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H2020Staff exchange2019–2024

NEW MARKETS · New Market: an exploration into the changing nature of business environments, informal barriers and emerging markets in the post-Soviet region

Horizon 2020 — Marie Skłodowska-Curie Actions

Duration
2019-07-01 → 2024-06-30
EU contribution
€1,104,000
Participants
12
Scheme
MSCA-RISE

Lines connect the coordinator with its partners. CORDIS does not always give exact coordinates for projects before 2014. These points are placed at city or country level.

Results in brief

New Market: an exploration into the changing nature of business environments, informal barriers and emerging markets in the post-Soviet region

The past ten years have seen several changes in post-USSR business environments. From Kazakhstan to Belarus, and eventually Uzbekistan in 2016, a growing number of post-USSR republics have gradually begun economic reforms to allow foreign businesses to operate in their territory. These declared intentions, however, are sometimes contrasted by non-official, or informal, barriers into domestic and regional markets. Indeed, from rampant corruption to the necessity to get protection from local oligarchs, entering post-Soviet markets involves several risks. New Markets addresses the current limited existence of clear instructions that could enable new, and existing economic actors to gain an overview into the hidden risks associated with business activities in the post-Soviet region. Our research follows a three stage approach: First, we will conduct a review of policy measures adopted in the past 10 years (2008-2018) to liberalize the markets in our target countries. Our analysis will compare three countries that have fully opened to foreign investors already in the early 2000 – Estonia, Georgia and Kyrgyzstan - with three countries that have only recently shown a more cooperative attitude - Belarus, Kazakhstan, Uzbekistan. We will survey the major mechanisms, and policies, adopted in these six countries to evaluate how they have ended up affecting the business environment. Second, we will conduct an empirical evaluation of the measures adopted for improving the business climate in the target countries. This will be done through a national survey of core business actors in each country Third, building upon results of the second stage, we will map challenges and opportunities in the region comparing macro and micro perspectives and testing government-led decisions against their results.

Data: CORDIS, © European Union

Project objective

The past ten years have seen several changes in post-USSR business environments. From Kazakhstan to Belarus, and eventually Uzbekistan in 2016, a growing number of post-USSR republics have gradually begun economic reforms to allow foreign businesses to operate in their territory. These declared intentions, however, are sometimes contrasted by non-official, or informal, barriers into domestic and regional markets. Indeed, from rampant corruption to the necessity to get protection from local oligarchs, entering post-Soviet markets involves several risks. New Markets addresses the current limited existence of clear instructions that could enable new, and existing economic actors to gain an overview into the hidden risks associated with business activities in the post-Soviet region. Our research follows a three stage approach:First, we will conduct a review of policy measures adopted in the past 10 years (2008-2018) to liberalize the markets in our target countries. Our analysis will compare three countries that have fully opened to foreign investors already in the early 2000 – Estonia, Georgia and Kyrgyzstan - with three countries that have only recently shown a more cooperative attitude - Belarus, Kazakhstan, Uzbekistan. We will survey the major mechanisms, and policies, adopted in these six countries to evaluate how they have ended up affecting the business environment.Second, we will conduct an empirical evaluation of the measures adopted for improving the business climate in the target countries. This will be done through a national survey of core business actors in each countryThird, building upon results of the second stage, we will map challenges and opportunities in the region comparing macro and micro perspectives and testing government-led decisions against their results.

Original text from CORDIS.

Participants

  • DUBLIN CITY UNIVERSITY · DublinCoordinatorIreland
  • Academy of Public Administration under the President of the Republic of Belarus · MinskCity levelBelarus
  • Economic Policy and Research Center · TbilisiGeorgia
  • HELSINGIN YLIOPISTO · HelsinkiFinland
  • INSTITUT NATIONAL DES LANGUES ET CIVILISATIONS ORIENTALES · ParisFrance
  • JAHON IQTISODIYOTI VA DIPLOMATIYA UNIVERSITETI · TashkentUzbekistan
  • KIEV INTERNATIONAL INSTITUTE OF SOCIOLOGY LLC · KyivUkraine
  • KIMEP UNIVERSITY NON-PROFIT JOINT STOCK COMPANY · AlmatyKazakhstan
  • LATVIJAS UNIVERSITATE · RIGALatvia
  • LUNDS UNIVERSITET · LundSweden
  • SIAR RESEARCH AND CONSULTING LLC · BishkekKyrgyzstan
  • TALLINNA TEHNIKAÜLIKOOL · TallinnEstonia

Links

Data: CORDIS, © European Union