Conjugation of the Belt and Road Initiative and Eurasian Economic Union: Problems and Development Prospects

Elnur Mekhdiev, Irina Pashkovskaya, Elena Takmakova, Olga Smirnova, Khadiya Sadykova and Svetlana Poltorykhina
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Elnur Mekhdiev: Center for Analysis, Risk Management and Internal Control in Digital Space, Financial University under the Government of the Russian Federation, Moscow 125993, Russia
Irina Pashkovskaya: Euro-Atlantic Security Center, Moscow State Institute of International Relations (MGIMO), Moscow 119454, Russia
Elena Takmakova: Department of Innovation and Applied Economics, Orel State University, Orel 302026, Russia
Olga Smirnova: Department of Philosophy and Socio-Political Technologies, Gubkin Russian State University of Oil and Gas (National Research University), Moscow 119991, Russia
Khadiya Sadykova: Department of Economics and Production Management, Tyumen Industrial University, Tyumen 625000, Russia
Svetlana Poltorykhina: Department of Finance and Credit, Kazan Innovative University named after V.G.Timiryasov (IEML), Kazan 420111, Russia

Economies, 2019, vol. 7, issue 4, 1-15

Abstract: The study addresses the problems arising in association with the conjugation of the Eurasian Economic Union (EAEU) and the Belt and Road initiative. The hypothesis is that the conjugation is economically effective, and this is proven by the statistical analysis of trade and investment dynamics and buttressed by empirical observations. Based on this, the recommendations for the EAEU are given. The paper dismantles the problems arising in the sphere of security and peacekeeping and proposes a number of steps for ensuring peace and stable development in the region, implementing the Shanghai Cooperation Organization (SCO) mechanism. The article highlights the main plans of the China–EAEU partnership and puts forward alternative cooperation strategies for the People’s Republic of China (PRC). The authors develop the most attractive plan for the EAEU and propose the best strategy for its implementation.

Keywords: integration; Eurasian Economic Union; One Belt One Road (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jecomi:v:7:y:2019:i:4:p:118-:d:294652

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