APEC economies: new technology markets development

One of the final sessions on the third day of 2018 Gaidar Forum was the discussion APEC Economies: New Technology Markets Development, moderated by Deputy Director of the Economics Ministry’s Strategic Development and Innovation Department Nikita Ponomarenko.

Representatives of the Ministry of Economic Development, research universities of science and technology, the Higher School of Economics, innovative regional clusters and APEC economies took part in the discussion.

Mr. Ponomarenko listed the key documents and projects in Russia aimed at developing technology markets. Among them are the National Technology Initiative, innovative clusters, the National Champions Project. “All these projects are aimed at helping participants develop their international business,” the speaker said, adding that several mechanisms are in place to support these companies’ export projects: an intergovernmental commission, trade missions, and the Economic Development Ministry’s initiatives to coordinate policies to develop new technology markets.

Dmitry Ontoyev, a division head at the Economics Ministry’s Asia-Pacific Projects Support Department, said that the APEC markets have opened a window of opportunity for us, but those are fundamentally different markets with different needs, where the key factors of success are competitiveness, strategy, development of communication, and alliances. The main problems for Russian companies in taking these opportunities are underestimation of consumers, ignorance of the market, and lack of understanding of the legal specific of those markets’ work.

Director of RANEPA’s Russian Center for APEC Studies Tatyana Flegontova emphasized the importance of APEC as a platform for promoting economic interests regardless of political motives and political trends, as well as its important role as a club and an incubator of ideas. The APEC tools help promote the interests of companies in the Asia-Pacific region. It is a club that helps uphold businesses’ interests such as liberalization and simplification of trade procedures, creation of databases, and exchange of experience. The priorities of APEC’s work are changing, and now the digital economy is at the forefront, she added.

Head of RANEPA Russia-OECD Center Antonina Levashenko spoke about the importance of participation in the OECD, about innovation clusters and new markets. “Eight out of 21 APEC countries are OECD members,” the speaker noted. “Russia is not a member of the OECD, but is a member of its committees. Unlike APEC, which is an incubator of ideas, the OECD is the incubator of standards.” Speaking about innovative clusters, she emphasized their stability and sustainability.

Yekaterina Islankina, Cluster Policy Officer at the HSE University Institute of Statistical Studies and Economics of Knowledge, presented an initiative to form a mechanism within APEC for the development of international cooperation between clusters. “Clusters play a very important role in many regional economies,” the speaker said. She also stressed that at present the APEC economies do not share a single approach to the definition of clusters and cluster policies, and there is no basic statistical information on the issue either.

The organizers include the Presidential Academy of National Economy and Public Administration (RANEPA), the Gaidar Institute for Economic Policy (Gaidar Institute) and the Association of Innovative Regions of Russia (AIRR).

The program outline is available at the forum website.

Participation is free; preliminary registration is required.

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