FOREIGN DEBT OF RUSSIA: DEBT DEPENDENCE AND IMPERIALIST RENT

Abstract

The article analyzes the problem of Russia foreign debt from the point of view of the world-system approach as a form of economic dependence. The debt dependence of Russia is revealed in increase in the foreign debt volume and its service and in the trend of negative net-transfer in favour of creditors. The author identifies the volumes of imperialist rent, which is passed by Russia to countries of the center in respect to foreign debt. It is pointed out that debt dependence is based on dependence in the field of production and trade, thus its overcoming is possible only with simultaneous overcoming of different forms of economic dependence.

Keywords

• foreign debt
• debt dependence
• currency rate by buying capacity parity
• negative net-transfer by debt
• imperialist rent