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Integration and harmonization of the EAEU markets

Abstract

The article proposes a classification of trends and challenges of economic development, which were taken into account in the development of the main directions of the development of the EAEU. The first group includes common challenges for all countries of the world, including the member states of the EAEU. The second group includes internal trends that are specific to the member states and the whole EAEU in general: international economic sanctions, devaluation of national currencies, changes in monetary policy, slowdown in economic development, business cycles, transit trends, technological factors. The third group includes integration trends associated with the task of implementing integration effects. The fourth group included challenges and trends of mutual influence, referred to as ‘‘infection by growth’’ and ‘‘infection by crisis’’. A comparative analysis of the competitiveness of the EAEU countries is also conducted, based on various rating assessments in order to determine the positions of the financial markets of these states according to the international rating agency. Among the most known of these ratings are the Global Competitiveness Index of the World Economic Forum, World Bank’s rate “Doing Business”, The Heritage Foundation’s Economic Freedom Index and The Wall Street Journal, the Operational Risk Rating of The Economist Intelligence Research Center Unit, the rating of the International Directory of Country Risk of the PRS Group, the economic transformation index of the Bertelsmann Stiftung Foundation, and others.

About the Authors

A. K. Saulembekova
Халықаралық бизнес университеті
Kazakhstan


B. . Kalimuratkyzy
Халықаралық бизнес университеті
Kazakhstan


References

1. The Global Competitiveness Report 2014-2015 // World Economic Forum. URL: http://reports.weforum.org/global-competitiveness-report-2014-2015/ (date of access: 28.04.2015).

2. Doing Business: оценка бизнес-регулирования // Группа Всемирного банка. URL: http://russian.doingbusiness.org (дата доступа: 28.04.2015).

3. 2015 Index of Economic Freedom // The Heritage Foundation & The Wall Street Journal. URL: http://www.heritage.org/index/ (date of access: 28.04.2015).

4. Risk Briefing: Monitoring Risk in 180 Markets // The Economist Intelligence Unit. URL: http://viewswire.eiu.com/index.asp?layout=homePubTypeRK (date of access: 28.04.2015).

5. International Country Risk Guide Tables // The PRS Group. URL: https://epub.prsgroup.com/icrg-tables (date of access: 28.04.2015).

6. Transformation Index BTI 2014 // Bertelsmann Stiftung. URL: http://www.bti-project.org/index/ (date of access: 28.04.2015).

7. Программа деятельности Правительства Республики Беларусь на 2011-2015 годы: утв. Постановлением Совета Министров Республики Беларусь 18 февраля 2011 г. № 216 // Справочно-правовая система «КонсультантПлюс». [Электронный ресурс] / Компания «КонсультантПлюс».


Review

For citations:


Saulembekova A.K., Kalimuratkyzy B. Integration and harmonization of the EAEU markets. Bulletin of "Turan" University. 2018;(1):205-209. (In Russ.)

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ISSN 1562-2959 (Print)
ISSN 2959-1236 (Online)