INTERNATIONAL SPECIALIZATION OF THE REPUBLIC OF BELARUS IN THE EAEU: OPPORTUNITIES FORI NVESTMENT INTEGRATION
https://doi.org/10.21686/2410-7395-2018-4-40-61
Abstract
The article presents the possibility of using a country's bilateral trade analysis as the informational basis for identifying priority areas and industries in manufacturing from which outward direct investment (ODI) could be promoted to the host countries that are trading partners within the integration area. There has been elaborated a methodology for determining priority industries and types of ODI strategies. It includes eight stages of a dynamic assessment of the country's international specialization change in bilateral trade. The methodology comprises the evaluation of the following indicators: comparative advantages in international trade between the country and partners in order to determine the priority sectors for ODI identify the types of ODI strategies; the nature of intra-industry trade of the country and partner countries to determine the possibilities for global and regional value chains creation. The methodology has been applied to the case of theRepublicofBelarus. There have been evaluated the dynamic changes in its international specialization in bilateral trade with the EAEU partner countries on the basis of the 4-digit UN Standard International Trade Classification code. Static and dynamic effects of integration were identified, on the basis of which the types of potential ODI strategies fromBelarusto the EAEU partner countries were revealed.
About the Author
A. N. Petrushkevich
Belarusian State Economic University
Belarus
Belarus
Alena N. Petrushkevich - PhD, Associate Professor of the Department for World Economy
26 Partizansky Ave., Minsk, 20070
References
1. Isachenko T. M. Torgovaya politika Evropeyskogo soyuza [European Union Trade Policy]. Moscow, HSE, 2010. (In Russ.).
2. Kadochnikov P. A. Perspektivnye voprosy rasshireniya uchastiya Rossii v global'nyh tsepochkah sozdaniya stoimosti [Perspective Issues of Expanding Russia's Participation in Global Value Chains]. Rossiyskiy Vneshneekonomicheskiy Vestnik [Russian Foreign Economic Journal], 2015, No. 2, pp. 8–13. (In Russ.).
3. Kadochnikov S. M. Pryamye zarubezhnye investitsii v sovremennoy teorii mezhdunarodnoy torgovli: osnovnye rezul'taty [Foreign Direct Investment in the Contemporary International Trade Theory: Main Results], Vestnik Sankt-Peterburgskogo universiteta. Ekonomika [The State Petersburg University Journal of Economic Studies], 2003, No. 1 (5), pp. 78–80. (In Russ.).
4. Korol'kova I. L. Vliyanie pryamyh inostrannyh investitsiy transnatsional'nyh korporatsiy na razvitie mezhdunarodnogo proizvodstva v kontse XX veka [The Impact of Foreign Direct Investment by Transnational Corporations on the Development of International Production at the End of the 20th Century], Vestnik Sankt-Peterburgskogo universiteta. Ekonomika [The State Petersburg University Journal of Economic Studies], 2003, No. 1 (5), pp. 148–152. (In Russ.).
5. Kuznetsov A. V. Vyvoz kapitala rossiyskimi TNK: prichiny dominirovaniya Bol'shoy Evropy [The Exports of Capital by Russian TNCs: the Reasons for the Dominance of Big Europe], Vestnik MGIMO Universiteta, 2013, No. 4 (31), pp. 92–97. (In Russ.).
6. Nevskaya A. A. Pryamye inostrannye investitsii ukrainskih kompaniy za rubezhom [Foreign Direct Investment of Ukrainian Companies Abroad], Evraziyskaya ekonomicheskaya integratsiya [Eurasian Economic Integration], 2015, No. 1 (26), pp. 26–38. (In Russ.).
7. Ozhigina V. V. Strukturnye izmeneniya torgovli EAES, ASEAN, SHOS i ES [Structural Changes in Trade of the EAEU, ASEAN, SCO and EU], Mezhdunarodnaya torgovlya i torgovaya politika [International Trade and Trade Policy], 2018, No. 1 (13), pp. 33–49. (In Russ.).
8. Pahomov A. A. Eksport pryamyh investitsiy iz Rossii : ocherki teorii i praktika [Direct Investment Exports from Russia: Essay Theory and Practice]. Moscow, Gaidar Publishing House, 2012. (In Russ.).
9. Petrushkevich A. N. Gosudarstvennoe regulirovanie vyvoza pryamyh investitsiy: motivatsiya i modifikatsiya v XXI veke [State Regulation of Outward Direct Investment: Motivation and Modification in the 21st Century], Belorusskiy ekonomicheskiy zhurnal [Belarusian Economic Journal], 2017, No. 2, pp. 37–51. (In Russ.).
10. Petrushkevich A. N. Mezhdunarodnye pryamye investitsii v razvitii mirovoy ekonomiki XXI veka [International Direct Investment in the Development of the World Economy of the XXI Century]. Minsk, RIVSH, 2016. (In Russ.).
11. Pranevich A. A. Integratsionnye obedineniya stran: problemy i faktory konkurentnoy ustoychivosti v sovremennoy mirovoy ekonomike [Integration Groupings of Countries: Challenges and Competitive Factors for Sustainability in the Modern World Economy], Belorusskiy ekonomicheskiy zhurnal [Belarusian Economic Journal], 2016, No. 1, pp. 4–21. (In Russ.).
12. Pranevich A. A. Torgovo-ekonomicheskoe sotrudnichestvo EAES s regional'nymi i megaregional'nymi integratsionnymi ob"edineniyami: tendentsii, napravleniya, vygody i ugrozy [Trade and Economic Cooperation of the EAEU with Regional and Mega-Regional Integration Associations: Trends, Directions, Benefits and Threats], Mezhdunarodnaya torgovlya i torgovaya politika [International Trade and Trade Policy], 2018, No. 1 (13), pp. 33–49. (In Russ.).
13. Presnyakova E. V., Mateychuk T. S., Zaytseva E. V. Mekhanizm stimulirovaniya vzaimnyh investitsiy Respubliki Belarus' i gosudarstv – chlenov Evraziyskogo ekonomicheskogo soyuza [Mechanism of Stimulation of Mutual Investments of the Republic of Belarus and the Member States of the Eurasian Economic Union]. Minsk, Institut ekonomiki NAN Belarusi, 2017. (In Russ.).
14. Tsvetkova N. N. TNK v stranah Vostoka: pryamye inostrannye investitsii i global'nye proizvodstvennye seti [TNCs in Eastern Countries: Foreign Direct Investment and Global Production Networks], Vostochnaya analitika [Eastern analytics], 2012, No. 3, pp. 76–84. (In Russ.).
15. Dunning J. H., Lundan S. M. Multinational Enterprises and Global Economy. 2nd ed. Cheltenham, Edward Elgar, 2008.
16. Helpman E. A Simple Theory of International Trade with Multinational Corporations, Journal of Political Economy, 1984, Vol. 92, pp. 451–471.
17. Helpman E. Market Structure and Foreign Trade: Increasing Returns, Imperfect Competition and the International Economy. MIT Press, Cambrige, 1985.
18. Markusen J. The Boundaries of Multinational Enterprises and the Theory of International Trade, Journal of Economic Perspectives, 1995, Vol. 9, pp.169–189.
19. Orefice G., Rocha N. Deep Integration and Production Networks: an Empirical Analysis, Staff Working Paper ERSD, 2011, July 11.
20. Ozawa T. Foreign Direct Investment and Economic Development, Transnational Corporations, 1992, Vol. 1, No. 1, pp. 27–54.
21. Regional Trade Agreements. New York and Geneva, UNCTAD, 2010.
22. Vernon R. Storm over the Multinationals. Cambridge, Massachusetts, Harvard University Press, 1977.
Review
For citations:
Petrushkevich A.N. INTERNATIONAL SPECIALIZATION OF THE REPUBLIC OF BELARUS IN THE EAEU: OPPORTUNITIES FORI NVESTMENT INTEGRATION. International Trade and Trade Policy. 2018;(4):40-61. (In Russ.) https://doi.org/10.21686/2410-7395-2018-4-40-61
Views:
719
Email this article 
