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Eurasian Economic Union: Current state and preliminary results

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  • Vinokurov, Evgeny

Abstract

This paper assesses the current results of the establishment of the Eurasian Economic Union (EAEU). On the one hand, the EAEU has not been an impeccable “success story”. The EAEU's progress has slowed after initial rapid progress. On the other hand, it has achieved much. The EAEU is best viewed not as an exception to general rules of regional economic integration, but rather as a functioning customs union with its own successes and stumbling blocks, enriched by several additional quite developed areas of economic integration. This paper reviews the state of Eurasian institutions, the single market for goods and services, the state of mutual trade and investment flows among member states, ongoing work to eliminate non-tariff barriers, problems pertaining to the efficient coordination of macroeconomic policies, progress toward establishing an EAEU network of free trade areas, the state of the common labor market, and the dynamics of public opinion relative to Eurasian integration in the five member states.

Suggested Citation

  • Vinokurov, Evgeny, 2017. "Eurasian Economic Union: Current state and preliminary results," Russian Journal of Economics, Elsevier, vol. 3(1), pages 54-70.
    • Handle: RePEc:eee:rujoec:v:3:y:2017:i:1:p:54-70
    DOI: 10.1016/j.ruje.2017.02.004
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    References listed on IDEAS

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    1. Evgeny Vinokurov & Alexander Libman, 2014. "Do economic crises impede or advance regional economic integration in the post-Soviet space?," Post-Communist Economies, Taylor & Francis Journals, vol. 26(3), pages 341-358, September.
    2. Libman, Alexander & Vinokurov, Evgeny, 2012. "Holding-Together Regionalism: 20 Years of Post-Soviet Integration," MPRA Paper 61646, University Library of Munich, Germany.
    3. Vinokurov, Evgeny & Demidenko, Mikhail & Pelipas, Igor & Tochitskaya, Irina & Shymanovich, Gleb & Lipin, Andrey & Movchan, Veronika, 2015. "Estimating the Economic Effects of Reducing Non-Tariff Barriers in the EEU," MPRA Paper 68058, University Library of Munich, Germany.
    4. Vinokurov, Evgeny & Libman, Alexander, 2012. "Eurasian Integration: Challenges of Transcontinental Regionalism," MPRA Paper 61639, University Library of Munich, Germany.
    5. David G. Tarr, 2016. "The Eurasian Economic Union of Russia, Belarus, Kazakhstan, Armenia, and the Kyrgyz Republic: Can It Succeed Where Its Predecessor Failed?," Eastern European Economics, Taylor & Francis Journals, vol. 54(1), pages 1-22, January.
    6. A. Kuznetsov., 2014. "Russian Foreign Direct Investments as a Factor of Eurasian Integration," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 8.
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    More about this item

    Keywords

    F13; F15; F36; F45; F53; G38; Eurasian Economic Union; regional integration; customs union; common market; non-tariff barriers; free trade area; foreign direct investments;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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