Analyzing the financial and economic conditions of Russia as a border between developing countries of Europe and Asia

Abstract

Subject. The article considers the financial and economic status of Russia as compared to developing countries of Europe and Asia. Objectives. The aim is to determine the financial and economic role and opportunities for development of Russia as a border between the developing countries of Europe and Asia. Methods. The study rests on the systems approach, using the methods of descriptive statistics and cluster analysis. Results. The study identifies the GDP deflator as a common dominating indicator. It reflects the activity and instability of the price index. Developing countries have consistently low values relative to Russia, the Russian GDP deflator is the limit. Asia, having less capital-intensive economies, is more stable in terms of the growth rate of the relevant indicator. Russia is defined as a source of price index instability and a benchmark for developing countries of Europe and Asia. The main causes of instability are governance and GDP. Conclusions. The success of Russia's development as a border between the developing countries of Europe and Asia depends on the consistency between the limits of economic relations and the existing structure of the Russian economy.