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cantly closer to the performance of foreign companies and will improve their chances of success after coming to our market foreign enterprises by applying these modern management technologies in practice.

After Russia's accession to the WTO administrative resources will be depreciated, because international investors will put pressure on Russian Government and force it to ensure their safety, because today, government bodies are ineffective to protect the interests of investors. When the head of state wants to attract investment, he will be forced to fight corruption. This will entail devaluation of administrative resources, and businesses based on the administrative resource, will weaken. So, Russian companies will have to learn how to compete in such conditions.

The labour force will rise in price, because non-residents will be offered higher salaries and the best specialists will go to them. And Russian companies will be forced to pay more is less than competent professionals. In addition, the coming rise in prices of energy resources.(8) This is a condition of accession to the WTO. There is no money for science in Russia, because we have not learned how to earn it. That's why foreign companies will offer funding for our science. Environmental requirements will be stickler because the legislation of the Russian Federation will be gradually brought into line with international standards. In other words, our strengths will be levelled and the advantages of foreign companies will be a critical success factor for new international Russian market. Foreign companies will move their production lines to Russia, they will bring the latest technologies and will use our cheap labour and energy resources. This will give them an opportunity to get a huge competitive advantage. And the presence of cheap financial resources will enable them to quickly expand their businesses.

Another advantage of Russia's accession to WTO is an introduction to the Russian legislation stable, predictable rules of the 'game' for economic operators, which are used by its members. The extension of these rules to Russia would not only improve its foreign investment attraction, but also make it more predictable and clear economic and legal environment for their own businesses. Companies engaged in global trade know that in any of the WTO member country, they can rely on common approaches for the use of tariffs and other instruments of foreign economic activity, which significantly increases the efficiency of the commercial solutions.

Nowadays, we significantly lag behind foreign companies in the development of management technologies and can not compete with them. But today, Russian companies have the time to apply the advances in the science of management, building management systems that allow them to catch up with foreign companies in terms of technology and after the accession to the WTO to compete with them in the sphere of management.

Nevertheless, it should be noted that there are obvious benefits of free trade for consumers like the benefit of lowering of living cost by reducing protectionist trade barriers. In more than 50 years of its existence WTO held many rounds of negotiations, and now trade barriers around the world are lower than they were ever in the history of modern trade.(9) Not only ready-made imported goods and services will be cheaper but also domestic products, which are us