Russia's Self-Identification and Creation of a New Regional Union

Abstract

Making its socioeconomic structure more complex is among the most important tasks on the agenda in Russia. This is a necessary prerequisite of creating a modern market economy. A tandem of big financial capital acting reciprocally with the state, and regional markets is the foundation of such an economy. The more definite in this respect Russia's self-identification will be the sooner it will become the center of attraction for other CIS countries. In order to response adequately to the challenges of globalization the CIS countries have to ensure that radical domestic reforms be accompanied with the speed-up mutual integration of their economies.