Introduction / Evgeny Gavrilenkov, Paul J. J. Welfens and Ralf Wiegert -- A. Investment, Financial Markets, New Economy Dynamics and Growth in Transition Countries / Paul J. J. Welfens and Albrecht Kauffmann -- Comment / Natalja von Westernhagen -- B. Growth Dynamics in Transition Economies: The Role of Financial Development / Markus Niemke -- Comment / Andre Jungmittag -- C. Dynamic Causal Links between the Russian Stock Exchange and Selected International Stock Markets / Noer Azam Achsani and Hans Gerhard Strohe -- Comment / Frank Bohn -- D. Russia's Trade Relations: Structural Adjustment, Geographical Patterns and Terms of Trade / Olga Nosova -- Comment / Joachim Ahrens -- E. The Internationalization of the Russian Gas Industry and its Export Potential / Christian von Hirschhausen -- F. Licence or Contract -- What Kind of Petroleum Fiscal System is Required for Russia's Oil Industry? / Gert Ziener -- G. Obstacles to Growth and Competition: The Political Economy of Corruption and Rent-seeking in Russia / Ralf Wiegert -- Comment / Cathleen Faber -- H. Macroeconomic Situation in Russia: Growth, Investment and Capital Flows / Evgeny Gavrilenkov -- Comment / Rolf Jungnickel -- I. Problems of Russia with Financial Globalization / Grigori Feiguine and Tatjana Sedash -- Comment / Michael Vogelsang -- J. Russia on the Threshold of the WTO: Some Problems and Options / Ruslan Grinberg -- K. Russia and the WTO: What is at Stake? / Ognian N. Hishow -- L. The Role of Russian Regions in Economic Modernization and Opening up: Evidence from St. Petersburg and other Regions / Nina Oding -- Comment / Markus Ksoll.