Eurasian Economic Union Development

The Eurasian Economic Union (EAEU), which includes Russia, Kazakhstan, Belarus, Kyrgyzstan, and Armenia, is a new but substantial regional organization. Significant achievements include a common external customs tariff, a customs union and a common labour market: a well-developed institutional environment has emerged to support and advance these processes, ranging from the Eurasian Economic Commission and the EAEU Court to the Eurasian Development Bank and the Eurasian Fund for Stabilization and Development. This major integration achievement also has several drawbacks and ‘stumbling stones’—some due to Russia’s dominant position, some due to the authoritarian nature of political regimes, and some due to dependence on oil and gas exports. This book presents a detailed qualitative and quantitative assessment of the Eurasian Economic Union, including the history of Eurasian integration, the macroeconomy of EAEU member states, an assessment of trade and investment links, a descriptive analysis of the EAEU Treaty, an analysis of Eurasian institutions, the sociology of integration, the EAEU’s emerging foreign economic policy, relations with the EU and China, the EAEU’s position on One Belt One Road policies, and its mid-term policy agenda. This primer text will be of interest and value for students, academics and practitioners working in economic policy and business communities and interested in the history and development of the Eurasian Economic Union.

This book evaluates the utility of the Eurasian Economic Union in economic, political, cultural and geostrategic dimensions. It does so through a systematic comparison of the bloc with aspects of the European Union along a number of criteria derived from integration theory. The book concludes that the EAEU is a useless undertaking, at least for Russia, in any of the integration dimensions discussed. This is so because of the inherent properties of the region, and also because of the behaviour of the member states in the context of Russia’s resistance to the West. Besides, the principles of liberal economics, endorsed by the union, contribute to asymmetries in development among its member states. In addition to a symbolic event spotlighting Russia’s regional leadership, the union appears mainly as a shop where gas is sold below market prices, and as an import base of unskilled labour for Russia in conditions of Russia’s high unemployment and underemployment. Concurrently, the book discusses Russia’s grievances with the West, which have been inducing and constraining Eurasian integration at the same time.

The integration of the Eurasian Economic Union has been under constant development as officials try to successfully implement new economic policies within its various regions. Introducing a new policy such as this creates the formation of new markets, the improvement of cooperation initiatives, as well as a new legislative base and supplementations. These continual alterations require updated analysis and research for political leaders to follow regarding provincial incorporation methods. Regional Integration and Future Cooperation Initiatives in the Eurasian Economic Union is an essential reference source that discusses the conceptual and empirical frameworks of the current phase of Eurasian integration as well as its economic impact. Featuring research on topics such as multilateral cooperation, free trade, and international views, this book is ideally designed for politicians, economists, strategists, public relations specialists, research scholars, policymakers, students, and academicians seeking coverage on regional integration issues in modern Eurasia.

In this well-researched and detailed book, the editors provide an extensive and critical analysis of post-Soviet regional integration. After almost two decades of unfulfilled integration promises, a new _ improved and functioning _ regime emerged in th

How impactful has the Eurasian Economic Union (EAEU) been since it was signed in 2015? This book provides a thorough and critical analysis of economic integration in the EAEU from the perspective of international economic relations. It focuses on trade, FDI, manufacturing, energy, transport and logistics, science and education, digital economy, labour and ecology. The book also addresses the global positioning of the EAEU by evaluating its existing and potential trade agreements both with third countries and regional blocks. Although the EAEU is an established regional entity that has achieved a number of quantitative and qualitative economic results, there needs to be inclusive dialogue at the intra-regional (within the EAEU) and interregional (for instance, BRICS+) levels to further deepen the economic integration in the EAEU. This book will be of interest to academics and policymakers working in Eurasian economic integration, international economic relations and regional studies.

The Eurasian Economic Union (EAEU), which includes Russia, Kazakhstan, Belarus, Kyrgyzstan, and Armenia, is a new but substantial regional organization. Significant achievements include a common external customs tariff, a customs union and a common labour market: a well-developed institutional environment has emerged to support and advance these processes, ranging from the Eurasian Economic Commission and the EAEU Court to the Eurasian Development Bank and the Eurasian Fund for Stabilization and Development. This major integration achievement also has several drawbacks and ‘stumbling stones’—some due to Russia’s dominant position, some due to the authoritarian nature of political regimes, and some due to dependence on oil and gas exports. This book presents a detailed qualitative and quantitative assessment of the Eurasian Economic Union, including the history of Eurasian integration, the macroeconomy of EAEU member states, an assessment of trade and investment links, a descriptive analysis of the EAEU Treaty, an analysis of Eurasian institutions, the sociology of integration, the EAEU’s emerging foreign economic policy, relations with the EU and China, the EAEU’s position on One Belt One Road policies, and its mid-term policy agenda. This primer text will be of interest and value for students, academics and practitioners working in economic policy and business communities and interested in the history and development of the Eurasian Economic Union.

Though globalization has removed commercial walls between countries and implemented new international trade policies, trade barriers still exist. Due to the various political barriers surrounding other countries, the future of world trade has become uncertain. Understanding these barriers and their implications is imperative to implementing successful foreign trade policies. International Trade Policies in the Era of Globalization provides relevant theoretical frameworks and the latest empirical research findings on international trade and improves the understanding of the strategic role of trade policies and their importance in the global economy. The content within this publication contains reports on global trade, trade wars, and foreign policy. This research is designed for policymakers, government officials, economists, business professionals, researchers, and international business students.

As Eurasia and the adjacent territories become more important to the world, there is increasing interest from international powers, accompanied by attempts to give institutional form to traditional economic and security links within the region. This book includes a range of substantive work from scholars based in the region, offering contrasting perspectives on the process of Eurasian integration and its place in the world. Chapters consider economic, political, social and security developments, with notable studies of the major countries involved in the development of the Eurasian Economic Union. The work also examines the connections between the region and China, greater Asia and the European Union. It outlines the varying dynamics, with populations growing in Central Asia while at best stagnant elsewhere. The book discusses the increasing strategic significance of the region and explores how the new post-Soviet states are growing in national cohesion and political self-confidence. Above all, the book examines the concept of ’Eurasia’, outlining the debates about the concept and how various aspects of the legacy of ‘Eurasianism’ contribute to contemporary plans for integration. The book argues that although regional integration is very much a popular idea in our age, with the potential for economic benefits and increased international influence, in practice contemporary projects for Eurasian integration have been highly ambiguous and contested. Nevertheless, significant steps have been taken towards the creation of the Eurasian Economic Union. The book analyses developments to date, noting the achievements as well as the challenges.

The Eurasian continent, which has for over a century lagged behind in global markets, is currently gaining economic and political momentum. This book investigates emerging economic linkages in the area, examining the factors shaping this integration, the benefits and risks involved, and the future of these states on the global stage.