Assessment Of Industries With Competitive Advantages Of Kazakhstan And Eurasian Economic Union Member Countries

Abstract:

The modern history of the trade policy of the countries covers the most important processes of socio-economic development of the world in the era of globalization. Globalization contributes to the acceleration and modernization of economic growth. Today, almost all countries are covered by the process of world integration. However, it should be noted that countries face a huge number of problems of a different nature. The purpose of the article is to identify industries with the comparative advantages of Kazakhstan and all countries of the Eurasian Economic Union, and the integration association as a whole. For the evaluation, an index of the revealed comparative advantage proposed by B. Ballasa was used. Data of all EAEU member countries for 2017 on export revenues for 6 industries, whose products account for almost 94% of the total export volume of Kazakhstan were collected, and for analyzing the dynamics of export revenues, data on the export of Kazakhstan over the past 10 years were considered. As a result of the assessment, 3 industries with competitive advantages of Kazakhstan were identified. Also analyzing the dynamics of exports for 2008-2017, the sustainability of the advantages of these industries is noted. The conclusion contains recommendations on maintaining competitiveness and modernization of these industries, as well as measures for embedding the EAEU into the global value chain.

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