Asymmetry of the economic development of the Eurasian Economic Union: analysis and recommendations

The article analyses the asymmetry of the development of the Eurasian Economic Union countries (hereinafter referred to as the EAEU). The objective of the work is to analyse the symmetrical development of countries within the framework of the EAEU and to formulate measures and recommendations for in...

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Main Authors: A. A. Urunov, A. R. Vagapova, S. I. Shirinova
Format: Article
Language:English
Published: Publishing House of the State University of Management 2024-05-01
Series:Вестник университета
Subjects:
Online Access:https://vestnik.guu.ru/jour/article/view/5165
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author A. A. Urunov
A. R. Vagapova
S. I. Shirinova
author_facet A. A. Urunov
A. R. Vagapova
S. I. Shirinova
author_sort A. A. Urunov
collection DOAJ
description The article analyses the asymmetry of the development of the Eurasian Economic Union countries (hereinafter referred to as the EAEU). The objective of the work is to analyse the symmetrical development of countries within the framework of the EAEU and to formulate measures and recommendations for increase of the economic potential of the countries. In order to achieve the purpose, the objective of comparative assessment on the basis of three indicators was set and overcome. The three indicators include gross domestic product per capita, investments per capita and average accrued salary. The corresponding calculations were done for each indicator, and graphs were constructed showing the general state of the economic development. During the study, the methods of factor and system analysis were applied. The initial data for the study were the official sources of the statistical authorities of the EAEU countries, the Interstate Statistical Committee of the Commonwealth of Independent States as well as publications and scientific articles related to this topic. The main problem is the uneven economic development of the EAEU member states which leads to negative consequences for strengthening the integration process. As a result of the study, some measures were proposed to achieve the symmetrical development of the countries within the framework of the EAEU, and recommendations were prepared for the effective development of interaction between the member countries of the integration association. Following the results of this work, a conclusion was formulated on strengthening ties between the countries by focusing on a mixed economy with government regulation, infrastructure development and increased investment activity.
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spelling doaj-art-c79f09ef764b4eab95278329d24d2a422025-02-04T08:28:20ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152024-05-010312012910.26425/1816-4277-2024-3-120-1293058Asymmetry of the economic development of the Eurasian Economic Union: analysis and recommendationsA. A. Urunov0A. R. Vagapova1S. I. Shirinova2State University of ManagementState University of ManagementState University of ManagementThe article analyses the asymmetry of the development of the Eurasian Economic Union countries (hereinafter referred to as the EAEU). The objective of the work is to analyse the symmetrical development of countries within the framework of the EAEU and to formulate measures and recommendations for increase of the economic potential of the countries. In order to achieve the purpose, the objective of comparative assessment on the basis of three indicators was set and overcome. The three indicators include gross domestic product per capita, investments per capita and average accrued salary. The corresponding calculations were done for each indicator, and graphs were constructed showing the general state of the economic development. During the study, the methods of factor and system analysis were applied. The initial data for the study were the official sources of the statistical authorities of the EAEU countries, the Interstate Statistical Committee of the Commonwealth of Independent States as well as publications and scientific articles related to this topic. The main problem is the uneven economic development of the EAEU member states which leads to negative consequences for strengthening the integration process. As a result of the study, some measures were proposed to achieve the symmetrical development of the countries within the framework of the EAEU, and recommendations were prepared for the effective development of interaction between the member countries of the integration association. Following the results of this work, a conclusion was formulated on strengthening ties between the countries by focusing on a mixed economy with government regulation, infrastructure development and increased investment activity.https://vestnik.guu.ru/jour/article/view/5165eurasian economic unionasymmetric economic developmentcoefficients of varianceeconomic developmentindicators of comparative assessmentfactor analysissystem analysis
spellingShingle A. A. Urunov
A. R. Vagapova
S. I. Shirinova
Asymmetry of the economic development of the Eurasian Economic Union: analysis and recommendations
Вестник университета
eurasian economic union
asymmetric economic development
coefficients of variance
economic development
indicators of comparative assessment
factor analysis
system analysis
title Asymmetry of the economic development of the Eurasian Economic Union: analysis and recommendations
title_full Asymmetry of the economic development of the Eurasian Economic Union: analysis and recommendations
title_fullStr Asymmetry of the economic development of the Eurasian Economic Union: analysis and recommendations
title_full_unstemmed Asymmetry of the economic development of the Eurasian Economic Union: analysis and recommendations
title_short Asymmetry of the economic development of the Eurasian Economic Union: analysis and recommendations
title_sort asymmetry of the economic development of the eurasian economic union analysis and recommendations
topic eurasian economic union
asymmetric economic development
coefficients of variance
economic development
indicators of comparative assessment
factor analysis
system analysis
url https://vestnik.guu.ru/jour/article/view/5165
work_keys_str_mv AT aaurunov asymmetryoftheeconomicdevelopmentoftheeurasianeconomicunionanalysisandrecommendations
AT arvagapova asymmetryoftheeconomicdevelopmentoftheeurasianeconomicunionanalysisandrecommendations
AT sishirinova asymmetryoftheeconomicdevelopmentoftheeurasianeconomicunionanalysisandrecommendations