Structural Effects of Eurasian Integration

Migranyan, Azganush A.

doi:10.21686/2410-7395-2019-3-103-123

Cited by 5 publications

(4 citation statements)

References 6 publications

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“…The current state of the world economy is characterized by another period of instability and turbulence, which, according to many experts, will continue for a fairly long period [20][21][22]. Volatility is observed in almost all macroeconomic indicators, as well as major price indicators.…”

Section: Discussionmentioning

confidence: 99%

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Integration of the EAEU Countries: Qualitative Changes

Sopilko¹,

Tumin²,

Eremina³

et al. 2022

Proceedings of the International Scientific and Practical Conference Strategy of Development of Regional Ecosystems “Education-

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The paper presents an analysis of various modern approaches to assessing the integration effects of countries in international practice regarding the quality of their development. The main goal of the study is to substantiate the economic feasibility of further development of the integration of the EAEU member states, within the framework of which the task was set to form a specific approach to assessing the quality effects of the economic integration of the EAEU countries from the standpoint of ongoing reforms, opportunities to improve the welfare of the population, the quality of life of the population, etc. The authors have carried out a comparative analysis of various quality parameters in relation to the transformational reforms carried out in the EAEU region in comparison with some post-Soviet countries, have analyzed the main characteristics of the Doing Business data, the dynamics of the Human Development Index, global competitiveness, quality of life, the Gini index, etc. The obtained results substantiate the fact that integration ties have a positive impact on the socio-economic development of the countries. Based on this analysis, some problems in the activities of the EAEU states regarding the development of integration processes have been highlighted, and they indicate that the Eurasian countries need the development of quality institutions; also, the shortcomings in the development of industry and the need to form value-added chains have been indicated. The conclusion has been made about the weakness of the institutional basis of the EAEU, and the possibilities for the development of integration processes for reforms in various areas of the economy. It is also shown that a quality assessment of indicators should be carried out over a longer period of reforms than the EAEU exists and can be supported by quantity methods, for example, predictive dynamics of the main macroeconomic indicators of the countries or other methods of economic and mathematical modeling.

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Section: Discussionmentioning

confidence: 99%

“…There is an increase in certain competitive advantages in terms of the overall global picture, namely, an increase in the positions of the EAEU countries in various rankings [21].…”

Section: Discussionmentioning

confidence: 99%

Integration of the EAEU Countries: Qualitative Changes

Sopilko¹,

Tumin²,

Eremina³

et al. 2022

Proceedings of the International Scientific and Practical Conference Strategy of Development of Regional Ecosystems “Education-

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“…The basis of the theory of comparative advantages proposed by David Ricardo is the specialization in the production of goods with the maximum absolute advantage over the production of other goods (Ricardo 1955). John Stuart Mill further developed the theory of Ricardo, and his main idea was reflected in the following statement: "the values at which one exchanges its products with other countries depend on two factors: firstly, on the size and ability to expand the demand of these countries for its product in comparison with its demand for their products; secondly, on the amount of capital released from the domestic production of goods for own consumption" (see Mill 1980).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Thus, the prospects for further development of the EAEU, the effectiveness of the measures taken and the promptness of solving the tasks set largely depend on the adopted integration model, which takes into account the current challenges of the external economic situation, the general socio-political context of interaction between the member states within the EAEU and with the states of the world (Osadchaya 2021;Mostafa and Mahmood 2018). Among the main risk groups for the development of the EAEU in the context of increasing the competitiveness of national economies, the following can be distinguished (Migranyan 2019):…”

Section: Threatsmentioning

confidence: 99%

International Trade in the Post-Soviet Space: Trends, Threats, and Prospects for the Internal Trade within the Eurasian Economic Union

Kot

Barsukova

Strielkowski

et al. 2022

JRFM

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This paper discusses the dynamics of foreign trade in the post-Soviet space within the Eurasian Economic Union (EAEU) during the period from 2015 to 2021. Additionally, the paper analyzes export indicators in foreign and mutual trade of the EAEU member countries and diversification of the commodity structure as well as its dynamics based on the commodity concentration index for each member country. Our paper identifies the strengths and weaknesses of the EAEU, analyzes the opportunities and threats of development, and focuses on the trends and prospects. The main strengths include the institutional and legal structure of the EAEU single market, the historical, cultural, and economic proximity of the EAEU member countries, the transit potential of the territory, the high level of domestic trade, and the increasing share of ruble transactions in the trade turnover. The most significant weaknesses are the low efficiency of the institutional structure, the gap in the socio-economic level of development of the participating countries, unstable geopolitical situations in some member countries, the low level of recognition of the EAEU in the world market, economic and political conflicts of interests of the member countries, and the dependence on Western technologies in some key industries. Strategically important opportunities can be found in the creation and implementation of a long-term development strategy, diversification of trade with the Middle East and Asian countries, expansion in terms of the territorial composition, development of the institutional and legal structure as well as cooperation ties, as well as the cooperation in the field of technological innovation and financial security. Among the most significant threats were identified the outpacing growth in the share of EAEU members’ trade with China, the expansion of economic and political contradictions between the EAEU member countries, and the strengthening of the positions of alternative currencies in foreign trade.

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Study of the Financial Crisis in the Countries of the Eurasian Economic Union: Marxist Approach

Abgaldaev,

Bubnov,

Osodoeva

2023

Baikal Research Journal

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The financial crisis is a serious problem for the Eurasian economic union development as international organization (hereinafter referred to as the EAEU), where is violated the economic and financial institutions’ functioning principle, the values, traditions and norms are lost. It is considered that one of the main crisis causes are the interstate economic policy of the EAEU member countries failures. The article proposes the ways to restore the EAEU countries’ economies from the crisis consequences, which periodization falls on 2015–2018, 2020–2022, that negatively affects on the single currency area they are creating, and examines potential economic and political threats during its formation. It is revealed that if the crisis inflicts damage on some EAEU members, then for other union members it will become a favorable deriving benefits environment, which will lead to inequality and even greater exacerbation. This paper shows that the Marxist crisis theory is the most acceptable approach in explaining economic inequalities and disproportions in the countries development. This approach led to the conclusion that the expansion of the Russian ruble circulation, the profits and capital accumulation, the formation of a new EAEU financial system based on the principles of capitalism and neoliberal values will lead to another crisis turn and increase inequality.

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Structural Effects of Eurasian Integration

Cited by 5 publications

References 6 publications

Integration of the EAEU Countries: Qualitative Changes

Integration of the EAEU Countries: Qualitative Changes

International Trade in the Post-Soviet Space: Trends, Threats, and Prospects for the Internal Trade within the Eurasian Economic Union

Study of the Financial Crisis in the Countries of the Eurasian Economic Union: Marxist Approach

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