European Union vs. Eurasian Union – a brief comparative analysis and perspectives for cooperation

Popescu Raluca Maria ()
Additional contact information
Popescu Raluca Maria: Bucharest University of Academic Studies, Bucharest, Romania

Proceedings of the International Conference on Business Excellence, 2021, vol. 15, issue 1, 1294-1304

Abstract: The Eurasian Economic Union (EEU) is considered to be the first successful regionalization attempt in the post-Soviet area. It is promoted as an economic organization whose aim is to remove trade barriers, promote integration, cooperation and economic growth in a fragmented and underdeveloped region. The promoters of this organization state that it can represent a platform for dialogue and even cooperation with the European Union, as well as with other international actors. The growing influence of the European Union in the post-Soviet space has been a critical factor in Russia’s determination to update its policy towards regional integration and from the very beginning, the European model was chosen to create the new Union. By doing a comparison between the two regional blocs, I will contribute to a growing literature on the relationship between the European Union and the Eurasian Economic Union, by emphasizing the similarities and differences as well as how the emerging regional competition will shape the future of European relations. In the first part of the article, I will briefly present the evolution of the integration process after the fall of the USSR, followed by a comparative analysis of the two regional integration projects, from a structural, political and economic point of view. I will conclude by analyzing the chances for any kind of breakthrough in political relations and economic cooperation between the two blocs. The article follows a qualitative and quantitative methodology and examines the possible implications of a competition between the European Union and Eurasian economic Union.

Keywords: European Union; Eurasian Economic Union; trade relations; regional integration; economic growth; competition (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/picbe-2021-0119 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:15:y:2021:i:1:p:1294-1304:n:19

DOI: 10.2478/picbe-2021-0119

Access Statistics for this article

Proceedings of the International Conference on Business Excellence is currently edited by Alina Mihaela Dima

More articles in Proceedings of the International Conference on Business Excellence from Sciendo
Bibliographic data for series maintained by Peter Golla ().