Industrial Policy in the EAEU Countries: Challenges and Solutions for Kazakhstan in the Competition and Intellectual Property Law
https://doi.org/10.47703/ejebs.v2i67.247
Abstract
The paper describes and examines the industrial policies of the Eurasian Economic Union member states. It shows the need to adjust the traditional type of industrial policy of the Eurasian Economic Union countries, which relies on leading industries. The purpose of this article is to identify the main challenges for the industrial policy in Kazakhstan, taking into account its participation in the EAEU and the risks associated with distortion of competition as a result of hostile mergers and acquisitions, and to propose solutions intended to ensure a balance between competition protection and industrial policy. The paper’s objectives are to review the problems arising at the intersection of trade, innovation, and intellectual property in the EAEU countries and to develop recommendations for industrial and innovation policy. The article considers two main issues in accordance with the purpose: the industrial policy problems in the EAEU countries; the use of intellectual property and competition law for the development and protection of innovations. It is shown that the industrial policy of Kazakhstan and other EAEU countries remains insufficiently effective and has a contradictory nature. Since 2000, the economic complexity index decreased in most EAEU countries, the intensity of industrialization remained low, and the share of medium and high-tech manufacturing diminished. There is a need to adjust the traditional type of industrial policy, to exclude selective advantages to specific firms, to focus on industry-wide industrial policy, the insufficient experience of EAEU member states in counteracting hostile and murderous takeovers, the complexity of innovation development system, protection of competition within the integration.
Keywords
Industrial Policy,
Competition,
Intellectual Property,
Innovation,
Killer Acquisitions,
Kazakhstan,
Eurasian Economic Union
Supporting agencies: This research is funded by the Science Committee of the Ministry of science and higher education of the Republic of Kazakhstan (Grant No. AP09259768 Scientific and technological space of the EAEU countries: structure, development mechanisms, ensuring the economic interests of Kazakhstan).
About the Authors
Farida Alzhanova
Institute of Economics Science Committee MSHE RK, Almaty
Kazakhstan
Kazakhstan
Dr. Sc. (Econ.), Associate professor, Chief researcher, Email: farida.alzhanova@gmail.com
Farkhat Dnishev
Institute of Economics Science Committee MSHE RK, Almaty
Kazakhstan
Kazakhstan
Dr. Sc. (Econ.), Professor, Chief researcher, Email: dfm0704@gmail.com
Anel Alzhanova
SIGNUM Law Firm, Almaty
Kazakhstan
Kazakhstan
Master of Laws in International Law, Email: anel.alzhani@gmail.com
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Review
For citations:
Alzhanova F., Dnishev F., Alzhanova A. Industrial Policy in the EAEU Countries: Challenges and Solutions for Kazakhstan in the Competition and Intellectual Property Law. Eurasian Journal of Economic and Business Studies. 2023;67(2):107-118. https://doi.org/10.47703/ejebs.v2i67.247
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