Research and analysis of opportunities for regional economic integration among the countries of the Organization of Turkic States

Abstract

This study was conducted to develop a comprehensive model of economic integration among the member countries of the Organization of Turkic States. The model takes into account inter-industry relationships that contribute to the economic development of the region. The use of statistical and comparative analysis of economic indicators from both member countries and regional cooperation partners enabled the assessment of integration potential and the identification of key pathways for its deepening. The results of the study demonstrated that analysis of the economic development of the member countries of the Organization of Turkic States reveals steady growth in gross domestic product, despite global economic shocks. It was found that these countries have been able to maintain economic stability through the rational use of domestic resources, development of the energy sector, attraction of foreign investment, and diversification of their economies. A comparison of economic growth rates between the member states of the Organization of Turkic States and those of the European Union indicates that, although the level of gross domestic product per capita in the Turkic states remains lower, these countries possess significant potential to enhance this indicator through further infrastructure development, support for entrepreneurship, and gradual integration into the global economy. Based on the findings, a comprehensive model of economic integration among the member states of the Organization of Turkic States has been developed, demonstrating strong potential to boost trade activity and foster regional economic growth. The analysis confirmed that integration in areas such as reducing trade barriers, improving transport infrastructure, and encouraging investment can significantly facilitate the mutual exchange of goods and services. The results indicated that strengthening economic cooperation will contribute to the sustainable development of the member countries of the Organization of Turkic States. This will ensure the effective use of shared economic potential, expand investment opportunities, enhance competitiveness in international markets, and create favourable conditions for the integration of trade initiatives.