TITLE:
Eurasian Economic Community: Towards Integration. Economic Challenges and Geostrategic Aspects
AUTHORS:
Georgios L. Vousinas
KEYWORDS:
Integration, Union, Economic Growth, Geostrategy, Financial Stability
JOURNAL NAME:
Modern Economy,
Vol.5 No.9,
August
7,
2014
ABSTRACT: The present study deals
with Eurasian Economic Community (EurAsEC), a relatively new entity that appeared
in the post-Soviet region, which tries to join the neighboring countries into a
strong and structured union. The paper presents the integration steps that have
been taken so far and examines the economic challenges faced as well as the geostrategic
aspects. A comparison with the benchmark of the surrounding area, the European Union,
is also undertaken in order to investigate both the similarities and differences
among them and show if they could co-exist in the years to come. The main purpose
of this study is to examine the reasons for the union’s formation, shed
light on its economic prospects and highlight the newly established geostrategic
conditions in such a crucial territory of the world.