EDB publishes a report on technological cooperation and the improvement of competitiveness in the CES
Saint Petersburg, 29 January 2013. The competitiveness of the Common Economic Space (CES) will be improved with the help of technological cooperation and corporate integration in Eurasia. This is the main conclusion made in the report Technological Cooperation and the Improvement of Competitiveness in the CES published today by Eurasian Development Bank’s (EDB) Centre for Integration Studies.
The report makes recommendations as to how improve the competitiveness of the CES on the global stage.
«The CES economy needs both internal diversification and external specialisation,» says Igor Finogenov, Chairman of the EDB Management Board. «An optimal strategy for the CES in the next seven to ten years would be internal diversification to ensure modernisation and growth and external specialization in traditional exports and high-tech products. Given the existing risks in the global economy this approach seems to be the most effective.»
In addition, the authors suggest that a coordinated industrial and trade policies should be formulated in the CES. In order to ensure its competitiveness, given the growing risk of degradation of a part of the technological base, special emphasis should be made on research-intensive production and services and the improvement of the quality of the business environment.
«In the global economy we see changes in technological patterns. During the current global crisis the economy is being renewed technologically and this coincides with cardinal changes in the structure of the global trade and opens new opportunities for weaker countries. Against the backdrop of the emerging technological pattern these countries can make a breakthrough during this period and catch up with global leaders. For this reason it is very important that the CES member countries develop a fast growth strategy which should be based on the modernisation of the existing research and cooperation ties and the harmonisation of industrial and trade policies,» comments Sergey Glazyev, Advisor to the Russian President and Chairman of the Scientific Council at the Centre for Integration Studies.
Developing joint programs for the formation of new industrial clusters, technological platforms and transport infrastructure will be the CES’ natural reaction to these changes.
Institutes of joint technological development are needed to speed up the advancement of research-intensive activities in the industrial and services sectors. The report provides recommendations and describes the tools which would help coordinate efforts to improve the competitiveness of the CES economies. In particular, in order to reliably assess the actual competitiveness of the CES countries and the integrated structure as a single player in the global competitive relationships the authors propose to develop a CES competitiveness monitoring system. In addition, the research explains why it would be expedient to transform the EurAsEC Centre for High Technologies into an independent interstate organisation — the Eurasian Agency for High and Research-Intensive Technologies — and speed up the creation of an integrated system of information on the Customs Union’s foreign and interstate trade without dividing it into national segments.
The full version of the report is available at https://eabr.org/analytics/technological_coordination/
Additional Information
Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital exceeds US $1.5 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. Read more at https://www.eabr.org.
The EDB Centre for Integration Studies was opened 2011. The Centre organises research and prepares reports and recommendations on regional economic integration. Read more about the Centre’s projects and publications athttps://eabr.org/e/research/centreCIS/aboutCIS