In the 2000s the only way for Russian steel companies to penetrate developed markets was to buy local assets. The expansion of Russian metallurgical enterprises, for example, into the American market is the result of the fierce struggle of the United States for their local producers. The fact is...

In the three decades since China's economic opening to the world, the country's integration into the global economy has progressed by leaps and bounds. Especially after joining the WTO in 2001, international trade and investment flows have been on a steep upward trajectory. This process was not...