Petrostate and the developmental state: The need for export diversification

This article examines the problem of the commodity structure of Russian exports, its connection to the peripheral nature of the country's participation in the global economy, and its conditionality by the model of a dependent market economy established in the state. The peripheral character is manifested in the Russian economy receiving a world-system anti-rent - a detriment associated with the lower remuneration for those links of global value chains in which Russian capital operates, among other negative effects. The reasons leading to the increasing peripherization of Russia's trade status are identified. The article demonstrates why attempts to build a model of an independent market economy in Russia have proven unsuccessful. The processes of reproduction, the negative consequences of the functioning, and the further perpetuation of the current model of the market economy and the commodity structure of Russian exports under contemporary conditions are revealed. The necessity of forming a model of a market economy with a new type of "developmental state" is shown. The authors declare no conflicts of interests.

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