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Eurasian integration: some results and possible development scenarios

Author

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  • Leonid Borisovich Vardomsky

    (Institute of Economics of the Russian Academy of Sciences, Russia, Moscow)

Abstract

In the article, with a view to assessing the Eurasian integration process the concept of “economic connectedness” is used. The concept is understood as the level of interaction between the economies of integrating countries, in institutional, trade, economic and social aspects. It is noted that unsustainable trends in mutual trade over 2009-2018 were partly compensated by the creation of the common labour market and the development of transcontinental transit. Mutual trade in services has increased its role in the countries’ connectedness. With the connectedness changes the development scenarios for the Eurasian integration process as an important link in the economic cooperation in Greater Eurasia up to 2025 are assessed.

Suggested Citation

  • Leonid Borisovich Vardomsky, 2019. "Eurasian integration: some results and possible development scenarios," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 4, pages 110-126, April.
    • Handle: RePEc:alq:rufejo:rfej_2019_04_110-126
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