Analysis of integration groups’ trade globalization (the Russian Federation and Eurasian Economic Union countries as an example)

Abstract

The post-Soviet space has already accumulated some experience of integration cooperation, which made the basis of the Eurasian Economic Union. The accession of Armenia and Kyrgyzstan led not only to the territorial expansion of the EEU, but also changed the system of economic relations, which could not but affect the positioning of the integration group in the system of the world economy as an integral economic entity. The Eurasian Economic Union is quite differentiated by the level of its member states. There is a sharp difference between the group from Kyrgyzstan, Armenia and Belarus and the Russia-Kazakhstan pair. The analysis confirms that Russia and Kazakhstan are still not only the engines of integration, but also its core, demonstrating trends similar to developed countries. This paper analyzes the EEC trade globalization in order to determine the status of its member countries in terms of foreign trade relations.