Russian Protectionism: Problems of the Institutional Heritage.

The article focuses on the issue of protectionism in Russia. It mentions it as a system of restrictions implied on the Russian markets for protecting the domestic market against foreign competition. It further mentions that protectionism in developing countries is used for the protection of emerging sectors against the expansionist economies. It adds that protectionism in Russia was introduced by Sergius Witte, a Russian policy maker, as a part of the Russian economic policy for the year 1892 to 1903. It mentions of program for the development of industry and trade in Russia where goals and tasks of protectionist policy were first formulated.