Consequences of participation of Russia in the World Trade Organization for YJR country population life quality

Abstract

The article has generalized the benefits and risks of Russia complete participation in the World Trade Organization. The role of foreign trade for development of national economics and increase of the population life quality has been demonstrated. The consequences of Russia entering the WTO has been analyzed from the point of view of the regions social-economic conditions. The necessity of increasing the amount of investments into the target technological re-equipment of resource and export-oriented branches has been justified. This will allow Russia transferring to the innovation type of development and providing for financial and social stability of the country.