Forms of Transnational Economic Cooperation and Integration in the Baltic Region

The Baltic macro-region is a heterogeneous socio-economic ecosystem consisting of both the innovative and successful ‘core regions’ and the peripheral areas of the borderland. Facing contemporary challenges of the global market competition, national policies are increasingly being directed at establ...

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Main Authors: Andrey S. Mikhaylov, Oleg N. Bolychev
Format: Article
Language:English
Published: EconJournals 2015-06-01
Series:International Journal of Economics and Financial Issues
Subjects:
Online Access:https://dergipark.org.tr/tr/pub/ijefi/issue/31973/352324?publisher=http-www-cag-edu-tr-ilhan-ozturk
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author Andrey S. Mikhaylov
Oleg N. Bolychev
author_facet Andrey S. Mikhaylov
Oleg N. Bolychev
author_sort Andrey S. Mikhaylov
collection DOAJ
description The Baltic macro-region is a heterogeneous socio-economic ecosystem consisting of both the innovative and successful ‘core regions’ and the peripheral areas of the borderland. Facing contemporary challenges of the global market competition, national policies are increasingly being directed at establishing conjoint competence centers capable of absorption and recombination of heterogeneous tacit and codified knowledge generated by the nodes of an international innovation network. Furthermore, systematic and sustainable institutional efforts on facilitating the embeddedness of the remote and underdeveloped areas into these networking activities have created a diversity of transnational economic cooperation and integration (TECI) forms being elaborated and applied by the institutions of the respective territories. Drawing on an in-depth review, the study reflects on the development factors relevant to an active integration and cooperation process of individual territories of the respective countries. The study suggests that social, cultural, institutional proximity facilitates industrial collaboration being of the highest significance in increasing competitive advantage of a territory.
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spelling doaj.art-2ff327c51fa54d01ba1b9ceef4130c512023-02-15T16:13:37ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382015-06-015255641032Forms of Transnational Economic Cooperation and Integration in the Baltic RegionAndrey S. MikhaylovOleg N. BolychevThe Baltic macro-region is a heterogeneous socio-economic ecosystem consisting of both the innovative and successful ‘core regions’ and the peripheral areas of the borderland. Facing contemporary challenges of the global market competition, national policies are increasingly being directed at establishing conjoint competence centers capable of absorption and recombination of heterogeneous tacit and codified knowledge generated by the nodes of an international innovation network. Furthermore, systematic and sustainable institutional efforts on facilitating the embeddedness of the remote and underdeveloped areas into these networking activities have created a diversity of transnational economic cooperation and integration (TECI) forms being elaborated and applied by the institutions of the respective territories. Drawing on an in-depth review, the study reflects on the development factors relevant to an active integration and cooperation process of individual territories of the respective countries. The study suggests that social, cultural, institutional proximity facilitates industrial collaboration being of the highest significance in increasing competitive advantage of a territory.https://dergipark.org.tr/tr/pub/ijefi/issue/31973/352324?publisher=http-www-cag-edu-tr-ilhan-ozturkcross-border cooperation baltic region regionalization new regionalism russia
spellingShingle Andrey S. Mikhaylov
Oleg N. Bolychev
Forms of Transnational Economic Cooperation and Integration in the Baltic Region
International Journal of Economics and Financial Issues
cross-border cooperation
baltic region
regionalization
new regionalism
russia
title Forms of Transnational Economic Cooperation and Integration in the Baltic Region
title_full Forms of Transnational Economic Cooperation and Integration in the Baltic Region
title_fullStr Forms of Transnational Economic Cooperation and Integration in the Baltic Region
title_full_unstemmed Forms of Transnational Economic Cooperation and Integration in the Baltic Region
title_short Forms of Transnational Economic Cooperation and Integration in the Baltic Region
title_sort forms of transnational economic cooperation and integration in the baltic region
topic cross-border cooperation
baltic region
regionalization
new regionalism
russia
url https://dergipark.org.tr/tr/pub/ijefi/issue/31973/352324?publisher=http-www-cag-edu-tr-ilhan-ozturk
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AT olegnbolychev formsoftransnationaleconomiccooperationandintegrationinthebalticregion