The Eurasian Economic Union: Realities and Challenges

2015

Full text Open access: Gold Metadata (CSL-JSON)
DOI 10.5901/mjss.2015.v6n4s3p664
Data confidence 70 medium
How this score is calculated

It is built from checkable properties of the record itself: whether the article has a DOI, how many independent sources confirmed its data, whether the required fields are filled in, and how recent the latest confirmation is. Disagreement between sources and a missing identifier lower it. A value of 80 or above means the record was published without further checking; 60 to 79 means it is published at reduced confidence, with a manual check advisable. A record verified by an editor by hand is never pushed below 90 by a recalculation. This scores our data about the article, not the article itself.

Abstract

Realities and current problems of the Eurasian Economic Union. In this article the authors examine the impact of integration processes on the competitiveness of national economies of the participating countries of the Eurasian Economic Union (EAEC). Any integration, including integration within the EAEC affects the economy of participants in two ways: on the one hand favorably promotes multilateral mutually beneficial business contacts, and on the other hand, feels the strength, competing with each other, the individual national economies. The authors comprehensively investigated the current situation and problems of the EAEC with the use of different methods of political analysis (comparative and system analysis, content analysis, event analysis, SWOT-analysis, and others.). In a sufficiently sharp polemical form, based on credible evidence materials, the article shows not only the integration of interaction, but also features of competition within the EAEC, the causes of conflict, as well as the consequences that resulted in the devaluation of the ruble and the dumping prices in Russia, which in turn all have a negative impact on the competitiveness of the economies of Kazakhstan and Belarus. DOI: 10.5901/mjss.2015.v6n4s3p664