It is in a position to capitalise the ever-increasing instability in the Middle East and the consequent dramatic rise in the oil price.
The interests of Russian energy sector and the foreign policy goals of the Russian states are not only interrelated but also closely intertwined. To a great extent, the energy sector in Russia acts as the global carriers of Russian state's immensely self assertive foreign policy. On the other hand, the international expansion of Russia's premier energy enterprises is enormously assisted by the potentials of the Russian state. Oil companies such as Gazprom and LUKoil have strengthened their markets word wide and secured sensitive energy ventures. Their influence goes cut through the strategically important places in Europe. Even the United States has come to rely much upon the Russian energy resources. Moreover, Europe's energy security is considerably depended up on the energy resources of Russia. Hill (2004) makes it clear that "on the surface, given prevailing concerns about energy security and increasing demand in the rising economies of Asia on Russia's eastern borders, Russia's future prospects in energy seem extremely promising" ( Hill, 2004, p.29). Thanks to the increases in oil production since 1999, Russia is now the world's major non-OPEC, and non-Middle East and Persian Gulf, oil supplier. As Peter Davies, BP's chief economist, pointed out in his June 2004 presentation of BP's annual Statistical Review of World Energy, thanks to its fast growth in oil production, between 1998-2003, "Russia alone supplied 46 per cent of world oil consumption growth and exceeded Chinese consumption growth by 23 per cent Russia has the resource base and the potential to increase oil and gas production and exports further - to supply a significant proportion of the world's rising demands ... Russia can - and will - supply an important part of the growing energy needs of Asia".
Resurgent Russia's Energy Highhandedness and the Doctrine of Self-assertive Foreign Policy
There are ample of Russian products which are conquering the global market. Russian popular culture is also gaining momentum across the globe. Its film industry has become one of the leading in the world. The rise in the energy production has led to greater employment creation in both private and public spheres. Russia at present is attracting millions of workers from its neighbouring countries. It is literally absorbing the surplus labour from Eurasia. From 1998 onwards, the booming oil prices have helped Russia to retain its traditional spheres of influence and explore new power blocs. Importantly, oil production too has increased substantially since the end of cold war as new markets such as India and China are being strengthened.
It is the availability of vast energy resources that forms the basis of Russia's resurgence. The efficient and strategic use of energy resources and deals which have long term geo-political implications has substantially helped Russia to regain its old international status as a super power. Most importantly, the oil wealth enabled the Kremlin authorities to
By the second half of twentieth century itself, the control over energy was a key factor which shaped the international politics. There have shifts in the balance of power based solely on a particular countries availability of energy resources. Russia which was considered as a lost power following the demise of Soviet Union comes now back to the centre stage of the new world order using its vast energy resources…
There is also an analysis of Base-Rate decision.
Any government has the power to regulate the economy of the country and not only does it regulate the economy, it has a vital role to ensure that the economic condition remains stable. It is the responsibility of the government to ensure that all the aspects of economy maintain a stable level so that the country can grow and expand.
The growth experienced by many countries in Asia Pacific region provide an ample empirical evidence as to the effectiveness and impact of foreign direct investment on economic growth.
Foreign Direct Investment provide many benefits such as transfer of capital and technology to the country where the intended investment is made besides stimulating domestic growth as well as providing an opportunity for implementing best practices.
Russia has followed an assertive and reactive foreign policy up to now. Since 1998, the country has grown stronger, with favorable conditions in the energy market contributing to an improvement in its economic position. The country has followed an intelligent macroeconomic policy which is reflected in its slowly growing power on the international stage.
When country won independence, a carefully crafted Constitution was adapted with great attention and detail towards foreign policy. Due to the high significance attached to foreign policy, the creators of Constitution were apprehensive about the future handling of important decisions.
The dividend policy of the firm is determined by the fact that the manager's depression to influence the capital structure of the firm by leveraging would allow him to independently act by increasing debt thus reducing equity. Therefore the basis of the dividend policy itself is determined by the manager's ability to manipulate the capital structure of the firm.
According to the research findings, the future looks a better picture than the present situation and that it is hoped as the Russia enters the new avenues in terms of its growing economy, it should also foster the relationship with EU so that Russia and EU will be in for a new historical rapprochement, which will benefit all Europeans.
With rapid growth the few corrupt officials holding majority of the power have led to undermining important issues involving human rights.
Russia is one of the "G8" countries. The G8 group's interim compliance report,1 at the Sea Island Summit in 2004, mentions Russia's failures in controlling the levels of corruption while translating its undertakings into action.
Vladimir Putin's international moves have sent some strong signals to EU and USA. Moscow's strategic cooperation with Washington and Brussels has given enthusiastic cries in those countries.
Our discussion today revolves around the nature of foreign policy of Russia and its pragmatic nature in the present day world politics.
ll out efforts for shaping the fortunes of the country, there were some who were busy taking advantage of the fluid situation prevailing in the country. With rapid growth the few corrupt officials holding majority of the power have led to undermining important issues involving
Russia still perceives itself as a powerful nation and has often used its power to portray its identity across the globe1. The country has made use of its great power identity projection through the utilization of energy
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