Globalization proceeds apace, taking on new forms that impact global economic, financial, and social processes. Interdependence is not simply strengthening the range of possibilities for national economies to participate in, and take advantage of, these developments but expanding the opportu- nities that are available to them. The question is, how do states take advantage of these global developments? At a Crossroads shows how Russia is no excep- tion. Although it actively participates in the global- ization process, it is confronting greater economic, technological, structural, and institutional prob- lems than other countries. At the same time, there is dwindling hope for favourable conditions to continue in global energy markets, which are cru- cial to the Russian economy. These problems exist alongside the risk that the widening gap between Russia and other economies in terms of economic performance and technological development and growth will continue. The authors illustrate how Russia now stands at the crossroads of either over- coming or exacerbating these current challenges. This choice dictates the current realities of pax economica. Moscow must, in the very near future, make meaningful, if not fundamental, decisions aimed at further opening its economy, improving its institu- tions, and strengthening its international ties. This task is made more difficult by Russia’s weakening competitiveness and by its ambiguous position on the international division of labour. Sergey Kulik is the director for international stud- ies at the Institute of Contemporary Development in Russia. Nikita Maslennikov is the director for projects in economy and finance at the Institute of Contempo- rary Development in Russia. Igor Yurgens is the chairman of the management board of the Institute of Contemporary Develop- ment in Russia. 2 3 M Q U P F A L L 2 0 1 8 E C O N O M I C S • P O L I T I C A L S T U D I E S At a Crossroads Russia in the Global Economy sergey kulik, nikita maslennikov, and igor yurgens An assessment of the challenges facing Russia in the global economy in light of its current foreign economic policies and the impact of globalization on its decision-making process. S P E C I F I C AT I O N S bRwRZGsa.. November 2018 -i2l,l-c29-hliil,ZZ u8cn99vZbmU4Zu8cn99vZA64ZgcSn--ZZ3o3as -i2l,l-c29-hlihlSZZ u,,9n996ZbmU4Zu,,9n996ZA64Zg2Sn99ZZ150r$ hZBZ-ZZccS33ZZZZZ a:00£ZoDot5oT5a