Issue № 87. August 2021

High-Tech Sectors in EAEU: The Regional Governance’ Problems and Opportunities

PhD, Associate Professor, the Institute of Industrial Policy and Institutional Development, Financial University under the Government of the Russian Federation, Moscow, Russian Federation.
E-mail: eu7711460@mail.ru
ORCID ID: 0000-0001-6355-7808

The article’s relevance is defined by the necessity to solve the contradiction in the Eurasian Economic Union (EAEU) between the requirements of its high-tech sectors immediate development and the low efficiency of the policy to support them. The analysis of the causes of such political difficulties and the opportunities to overcome them based on foreign experience of the alternative economic policy model’ elaboration and execution constitutes the aim of the article. The aim comprehends the respective research methods, i.e. historical and economic, content-analysis, comparative, scientific in general. Their application reveals the deficiencies of the EAEU’ policy, i.e. the inherent extremely complicated decision-taking mechanisms, the limited number of participants, the vertical type of governance, etc. The reference to the alternative model of the mission oriented economic policy facilitates to suspend them and elevate the political efforts efficiency, analyzed such model in prism of its applicability to Eurasian realities and the subjects capable to execute it. As a result, it is concluded that it is possible and reasonable to direct the mission-oriented policy to develop the EAEU’ high-tech sectors and there are advantages of such model against the traditional one. Still, the research lacunas, i.e. the sufficiency of the terms identified to execute the mission oriented policy, their measurement and assessment, the possibilities and the character of the governance actions if the terms and their subjects are unsaturated, require its further development. Nevertheless, the latter doesn’t reject the rationality to develop and execute the mission-oriented policy in the EAEU’ sectors. From one side, the respective efforts allow eliminating the lacunas in the theory. From the other, contribute to the foundations for the efficient development and consolidation of the regional high-tech sectors.

Keywords

High-tech sectors, Eurasian Economic Union; mission-oriented policy, traditional economic policy, development institute.

DOI: 10.24412/2070-1381-2021-87-140-150