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Financial literacy as an instrument for CIS common economic space development

https://doi.org/10.28995/2073-6339-2025-6-143-151

Abstract

The article discusses the cooperation in enhancing financial literacy in the CIS. The authors analyze the increase of financial literacy in the general context of cooperation in the CIS. Over the past 30 years, the level of cooperation between the CIS countries has gradually decreased – starting with the idea of economic union, then turning to the common economic space, and finally ending with the free trade zone. The current CIS documents no longer mention the movement to common economic space. Nevertheless, there are still elements of the common economic space in its modern understanding. In particular, it is true for the development of human capital. Cooperation in improving financial literacy, which is still relevant in the CIS, contributes to the development of human capital or, more broadly, to the development of a common economic culture in the CIS. The results can be useful for specialists in the field of cooperation between the CIS countries, for scientists and practitioners involved in improving financial literacy. The improvement of financial literacy in the CIS contributes to the development of human capital, which is a significant element of common economic space in accordance with modern understanding. Developing individual elements of the common economic space, it may be possible to restore the movement towards a common economic space of the CIS.

About the Authors

Ekaterina V. Kudryashova
Siberian University of Consumer Cooperation
Russian Federation

Ekaterina V. Kudryashova, Dr. of Sci. (Law), professor,

26, K. Marx St., Novosibirsk, 630087.



Anna V. Shashkova
Moscow State Institute of International Relations
Russian Federation

Anna V. Shashkova, Dr. of Sci. (Political Science), professor,

76, Vernadsky Av., Moscow, 119454.



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For citations:


Kudryashova E.V., Shashkova A.V. Financial literacy as an instrument for CIS common economic space development. RSUH/RGGU Bulletin Series "Political Science. History. International Relations". 2025;(6):143-151. (In Russ.) https://doi.org/10.28995/2073-6339-2025-6-143-151

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