EVALUATION AND PROSPECTS OF COOPERATION BETWEEN THE COUNTRIES OF THE EURASIAN ECONOMIC UNION IN THE INNOVATION SECTOR

Abstract

For the whole period of independence, the sectoral structure of the gross value added (hereinafter GVA) in the CIS countries has been increasingly deteriorating, with the industrial production share declining and the services share growing. The industrial potential of post-Soviet states was exhausted fairly quickly due to the decapitalization of the inherited production capacities and the poor quality of products which in the context of globalization gradually lost the competition with imported goods. To reach the Eurasian Economic Union (hereinafter EEU) goals of building a new economy over the post-Soviet area, a new industrial policy is required, formed on the innovation potential basis.The article examines the sectoral GVA structure of the EEU members, considers problems of the innovation policy implemented by EEU countries and proposes measures to increase the potential of the mutually beneficial cooperation, given the new configuration emerging in the region.