National Interests: Priorities and Security
 

A study into trends in indicators of development and international cooperation of Russia, China and European Union

Vol. 14, Iss. 11, NOVEMBER 2018

Received: 8 June 2018

Received in revised form: 24 June 2018

Accepted: 20 July 2018

Available online: 16 November 2018

Subject Heading: INTERNATIONAL ECONOMIC RELATIONS

JEL Classification: F02, F15, F29, O12

Pages: 2083–2099

https://doi.org/10.24891/ni.14.11.2083

Smirnov V.V. I.N. Ulianov Chuvash State University (Chuv SU), Cheboksary, Chuvash Republic, Russian Federation
v2v3s4@mail.ru

https://orcid.org/0000-0002-6198-3157

Mulendeeva A.V. I.N. Ulianov Chuvash State University (Chuv SU), Cheboksary, Chuvash Republic, Russian Federation
alena-mulendeeva@yandex.ru

ORCID id: not available

Subject The article discusses trends in the development and international cooperation of Russia, China, USA and EU. We forecast the priority in the international cooperation of the above countries.
Objectives The research identifies aspects for the international cooperation of Russia and China, USA and EU in the long-term horizon.
Methods The research is based on a systems approach and elements of graphic and factor analysis.
Results Having evaluated the trends in development indicators of Russia, China, USA and EU through the straight line approximation by the least squares method within 2000–2016 (and onward up to 2020), we captured high positive growth rates, low negative skewness, and high correlation coefficient. Having estimated the trends in industrial development indicators in line with a polynomial trend, rank correlation coefficients of Spearman, Kendall and cross-correlation coefficient, we found favorable pairs of international cooperation.
Conclusions and Relevance The Chinese economy take the lead in terms of development indicators within the period from 2000–2016 and onward to 2020, while the U.S. lags behind. China and the USA, Russia and USA are often opposite. Russia and China are expected to succeed in their productive cooperation in the future, while Russia and the EU may reach positive cooperation results in the short run. The Russian–Chinese cooperation will shape the global economy, gradually squeezing out the USA and EU from the leadership positions. The findings may prove useful to form the strategy for choosing the beneficial international cooperation and regulatory approach to foreign trade in the new economic reality.

Keywords: development indicators, international cooperation, industry, growth rate

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