The Digital Trade Route to an Economic Space in the Eurasian Economic Union: Institutions and Technology

Kobilzhon Zoidov and Alekxey Medkov
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Kobilzhon Zoidov: Institute of Economics and Demography, Academy of Sciences of the Republic of Tajikistan
Alekxey Medkov: Market Economy Institute of the Russian Academy of Sciences

Chapter Chapter 11 in Technology and Business Strategy, 2021, pp 149-164 from Springer

Abstract: Abstract It has been identified that it is the transportation industry that has seen the most active digitalization, more so within the industry itself, in transit carriages on Europe-Asia trade routes. Digital transformation of the transportation and communication systems as well as of modern trade routes is a vital necessity, especially pertaining to e-commerce. The main focus in the process of developing trade routes to the EEC economic space are the organizational and institutional features of implementing electronic navigational seals (“smart” seals) and electronic way bills, the digitalization and automatization of customs operations and other forms of control, identifying the directions of the use of autonomous (unmanned) vehicles powered by digital technologies, and others. The results may be utilized by Russia’s governing bodies in the framework of the development and expansion of the EEC, as well as by other post-Soviet nations, for the purposes of neutralizing the existing problems arising in the application of efficient socio-economic dynamics and the structure of economic growth regulation mechanism. For efficiently regulating the main problems and contradictions, as they arise from the linked socio-economic development of Russia alongside other member-states of the EEC at a time of instability, the suggestions and mechanisms developed may be needed in order to preserve and to strengthen the advantages that national economies offer.

Keywords: Institutions; Organizations; Innovations; Digital transformation; Trade routes; Transportation and transit systems; Rail transport; Automobiles; EEC; F13; E17; F63 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/978-3-030-63974-7_11

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