The Eurasian Economic Union and the main development trends of the integration megaprojects

M. D. Valovaya ()

International Trade and Trade Policy, issue 4

Abstract: Globalization and integration are the main trends of modern development of the world economy. And the formation of economic unions is an important part of this global process, which is covering all regions of the world. New centers of geopolitical and geo-economic global architecture have appeared. Vladimir Putin noted: «From such particular integration«building blocks» a more sustainable global economy can be developed». Activities in the framework of the integration mega-projects show that the development of cooperation and deepening of regional integration connections also contribute to important structural changes and crucial effects in the global economy, which set the pace and features of its transformation in the current environment. Integration processes in the Eurasian space are especially clear example of it. For centuries, the Eurasian idea was implemented in a variety of associations. The creation of the Eurasian economic Union brought the Eurasian integration project on a new level and opened broad prospects for economic development, has created additional competitive advantages in the global arena. This will allow our states to effectively fit into the modern global economy, reduce economic risks and take advantage of the international trading system.

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