Regional Economics: Theory and Practice

Eurasian Economic Union as a specific form of international economic integration

Vol. 16, Iss. 5, MAY 2018

Received: 28 February 2018

Received in revised form: 26 March 2018

Accepted: 12 April 2018

Available online: 15 May 2018


JEL Classification: F02, F15

Pages: 805–815

Tsoi A.V. Lomonosov Moscow State University, Moscow, Russian Federation

ORCID id: not available

Importance The article investigates current processes within the Eurasian Economic Union, ASEAN and the EU and defines the most preferable interaction of the EEU with other integrated groups and third countries.
Objectives The purpose is to identify objective trends, which characterize the EEU as a specific form of international economic integration.
Methods The study employs methods of statistical analysis, expert evaluation, and comparative analysis.
Results The analysis of integration processes within the EEU, EU and ASEAN shows that in terms of economic development and views on the policy of supranationality, the EEU is closer to ASEAN than to the EU. We specify that the EEU departs from the 'classical' form of international economic integration and thereby proves that the EU is by no means the only way to integration.
Conclusions The EEU integration development should take into account all up-to-date mechanisms generated within the EU, ASEAN, TTIP, SREB, etc. However, it is necessary to build an individual model of economic integration for the EEU to unlock its potential. The Eurasian integration should be reconsidered based on the best world practices.

Keywords: EEU, international economic integration, ASEAN, EU


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