Implications of the growth of China and India for the other Asian giant — Russia *

Wilson and Purushothaman (2003) and many other recent studies have pointed to the rapid changes associated with the growth of today’s major developing economies, including Brazil, Russia, India, and China (the BRICs). Trade linkages, both direct and indirect, are transforming world trade, and particularly the trade of countries such as Russia, which has most of her territory in Asia and is actively involved in regional trade forums such as APEC (Asia-Pacific Economic Cooperation). Projected future growth of China and India also appears likely to have major impacts through increased demand for the natural resources that are of special importance to Russia.