Regional Cooperation of the Post‑Soviet Countries – Can it Be Influenced by the Structure of the Economy?

Abstract

In recent decades, economic development has largely been influenced by globalisation of the world economy. Regional cooperation represents a certain alternative for the ongoing globalisation and concerns establishment of geographically larger markets. Through regional integration, countries are better able to react to changes in the external environment and therefore a larger market scale enables better marketing opportunities. The conclusion of this research is the fact that despite significant differences between, for example, GDP per capita or the economic growth, there is still similarity in the business cycle or even GDP creation when private consumption and stockbuilding play the key role. In addition, most of the countries mentioned have a negative contribution of export to their GDP, which is closely related to the structure of export itself and its dependency on primary products.

Keywords

• Post-Soviet countries
• GDP creation
• regional cooperation
• private consumption
• stockbuilding