Experience of the European Economic and Monetary Union and Its Implications for the Eurasian Integration Project

2016 ◽  
Vol 4 (3) ◽  
pp. 60-67
Author(s):  
Родичева ◽  
Yulia Rodicheva
Keyword(s):  
Monetary Union ◽  
Financial Integration ◽  
Lessons Learned ◽  
Economic And Monetary Union ◽  
Eurasian Economic Union ◽  
Real Convergence ◽  
National Currencies ◽  
Economic Union ◽  
National Economies ◽  
Integration Project

The article is devoted to the prospects of the monetary union creation on the basis of the Eurasian Economic Union (EAEU), analyzed with consideration of the lessons learned from the experience of the Economic and Monetary Union of the European Union (EMU). The author comes to the unambiguous conclusion: a monetary union should be firmly based on successively passed preceding levels of integration. Real convergence of national economies alongside with creation of common financial market is crucial for completion of the Eurasian integration in form of an economic union. Development towards the monetary union would require implicit adherence to the “four freedoms” principle as well as scrupulous coordination of fiscal policies. Nowadays, introduction of a single currency can’t be seen as top priority of the monetary and financial integration within the framework of the EAEU: the emphasis is put on coordination of exchange rate policies and broader use of national currencies in mutual settlements.

scholarly journals Development of scientific and technical potential in the member states of the Eurasian Economic Union

2020 ◽  
Vol 164 ◽  
pp. 11017 ◽  
Author(s):  
Arthur Gibadullin ◽  
Valentina Pulyaeva ◽  
Tufa Usmanova ◽  
Irina Ivanova ◽  
Larisa Vlasenko
Keyword(s):  
System Analysis ◽  
Member States ◽  
Eurasian Economic Union ◽  
Technological Potential ◽  
Technical Potential ◽  
Digital Development ◽  
Logical Method ◽  
Economic Union ◽  
National Economies ◽  
Internal Costs

The purpose of the article is the analysis and development of scientific and technological potential in the member states of the Eurasian Economic Union. In the presented material, based on the use of the system analysis method, the scientific and technical potential of the Member States of the Eurasian Economic Union was investigated. Then, using the logical method, it was revealed that the number of research centres was reduced, the volume of internal costs for research and development was reduced, and the number of personnel employed in the scientific and technical field was reduced. In the study, using statistical and comparative methods, it was found that up to 90% of the scientific and technical potential is concentrated in the Russian Federation. The paper analyzed the digital transformation of national economies, which established that states have digital potential, created conditions for its development, but there is an uneven distribution of innovative and digital infrastructure in the territory of the Eurasian Economic Union, which complicates the development of scientific and technological potential. In the study, using factor analysis, a conceptual model for the development of scientific and technological potential was proposed, which will ensure a rational and effective policy in the field of innovative and digital development of the member states of the Eurasian Economic Union. In the ending of the study the main conclusions and results of the work are presented.

scholarly journals Eurasian Economic Union is an international organization or multidimensional institution. Ontological discrepancies and political consequences

2020 ◽  
pp. 45-54
Author(s):  
Bogdan Grachev
Keyword(s):  
International Organization ◽  
Dual Nature ◽  
Political Consequences ◽  
Eurasian Economic Union ◽  
Multilateral Institution ◽  
Economic Union ◽  
Basic Characteristics ◽  
Integration Project ◽  
The Impact

The subject of this research is the ontological nature of the Eurasian Economic Union (EAEU). An attempt is made to determine the conceptual philosophical-political characteristics of this organization in the light of particular and universalistic approaches. The author examines and describes the impact of ontological characteristic upon the process of formation and functionality of the international organization and multilateral institution. In future, the dual nature of EAEU can carry political and practical consequences for the Eurasian integration – the question of expectations and outcome from its participation in the indicated integration project, degree and nature of influence upon the domestic policy of EAEU member-states may arise sooner or later. The author's special contribution consists in formulation of the problem of long-term existence of the Eurasian Economic Union from perspective of identification of its ontological characteristics. For achieving success in this regard, integration must represent a universalistic paradigm founded on the principle of pan-unity (universality), when any integration structure is a part of infinite whole, the Universe, endued with the basic characteristics and patterns, and interconnected with all other parts. However, if integration wends the path of particularism, it would be founded on the positivistic methodology, which in turn, considers “external realities” and their structures as measurable. Each participant of the integration would seek to comply with the own national interest, which first and foremost is aimed at preservation of national sovereignty. In this regard, the term “international organization” no longer reflects the nature of such integration structure to the fullest, and thus it can be referred to as “multilateral institution”.

scholarly journals Financial Integration in the West African Economic and Monetary Union

2006 ◽  
Vol 06 (214) ◽  
pp. 1 ◽  
Author(s):  
Amadou N. R. Sy ◽  
Keyword(s):  
Monetary Union ◽  
Financial Integration ◽  
West African ◽  
Economic And Monetary Union ◽  
The West

scholarly journals IDENTIFICATION OF PRIORITY AREAS OF FOREIGN POLICIES OF THE MEMBER STATES OF THE EURASIAN ECONOMIC UNION IN THE FRAMEWORK OF BILATERAL COOPERATION

2020 ◽  
pp. 5-11
Author(s):  
N. A. Efimova
Keyword(s):  
Foreign Policy ◽  
Member States ◽  
Policy Issues ◽  
Priority Areas ◽  
Eurasian Economic Union ◽  
Foreign Policies ◽  
Economic Interaction ◽  
Bilateral Cooperation ◽  
Economic Union ◽  
National Economies

The article is devoted to identifying priority areas of foreign policy of the Eurasian Economic Union (hereinafter – EAEU) member states in the framework of bilateral cooperation, reflected in national legal and other acts and documents, determining the main vector of the implemented foreign policy of each of the EAEU member states. As a result of the study, it has been concluded, that foreign policy issues are solved by each member of the EAEU independently. The lack of coordinated approaches to the implementation of the foreign policy activities of the EAEU member states, including in the framework of bilateral cooperation, cannot but affect the development of all economic integration. This mediates the need to model a coordinated approach to the implementation of the foreign policy of the EAEU member states as an integration unity, within the framework of which the interests of each EAEU member will be taken into account, together with the interests of the organization. This will contribute to enhancing the economic interaction of the national economies of the EAEU members and to strengthening the integration potential of the EAEU, which in the context of increasing geopolitical tension is especially relevant.

scholarly journals Common Transport Policy of the European Union: a Road Map for the Eurasian Economic Union

2015 ◽  
pp. 199-209
Author(s):  
Y. V. Pak ◽  
T. N. Polyanova
Keyword(s):  
European Union ◽  
Negotiation Process ◽  
Transport Policy ◽  
The European Union ◽  
Road Map ◽  
Eurasian Economic Union ◽  
European Experience ◽  
Economic Union ◽  
To Come ◽  
Integration Project

The paper delivers a thorough organizational, economic and institutional analysis of the evolution of common transport policy (CTP) of the European Union (EU). Advanced European experience and practices on the issue are set as an unambiguous territorial and functional benchmark for the breakthrough integration project in the post-soviet space - the Eurasian Economic Union (EEU). When working out its own CTP the EEU faces similar challenges to that of the EU though Eurasian integration offers a unique opportunity to evade European mistakes on its way to creating a modern regional transport and logistics infrastructure at lower costs. The research identifies these failing points in the framework of the European CTP as following: (1) strong reluctance of the member states to surpass economic and political control over the transport industry on to the supranational level, (2) turning of special agencies responsible for the implementation of CTP into an independent actors with political ambitions and (3) inadequate involvement of public-private partnership mechanisms into the regional infrastructure projects. The authors claim a high potential of transport and logistics cooperation within the EEU stressing a pure economic rationale for the introduction of common norms and principles into the industry. Overall, they underline harsh negotiation process and consequently expect tangible results to come solely in the long-term perspective.

Potential costs and benefits of monetary integration in the Eurasian Economic Union

2017 ◽  
pp. 75-96 ◽  
Author(s):  
E. Vinokurov ◽  
M. Demidenko ◽  
D. Korshunov
Keyword(s):  
Quantitative Analysis ◽  
Economic Integration ◽  
Monetary Union ◽  
Large Scale ◽  
Monetary Integration ◽  
Costs And Benefits ◽  
Eurasian Economic Union ◽  
Economic Union ◽  
Preparatory Work

The Treaty of the Eurasian Economic Union (EAEU), in force in 2015, marked the transition to the deep regional economic integration, including the coordination of macroeconomic and monetary poliсies. The paper provides quantitative analysis of the costs and benefits of the ultimate scenario, namely of the hypothetical monetary union. The analysis indicates that the monetary union would require a large-scale preparatory work by the EAEU member states and is justified only in the long term.

Regulation of Combining Brokerage Activities in the Securities Market in the Legislation of the EAEU Countries

2019 ◽  
Vol 10 (7) ◽  
pp. 1994
Author(s):  
Renat K. KANATOV
Keyword(s):  
Securities Market ◽  
Entrepreneurial Activity ◽  
Business Law ◽  
Economic Sectors ◽  
Legal Norms ◽  
Professional Activities ◽  
Eurasian Economic Union ◽  
Economic Union ◽  
Uniform Policy ◽  
National Economies

This research is devoted to the analysis of legal norms on combining brokerage activities in the securities market with other types of entrepreneurial activity in the countries of the Eurasian Economic Union. Recently, consideration of issues of harmonization of the legislation of the countries of the Eurasian Economic Union has gained particular importance in conditions of ensuring freedom of movement of goods, services, capital and labor, pursuing a coordinated, consistent or uniform policy in economic sectors within the framework of the Eurasian Economic Union; the formation of a single market for goods, services, capital and labor  within the Eurasian Economic Union; creation of conditions for stable development of the economies of the countries of the Eurasian Economic Union in the interests of improving the living standards of their population; comprehensive modernization, cooperation and competitiveness of national economies in the global economic space. In this regard, the aim of the article is to identify problems and develop provisions for harmonizing the legislation of the countries of the Eurasian Economic Union in terms of combining brokerage with other types of professional activities in the securities market in the countries of the Eurasian Economic Union. The results of the study in this article can be used in law-making to harmonize the legislation of the countries of the Eurasian Economic Union in the field of regulation of brokerage in the securities market, as well as in scientific research in the field of civil and business law.  

scholarly journals The Turkish Factor in Relations between Russia and Kazakhstan in the Context of Eurasian Integration

2021 ◽  
pp. 43-63
Author(s):  
M. M. Shumilov
Keyword(s):  
Central Asia ◽  
Regional Integration ◽  
National Development ◽  
Difficult Situation ◽  
Economic Relations ◽  
Progressive Development ◽  
Eurasian Economic Union ◽  
Economic Union ◽  
High Level ◽  
Integration Project

Today, the member states of the Eurasian Economic Union (EAEU) have to respond to a set of challenges and threats that hinder the progressive development of regional integration. Among them are the problems of relations between the member countries themselves, who found themselves in a difficult situation in the context of the coronavirus pandemic. This does not detract from the huge potential of Eurasian integration and the possibility of expanding the range of interested participants in this project. For this reason, Russia and Kazakhstan are obliged to fully protect the constructive, allied, fraternal relations that have developed between them, especially since the success of Eurasian integration as a whole largely depends on this. The combination of objective factors and circumstances, including the spread of Turkey’s influence in Central Asia, puts RussianKazakh relations to certain tests. The Great Turan project, implemented by Turkey and its Turkicspeaking partners, carries certain risks for Russia. The purpose of this study is to clarify the circumstances related to this. At the same time, the author focuses on the development of Russian-Kazakh economic relations in the context of the implementation of the Eurasian integration project. It exposes the myth that the EEU is a politicized institution inspired by the “imperial elites” of Russia. Revealing and analyzing the existing conflict of interests, certain differences in the understanding of the tactical tasks of national development, the author shows that the conflict potential in relations between Russia and Kazakhstan is reliably stopped both by the leaders of the states and by the high level of good-neighborliness and popular will and has no prospects of aggravation. At the same time, the conclusion is justified that no problematic issues of Russian-Kazakh relations can devalue the positive prospects for Eurasian integration. The author also seeks to substantiate the thesis about the inability of the Turkish factor to cause damage to Russian-Kazakh relations and the Eurasian project as a whole. Moreover, the author tries to bring an objective platform under the statement about the compatibility and the possibility of interfacing the Eurasian and all-Turkic integration projects.

Sign in / Sign up

Export Citation Format

Share Document