BELARUSIAN FORK: RESULTS OF POST-SOVIET SOCIO-ECONOMIC EVOLUTION AND SCENARIO OPTIONS FOR FURTHER DEVELOPMENT OF THE REPUBLIC OF BELARUS

2021 ◽  
pp. 70-87
Author(s):  
S.Yu. Glaziev
Keyword(s):  
Economic Development ◽  
Economic Integration ◽  
Economic Structure ◽  
Economic Evolution ◽  
Eurasian Economic Union ◽  
Technological Structure ◽  
World Economic ◽  
Economic Union ◽  
The Republic ◽  
Future Economic Development

The current socio-political upheavals, which are fraught with undermining the Belarusian statehood, may also torpedo the planned transition to the implementation of the strategy of advanced development of the Republic of Belarus based on increasing cooperation between Belarusian economic entities and Russian ones on the legal basis of the Union state of Russia and Belarus (USRB) and the Eurasian economic Union (EAEU). Summing up the socio-economic evolution of post-Soviet Belarus, which is impressive against the background of the corresponding results of other ex-Soviet republics, the author of the article connects these successes with the capacity of the Belarusian management system, which has already mastered a number of institutions of a new (integral) world economic structure, including strategic indicative macroeconomic planning. However, this in itself does not save from socio-political upheavals of various forms, strength and scale. The Republic of Belarus, like other members of the EAEU, needs to harmonize the interests of various social groups and consolidate society based on the state policy of increasing public welfare. Based on these principles, developed in numerous previous publications of the author, he makes recommendations for coping with the growing socio-political and socio-economic crises, as well as builds options for future economic development, depending primarily on the vector of the upcoming integration construction — Eurasian or European — that the Belarusian people will choose. Keywords: the Republic of Belarus (RB), Belarus, the Union State of Russia and Belarus (USRB), the Eurasian Economic Union (EAEU), the Eurasian Economic Commission, Eurasian economic integration, European economic integration, European Union (EU), cooperative interaction of economic entities, technological structure, new (sixth) technological structure, world economic structure, new (integrated) economic structure, strategy of advancing economic development, economic growth, convergent technology, the Republic of Ukraine (RU).

scholarly journals KAZAKHSTAN IN THE EURASIAN ECONOMIC UNIT. RESULTS OF THE FIRST FIVE YEARS

2021 ◽  
pp. 111-121
Author(s):  
Daulet SAUTBEKOV ◽  
Erlan KYLBAYEV
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
International Trade ◽  
Economic Integration ◽  
National Economy ◽  
Eurasian Economic Union ◽  
Subsequent Period ◽  
Socio Economic Development ◽  
Economic Union ◽  
The Republic

The article discusses topical issues of economic integration of Kazakhstan within the framework of the Eurasian Economic Union (EAEU). Individual indicators of the socio-economic development of the republic on the eve of joining the EAEU and in the subsequent period of Kazakhstan's presence in the integration association are analyzed, tables and diagrams are compiled, reflecting the dynamics of the development of the national economy. The main problems in the structure of the economy of Kazakhstan are highlighted and some mechanisms for their solution are proposed. It is concluded that the integration potential of Kazakhstan is not fully utilized, certain industries have not been developed in the context of international trade, and the development of cooperative ties with the EAEU countries requires the use of additional measures in the investment and industrial policy of Kazakhstan. At the same time, in the changing conditions of international trade, Kazakhstan has the opportunity to strengthen its position, and integration opportunities can become a driver of economic growth in the coming years despite criticism from skeptics.

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.

scholarly journals Path to the Common Monetary Authority: An Assessment on Banking Sector of the Eurasian Economic Union Countries during the Economic Integration Proces

2015 ◽  
Author(s):  
Fatma Gündoğdu Odabaşıoğlu
Keyword(s):  
Economic Integration ◽  
Russian Federation ◽  
Banking Sector ◽  
Monetary Authority ◽  
Price Stability ◽  
Eurasian Economic Union ◽  
Financial Strength ◽  
Advanced Stages ◽  
Economic Union ◽  
The Republic

Monetary union is one of the advanced stages of international economic integration and involves shared monetary and exchange rate policies that are executed collectively across union members. This common policy warrants price stability and requires a common supranational monetary authority. Existence of an established banking sector is crucial for effective execution of policy decisions taken by said monetary authorities. Eurasian Economic Union (EAEU) is officially established on January 1st of 2015 and is an example for a regional economic integration. Aim of the Union, which is comprised of Russia, Kazakhstan, Belarus and Republic of Armenia; is to increase collaboration among economies, to improve the living standards of the participating nations and to promote stable development. This study is based on assessment banking industries of member countries, working towards common monetary authority during the transition to EAEU economic integration between years 1995 and 2014. Data acquired from World Bank and member countries' central banks is used to determine the capabilities and limitations of partaking economies based on generally accepted financial strength indicators. In conclusion; Russian Federation and the Republic of Kazakhstan are observed to be the principal EAEU members due to their advanced and strong banking industries. Increasing fragilities over the years, amplified also by developments in global markets, are evident in member countries; especially in Belarus and Armenia. Significance of achieving price stability in founding country Russian Federation is emphasized for successfully establishing a common monetary authority.

scholarly journals National priorities and prospects for the development of the Eurasian Economic Integration

2021 ◽  
pp. 33-74
Author(s):  
Marina Lvovna Vartanova
Keyword(s):  
Economic Development ◽  
Economic Integration ◽  
Fundamental Nature ◽  
Eurasian Economic Union ◽  
Current State ◽  
Socio Economic Development ◽  
Soviet Space ◽  
Positive Impression ◽  
Economic Union ◽  
Considerable Benefit

The chapter "National Priorities and Prospects for the Development of the Eurasian Economic Integration" is devoted to such issues as modern integration processes and prospects for the socio-economic development of the countries of the Eurasian Economic Union. The author describes the trends, problems, and contradictions of integration processes, and substantiates proposals for improving the effectiveness of building a new integration association in the post-Soviet space. A very positive impression on the reader is made by the thoroughness, the fundamental nature of the work under consideration, and the author's coverage of numerous aspects of the complex and acutely topical problem of the current state of the Eurasian Economic Union. This chapter will also be of undoubted and considerable benefit to all those who are interested in the problems of the formation of the Eurasian Economic Union.

scholarly journals Russia and the Eurasian economic Union: a comparative analysis of the sectoral structure of the economy and industrial policy

2019 ◽  
Vol 11 (1) ◽  
Author(s):  
Valentina Dorzhieva
Keyword(s):  
Economic Development ◽  
Industrial Policy ◽  
Economic Integration ◽  
Member States ◽  
Mutual Trade ◽  
Sectoral Structure ◽  
Eurasian Economic Union ◽  
Socio Economic Development ◽  
Economic Union ◽  
National Economies

The main objectives of the Eurasian economic Union (EAEU), as an international economic integration, are to increase the sustainability of socio-economic development and competitiveness of industrial complexes of the member States on the basis of the formation of a new model of development and implementation of a coordinated industrial policy. The main feature of the EAEU is the clear dominance of Russia in a number of indicators, including population, GDP, industrial production, exports and imports, mutual trade, and investment. It is proved that the considered economic integration as a whole led to the change after a long-term decline in the negative dynamics of GDP to positive according to official statistics and analytical reports of international organizations for the period 2013–2018 at the expense of a coordinated industrial policy. Namely, industrial policy determines the vector of modernization of national economies and regulates the volume and sectoral structure of GDP. The features and tools of industrial policy strategies implementation are revealed. In accordance with the classification of industrial development strategies adopted by the UN conference on trade and development (UNCTAD), the article defines the types and tools of applied industrial policy strategies in the EAEU member States. The results of cross-country comparisons of the main macroeconomic indicators show that the structure of national economies and the level of socio-economic development of the EAEU member States are uneven and differ significantly. At the same time, the structure of the national economy of Russia does not meet modern challenges in comparison with such developed countries as the USA and Germany. A special role in the EAEU is played by mutual trade, demonstrating much greater resistance to crisis processes, and foreign trade with third countries. The transition to a coordinated industrial policy contributes to the strengthening of intra-sectoral nature of mutual trade in the EAEU.

THE REPUBLIC OF BELARUS: THE EVOLUTION OF THE POLICY OF BALANCING BETWEEN UNION STATE OF BELARUS AND RUSSIA AND EURASIAN ECONOMIC UNION

2021 ◽  
pp. 193-232
Author(s):  
Andrei Suzdaltsev
Keyword(s):  
Economic Integration ◽  
Privileged Access ◽  
Eurasian Economic Union ◽  
Soviet Space ◽  
The Russian Federation ◽  
Economic Union ◽  
The Republic ◽  
Integration Project ◽  
To Receive ◽  
Post Soviet Space

The article is devoted to comparing the policies of the Belarusian leadership in the Eurasian Economic Union (EAEU) and the Union State of Belarus and Russia. The author notes that at present the official Minsk considers the acquisition of integration preferences and subsidies and obtaining privileged access to the resources and markets of Russia and Kazakhstan as its main goal in economic integration projects in the post-Soviet space. At the same time, the Belarusian leadership is striving to slow down the process of connecting the economies of the countries participating in Eurasian integration. It is shown that since 2010 the Republic of Belarus has effectively used its participation in two integration projects that complement each other in the field of economic integration. Periodically, Minsk used the EAEU as an additional platform for dialogue with Moscow to receive Russian subsidies. At the same time, using the disagreements between the EAEU member states, President of the Republic of Belarus A. Lukashenko has repeatedly tried to resolve issues arising in the framework of Eurasian integration in his favor. The creation of temporary coalitions by Belarus with Kazakhstan, Kyrgyzstan and Armenia helped to block Russia’s proposal to introduce a single EAEU currency in 2014-2015. Currently, official Minsk expects to keep the EAEU in the format of a sponsor of the Belarusian economy, but is still not ready to deepen integration within the framework of the Eurasian integration project. The Belarusian leadership expects that the policy of balancing between the EAEU and the Union State will allow the republic to continue to receive and increase resource and financial support from the Russian Federation.

EURASIAN ECONOMIC UNION AS THE MOST PROMISING DIRECTION IN FOREIGN TRADE STRATEGY OF MONGOLIA IN REGIONAL INTEGRATION

2021 ◽  
pp. 110-118
Author(s):  
Dulguun Altanchulun ◽  
Keyword(s):  
Economic Development ◽  
Economic Integration ◽  
Regional Integration ◽  
Trade Theory ◽  
Regional Trade ◽  
Eurasian Economic Union ◽  
Level Of Economic Development ◽  
Economic Union ◽  
Economic Partnership ◽  
Partnership Agreement

Today, a regional economic integration is one of the main tendencies in global economic development. The world economic globalization is in the formative stage and most of the countries adhere to protectionism with regards to trade and economic co-operation. In those conditions, the countries opt for regional trade and economic integration. Mongolia is a country, which is not sufficiently enough participating in regional trade and economic integration. In 2016, Mongolia signed only one Economic Partnership Agreement with Japan. According to the trade theory, FTA is most useful to the countries, which have similar level of economic development. In that case, most favorable direction for Mongolia in regional trade and economic integration is the Eurasian Economic Union.

scholarly journals ASSESSMENT OF THE CUSTOMS ADMINISTRATION EFFICIENCY AS A TOOL FOR THE DEVELOPMENT OF THE EAEU

2021 ◽  
Vol 0 (4) ◽  
pp. 7-35
Author(s):  
Ruslan Davydov ◽  
Keyword(s):  
Economic Development ◽  
Comparative Analysis ◽  
Economic Integration ◽  
International Experience ◽  
Topical Issue ◽  
Eurasian Economic Union ◽  
Economic Union ◽  
Customs Administration ◽  
The Eu

The article deals with the topical issue of assessing the efficiency of customs administration as one of the tools for the development of the Eurasian Economic Union (hereinafter - the EAEU). It is noted that there are significant differences in approaches to assessing customs administration in the EAEU member states, which creates obstacles to further integration of the EAEU. A comparative analysis of the existing systems for assessing the activities of the customs authorities of the EAEU countries is carried out, which implies the need for unification and standardization of customs operations and procedures, customs administration in general. Based on a comparative analysis of the customs practice of the EAEU countries, as well as existing international experience in unifying the work of customs administrations for the development of economic integration, a proposal was put forward based on the case study of the EU to harmonize the systems for assessing the efficiency of customs administration in the Eurasian Economic Union as a tool for its economic development.

REPUBLIC OF UZBEKISTAN AND THE EURASIAN ECONOMIC UNION: INTEGRATION OPPORTUNITIES

2020 ◽  
Vol 9 (3) ◽  
pp. 87-99
Author(s):  
Nabi Ziyadullayev ◽  
◽  
Ulugbek Ziyadullayev ◽  
Keyword(s):  
International Trade ◽  
Foreign Trade ◽  
Central Asia ◽  
National Economy ◽  
Effective Interaction ◽  
Regional Powers ◽  
Eurasian Economic Union ◽  
Economic Union ◽  
The Republic ◽  
Cis Countries

The article reveals the features of the international trade, economic and integration priorities of the Republic of Uzbekistan. The conceptual approaches to joining the WTO, diversification of the geography and structure of foreign trade, as well as the expansion of foreign economic cooperation with world and regional powers, the CIS countries and Central Asia are substantiated. Particular attention is paid to risks and building vectors for effective interaction with the Eurasian Economic Union (EAEU), as well as mitigating the effects of the coronavirus pandemic on the national economy.

ABOUT SOME CHANGES AND ADDITIONS TO ANTIMONOPOLY LEGISLATION (BY THE EXAMPLE OF THE REPUBLIC OF BELARUS)

2020 ◽  
Author(s):  
O.V. Sinyak
Keyword(s):  
Eurasian Economic Union ◽  
Economic Union ◽  
The Law ◽  
The Republic

The main changes and additions in connection with the entry into force of the new version of the Law are considered. The purpose of the new edition of the Law is to improve the norms of antimonopoly laws, taking into account the practice of its application, bringing them into line with international legal acts that make up the law of the Eurasian Economic Union

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