Models of Russia's Participation in Regional Economic Integration

The article analyses models and mechanisms of Russia's participation in integration processes in Post-Soviet space in recent years. The article examines the model of integration of Customs Union Common Economic Space Eurasian Economic Union and particular mechanisms of its realization. It also...

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Main Author: D. I. Ushkalova
Format: Article
Language:English
Published: MGIMO University Press 2014-08-01
Series:Vestnik MGIMO-Universiteta
Subjects:
Online Access:https://www.vestnik.mgimo.ru/jour/article/view/170
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author D. I. Ushkalova
author_facet D. I. Ushkalova
author_sort D. I. Ushkalova
collection DOAJ
description The article analyses models and mechanisms of Russia's participation in integration processes in Post-Soviet space in recent years. The article examines the model of integration of Customs Union Common Economic Space Eurasian Economic Union and particular mechanisms of its realization. It also examines key challenges to further development of integration in the frameworks of Eurasian Economic Union including exhausting of short-term and medium-term integration effects against a background of low level of economic cooperation and the lack of effective mechanism of interest coordination and decisionmaking similar to qualified majority. It concludes that deterioration of mutual trade dynamics in Customs Union is determined by fundamental factors, first of all, exhausting of medium-term integration effects which lead to extension of mutual trade immediately after Customs Union creation but do not change its qualitative characteristics in long-term outlook. The author shows an absence of significant long-term integration effects which were based on increase of domestic market capacity due to a modification of economic structure. It is founded that appearance of such long-term integration effects is possible only in the context of coalescence of national economies at the microlevel based on development of system of communications between enterprises including intrasectoral industrial cooperation. The article also analyses results of realization of Russia's strategy of interaction with states beyond Eurasian Economic Union based on open regionalism concept. The paper presents recommendation on perfection of tools of integration in and outside Eurasian Economic Union. In particular, creation of system of decentralized organizations is proposed, for the implementation of specific cooperation projects in selected areas, taking into account the multiplier effect of such a "point-aimed" action/
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spelling doaj-art-0e610e3c76ce421aa7cf5b89bb17538e2025-01-30T12:16:10ZengMGIMO University PressVestnik MGIMO-Universiteta2071-81602541-90992014-08-0104(37)13914710.24833/2071-8160-2014-4-37-139-147170Models of Russia's Participation in Regional Economic IntegrationD. I. Ushkalova0Institute of Economics, Russian Academy of SciencesThe article analyses models and mechanisms of Russia's participation in integration processes in Post-Soviet space in recent years. The article examines the model of integration of Customs Union Common Economic Space Eurasian Economic Union and particular mechanisms of its realization. It also examines key challenges to further development of integration in the frameworks of Eurasian Economic Union including exhausting of short-term and medium-term integration effects against a background of low level of economic cooperation and the lack of effective mechanism of interest coordination and decisionmaking similar to qualified majority. It concludes that deterioration of mutual trade dynamics in Customs Union is determined by fundamental factors, first of all, exhausting of medium-term integration effects which lead to extension of mutual trade immediately after Customs Union creation but do not change its qualitative characteristics in long-term outlook. The author shows an absence of significant long-term integration effects which were based on increase of domestic market capacity due to a modification of economic structure. It is founded that appearance of such long-term integration effects is possible only in the context of coalescence of national economies at the microlevel based on development of system of communications between enterprises including intrasectoral industrial cooperation. The article also analyses results of realization of Russia's strategy of interaction with states beyond Eurasian Economic Union based on open regionalism concept. The paper presents recommendation on perfection of tools of integration in and outside Eurasian Economic Union. In particular, creation of system of decentralized organizations is proposed, for the implementation of specific cooperation projects in selected areas, taking into account the multiplier effect of such a "point-aimed" action/https://www.vestnik.mgimo.ru/jour/article/view/170eurasian economic unioncustoms union and common economic space of russiabelarus and kazakhstanregional economic integrationpost-soviet space
spellingShingle D. I. Ushkalova
Models of Russia's Participation in Regional Economic Integration
Vestnik MGIMO-Universiteta
eurasian economic union
customs union and common economic space of russia
belarus and kazakhstan
regional economic integration
post-soviet space
title Models of Russia's Participation in Regional Economic Integration
title_full Models of Russia's Participation in Regional Economic Integration
title_fullStr Models of Russia's Participation in Regional Economic Integration
title_full_unstemmed Models of Russia's Participation in Regional Economic Integration
title_short Models of Russia's Participation in Regional Economic Integration
title_sort models of russia s participation in regional economic integration
topic eurasian economic union
customs union and common economic space of russia
belarus and kazakhstan
regional economic integration
post-soviet space
url https://www.vestnik.mgimo.ru/jour/article/view/170
work_keys_str_mv AT diushkalova modelsofrussiasparticipationinregionaleconomicintegration