Vladimir Yasinsky speaks about macroeconomic effects of the Single Economic Space in Astana

Almaty, 12 December 2012. Vladimir Yasinsky, Managing Director for Research and Member of the Management Board at Eurasian Development Bank (EDB), spoke today in Astana at the roundtable «Economic Globalisation: Cooperation and Management Strategy.» He reported on the forecasted macroeconomic effects of the Single Economic Space (SES).

In particular, Vladimir Yasinsky stated that the long-term macroeconomic effect of deeper integration of Russia, Kazakhstan and Belarus in the SES, which will become possible with the development of trade and industrial cooperation and the alignment of their technological level, will be a 2.5% growth in their aggregate GDP.

Kazakhstan’s best researchers and experts took part in the forum to discuss a wide a range of issues: from the condition, challenges and prospects of the SES and the advancement of other forms of regional and interstate cooperation (including the Turkestan Oniri interstate spiritual and technological cluster) to Kazakhstan’s innovation development in the context of globalisation.

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.