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- W96815532 abstract "T tive participation of CIS countries) could further strengthen both their general and individual positions in the world economy. Third, there is no need to rush accession to the WTO, while the strategy of conduct in this organization needs to be carefully thought through. Here it is important to give greater consideration to the position of developing countries with regard to foreign capital circulation (a selective approach), on the one hand, and take into account the high (and in relation to a number of CIS countries, especially Russia, rising) price competitiveness of Asian states, on the other. For the short and medium term, closer cooperation with Asian partners with a special emphasis on bilateral and multilateral relations is preferable (including in the interest of achieving a balanced relationship with the West). It is useful to tap the Asian experience in various forms of cooperation in the financial sphere. For example, stabilization agreements could help to reduce “hard currency” reserve requirements, using surplus currency for the needs of the real economy and anti-inflation schemes (e.g., early repayment of foreign debt). Next, energy and transport programs (as well as land and forest resource development programs) should be built on the recognition of a more stable character of demand in Asia and the existence of a dynamic entrepreneurial stratum linked to the real economy here. Finally, in the long term, the reliability of national currencies in a number of states in this part of the world and therefore the future value of Asia’s financial assets appear to be fairly high." @default.
- W96815532 created "2016-06-24" @default.
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- W96815532 date "2004-01-01" @default.
- W96815532 modified "2023-09-24" @default.
- W96815532 title "The fundamental conceptional principles of economic integration in the Central Asian countries" @default.
- W96815532 hasPublicationYear "2004" @default.
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