ESTIMATION OF COMPARATIVE ADVANTAGES OF TRADE OF THE EAEU MEMBER STATES WITH REGIONAL MEGASTRUCTURES

Ashot Kh. Markosyan ()

International Trade and Trade Policy, 2018, issue 1

Abstract: The constantly growing competition in world markets is accompanied not only by the strengthening of the economic influence of certain countries – regional leaders, but also by the frequent clash of those countries that are struggling to gain regional or global leadership in foreign trade. Developing countries, meanwhile, are becoming the epicenter of competition, but due to inadequate economic development, underdevelopment of financial institutions, global dependence on raw materials, technological backwardness, they try to resist the competition of world powers through integration with large regional countries. Despite the fact that attempts to regional economic integration of developing countries do not lead to significant success, however this does not affect the creation of new and expansion of existing integration associations. Understanding the importance of this task, especially the role of individual regional integration groupings in geopolitical and geoeconomic relations, in the aspect of determining priorities and areas of cooperation, the article analyzes the comparative advantages of foreign trade of a number of integration groupings and assesses the ways and opportunities for developing their relations with the EAEU countries.Â

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2018:id:223

DOI: 10.21686/2410-7395-2018-1-67-84

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