This article summarizes the results of the International Youth Forum “Future of Eurasian and European Integration: Foresight — 2040”, regarding the economic integration within the European, Eurasian and Asian space. The high interdependence of European and Eurasian markets especially, make strong social and political relations essential in achieving long run economic development, growth and stability in the region. Consequently, this report proposes a C3 strategy encompassing the ideals of Cooperation, Compatibility and Competition in encouraging and facilitating the exchange of goods and services across the EU-EAEU and Asia (China). Specifically, it highlights four main sectors — Transport and Infrastructure, Finance, Technology and Energy through which the C3 strategy could potentially increase economic integration in the EU-EAEU and Asian space by 2040.

The article dwells on the basic principles and problems of technological development that arise from the specifics of certain technologies. The choice of technological capabilities at the individual and firm level cannot comply solely with the investment logic of decision-making, as the technologies life cycle includes unpredictable effects that can significantly improve the return, which cannot be anticipated at the initial point of transition from one technological opportunity to another. Technologies are characterized by special properties, which have a decisive influence on the course of technological development. And these properties are not characteristic for other types of goods, this fact fundamentally distinguishes formation of demand for new technologies and affects the options for their use. Any technology consists of a kind of nucleus and variable periphery, is characterized by various kinds of animation effects and can also be an integral element of the combinatorial effect in the sphere of technologies. Owing to this “frame” that defines the structure of technology, it acts as a kind of a rule that determines the behavior of agents and conditions for developing the service infrastructure. Existing models of economic growth do not fully take into account the microeconomic institutional properties of technology, creating a pseudo-correct image of technologies’ impact on the system’s growth. In this regard, formation of the theory framework for the economic system processability will provide the necessary guidance in describing and investigating technological and institutional changes and economic growth, which are highly dependent on them. The aggregate productivity of factors also becomes to a significant degree a system parameter, dependent on overall technological applicability and institutional changes. The article describes the main characteristics of functioning of the fundamental research sector, which acts as the generator of all subsequent technological changes in a long range of economic development.

The article discusses two approaches to assessing the relationship between Science (grasping principles of nature) →Engineering (application of science) →Technology and Innovation (making engineering useful for public good and/or commercial gain) and their role in formation of economy. It is considered in relation to the Soviet history and economic development as well as in conjunction with planning, social policy and education. The philosophy of the process is at attempt to be analysed the achievement of the status of the superpower.

Efficient use of space technologies and systems enables us to construct a model of techno-mediated social-economic progress, which will determine the format of states’ and corporations’ dominance in strategic business areas. Space is becoming a bifurcation point of conservation — of real-national sovereignty of those countries that are interested in it and can afford it. It is necessary to form a comprehensive space activity strategy for concentration of the Russian competitiveness key factors in the struggle for dominance in the world economy.