The Potential of the Soviet and Chinese Economic Experience Implication for Creation of Modern Russia Economic Allies’ Contour

Abstract

The purpose of the study is to evaluate and systematize the instruments of foreign economic influence in the USSR and the PRC, to draw a parallel between projects for building alliances, taking into account economic instruments. The research methods include the OLS (Weighted OLS) and ARIMA, specifically the comparison of the GDP of USSR and CMEA countries and China and the countries of the Regional Comprehensive Economic Partnership (RCEP) was applied. Same methods were used referring to the mentioned allies (CMEA and RCEP). Concluding the study, the different foreign economic approaches of the USSR and China are shown to have the diverse efficiency and can be introduced to the modern economic multinational projects.