International Business Across Borders: Overview of Russia

International Business Across Borders
Name of the Student
Name of the University
Author Note

Table of Contents
Introduction
General overview of the country
PEST Analysis of Russia
Natural Resource and Factor endowments of Russia
Foreign Currency and Exchange Influences
Existing trade policies in Russia
Existing Levels of Foreign Direct Investment
Conclusion
Reference

Introduction
The assignment has delved with the general overview of the country. In this
regard, the political, economic, socio-cultural as well as technological aspects
needs to be taken into consideration. The national resource as well as factor
endowments that created competitive advantage will also get considered.
Along with this, the countries existing trade policies as well as existing levels
of foreign direct investment will addressed as well. The contemporary Russian
trade policy, which is relying upon an export-oriented economy will be
resulting in a scenario when the country’s pattern of participation in global
trade exchanges will be facilitating certain processes in the national economy.

General Overview of the Country
 Within 2000 and 2008, there occurred a 83% growth of GDP and a 70%
growth in productivity
 There occurred a considerable increase in the welfare of the population, in
which a growth of real wages occurred by 3.4 times as well as real pensions
rose by 2.8 times
 There occurred an unexpected slowdown in respect of the Russian
government. In 2012, the official forecast regarding GDP growth for 2013-
2015 was 13% and at present, it is -1%