scholarly journals Support of Economy in CIS Countries during the Pandemic

2020 ◽  
pp. 80-93
Author(s):  
A. Lampsi ◽  
◽  
◽  
Keyword(s):  
International Economic ◽  
Economic Institutions ◽  
Economic Exchange ◽  
Political Systems ◽  
Number Of Factors ◽  
Self Sufficiency ◽  
Similarities And Differences ◽  
Cis Countries ◽  
National Economies ◽  
In Cis

The COVID-19 pandemiс has dealt a severe blow to economy of the post-Soviet countries. Measures undertaken by governments of the CIS countries for supporting national economies have been determined by a number of factors, and political reasons often were playing a role no less important than economic ones. As a result, the situation with supporting economy during the pandemiс clearly revealed similarities and differences not only in economic, but also in political systems of the CIS countries, their orientation towards certain international economic institutions, the level of self-sufficiency of economies, their dependence and interdependence from different directions of economic exchange.

A Comprehensive Review of Regulatory Requirements and Registration Process of Pharmaceutical Drug Products in CIS Countries

2020 ◽  
Vol 7 (3) ◽  
pp. 162-176
Author(s):  
Kapil Pihwal ◽  
Neelam Pawar ◽  
Sheikh Aamir ◽  
Mohammad Shahbaz Alam ◽  
Vikas Rathee
Keyword(s):  
Regulatory Requirements ◽  
Health Value ◽  
Drug Products ◽  
Registration Process ◽  
Potential Market ◽  
Regulatory Guidelines ◽  
Cis Countries ◽  
In Cis ◽  
Regulatory Organization ◽  
Country Specific

Background: The CIS region has a potential market for India. The registration of the drug products in CIS regions is a challenging task because these countries have no harmonized regulatory organization. The CIS region includes 12 countries such as Russia, Kyrgyzstan, Ukraine, Uzbekistan, Kazakhstan, Tajikistan, Turkmenistan, Armenia, Azerbaijan, Belarus, Georgia and Moldova, which require different regulatory guidelines for medicinal product registration as per their FDA guidelines. The different guidelines for the same region become a challenging task for the manufacturer and exporter. The registration of the same product for different countries of CIS is not possible with the same dossier due to the lack of their regulatory harmonization. These countries obey their country-specific dossier format, so to target these market manufacturers and exporters needs to submit different dossier documents for different countries. But Ukraine and Kazakhstan have harmonization and it varies in Uzbekistan and Tajikistan. Ukraine and Kazakhstan are also imposing strict rules and expecting USFDA level documents for approval. Conclusion: The overall conclusion is that harmonization in CIS is highly imbalanced, which affects both time and cost for product registration. Harmonization is the need of the era for easy product registration, and it will be beneficial for the manufacturer, regulator, importer, exporter, and to access medicines of high public health value.

International Economic Institutions, Institutional Complementarities and Institutionalized Linkages. The International Trade Case

2011 ◽  
pp. 67-90
Author(s):  
Maurizio Mistri
Keyword(s):  
International Economic ◽  
International Trade ◽  
Institutional Economics ◽  
Procedural Knowledge ◽  
New Institutional Economics ◽  
Relative Price ◽  
Economic Institutions ◽  
Real Economy ◽  
Procedural Rationality ◽  
Institutional Complementarity

This paper analyses the forces at the base of the formation processes of international economic institutions following the fundamental New Institutional Economics (NIE) approach. In particular, the paper assumes that new international economic institutions respond to a principle of procedural rationality. This principle indicates that the formation of institutions takes place in an environment dominated by the bounded rationality of agents that produce institutions based on procedural knowledge accumulated over time. Particular attention is dedicated to the relationship between institutional innovation and economic growth. Specialized institutions stem from this relation, on par with the real economy, and generate more and more complex institutional systems. Within the institutionalist approach to the formation of institutions, the paper highlights Aoki's concepts on "institutionalized linkages" and "institutional complementarity"; these concepts are then correlated to Schelling's "strategy decomposition" concept; subsequently the forces that lead to institutional changes (Aoki and North) are analyzed. Specifically, in light of North's approach, conditions are analyzed that determine changes in institutions governing international trade relations deriving from changes in some structural dimensions such as relative price systems. These changes are possible since governments can renegotiate original agreements giving rise to compensations.

Unemployment and output dynamics in CIS countries: Okun’s law revisited

2016 ◽  
Vol 49 (34) ◽  
pp. 3453-3479 ◽  
Author(s):  
Marat Ibragimov ◽  
Rustam Ibragimov
Keyword(s):  
Okun’S Law ◽  
Okun's Law ◽  
Cis Countries ◽  
In Cis

scholarly journals Strategic areas of Ukraine’s national economy development under modern globalization transformation conditions

2019 ◽  
pp. 7-21
Author(s):  
Olha Vladymyr
Keyword(s):  
International Economic ◽  
Free Trade ◽  
National Economy ◽  
Pension System ◽  
International Experience ◽  
Invisible Hand ◽  
Trade Theory ◽  
National Production ◽  
National Economies ◽  
The Invisible

Introduction. The international economic community is promoting the principles of free trade theory, the principles of liberalization and the “invisible hand effect”, as well as the countries specialization and the erasure of national economic borders in the context of modern globalization processes. However, such recommendations are not always appropriate for countries with underdeveloped national economies and for countries that have not undergone a long period of development under conditions of national protectionism. Therefore, the article is devoted to the search of strategic directions for the national economy development under the conditions of modern globalization changes and economic and political instability. Purpose. Although Ukraine has adhered to the requirements and recommendations of international economic organizations over the past years, there has been no economic breakthrough in the country. Public life standards are not rising; according to various economic estimates and international rankings, Ukraine continues to hold weak positions. This situation requires special research and search for ways of entering the national economy of Ukraine to new positions. Methods. In the article methods of analysis and comparison of international experience and practice, methods of collection and systematization of statistical data’s are used. Results. The problems of low Ukrainian competitiveness among other countries have been revealed by taking into account the scientific literature analysis, international experience of national economies development in different countries and statistical data on the Ukrainian national economy. The priorities and principles of national production and industrial development, which ensure the competitive country’s position in the current globalization conditions, have been determined. The article shows Erik S. Reinert’s point of views, highlighted in the book “How Rich Countries Got Rich And Why Poor Countries Stay Poor” which relate to the critique of the recommendations regarding adherence to the free trade theory and specialization, as well as the liberalization principles and the “invisible hand effect”. The problems of the Ukrainian national economy development with postcolonial syndromes that are manifested in socio-psychological, managerial, cultural, as well as in economic behavior and peculiarities of national economy have been disclosed. Discussion. The necessity of structural changes in national production, as well as changes in scientific-educational, taxation and pension system, investment policy, overcoming oligarchy, and corruption, and excessive government intervention in a business have been substantiated. Three main components of the strategic national economy development have been proposed, concerning effective science education reform in order to strengthen the innovational capabilities and technological capacities of national production; reducing external debt and dependence on external creditors, orienting the financial sector towards serving and investing the in real economy; creating strong social, political and national, ethical and spiritual values in the society.

scholarly journals International Trade in Goods and Services: Aspects of Monetary and Financial Relations

2020 ◽  
Vol 19 (4) ◽  
pp. 40-49
Author(s):  
E.V. Potekhina ◽  
◽  
A.D. Efremova ◽  
Keyword(s):  
International Trade ◽  
Exchange Rate ◽  
World Economy ◽  
International Division ◽  
Goods And Services ◽  
Number Of Factors ◽  
The World ◽  
The Russian Federation ◽  
National Economies

the article examines such topical problems of the world economy as the peculiarities of interaction between the subjects of the world economy, international trade, international monetary and financial relations, the role of the exchange rate for national economies. The issues of the national economy of the Russian Federation and the degree of the country’s participation in the international division of labor and its openness are considered. In this paper, using the example of Russia, the export of goods and services is analyzed, its relationship with a number of factors (exchange rate and oil price), where the main tools are methods of statistical and econometric analysis.

scholarly journals Genesis And Development Of Capital Market In CIS Countries: Cases From Russia, Kazakhstan, And Uzbekistan

2021 ◽  
Vol 58 (1) ◽  
pp. 129-139
Author(s):  
Otabek Narziev
Keyword(s):  
Capital Market ◽  
Legal Framework ◽  
Market Regulation ◽  
Main Research ◽  
Market Formation ◽  
History Of ◽  
Research Questions ◽  
Capital Market Regulation ◽  
Cis Countries ◽  
In Cis

This paper provides the necessary information and analysis for understanding and considering the main research questions and discussions of the research. Notably, this section outlines the background to capital market formation and development in CIS countries through a brief history of the CIS; considers the necessity of capital market and its regulation in CIS countries; reviews the institutional and legal framework of capital market regulation, and analyzes certain problems of capital market development.

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