Article - Problems of Modern Economics

Zhang Wanting
Director, Research Center “One Belt, One Road ” and the Eurasian Economic Union affiliated to North-Western University, People’s Republic of China (Xi’an), PhD (Economics)
Weidi Zhou
Pedagogical University of Central China (China, Wuhan) PhD (Economics), Professor
Selishcheva T. A.
Chair of Economic Theory and the History of Economic Thought, St. Petersburg State Economic University, PhD (Economics), Professor
Diatlov S. A.
Chair of General Economic Theory and the History of Economic Thought, St. Petersburg State Economic University, Member of the Russian Academy of Natural Sciences, PhD (Economics), Professor

Innovative level of economy as a factor of sustainable development in Eurasian countries (Russia, St. Petersburg, China (Xi’an), Wuhan)

The article offers a comparative analysis of EEU countries’ economies and other countries on the basis of innovativeness level and complexity, as well as ecologic efficacy. The major reason for adverse ecological situation in EEU member countries is low innovative activity, low structural complexity and the raw-material-cum-export nature of their economies. Higher ecologic efficacy in Western leader countries stems not only from high diversification and innovativeness of their economies, but also from their unequal exchange with other, less economically and politically developed countries, from which their bio-capacity is imported. This process is introduced by the term “ecologic neo-capitalism.” To increase the ecologic efficacy, EEU countries should modernize their economies on the basis of the fourth industrial revolution technologies, and transfer to the new ecologically-oriented model of economic development.

Key words: economic complexity, innovations, ecologic efficacy, EEU countries, ecological shortage, ecologic neo-capitalism

Pages: 23 - 27

Статья написана при поддержке 2021 National Social Science Fund of China (West Program: “The study of ‘The Silk Road Economic Belt’ under hyper-competition: challenge and sustainable development in the new Eurasian integration” [grant number:21XGJ003]

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