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ECO journal (ECOnomics and industrial Engineering)

2018 year, number 10

Is the Silk Road a Corridor of New Opportunities for the East of Russia or an Indicator of Their Underdevelopment?

N. I. Atanov
Buryat State University
Keywords: Великий шелковый путь, Евразийский экономический союз, экономический коридор, муниципальные районы, локальная экономика, Республика Бурятия, Байкальский регион, Great silk road, Eurasian economic Union, economic corridor, municipal areas, local economy, Republic of Buryatia, Baikal region

Abstract

The problem of economic integration in the Great silk road project and the Siberian economic corridor is relevant not only for border regions falling into their impact zone, but also for individual municipalities. Analysis of municipal economiesin the border areas of the Republic of Buryatia revealed extremely low starting conditions for their integration into the international division of labor. Meanwhile there are significant reserves in the region to increase their economic opportunities. The author proposes some concrete measures at the local, regional and Federal levels to let those municipal economies increase the competitiveness and realize theirchance for integration into the trade and economic chains of the external market, including the EAEU and the GSP.