Akademik Məlumat İdarəetmə Sistemi
Economic and Social Development 55th International Scientific Conference on Economic and Social Development, Baku, Azerbaijan, 18 - 19 June 2020, vol.8, no.24, pp.510-517, (Full Text)
ABSTRACT The economic, social, political processes taking place in the world radically transformed the system of relations between countries in the post-Soviet space. The readiness of the CIS countries for global changes was clearly insufficient. The development of complex processes related to the transformation of all relations in society has highlighted the problems of stability and social integration. The problem of studying the content of these processes is becoming increasingly important. First of all, it is necessary to realize that change cannot be limited to a narrow economic field. In our understanding, this approach allows us to analyze relations in a transitional society, where politics, economics and the social sphere are closely intertwined. The transition to the stage of sustainable economic growth is possible only on the basis of the formation of the technological potential of production, the development of entrepreneurship, and social mobility of workers. After the collapse of the Soviet Union, Russia and the new independent states remained with a very unusual configuration of the economy and the infrastructure and technological base. The traditional business in the CIS - trade in raw materials and industrial cooperation - is in crisis. Especially the economies of the oil-exporting countries of the region have undergone significant changes under the influence of falling oil prices in world markets. In 2015, a sharp drop in world prices for raw materials, devaluation of national currencies, economic sanctions against Russia had negative consequences in trade relations within the region, as well as with the EU countries. But now, political, financial and technical obstacles tied to the spread of the Coronavirus may disrupt this relations and making it logistically and politically complicated.
Keywords: Bilateral cooperation, Economic diversification, New Silk Road, Regional economic projects, Regional integration