Market environment related issues of business development in the EAEU states
Abstract
Integration processes in the EAEU area are becoming a subject of keen interest both from the governments of the member states and from the international community amid growing global military-political and economic tensions. Developing new global supply chains provides a unique opportunity for the business community of the EAEU member states to offer the world economy alternative business models of interaction with regional markets. At the same time, traditional integration problems still remain relevant for the Union: the uneven development of national economies, the complicated bureaucratic nature of interagency procedures, differences in legal systems, technical barriers, low integration in innovation and technology, and others. The article defines the main essence of the problems associated with the Union interaction that impede the development of regional business. The article also reveals possible ways of resolving the most serious restrictions, emphasizing the importance of cooperation among the EAEU member states in boosting cross-border business.
About the Author
A. I. Afyan
MGIMO University
Russian Federation
Russian Federation
Aram I. Afyan - PhD in Economics, Associate Professor of the Department of Economic Policy and Public-Private Partnership
119454, Moscow, 76 Vernadsky Avenue
RSCI Author ID: 1090813
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Review
For citations:
Afyan A.I. Market environment related issues of business development in the EAEU states. International Business. 2023;(2 (4)):6-10.
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