Osadchaya G.I., Popova S.M., Shakhray S.M., Yanik A.A. Eurasian economic integration: target model, state, prospects. In: Pandemic challenges and strategic agenda for society and the state: socio-political situation and demographic situation in 2021: [monograph] ...

Abstract

The section in the monograph presents the results of a comparative analysis of the main characteristics of the EAEU target model and the current state of affairs. The differences between the strategic plan and the current state of the Eurasian integration model are shown. The factors influencing the slowdown in the progress of the Eurasian economic integration project towards its target model are highlighted, among which: (1) an insufficiently high level of trust between the participants; (2) the underdevelopment and formal nature of the mechanisms for coordinating interests, since the solution of strategic issues is entrusted only to the heads of state and government; (3) the continuing gap in the levels of development of national economies; (4) macroeconomic instability and volatility of national currency rates; (5) the lack of a unified effective system of mutual settlements; (6) the risks of reaching the political limits of economic integration. It is concluded that the economic and political spheres of integration, considered separately, objectively conflict with each other, giving rise to various crises. However, the fact that there are no ideal ways to resolve the conflict between economic and political interests is not only a challenge to the sustainability of integration entities, but also an incentive for the creative development of integration models.