ISSN 2409-7616

A. Gaisumov, Z. Tapaeva, V. Tsuraev



Akhmed S. Gaisumov – An assistant at Department of Business Economics, Chechen State University, Grozny, Russian Federation, E-mail:

Zlata A.Kh. Tapaeva – A postgraduate student Chechen State University, Grozny, Russian Federation.

Viskhadzhi V. Tsuraev – A postgraduate student Chechen State University, Grozny, Russian Federation.

Abstract. The article discusses an impact of globalization on Russian economics by analyzing goods and labor markets. Globalization represents the process when societies and countries become more interdependent. Russia has a long and difficult history of relationship with other countries. Modern Russia is tightly related to actions of other states. Relationships among countries allow them achieve common social, political and economic aims. Firstly, a participation in global trade leads to allocation of needed goods among trading countries. An import allows Russian market to get important goods and services that are used by households and businesses. An export helps increase an income to Russian budget that leads to economic development. Secondly, globalization contributes in labor movement from country to country that leads to an improvement in national production and a decrease in unemployment. Transnational corporations open local departments in countries and create new workplaces for people. Moreover, states can attract high qualified workers that helps develop innovations. However, globalization also has disadvantages that does not allow Russia use benefits of its global operations fully. Global trade leads to the dependence on demand and supply of goods and services by other countries. Labor market also negatively affected, as transnational corporations that enter Russia destroy local small businesses that might decrease an employment level. Moreover, inefficient migration policy might cause an inflow of poor labor force from other countries. For minimization of problems caused by globalization government must use effective tools for economic and political regulation.

Keywords: globalization, transnational corporation, export, import, employment, migration.



  1. Absalyamova S.G., Sakhapov R.L, Petrova N.N. Involvement of the Russian federation in international labor migration: problems and challenges. Vestnik NCBGD, 2017, no. 4 (34), pp. 69-73. (In Russian) URL:
  2. Andrichenko L. W. Features of attracting foreign highly qualified specialists to work in Russia. Journal of Russian Law, 2011, no. 7 (175), pp. 5-16. (In Russian) URL:
  3. Bikalova N. A., Ilchenko A. A. Transnational corporations and the Russian economy. Science and Education: New Time, 2017, no. 3 (20), pp. 239-242. (In Russian) URL:
  4. Borukaeva A. A. Economic reforms of the 1990s of the XX century. Scientific almanac, 2017, no. 8-1 (34), pp. 231-236. (In Russian) URL:
  5. Bukreeva S. S. Problems of import substitution in Russia. Society. Man, 2016, pp. 157-161. (In Russian) URL:
  6. Vereshchagina A.V. Demography: study guide. Moscow, Dashkov and K. Publ., 2011, p. 256. (In Russian)
  7. Golovina N. A. Legal consequences of Russia’s accession to the WTO in relation to the production sharing agreement. Proceedings of the Institute of State and Law of the Russian Academy of Sciences, 2014, no. 2, pp. 74-86. (In Russian) URL:
  8. Elebesov A.D., Nikolaeva N.F., Toktorov A.A. The role of foreign economic relations in the development of the state economy. Modern Economics: current issues, achievements and innovations, 2019, pp. 206-208. (In Russian) URL:
  9. Efremova E.I., Oleschenko O. B. Analysis of Russia’s foreign trade in the context of international sanctions. Modern Economics: current issues, achievements and innovations, 2019, pp. 92-96. (In Russian) URL:
  10. Kovalenko O. A. Reforms of Peter I in the context of the cultural and historical dialogue of Russia and Europe. Bulletin of the Volga University. V.N. Tatishchev, 2015, no. 2 (18), pp. 164-171. (In Russian) URL:
  11. Lukina P. O. “Brain drain” as a threat to the national security of the Russian Federation. Vologda, Vologda Research Center of the Russian Academy of Sciences Publ., 2019, pp. 212-215. (In Russian) URL:
  12. Nureyev R. M., Busygin E. G. Economic sanctions against Russia: short- and medium-term consequences for the oil and gas industry. JOURNAL OF ECONOMIC REGULATION, 2017, no. 3, pp. 6-22. (In Russian) URL:
  13. Ovsenyuk M. The impact of foreign direct investment on economic growth and socio-economic development. Bulletin of the Russian Academy of Natural Sciences, 2013, no. 2, pp. 25 – 28. (In Russian) URL:
  14. Osipova V. A. Russia in the Doing Business ranking: achievements and problems. Bulletin of the educational consortium “Central Russian University”. Series: Economics and Management, 2017, no. 10, pp. 27-30. (In Russian) URL:
  15. Poluyufta L.V. Dependence of GDP on oil and gas exports. Postgraduate student, 2014, no. 3, pp. 106-108. (In Russian) URL:
  16. Poluyufta L.V., Naumov D.V. Development of globalization in modern society. Theoretical and practical aspects of the development of scientific thought in the modern world, 2015, pp. 160-164. (In Russian) URL:
  17. Rakhmatullina L. I., Babenko K. Yu. The brain drain problem in Russia. Eurasian Union of Scientists, 2015, no. 5-2 (14), pp. 50-51. (In Russian) URL:
  18. Tabasaransky R. S. Labor migration in the context of globalization: the main problems. Social policy and sociology, 2016, no. 2 (115), pp. 147-154. U(In Russian) RL:
  19. Trifonova I.V. The role of transnational corporations in the globalization of the world economy. Young scientist, 2013, no. 9, pp. 243-245. (In Russian)
  20. The unemployment rate in Russia has updated a historical low. RBC, 2019. Available at: URL: (accessed: 19 September 2019).
  21. Shanina K. A. The resource curse or the oil needle in the Russian economy. Collection of articles of the II International scientific and practical competition. Penza, 2016, 2016, pp. 99-103. (In Russian) URL:
  22. Crude oil exports of the Russian Federation for 2000–2017. TSB RF, URL: Available at: trade/crude_oil.xls (accessed: 19 September 2019).
  23. Yudina M. G. Development of the grain industry of the Russian Federation in the context of the WTO. Theoretical and applied aspects of modern science, 2014, no. 5-5, pp. 224-226. (In Russian) URL:
  24. Hecksher E. F. The Effect of Foreign Trade on the Distribution of Income. Economisе Tidskrift, 1919, 502 p.


For citation:

Gaisumov A.S., Tapaeva Z.A.Kh., Tsuraev V.V. An impact of globalization on goods and labor markets. CITISE, 2019, no. 5, pp. 292-301. DOI: