Such a strategy would help the economies exploit the many opportunities opened by globalization (Molchanov, 2005). The responses by Russia, amongst other states of the post-Soviet regions towards globalization assume various shapes and forms.
The concept of regional integration is nowadays perceived amongst the key promising avenues to facilitate such a substantial as well as a proactive response. However, regional integration can only be attained in outward –looking or inward-looking fashion; through restoration as well as the establishment of economic ties which bound former Soviet Union republics. Alternatively, the post-soviet Russia may opt to join extant international bodies, particularly the groups that are presided by considerably more successful West nations including the European Union and APEC, from a dynamically renowned region. The two strategies have already been tested and tried, indicating different degrees of excellence in the space of the post- Soviet.
Notably, globalization has had profoundly affected every country of the dissolved Eastern bloc. The existing school of thought argue that the raw concept of the dissolution of the global model of state socialist must be primarily attributed to the accelerated growth of the incompatible command economy. Additionally, globalization has been facilitated through the concept of central planning while adhering to the requirements presented by a capitalist modernization global framework, via the numerous markets with global integration. Following such line of argument, the planned economy of the Soviet portrayed incapable of adjusting to the era of the use of advanced information technology as well as international mobility regarding the various factors (elements) of production (Molchanov, 2005).
The Soviet was slow towards modernizing its operations, and therefore was incapable of competing with the region of the