Eurasian Economic Union

Evolution, challenges and possible future directions

Dados Bibliográficos

ID6154367
AutoresGolam Mostafa (0000-0002-4685-404X, American University in the Emirates, autor correspondente), Monowar Mahmood (0000-0002-4936-2526, KIMEP University)
Ano2018
Volume9
Fascículo2
Páginas163-172
Data de publicação2018-07-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoJournal of Eurasian Studies (JOURNAL)
Identificadores do periódicoISSN: 1879-3665 • E-ISSN: 1879-3673
EditoraSAGE Publishing (PUBLISHER • US)
DOI10.1016/j.euras.2018.05.001
OpenAlexW2884369379
IdiomaEN
Citações recebidas15
Referências citadas6

Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia formed the Eurasian Economic Union (EEU) with the aim of fostering closer economic cooperation among member states for the well-being of the people of the region. This paper critically analyses the history and evolution of the EEU as well as its success, challenges and prospects. Despite numerous attempts and initiatives, the EEU's actions have hardly achieved any significant success because most of its goals have either been declarative in nature or politically motivated and not taken seriously. Russian domination, influence, control and pressure may also be reasons for lack of progress and success. Long, bitter historical memories and distrust among the member states also made the integration process difficult. The article concludes that this latest attempt at integration in the former USSR region seems to be in trouble and may result in failure because of deteriorating economic conditions in Russia, the crisis facing the ruble, Russia's continuous conflict with Ukraine and distrust among the member states

Development economics · Distrust · Economic union · Economics · European union · International trade · Member states · Political economy · Political science · Politics · Sociology · Soviet union · Global Energy Security and Policy · Law · Russia and Soviet political economy