The Impact of the Unification of the Policies of the EAEU Countries and Their Allies on Long-Term Socio-Economic Processes within the Eurasian Union

Abstract

In the context of the development of a new round of the global economic crisis, the growth of regional and global instability, the factor of importance of improving the tools for the integration development of the Eurasian Economic Union is extremely acute. Strategic planning is one of the most important mechanisms for improving integration processes. It is the long-term development documents that are able to foresee and successfully coordinate the problems of wealth inequality, the quality of living standards, the access of various social strata of society to financial services, etc. However, such program documents are doomed to failure without the presence of reasonable priorities, focused mainly on the implementation of structural changes in the economies of the EAEU and its potential new members, as well as today’s observers of the Eurasian Economic Union.Aim. The purpose of the study is to analyze the current state of long-term socio-economic planning and forecasting within the boundaries of the EAEU. A mechanism of “transinstitutional cooperation” is proposed, focused on strengthening integration ties through institutional transformations. The macro-regional approach is considered as an effective model of cooperation between states within the framework of various socio-economic tools.Task. Thus, the objectives of the study were: to demonstrate the tools for the development of “transinstitutional interaction” within the boundaries of the Eurasian Economic Union, to give examples of such cooperation based on the possible cooperation of the EAEU countries with potential members of the union (Uzbekistan), as well as to analyze the legislative framework and the accumulated experience of “strategizing” in borders of the Eurasian economic integration.Methods. The research methods are comparative analysis when comparing the standard and interregional approaches of “transinstitutional interaction” for the development of the EAEU states, the method of expert assessments — when developing recommendations for improving the mechanisms of strategic planning in the Russian Federation, methods of structural and logical analysis — when determining the priority tools in the development of the Russian Federation and the Republic of Uzbekistan.Results. As a result, the main challenges of the EAEU in terms of improving the strategic planning tool were identified. A mechanism of “transinstitutional cooperation” is proposed, focused on strengthening integration ties through institutional transformations. The macro-regional approach is considered as an effective model of cooperation between states within the framework of various socio-economic tools. The prospects for integration ties between the EAEU countries and the Republic of Uzbekistan are analyzed in order to analyze the possibilities of unifying strategic planning mechanisms within the framework of “transinstitutional cooperation”. Recommendations are given for improving the strategic planning of the Russian Federation as a locomotive state in the development of strategic planning in the EAEU.Conclusion. As the data presented in the paper show, the member states of the EAEU+ (Eurasian integration countries + observer countries + potential members of the union — Uzbekistan) face similar problems with regard to the strategic development of their territories. The “transinstitutional approach” presented by the authors will allow the members of the Eurasian Economic Union to unite in solving socio-economic challenges, to systematize efforts towards improving the mechanisms of socioeconomic development, significantly saving on the “scale effect” in the search for new socio-economic tools, testing its effectiveness and process control of achieved indicators.

Keywords

• eaeu
• strategic planning
• macro-region
• eurasian union
• strategy
• socioeconomic development
• long-term planning
• sng