Russia in Economic Globalization

Abstract

The article analyzes the current state of the Russian economy in the context of globalization. The research reveals the dominant role of capitalist countries in the process of globalization. The role of developing countries is related to ensuring a balanced world economy. Globalization causes changes in world economic relations. Russia has taken an active position not only among developing but also developed countries. The article reveals that in the context of the US trade war with China and increased protectionism, developing countries have assumed the risks of losing capital and falling into a deeper and longer recession. Russia’s position in economic globalization is linked to the place of BRICS in modern world order. Modern world order requires Russia to initiate the creation of new geopolitical communities, in addition to BRICS. To maintain Russia’s stable position in the world economy, modern objective reality requires not only its participation in various geopolitical communities,but also their initiation.