Abstract
Today’s development trends are affected by many external and internal factors, stepping up globalization processes, faster innovation cycles, negative effects of various bans, import and export sanctions slapped on some categories of goods, technologies, capital, etc. Tit-for-tat responses of the economic systems seek sustainable development of countries taking part in the integration processes. A radical-yet-constructive strategy that deepens integration can tackle the problem. Its focus is determined by the need to upgrade the economies of the former Soviet Union; while a mutual interest in the rollout of the synergistic integration potential channels common efforts on transcontinental megaprojects. A new type of integration projects creates comprehensive methods of project management. They feature the need for information transparency and controlled alignment of innovation, investment, construction and resource capacities of member countries. With streamlined resource flows, the Eurasian transit will help facilitate and cut costs of commodity exchange among countries, provided they take synchronized efforts in not just technical and technological, but also organizational, economic, legal and IT innovations.
Highlights
The modern history of Russia is full of unexplained, at first glance, phenomena
Driven by the increasing pressure of transnational capital that scarcely ever adheres to the market principles of free competition, the project pool supporting the Eurasian integration of Russia, Kazakhstan and other CIS countries is becoming a prerequisite for competitiveness at global scale
Scientists from Kazakhstan, Russia and the Chinese corporation Sinohydro deal with complex feasibility study of real conditions and prospects of Eurasia canal project
Summary
The modern history of Russia is full of unexplained, at first glance, phenomena. The hard-line market reforms that radically changed the aspects of ownership and scanned basic market-type regulation institutions, failed to create an effective control mechanism for the sustainable development of the country. Politicians and independent experts tried to assess the quality and innovation of products made in Russia before the reforms [1]. Production relations resulted from borrowed market institutions, mechanisms, norms and rules have toppled the existing scientific, technical and production potential. This abysmal state of things has been successfully camouflaged with available, often imposed, imports. The modern political events have exposed fragile business relations between Russia and most industrialized countries. This was manifested in their bans and sanctions slapped not just on the import of high-tech commodities, and services, technologies and capital
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