The economic potential of the Republic of Belarus after joining the SCO: Advantages and opportunities
- Авторлар: Balashova S.A.1, Usanova Y.A.1, Dolgikh V.A.1, Pavlov M.A.1, Popov V.V.1
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Мекемелер:
- RUDN University
- Шығарылым: Том 31, № 3 (2023): MODERNIZATION AND INNOVATION. NEW CHALLENGES OF THE WORLD ECONOMY
- Беттер: 476-488
- Бөлім: Developed and developing countries economy
- URL: https://journals.rcsi.science/2313-2329/article/view/324317
- DOI: https://doi.org/10.22363/2313-2329-2023-31-3-476-488
- EDN: https://elibrary.ru/NWTHPF
- ID: 324317
Дәйексөз келтіру
Толық мәтін
Аннотация
In the era of globalization, integration groupings have become an important tool for the development of many countries in the world economy. They contribute to the formation of close economic ties and coordination of foreign trade between the participants, which in turn has a favorable effect on the development of the national economy of the country. Participation in integration associations is of great importance for the development of Belarus’ economy and increasing its role in the international arena. Membership in the SCO opens up new prospects for the country and provides an opportunity to expand cooperation with other countries of the Asian region. Once Belarus becomes a full-fledged member of the association, the country will have new ways to develop its potential in various areas, including the economy, logistics, transport, security, culture, education, healthcare, tourism, industrial and agricultural sector, science, as well as experience in international multilateral cooperation. The article is devoted to the topic of assessing the potential of joining the Shanghai Cooperation Organization integration association of the Republic of Belarus. In order to assess the prospects of economic cooperation more accurately, the authors conducted an econometric analysis using a modified version of the traditional gravity model of Belarus’ foreign trade with the member countries. As a result, the authors have identified the most significant factors influencing the volume of trade with the member countries. By analyzing the ratio of calculated indicators to the actual level of exports and imports, the authors made a conclusion about the level of realization of trade potential with the SCO countries. As a consequence, the authors proposed possible ways to implement trade by analyzing the commodity structure of foreign trade flows of the Republic of Belarus with the members of the integration association.
Авторлар туралы
Svetlana Balashova
RUDN University
Хат алмасуға жауапты Автор.
Email: balashova_sa@pfur.ru
ORCID iD: 0000-0003-1797-8825
PhD in Physical and Mathematical Sciences, Head of the Economic and Mathematic Modelling Department, Faculty of Economics
6 Miklukho-Maklaya St, Moscow, 117198, Russian FederationYana Usanova
RUDN University
Email: 1032201956@pfur.ru
3-d year student of Faculty of Economics, Department of the Economic and Mathematic Modelling, Faculty of Economics 6 Miklukho-Maklaya St, Moscow, 117198, Russian Federation
Valeria Dolgikh
RUDN University
Email: 1032201953@pfur.ru
3-d year student, Economic and Mathematic Modelling Department, Faculty of Economics 6 Miklukho-Maklaya St, Moscow, 117198, Russian Federation
Maxim Pavlov
RUDN University
Email: 1032200876@pfur.ru
3-d year student, Economic and Mathematic Modelling Department, Faculty of Economics 6 Miklukho-Maklaya St, Moscow, 117198, Russian Federation
Vladislav Popov
RUDN University
Email: 1032200887@pfur.ru
ORCID iD: 0009-0008-1748-9398
3-d year student, Economic and Mathematic Modelling Department, Faculty of Economics
6 Miklukho-Maklaya St, Moscow, 117198, Russian FederationӘдебиет тізімі
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