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Russian-American Friction and Their Consequences for Business (based on the American press from 2002 to 2012)

Journal: Business Education in the Knowledge Economy (Vol.1, No. 1)

Publication Date:

Authors : ;

Page : 155-157

Keywords : Russian-American relations; Russian-American frictions; economic punishment;

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Abstract

This article reports on a research (2014) on the aftermath of various political differences of Russia and America in business. This friction was obviously supposed to have a serious impact on our trade relations. However, the reality differs from anticipation. Having analyzed the articles in the American media from 2002 to 2012, the author came to a conclusion that political friction (like E. Snowden's case, for example) was inevitably to affect the trade climate between the two countries.” The reality is, however, that the annual growth of export/import level means that political differences do not affect much the business sphere in the USA and in Russia. Collating the data of economic indices and predictions of reporters, the author concludes by proving that journalists were very often inclined to exaggerate the facts and spread panic, while the economic benefits for both countries seemed to be tangible, which prevented Russia and America from imposing any sanctions against each other.

Last modified: 2017-10-06 12:06:27