Specifics of Integration Processes in the Former Soviet Union: The Case of the Eurasian Economic Union

2018 ◽  
Vol 9 (4) ◽  
pp. 1402
Author(s):  
Assem OINAROVA ◽  
Ramazan ALIMKULOV ◽  
Sholpan TLEPINA
Keyword(s):  
Economic Integration ◽  
Regional Integration ◽  
Analytical Data ◽  
International Organization ◽  
Regional Economic Integration ◽  
Regional Economic ◽  
Member States ◽  
Eurasian Economic Union ◽  
The World ◽  
Economic Union

In the present settings, the development of the world economy follows a key trend that consists in regional economic integration. It is quite predictable that the member states of the Eurasian Economic Union (EAEU) are promoting the project of economic integration aiming to secure certain positions in the developing new structure of the global economic system. This study aims to establish whether EAEU meets the criteria for an international organization of regional integration, as well as to consider whether the EAEU countries can successfully combine their membership with the membership in the World Trade Organization (WTO). The study was based on specific techniques and methods for the research of phenomena and processes. In a bid to reach the objectives of the study, the authors considered the scientific opinions, online data sources, as well as the analytical data available on the official websites of EAEU, WTO and the Eurasian Economic Commission. The importance of the study lies in the actionable advice on the improvement of integration that was provided based on the analysis of the regional economic integration processes within EAEU. The study concludes that the EAEU was established in accordance with the norms of international law and that the Union possesses every attribute of an international organization. In addition to that, as a result of examining EAEU’s ‘outer borders,’ the study revealed certain problems for the member states in trying to maintain their EAEU membership alongside with the membership in WTO.

Economic Integration: Lessons for the Post-Soviet Space

2016 ◽  
Vol 60 (4) ◽  
pp. 61-69
Author(s):  
M. Golovnin ◽  
A. Zakharov ◽  
D. Ushkalova
Keyword(s):  
Emerging Markets ◽  
Economic Integration ◽  
Regional Integration ◽  
Economic Effects ◽  
Dynamic Effects ◽  
Eurasian Economic Union ◽  
The World ◽  
Soviet Space ◽  
Economic Union ◽  
Post Soviet Space

Authors examine economic effects of regional integration in the emerging markets, impact of globalization on economic integration and existing models of economic integration in different regions of the world in order to distinguish key characteristics of efficient model of integration at the post-Soviet space. In particular, authors distinguish the significance of various static and dynamic effects of economic integration for emerging markets and make a conclusion on the rising importance of dynamic effects. It is proved that positive economic effects of integration could be more evident for the emerging markets than for the developed ones. On the basis of a detailed analysis of specific features of economic integration projects in different regions of the world, a conclusion is drawn on key importance for emerging markets of such formats of economic integration that directly contribute to economic development (infrastructure development projects, creation of growth poles, formation of scientific and technological potential, etc.). In the context of globalization the strengthening of cooperation in investment sphere, the implementation of integration projects on financial markets, the creation of common defensive mechanisms against external shocks are of particular significance for economic integration processes. Basing on the undertaken analysis, the main principles of efficient model of integration in the Eurasian Economic Union are outlined and the key terms of realization of this model are defined. First of all, an efficient model of integration in the Eurasian Economic Union should be formed in contest of interaction between this union, at the one hand, and European and Asian integration centers, at the other hand. Then, integration mechanisms should extend beyond traditional schemes of integration and include different types of agreements (on preferential investment, financial integration and cooperation), sectoral cooperation projects, common policies, etc. Formation of single humanitarian, scientific and innovation environment should become the key element of the integration model of the Eurasian Economic Union. Acknowledgements. The article has been supported by a grant of the Russian Fund for Humanities.Project No. 13-33-11120.

scholarly journals Asean Is Working On The Triple-Cs Principle For Regional Economic Integration

2021 ◽  
Vol 58 (1) ◽  
pp. 5447-5457
Author(s):  
Dr. Sarfraz Batool Et al.
Keyword(s):  
Economic Development ◽  
Economic Integration ◽  
Regional Integration ◽  
Regional Economic Integration ◽  
The South ◽  
Regional Economic ◽  
The Third ◽  
Asian Region ◽  
The World ◽  
Socio Economic Development

Southeast Asian Association for regional Co-operation was established in 1967 for the region's socio-economic development. Now it has been working as a single economic body and has become the sixth-largest economy in the world and third largest in Asia. It constitutes the third-largest population in the world that is effectively connected through physical and digital means.  This study aims to develop a theoretical understanding of the concept of regional Integration and to analyze the trends of regional integration suitable for the South East Asian region specifically. It focuses on the ASEAN's Triple-Cs Principle to deeply analyze its journey of regional economic integration. This Principle, basically, describe the existing strategic patterns of economic integration specifically used in the ASEAN countries to maintain their territorial integrity and increase socio-economic development in the world’s most diverse region. It further shows that how ASEAN remained consistently committed to regional integration since its initiation, for that purpose, how ASEAN worked on the journey of regional connectivity. And, How the advancement in the digital arena, is constantly increasing the regional connectivity (through digital means) and has become a backbone for the process of regional integration in the Asian region. Finally, how regional connectivity brings Peace, Progress, and Prosperity in the South East Asia. Further, it also helps to analyze that how much the existing patterns of Asian regionalism are conducive for socio-economic development. This study is divided into the following sections; the first section briefly describes the central theories of regionalism. In addition, it extensively describes the concept of region, regionalism, and regional integration and the importance of regional integration in the Asian region. The second section of the study explains the details of the Triple-Cs Principle of ASEAN for regional integration. The third section describes how ASEAN followed the Triple-Cs principle during its journey towards regional economic integration in different phases. Finally, it concludes with certain recommendations

scholarly journals Peculiarities of Israel’s participation in regional economic integration

2016 ◽  
pp. 41-50
Author(s):  
A. V. Fedorchenko
Keyword(s):  
Economic Integration ◽  
The United States ◽  
Regional Economic Integration ◽  
The European Union ◽  
Regional Economic ◽  
Free Trade Zones ◽  
Eurasian Economic Union ◽  
Unique Experience ◽  
Economic Union ◽  
National Economies

At present, the majority of countries are involved in regional economic associations. National economies are attracted primarily to the neighboring countries and regions. Therefore, the term «regional economic integration» is used more often than the term «international economic integration». Israel is in a difficult geopolitical condition, it has a unique experience of participating in such associations that is in the center of investigation. The research is focused at the free trade zones between Israel and the European Union (EC), the United States, state and economic integration prospects in the Middle East as a whole. In the final part of the article the author notes the possibility of liberalization of foreign trade regime between Israel and the Eurasian Economic Union.

The role of standardization as a key Tool of Quality Economics in the development of integration of the Eurasian Economic Union

2019 ◽  
pp. 14-19
Author(s):  
V. V. Okrepilov ◽  
A. G. Gridasov
Keyword(s):  
Economic Integration ◽  
Legal Framework ◽  
Regulatory Framework ◽  
International Standards ◽  
Member States ◽  
Scientific Methods ◽  
Goods And Services ◽  
Eurasian Economic Union ◽  
Economic Union

The presented study examines the experience of forming a regulatory framework for the integration of the Eurasian Economic Union (EAEU) member states through the example of standardization as one of the key tools of quality economics.Aim. The study analyzes the major solutions of the EAEU authorities and member countries aimed at increasing the role of standardization in the economic integration of the Union over five years of its existence.Tasks. The authors identify efficient methods for developing standardization for the integration of the EAEU states as well as the most problematic aspects in this field that need to be taken into account in the qualitative strengthening of the Union’s economy.Methods. This study uses general scientific methods of cognition to examine the activities of the EAEU authorities and member states aimed at creating a system for the economic integration of the Union during a period of its transition from separate national markets towards a single (common) market.Results. Over five years of operation in the field of stadardization, the Eurasian Economic Union has created the necessary organizational and legal framework to ensure the successful development of integration processes. The national legislation on standardization has been modernized with allowance for the harmonization of these laws. In the next five-six years, the development of international standards for 40 technical regulations is expected to be completed, which would create a regulatory framework for unhindered interaction between all participants of the single (common) EAEU market. Conclusions. The analysis of activities in the field of standardization reveals a sufficiently thought-out and coordinated policy of the EAEU states in creating the necessary conditions for overcoming legal and administrative barriers in the movement of goods and services within the common economic space of the EAEU.

scholarly journals Putin's and Russian-led Eurasian Economic Union: A hybrid half-economics and half-political “Janus Bifrons”

2018 ◽  
Vol 9 (1) ◽  
pp. 52-60 ◽  
Author(s):  
Bruno S. Sergi
Keyword(s):  
Economic Development ◽  
Economic Integration ◽  
Industrial Production ◽  
Political Agenda ◽  
Regional Economic Integration ◽  
Eurasian Economic Union ◽  
Soviet Space ◽  
Economic Union ◽  
Post Soviet Space

The Eurasian Economic Union is an institution formalized in January 2015 for the purpose of regional economic integration; it includes five countries: Russia, Kazakhstan, Belarus, Armenia, and Kyrgyzstan, and may include Mongolia and Tajikistan in the future. With a GDP of $1.59 trillion in 2015, an industrial production of $1.3 trillion in 2014, and population of almost 200 million as of 2016, the EEAU could represent a geopolitical success that supports both Putin's ambitious political agenda and the Union's economic prospects. Although the efforts of this Union are ongoing and long-term success is not certain, the Russia-led Eurasian Economic Union can be considered a hybrid half-economics and half-political “Janus Bifrons” that serves as a powerful illustration of what Putin envisions for the post-Soviet space. Despite promising steps so far, more should be done toward the achievement of economic development and balanced opportunity for all Eurasian countries. Russia's longstanding role within the Union, as well as its power and political motivations, are all considerations that must be accounted for.

Investigating the Role of Regional Economic Integration on Growth: Fresh Insights from South Asia

2020 ◽  
pp. 097491012097480
Author(s):  
Muhammad Ibrahim Shah
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
South Asia ◽  
South Asian ◽  
Economic Integration ◽  
Regional Integration ◽  
Policy Implications ◽  
Regional Economic Integration ◽  
Asian Countries ◽  
Regional Economic

Regional economic integration is the key to achieving prosperity and stability. However, intra-regional trade in South Asia accounts for not more than 5%–6% of their total trade. This study aims to examine the role played by regional economic integration in determining the economic growth of South Asian countries over the period 1980–2015. Since shocks in one country may affect another country in the region, this is taken into account in the article by employing methodologies that are robust to cross sectional dependence. Specifically, continuously-updated and bias-corrected (CupBC) of Bai et al. (2009) and Dumitrescu–Hurlin panel causality test (2012) have been employed to estimate long-run coefficients and determine the direction of relationship among the variables, respectively. The findings suggest that economic integration increases economic growth significantly in this region. However, contrary to popular belief, both democracy and human capital are negatively related to economic growth. Bidirectional causality is found between economic integration and democracy, regional integration and human capital, democracy and human capital and, democracy and labor. This study also presents several policy implications for South Asian countries.

scholarly journals The Challenge of Regional Economic Integration in Africa: Theory and Reality

2015 ◽  
Vol 3 (4) ◽  
pp. 5 ◽  
Author(s):  
Peace A. Jiboku
Keyword(s):  
Economic Integration ◽  
Developed Countries ◽  
Economic Transformation ◽  
Theory And Practice ◽  
Regional Economic Integration ◽  
Least Developed Countries ◽  
High Concentration ◽  
Regional Economic ◽  
Integration Schemes ◽  
The World

Africa has a high concentration of sub-regional economic organisations, multilateral arrangements and institutions promoting the goals of integration. Yet, the continent has remained the least integrated of the world’s major regions. Africa has remained slow in its development trajectory and harbours most of the least developed countries of the world. A large percentage of the African populace is mired in poverty while the sub-continent continues to be marginalised in global affairs. The obvious reality is that Africa is yet to benefit fully from the gains of regional economic integration and that the economic transformation of the African continent as a whole – one of the main objectives often declared in establishing regional economic integration schemes – is yet to be realised. There is, in Africa, a seemingly wide gap between the theoretical aspirations towards regional economic integration and the empirical evidence and practical reality of actual integration. Regionalism in Africa raises several issues of contradictions and debate in the world <br />of theory. This paper examines regional economic integration challenge in Africa locating key issues within theory and practice.

Trade in electricity under WTO and EAEU Law: compatibility of two legal regimes†

2020 ◽  
Vol 13 (2) ◽  
pp. 129-140
Author(s):  
Daria Boklan ◽  
Olga Belova
Keyword(s):  
World Trade Organization ◽  
Electricity Market ◽  
World Trade ◽  
Legal Order ◽  
Member States ◽  
Eurasian Economic Union ◽  
The World ◽  
History Of ◽  
Economic Union

Abstract Accession of Russia and Kazakhstan to the World Trade Organization (WTO) constitutes a landmark event in the history of this organization, especially in relation to trade in energy, in general, and trade in electricity, in particular. As a result, the role of the WTO in regulating trade in electricity has increasingly grown. However, the Treaty on the Eurasian Economic Union, a treaty that binds both Russia and Kazakhstan, necessitates additional regulation for trade in electricity, concurrent with law of the WTO. Recently, this treaty was amended by the Protocol on Common Electricity Market on 1 July 2019. As a result, compatibility issues between the rules of the WTO and the Eurasian Economic Union arise. This article concludes that the law of the WTO can be relevant to trade in electricity between Member States of the Eurasian Economic Union and third countries because of the specific place of the rules of the WTO under the Eurasian Economic Union legal order.

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