scholarly journals KAZAKHSTAN IN THE EURASIAN ECONOMIC UNIT. RESULTS OF THE FIRST FIVE YEARS

2021 ◽  
pp. 111-121
Author(s):  
Daulet SAUTBEKOV ◽  
Erlan KYLBAYEV
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
International Trade ◽  
Economic Integration ◽  
National Economy ◽  
Eurasian Economic Union ◽  
Subsequent Period ◽  
Socio Economic Development ◽  
Economic Union ◽  
The Republic

The article discusses topical issues of economic integration of Kazakhstan within the framework of the Eurasian Economic Union (EAEU). Individual indicators of the socio-economic development of the republic on the eve of joining the EAEU and in the subsequent period of Kazakhstan's presence in the integration association are analyzed, tables and diagrams are compiled, reflecting the dynamics of the development of the national economy. The main problems in the structure of the economy of Kazakhstan are highlighted and some mechanisms for their solution are proposed. It is concluded that the integration potential of Kazakhstan is not fully utilized, certain industries have not been developed in the context of international trade, and the development of cooperative ties with the EAEU countries requires the use of additional measures in the investment and industrial policy of Kazakhstan. At the same time, in the changing conditions of international trade, Kazakhstan has the opportunity to strengthen its position, and integration opportunities can become a driver of economic growth in the coming years despite criticism from skeptics.

REPUBLIC OF UZBEKISTAN AND THE EURASIAN ECONOMIC UNION: INTEGRATION OPPORTUNITIES

2020 ◽  
Vol 9 (3) ◽  
pp. 87-99
Author(s):  
Nabi Ziyadullayev ◽  
◽  
Ulugbek Ziyadullayev ◽  
Keyword(s):  
International Trade ◽  
Foreign Trade ◽  
Central Asia ◽  
National Economy ◽  
Effective Interaction ◽  
Regional Powers ◽  
Eurasian Economic Union ◽  
Economic Union ◽  
The Republic ◽  
Cis Countries

The article reveals the features of the international trade, economic and integration priorities of the Republic of Uzbekistan. The conceptual approaches to joining the WTO, diversification of the geography and structure of foreign trade, as well as the expansion of foreign economic cooperation with world and regional powers, the CIS countries and Central Asia are substantiated. Particular attention is paid to risks and building vectors for effective interaction with the Eurasian Economic Union (EAEU), as well as mitigating the effects of the coronavirus pandemic on the national economy.

BELARUSIAN FORK: RESULTS OF POST-SOVIET SOCIO-ECONOMIC EVOLUTION AND SCENARIO OPTIONS FOR FURTHER DEVELOPMENT OF THE REPUBLIC OF BELARUS

2021 ◽  
pp. 70-87
Author(s):  
S.Yu. Glaziev
Keyword(s):  
Economic Development ◽  
Economic Integration ◽  
Economic Structure ◽  
Economic Evolution ◽  
Eurasian Economic Union ◽  
Technological Structure ◽  
World Economic ◽  
Economic Union ◽  
The Republic ◽  
Future Economic Development

The current socio-political upheavals, which are fraught with undermining the Belarusian statehood, may also torpedo the planned transition to the implementation of the strategy of advanced development of the Republic of Belarus based on increasing cooperation between Belarusian economic entities and Russian ones on the legal basis of the Union state of Russia and Belarus (USRB) and the Eurasian economic Union (EAEU). Summing up the socio-economic evolution of post-Soviet Belarus, which is impressive against the background of the corresponding results of other ex-Soviet republics, the author of the article connects these successes with the capacity of the Belarusian management system, which has already mastered a number of institutions of a new (integral) world economic structure, including strategic indicative macroeconomic planning. However, this in itself does not save from socio-political upheavals of various forms, strength and scale. The Republic of Belarus, like other members of the EAEU, needs to harmonize the interests of various social groups and consolidate society based on the state policy of increasing public welfare. Based on these principles, developed in numerous previous publications of the author, he makes recommendations for coping with the growing socio-political and socio-economic crises, as well as builds options for future economic development, depending primarily on the vector of the upcoming integration construction — Eurasian or European — that the Belarusian people will choose. Keywords: the Republic of Belarus (RB), Belarus, the Union State of Russia and Belarus (USRB), the Eurasian Economic Union (EAEU), the Eurasian Economic Commission, Eurasian economic integration, European economic integration, European Union (EU), cooperative interaction of economic entities, technological structure, new (sixth) technological structure, world economic structure, new (integrated) economic structure, strategy of advancing economic development, economic growth, convergent technology, the Republic of Ukraine (RU).

scholarly journals National priorities and prospects for the development of the Eurasian Economic Integration

2021 ◽  
pp. 33-74
Author(s):  
Marina Lvovna Vartanova
Keyword(s):  
Economic Development ◽  
Economic Integration ◽  
Fundamental Nature ◽  
Eurasian Economic Union ◽  
Current State ◽  
Socio Economic Development ◽  
Soviet Space ◽  
Positive Impression ◽  
Economic Union ◽  
Considerable Benefit

The chapter "National Priorities and Prospects for the Development of the Eurasian Economic Integration" is devoted to such issues as modern integration processes and prospects for the socio-economic development of the countries of the Eurasian Economic Union. The author describes the trends, problems, and contradictions of integration processes, and substantiates proposals for improving the effectiveness of building a new integration association in the post-Soviet space. A very positive impression on the reader is made by the thoroughness, the fundamental nature of the work under consideration, and the author's coverage of numerous aspects of the complex and acutely topical problem of the current state of the Eurasian Economic Union. This chapter will also be of undoubted and considerable benefit to all those who are interested in the problems of the formation of the Eurasian Economic Union.

scholarly journals Russia and the Eurasian economic Union: a comparative analysis of the sectoral structure of the economy and industrial policy

2019 ◽  
Vol 11 (1) ◽  
Author(s):  
Valentina Dorzhieva
Keyword(s):  
Economic Development ◽  
Industrial Policy ◽  
Economic Integration ◽  
Member States ◽  
Mutual Trade ◽  
Sectoral Structure ◽  
Eurasian Economic Union ◽  
Socio Economic Development ◽  
Economic Union ◽  
National Economies

The main objectives of the Eurasian economic Union (EAEU), as an international economic integration, are to increase the sustainability of socio-economic development and competitiveness of industrial complexes of the member States on the basis of the formation of a new model of development and implementation of a coordinated industrial policy. The main feature of the EAEU is the clear dominance of Russia in a number of indicators, including population, GDP, industrial production, exports and imports, mutual trade, and investment. It is proved that the considered economic integration as a whole led to the change after a long-term decline in the negative dynamics of GDP to positive according to official statistics and analytical reports of international organizations for the period 2013–2018 at the expense of a coordinated industrial policy. Namely, industrial policy determines the vector of modernization of national economies and regulates the volume and sectoral structure of GDP. The features and tools of industrial policy strategies implementation are revealed. In accordance with the classification of industrial development strategies adopted by the UN conference on trade and development (UNCTAD), the article defines the types and tools of applied industrial policy strategies in the EAEU member States. The results of cross-country comparisons of the main macroeconomic indicators show that the structure of national economies and the level of socio-economic development of the EAEU member States are uneven and differ significantly. At the same time, the structure of the national economy of Russia does not meet modern challenges in comparison with such developed countries as the USA and Germany. A special role in the EAEU is played by mutual trade, demonstrating much greater resistance to crisis processes, and foreign trade with third countries. The transition to a coordinated industrial policy contributes to the strengthening of intra-sectoral nature of mutual trade in the EAEU.

scholarly journals ASSESSMENT OF DIRECTION FOR COORDINATION OF MONETARY REGULATION OF INVESTMENT IN THE INTEGRATION UNIONS

2021 ◽  
pp. 27-36
Author(s):  
Marina Zelenkevich ◽  
Natallia Bandarenka
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Supply And Demand ◽  
Central Banks ◽  
Eurasian Economic Union ◽  
National Bank ◽  
Economic Union ◽  
The Republic ◽  
The Impact ◽  
Method Of Correlation

In the context of globalization and regionalization, central banks pursuing monetary policy in the country at the same time become subjects of monetary regulation within the framework of the integrational associations of which they are members. The purpose of the article is to assess the impact of monetary policy on investment and economic growth in integration unions and determine the appropriateness of their coordination. To achieve the goal, a method of correlation-regression analysis is proposed, one which allows for the identifying and assessing of the degree of influence of certain directions of monetary policy of the countries of the integration association on the indicators of investment and economic growth. As a result of the analysis, the expediency of coordination and implementation of a coordinated policy of central banks to stimulate the deposit and credit policy of commercial banks was proved, which positively affects the characteristics of supply and demand in the integrated investment market. The assessment of the directions of the coordination of monetary investments regulation was carried out on the example of an integration association - the Union of Belarus and Russia and can be extended to other integration associations with the participation of Belarus, in particular, to the monetary interaction of countries within the Eurasian Economic Union. The analysis is based on the statistical data of the National Statistical Committee and the National Bank of the Republic Belarus, the EAEU Department of Statistics, as well as statistical information from the Central Bank of Russia and the Union of Russia and Belarus.

scholarly journals Putin's and Russian-led Eurasian Economic Union: A hybrid half-economics and half-political “Janus Bifrons”

2018 ◽  
Vol 9 (1) ◽  
pp. 52-60 ◽  
Author(s):  
Bruno S. Sergi
Keyword(s):  
Economic Development ◽  
Economic Integration ◽  
Industrial Production ◽  
Political Agenda ◽  
Regional Economic Integration ◽  
Eurasian Economic Union ◽  
Soviet Space ◽  
Economic Union ◽  
Post Soviet Space

The Eurasian Economic Union is an institution formalized in January 2015 for the purpose of regional economic integration; it includes five countries: Russia, Kazakhstan, Belarus, Armenia, and Kyrgyzstan, and may include Mongolia and Tajikistan in the future. With a GDP of $1.59 trillion in 2015, an industrial production of $1.3 trillion in 2014, and population of almost 200 million as of 2016, the EEAU could represent a geopolitical success that supports both Putin's ambitious political agenda and the Union's economic prospects. Although the efforts of this Union are ongoing and long-term success is not certain, the Russia-led Eurasian Economic Union can be considered a hybrid half-economics and half-political “Janus Bifrons” that serves as a powerful illustration of what Putin envisions for the post-Soviet space. Despite promising steps so far, more should be done toward the achievement of economic development and balanced opportunity for all Eurasian countries. Russia's longstanding role within the Union, as well as its power and political motivations, are all considerations that must be accounted for.

scholarly journals ESSENCE AND CHARACTERISTIC OF INSTITUTIONAL TRANSFORMATIONS AND INSTITUTIONAL CHANGES

2017 ◽  
Vol 21 (5) ◽  
pp. 107-113
Author(s):  
L. V. Borovskaya
Keyword(s):  
Economic Development ◽  
Economic System ◽  
Bifurcation Point ◽  
National Economy ◽  
Institutional Environment ◽  
Institutional Changes ◽  
Social And Economic Development ◽  
Socio Economic Development ◽  
The Difference ◽  
The Republic

The structure of the national model of social and economic development is considered in the composition of types and subtypes of the economic system, taking into account the types of macroeconomic policy and the sector of the national economy, the nature of institutional transformations and institutional changes in the national economy is described, types of modern transformations or choice of alternative development options are identified. The difference between institutional changes and institutional transformations is revealed, namely institutional transformations and institutional changes are associated with the replacement of institutions, but it is the result of the former that the institutions that predetermine the functioning of the main components (predetermining attributes) of the economic system are replaced. It has been established that as a result of institutional transformations, changes take place in the system-forming institutions that predetermine the nature and characteristics of social and economic development. The transformations that took place or are potentially possible are determined in the context of the problem of managing the socio-economic development of the Republic of Crimea. It is determined that in the case of institutional transformations, there is necessarily a specific bifurcation point, characterized by the occurrence of a certain event or group of events, and is the starting platform for a specific institutional transformation. A scheme of various variants (scenarios) of the passage of the bifurcation point in the process of development of the national economy under the influence of external and internal factors is constructed, and changes in the states of development of the national economy during the passage of the bifurcation point are determined. The internal critical instability of the current state of development of the national economy has been studied. It is determined that institutional changes without the flow of institutional transformations represent a combination of the replacement of institutions in certain areas or spheres of socio-economic development. At the same time, the bifurcation point is absolutely not an obligatory condition, as a result of which institutional changes can take place constantly, thus constantly modernizing the institutional environment, taking into account new agreements, decision-making features and many other factors.

scholarly journals Problems of evaluating the effectiveness of innovative development institutions in the context of sustainable development of the national economy

KANT ◽  
2020 ◽  
Vol 37 (4) ◽  
pp. 177-182
Author(s):  
Ekaterina Milovanova
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Economic Development ◽  
National Economy ◽  
Assessment Methods ◽  
Innovative Development ◽  
Socio Economic Development ◽  
Development Institutions ◽  
Multi Criteria Analysis ◽  
Sustainable Economic Growth

The article considers the main trends in the development of innovative development institutions in the context of their compliance with the priorities of socio-economic development of industries and territories, as well as strategies for ensuring sustainable economic growth through diversification of the GDP structure. A methodology for evaluating the effectiveness of innovative development institutions is proposed based on the integration of traditional investment assessment methods with multi-factor and multi-criteria analysis tools.

The Competitiveness of the Industrial Sector of the National Economies within the Setting of the Eurasian Economic Union

2020 ◽  
Vol 10 (2) ◽  
pp. 631
Author(s):  
Perizat ORYNBET ◽  
Meirambala Beisembekovna SEISEKENOVA ◽  
Gaukhar SAKHANOVA ◽  
Yelena Ivanovna LADANENKO ◽  
Larisa A. KAPUSTYAN ◽  
...  
Keyword(s):  
Economic Development ◽  
Foreign Trade ◽  
Industrial Production ◽  
Industrial Sector ◽  
Competitive Advantages ◽  
Market Place ◽  
Eurasian Economic Union ◽  
Socio Economic Development ◽  
Economic Union ◽  
National Economies

This research examines the competitive advantages of the industrial sector of the national economies within the setting of the Eurasian Economic Union. The authors have analyzed a set of indicators of socio-economic development in the member states, including mutual and foreign trade, GDP, and key trends in industrial production. Special attention is devoted to the competitive advantages of Kazakhstan in the pharmaceutical and chemical industries. The authors have assessed the level of competitiveness of Kazakhstan-made products in the Union’s market place.

scholarly journals Path to the Common Monetary Authority: An Assessment on Banking Sector of the Eurasian Economic Union Countries during the Economic Integration Proces

2015 ◽  
Author(s):  
Fatma Gündoğdu Odabaşıoğlu
Keyword(s):  
Economic Integration ◽  
Russian Federation ◽  
Banking Sector ◽  
Monetary Authority ◽  
Price Stability ◽  
Eurasian Economic Union ◽  
Financial Strength ◽  
Advanced Stages ◽  
Economic Union ◽  
The Republic

Monetary union is one of the advanced stages of international economic integration and involves shared monetary and exchange rate policies that are executed collectively across union members. This common policy warrants price stability and requires a common supranational monetary authority. Existence of an established banking sector is crucial for effective execution of policy decisions taken by said monetary authorities. Eurasian Economic Union (EAEU) is officially established on January 1st of 2015 and is an example for a regional economic integration. Aim of the Union, which is comprised of Russia, Kazakhstan, Belarus and Republic of Armenia; is to increase collaboration among economies, to improve the living standards of the participating nations and to promote stable development. This study is based on assessment banking industries of member countries, working towards common monetary authority during the transition to EAEU economic integration between years 1995 and 2014. Data acquired from World Bank and member countries' central banks is used to determine the capabilities and limitations of partaking economies based on generally accepted financial strength indicators. In conclusion; Russian Federation and the Republic of Kazakhstan are observed to be the principal EAEU members due to their advanced and strong banking industries. Increasing fragilities over the years, amplified also by developments in global markets, are evident in member countries; especially in Belarus and Armenia. Significance of achieving price stability in founding country Russian Federation is emphasized for successfully establishing a common monetary authority.

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