Economic Development of Russia in the Context of European and Central Asian Countries

The article presents and discusses the results of the study aimed at carrying out complex analysis of the dynamics of economy of European and Central Asian countries and identification of supra-country forms of economic development of Russia. The study is based on the system approach using the methods of statistical, cluster and nonparametric analysis. The relevance of the study was justified; the retrospective of international scientific and technological cooperation between European and Central Asian countries was considered. Stability regarding Austria and Belgium was revealed following the assessment of the dynamics of economic growth of European and Central Asian countries. Russia, with low density of the population, is close to the country group with sustainable growth by the rate of unemployment, and far behind by GDP per capita. Russia is in the cluster with Germany, the interest of the latter is focused on Armenia and Kazakhstan. Substantial risks of recession emerging in Germany could have a negative impact on the development of Russian economy. The dynamics of economic development of European and Central Asian countries is caused by the differences in the population density and number of various minerals.Taking stand between the excessive potential of European knowledge (technologies) and minerals of Central Asia, Russia can create a supra-country form of development capable of ensuring stably high economic growth rates without using own minerals.The conclusions and results of the study may be highly sought by state authorities in the process of selection and justification of the supra-country forms of development of Russian economy in the context of international cooperation with European and Central Asian countries.

growth dynamics, cluster, complex analysis, international cooperation, supranational forms of development, system approach

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