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Cross-border Approach to Economic Cooperation between Russia and Kazakhstan in the Sphere of Turnover of Precious Metals and Stones

Author

Listed:
  • Ludmila N. Ivanova

    (Financial Research Institute, Moscow, Russian Federation)

  • Ekaternina N. Badmaeva

    (Financial Research Institute, Moscow, Russian Federation)

Abstract

In the conditions of expanding interaction between friendly countries, the cross-border approach to economic cooperation in strategically important areas is becoming increasingly important. The methodological basis of this study was the dialectical method of cognition, which allows analyzing and synthesizing economic phenomena, dissecting them into separate elements. The methods of logical, economic and situational analysis were also used. The authors give a bibliographic review of economic cooperation between Russia and the Republic of Kazakhstan using a cross-border approach to the analysis of the precious metals and stones market; show the role of the Republic of Kazakhstan at historical stages in the formation of integration processes in the Eurasian space; characterize the structure of the market of precious metals and stones and products made of them. The market of precious metals, gemstones and products made of them is a promising direction of Kazakhstan's economic development. The Republic of Kazakhstan is successfully improving the state regulation of the precious metals and gemstones industry, taking into account global trends and best practices in this area. Cross-border cooperation between Kazakhstan and Russia will contribute to their further economic development.

Suggested Citation

  • Ludmila N. Ivanova & Ekaternina N. Badmaeva, 2023. "Cross-border Approach to Economic Cooperation between Russia and Kazakhstan in the Sphere of Turnover of Precious Metals and Stones," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 110-122, December.
    • Handle: RePEc:fru:finjrn:230607:p:110-122
    DOI: 10.31107/2075-1990-2023-6-110-122
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    More about this item

    Keywords

    Russia; Kazakhstan; cross-border approach; precious metals; gemstones;
    All these keywords.

    JEL classification:

    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • O29 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Other
    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality

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