State of Russia in the surrounding world. Analytical book 

   | Main page | | Articles | |                  | Russian version russian version |     

Financial Globalization and Capital Flight from Russia

Fituni L.L.



During last decade of the 20th century, when the dependence of our country from import, currency rate fluctuations and decisions of international speculates exceeded acceptable levels it became obvious, that Russia got under the roll of globalization. This completely new feature of world development is defined by its main protagonists experts from the International Monetary Fund, as "growing economic interdependence of the world countries resulting from increased volume and diversity of trans-border transactions of goods, services and international flows of assets as well as due to fast and broad technological advances". Changes in stereotypes of distribution and redistribution of world resources that ruled during last decades post a question regarding significance for Russia those processes, connected to origin and formation of globalized world as some new quality of planetary social-economical and political development. On one side, the process of formation of this world runs parallel to the processes that occur in Russia. On the other side, the events happening in our country are the composite part of all that happens in the world, and consequently the process of formation of a new globalized world, that academicians D.S. Lvov and N.N. Moiseev called the world of trans-national corporations (TNC).

The first TNC appeared before WWII. but starting 1960 their number and power increase quickly. The fast increase in development of TNC happened during the last decade. In 1995 they controlled from 1/3 to 1/2 of the world industries, more than half of the international sales and 4/5 of the patent bank and licenses on new equipment, technology and know-how.

TNC and their owners try to transform all the world according to their own standards. Such new world structure assumes the removal of various restrictions that obstruct the further growth of power of trans-national corporations. At present, few of the main obstacles are national independence, the existing principles of international laws (i.e. the concept of non-interference into internal affairs of independent states, the concept of territory integrity etc.), as well as large economic systems not obeying the TNC and able to confront and compete with them.
Having established prices on Russian products and dictated the rules of game. the world market started quickly pump out the national resources of Russia for its own purposes.

Today, due to its current state Russia only partially influence the formation of the new world. In fact, it is forming as TNC world and mainly due to weakness of Russia and exclusion of it from this process. To participate as active member in this process is impossible for our country, since it does not have its own similar TNC. Moreover, the existing transnational western corporations impede the formation of Russian TNC.

At the same time, the restricted ability of Russia to influence the world processes mean that Russian interests are not considered when the new global society is planned. Consequently, the Russian role is only that of a object for transformations. Russia (and previously USSR), due to still great abundance of its natural resources, different concepts of industry and society, did not feel till very recent time the need to adapt to changes occurring abroad and was not in a rush inside its own niche. Such position contradicted the goals and interests of financial-ideological groups, and this became the reason for disintegration of Soviet Union. The creation of new global environment of the financial-ideological groups destroy the old environment in Russia. If the Russia stays inside this system, its chances to equal participation in world processes are seen as quite poor. Several reasons for this include:
geoeconomical - the world needs Russian mineral resource fields, and not fields competing with their own industries. Russia still rich in mineral resources and at the same time it is helpless or unwise that is why it sells these resources for very low price. To create new fields able to compete is required practically anew and non favorable conditions, with active opposition of the financial-ideological groups.

Geopolitical Russia voluntarily refused significant part of its geopolitical benefits it parted with half of the territory of former Soviet Union, lost the control for necessary raw materials, lost its markets, the warm marine ports, decreased its military potential and lost its military-political allies.

Military strategic besides the actual decrease of military potential the important changes in ideology aimed at achieving global goals by military-political methods have happened;
resource the powerful mean of pumping out all the resources such as natural, capital-financial, intellectual, labor and even genetic is already formed in the country and working in full capacity. By approximate estimations of the Center for Strategic and



Page : << < 1, 2. > >>




State of Russia in the surrounding world 2000


State of Russia in the surrounding world

Analytical book 2000






Analytical book 2008

Analytical book 2004

Analytical book 2003

Analytical book 2002

Analytical book 2001

Analytical book 2000

Analytical book 1999

Analytical book 1998



   Rambler's Top100

Copyright 2005-2009 Any text or graphic content reproduced from this site should be published in print form with reference to the original publication source, and provided with a link to the State of Russia in the Surrounding World website www.rus-stat.ru if posted on the Internet.