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EEC Minister Sergei Glazyev: "The EAEU competitiveness depends more on whether our countries will be able to move to a new technological paradigm"

EEC Minister Sergei Glazyev: "The EAEU competitiveness depends more on whether our countries will be able to move to a new technological paradigm"


New requirements for assessing the level of countries' competitiveness within the context of transiting to the digital stage of the world economic development, problematic areas and promising directions for improving the competitiveness of participating countries of the Eurasian Economic Union (EAEU) and the Commonwealth of Independent States (CIS) were discussed at the headquarters of the Eurasian Economic Commission (EEC) by participants of the International Seminar "Modern outlook on the economy’s competitiveness. Challenges and prospects for the EAEU and the CIS countries". 

Sergei Glazyev, Member of the Board – EEC Minister in charge of Integration and Macroeconomics noted that the current change of technological paradigms had created opportunities for a qualitative breakthrough of the EAEU countries' national economies. The Commission assesses the Member States’ competitiveness within this context with due regard to the integration influence. In particular, in 2019, the report "Assessing the impact of integration on the competitiveness level of the Eurasian Economic Union Member States" was prepared. 

Karine Minasyan, Member of the Board – EEC Minister in charge of Internal Markets, Informatization, Information and Communication Technologies, stressed that the inclusion of the Union countries in digitalization processes would be an important condition for increasing competitiveness. 

"Increasing the national economy's competitiveness directly depends on improving the quality of life of the country’s population", – considers Aleksey Prazdnichnykh from Strategy Partners. "Miracle is not going to happen", - he stated, having explained that progress in ensuring competitiveness would be directly determined by efforts taken by decision-makers at the state level. 

According to Alexis Rodzianko, President of the American Chamber of Commerce in Russia, and Frank Schauff, Director General of the Association of European Businesses, the issues of improving competitiveness have become particularly relevant for Russia under sanctions.

As one of key factors for ensuring competitiveness, the seminar participants highlighted the formation of conditions to efficiently involve business in digitalization processes. According to Alexey Ivanov, Director of the HSE – Skolkovo Institute of Law and Development, the Member States should use the integration potential to achieve this goal by creating a single digital space. "We have entered the era of ecosystem economy", - he declared, explaining that nowadays the ability to determine the market growth vector goes to the "architects" who manage digital systems due to increasing interdependence. However, there are no such "architects" in the EAEU yet.

Efficient involvement of national enterprises in global value chains is another important aspect of increasing competitiveness. According to Dmitry Belousov, Head of Analysis and Short-Term Forecasting of Macroeconomic Processes at the Center for Macroeconomic Analysis and Short-Term Forecasting, additional acceleration of industrial production growth rates in the Union countries can reach 1.7-3.7 percentage points. 

Discussing possible measures to support manufacturers of high-tech products, Svetlana Kamaeva, Director General of RDC Transkor-K, LLC, pointed out the need for supporting national brands, in particular to ensure their positive perception in the EAEU countries. Viktor Kiselev, Director of Metrotex, LLC, stressed, in the context of his enterprise, the importance of training qualified personnel the lack of which holds back the implementation of structural changes for transiting to high-tech production.

In conclusion, the seminar participants noted the importance of taking a comprehensive approach to improving national competitiveness within the context of integration association. 

The statements of the seminar speakers are available to download using the link.​