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The Eurasian Economic Union: An Analysis Through the Lens of Integration Theory

Chadwick Powell

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Published in The Eurasian Economic Union And Integration Theory

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The Eurasian Economic Union (EAEU) is a regional economic organization comprising Russia, Kazakhstan, Belarus, Armenia, and Kyrgyzstan. Established in 2015, the EAEU aims to promote economic integration and cooperation among its member states. This article provides an in-depth analysis of the EAEU through the lens of integration theory. It examines the EAEU's origins, evolution, institutions, and challenges, evaluating its progress and prospects from a theoretical perspective. The article concludes with a discussion of the EAEU's implications for regional and global integration.

The Eurasian Economic Union and Integration Theory

by Baby Professor

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Language	:	English
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Origins and Evolution of the EAEU

The EAEU has its roots in the post-Soviet integration processes that began in the early 1990s. Following the collapse of the Soviet Union, former Soviet republics sought to maintain economic ties and cooperation. In 1991, the Commonwealth of Independent States (CIS) was established, which provided a framework for economic and political cooperation among member states.

In 1995, the Customs Union of Belarus, Kazakhstan, and Russia was formed, which aimed to create a common customs space and eliminate tariffs and trade barriers within the union. In 2001, the Customs Union was expanded to include Armenia and Kyrgyzstan, and in 2010, it was transformed into the Eurasian Economic Community (EEC).

The EEC aimed to deepen economic integration among its member states, and in 2014, it was replaced by the EAEU, which established a single market and common economic space.

Institutions of the EAEU

The EAEU has a number of institutions that govern its operations. These institutions include:

* The Eurasian Economic Council: The highest decision-making body of the EAEU, consisting of the heads of state or government of member states. * The Eurasian Intergovernmental Council: The executive body of the EAEU, responsible for overseeing the implementation of the union's decisions and policies. * The Eurasian Economic Commission: The permanent body of the EAEU, responsible for developing and implementing the union's common policies and regulations. * The Court of the Eurasian Economic Union: The judicial body of the EAEU, responsible for resolving disputes between member states and interpreting the union's treaties and regulations.

Progress and Challenges of the EAEU

Since its establishment, the EAEU has made significant progress in promoting economic integration among its member states. The union has created a single market with free movement of goods, services, capital, and labor. It has also harmonized legislation in a number of areas, including customs, technical regulations, and intellectual property.

However, the EAEU has also faced a number of challenges. These challenges include:

* Economic disparities among member states: There are significant economic disparities among EAEU member states, which can make it difficult to implement common policies and regulations. * Political differences: Member states have different political systems and foreign policy orientations, which can sometimes lead to tensions within the union. * External pressures: The EAEU has faced pressure from external actors, such as the European Union and the United States, which have expressed concerns about the union's potential impact on regional security and stability.

Prospects of the EAEU

The prospects of the EAEU are mixed. On the one hand, the union has made significant progress in promoting economic integration among its member states, and it has the potential to become a major player in the global economy. On the other hand, the union faces a number of challenges, both internal and external, which could hinder its progress.

The future of the EAEU will depend on a number of factors, including the ability of member states to overcome their differences, the evolution of the global economy, and the policies of external actors.

Implications for Regional and Global Integration

The EAEU has implications for both regional and global integration. Regionally, the EAEU has the potential to promote economic growth and stability in the post-Soviet space. It could also serve as a bridge between Europe and Asia, connecting the economies of the two continents.

Globally, the EAEU could become a major player in the world economy. It has a combined population of over 180 million people and a GDP of over $5 trillion. If the EAEU is successful, it could contribute to global economic growth and stability.

The Eurasian Economic Union is a complex and evolving regional economic organization. It has made significant progress in promoting economic integration among its member states, but it also faces a number of challenges. The future of the EAEU will depend on a number of factors, including the ability of member states to overcome their differences, the evolution of the global economy, and the policies of external actors.

The Eurasian Economic Union and Integration Theory

by Baby Professor

5 out of 5