Academic Journal
The Role of Russia in the Development of Integration Processes in Emerging Markets
| Τίτλος: | The Role of Russia in the Development of Integration Processes in Emerging Markets |
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| Συγγραφείς: | Kheyfets, B. A., Chernova, V. Yu. |
| Πηγή: | Экономика региона, Vol 16, Iss 2, Pp 625-636 (2020) |
| Στοιχεία εκδότη: | Institute of Economics of the Ural Branch of the RAS, 2020. |
| Έτος έκδοσης: | 2020 |
| Θεματικοί όροι: | TRADE LIBERALIZATION, ЭКОНОМИЧЕСКИЙ РОСТ, integration, trade balance, ECONOMIC GROWTH, САНКЦИИ, Regional economics. Space in economics, 03 medical and health sciences, ТОРГОВЫЙ БАЛАНС, 0302 clinical medicine, ИНВЕСТИЦИИ, ПРОТЕКЦИОНИЗМ, TRADE BALANCE, investments, INTERNATIONAL DIVISION OF LABOUR, MACRO REGIONAL ASSOCIATIONS, GLOBALIZATION, macro regional associations, ГЛОБАЛИЗАЦИЯ, protectionism, INVESTMENTS, 9. Industry and infrastructure, МЕЖДУНАРОДНОЕ РАЗДЕЛЕНИЕ ТРУДА, sanctions, 1. No poverty, production chains, 16. Peace & justice, economic growth, trade liberalization, PRODUCTION CHAINS, ПРОИЗВОДСТВЕННЫЕ ЦЕПОЧКИ, ЛИБЕРАЛИЗАЦИЯ ТОРГОВЛИ, HT388, 8. Economic growth, ИНТЕГРАЦИЯ, МАКРОРЕГИОНАЛЬНЫЕ ОБЪЕДИНЕНИЯ, INTEGRATION, PROTECTIONISM, globalization, SANCTIONS, international division of labour |
| Περιγραφή: | Due to post-crisis slowdown in globalization, there is a necessity to structurally transform the Russian economy, strengthen the existing strategic partnerships and explore new economic growth points. Thus, the paper substantiates the importance of Russia’s participation in macro-regional economic associations. We examine the problems and risks of partnership development between the countries. Based on a mutual trade significance index, we analyse the importance of trade between the Russian Federation and the countries of the Eurasian Economic Union (EAEU), BRICS (Brazil, India, China and South Africa), and Shanghai Cooperation Organisation (SCO). The analysis shows that the share of Russian trade with the BRICS and SCO countries is growing fastest, largely due to the trade with China. At the same time, for the economic growth of the EAEU member countries, intra-union trade is less beneficial than the development of foreign trade relations. Moreover, recently the EAEU partners of Russia have been more interested in establishing and developing relations with third countries. The EAEU countries face a variety of problems during the integration process, including the fundamental incompatibility of the interests of the participants. Based on the obtained results, we demonstrate the development prospects of cooperation between Russia and various integration associations. The main obstacle for establishing new economic unions is the low competitiveness of the Russian economy. Even though the current situation does not enhance inter-regional cooperation, it provides Russia an opportunity to strengthen cooperation in the Asia-Pacific region and increase its participation in multilateral mechanisms. We conclude that in the medium term EAEU has to focus on strengthening the existing institutions and creating a modern flexible economic partnership. |
| Τύπος εγγράφου: | Article |
| Περιγραφή αρχείου: | application/pdf |
| ISSN: | 2072-6414 |
| DOI: | 10.17059/2020-2-22 |
| Σύνδεσμος πρόσβασης: | https://doaj.org/article/5e5013f1a4c3411884b40fde39e46efd http://doi.org/10.17059/2020-2-22 https://cyberleninka.ru/article/n/rol-rossii-v-razvitii-integratsionnyh-protsessov-na-razvivayuschihsya-rynkah https://elar.urfu.ru/handle/10995/92095 https://elar.urfu.ru/bitstream/10995/92095/1/2020_16_2_022.pdf http://elar.urfu.ru/handle/10995/92095 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85089699576&doi=10.17059/2020-2-22&partnerID=40&md5=af526b8f6a09885919e507f41cbe6888 |
| Αριθμός Καταχώρησης: | edsair.doi.dedup.....469dea9f46f691dc6640c96dbef09ba6 |
| Βάση Δεδομένων: | OpenAIRE |
| ISSN: | 20726414 |
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| DOI: | 10.17059/2020-2-22 |