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Russia–Africa: New Cooperation Prospects in a Changing World

I. O. Abramova ()
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I. O. Abramova: Russian Academy of Sciences

Chapter Chapter 7 in Africa and the Formation of the New System of International Relations, 2021, pp 95-109 from Springer

Abstract: Abstract In contrast to the previous and still existing skeptical and even arrogant approach to assessing the quality of Russia’s economic cooperation with Africa, a new strategy is being advanced, considering the window of opportunities opened by the dynamic nature of the rapidly developing African economies. The current Russian strategies of economic development have been employing the opportunities given by engagement with Africa for the purposes of the recovery and diversification of the domestic manufacturing, the construction industry, the infrastructure, and the services sector to rather a very limited extent. Meanwhile, the African track opens a window of opportunity to restore and boost industries other than of primary sector in Russia, as well as to sharpen skills and upgrade mechanisms of penetration into highly competitive developed and transition economies.

Keywords: Africa; Russia; Economic cooperation; Development; Transition economies (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:aaechp:978-3-030-77336-6_7

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DOI: 10.1007/978-3-030-77336-6_7

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