this organization.

According to Angel Gurría, Secretary-General at the OECD, Russia, which has a long and fruitful experience of cooperating with the OECD as a partner country, can already feel at home in the OECD, but as a member country, it will be able to participate fully in developing international standards in various fields, as well as in the political dialogue on the most topical issues on the global agenda.

Tatiana Meshkova, specially for the HSE News Service