Project description
Investment risks in post-Soviet republics
During the first two decades of the 21st century, many post-Soviet republics introduced economic reforms to attract foreign investment. However, investors still face risks from high rates of corruption and the role of local oligarchs. The EU-funded NEW MARKETS project will detect invisible and non-official risks that could harm foreign business activity. The project will compare the development of economic reforms in two groups of countries: those which adopted full liberalisation earlier (Estonia, Georgia and Kyrgyzstan) and those that only recently opened their markets (Belarus, Kazakhstan and Uzbekistan). It will also conduct an empirical evaluation of policies aiming to ameliorating the business environment in the above countries.
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 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.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- social sciences sociology social issues corruption
- social sciences political sciences government systems
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.1.3. - EXCELLENT SCIENCE - Marie Skłodowska-Curie Actions
MAIN PROGRAMME
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H2020-EU.1.3.3. - Stimulating innovation by means of cross-fertilisation of knowledge
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
MSCA-RISE - Marie Skłodowska-Curie Research and Innovation Staff Exchange (RISE)
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-MSCA-RISE-2018
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
9 Dublin
Ireland
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.