Existing model of international economic integration faces a number of limitations impeding further development of globalization. Using the example of the US metallurgical industry, the article shows that globalization can cause negative consequences for the developed countries economies, including the erosion of national security. The work notes the presence of a discrepancy between the target and ideological purposes of the “Foreign Economic Strategy of the Russian Federation” and the changed external conditions for the national economy development. Normalization of the imports presence in the domestic market is a necessary step towards diversifying the economy and increasing non-commodity exports. In the new model of international trade, which is formed on the basis of China’s foreign economic relations, Russia may occupy a niche of infrastructure solutions supplier in the field of energy, technologies of natural resources extraction, as well as military equipment and weapons to ensure the sovereignty of countries that extract and export natural resources.
The article examines the macroeconomic results of 2017 and provides an analysis of problems related to overcoming risks and threats that hamper the acceleration of the development of various spheres of the economy. Comparisons are given of trends by the development of the Russian and world economies on the dynamics of gross domestic product (GDP) and other macroeconomic indicators. The forecasts of macroeconomic indicators for 2018–2019 are given.
By the end of 2012 it has become obvious that Russian economy began a gradual slide into stagnation.