Cross-Border Markets for Construction Products: Exporting Model

Valery Viktorovich Ivanov and Darya Evgenievna Tremasova
Additional contact information
Valery Viktorovich Ivanov: Russian Foreign Trade Academy, Moscow, Russia
Darya Evgenievna Tremasova: National Research University “MIET”, Moscow, Russia

Russian Foreign Economic Journal, 2023, issue 4, 109-121

Abstract: The growth of markets in Southeast Asia and Africa opens up opportunities for Russian construction companies to establish and increase their presence on them. However, the fierce competition from foreign companies challenges entering new markets, thus facilitating the creation of new approaches to business promotion. First of all, extensive use of innovative construction technologies provides significant advantages when entering cross–border markets. Therefore, it is relevant to develop an economic model that allows to integrate strengths of the planned business with economic interests of the subjects of the world economy, offering maximum variety of mutual interests and new comfortable cooperation terms. The proposed model identifies investment opportunities for companies and prospects of economic returns within mutually beneficial international cooperation strategies, provides for management of resource flows in order to limit the risks of over budgeting, considers the factors of extensive promotion of construction products using high-tech product lines. The economic model allows to estimate system risks for construction business related to external and internal business environment of the country, such as risks of trade barriers and other negative factors, political and economic risks, modeling parameters of the competitiveness of products ready for production based on implementation of innovative technologies, and also at early stages to make a detailed economic assessment of the prospects and feasibility of doing business in the chosen country.

Keywords: cross-border markets; economic model; economic mechanisms in construction; innovative construction technologies (search for similar items in EconPapers)
Date: 2023
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://repec.vavt.ru/RePEc/alq/rufejo/rfej_2023_04_109-121.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2023_04_109-121

DOI: 10.24412/2072-8042-2023-4-109-121

Access Statistics for this article

More articles in Russian Foreign Economic Journal from Russian Foreign Trade Academy Ministry of economic development of the Russian Federation Contact information at EDIRC.
Bibliographic data for series maintained by Irina Katolik ().