Eurasian Economic Union: Evolution, challenges and possible future directions

Journal of Eurasian Studies. 2018;9(2):163-172

 

Journal Homepage

Journal Title: Journal of Eurasian Studies

ISSN: 1879-3665 (Print); 1879-3673 (Online)

Publisher: SAGE Publishing

Society/Institution: Asia-Pacific Research Center

LCC Subject Category: Geography. Anthropology. Recreation: Geography (General) | Political science

Country of publisher: United Kingdom

Language of fulltext: English

Full-text formats available: PDF, HTML, ePUB

 

AUTHORS

Golam Mostafa (College of Security and Global Studies, American University in the Emirates, Dubai 503000, United Arab Emirates; Corresponding author. College of Security and Global Studies, American University in the Emirates, Dubai 503000, United Arab Emirates.)
Monowar Mahmood (Bang College of Business, KIMEP University, Almay 050010, Kazakhstan)

EDITORIAL INFORMATION

Double blind peer review

Editorial Board

Instructions for authors

Time From Submission to Publication: 8 weeks

 

Abstract | Full Text

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. Keywords: Kazakhstan, Russia, Eurasian Economic Union, regional integration, economic development, single economic space