Evaluation of the EAEU countries leadership in their multi-vector foreign policy context

DOI

10.2991/icsbal-19.2019.47How to use a DOI?

Keywords

Politics, foreign policy, leadership, post-Soviet space, integration, Eurasian Economic Union

Abstract

The article analyses the leadership of the countries that are part of the new integration Association in the post-Soviet space - the Eurasian economic Union (hereinafter - the Union). When constructing it, the initial theoretical and practical approaches that were used in the development of integration processes in the European Union (EU) were taken as a basis. The article uses a new approach to the study of economic integration, which is based on a vector approach. It allows to simulate the process of integration, defining the country as a leader of international relations, a variety of relationships with the environment is determined by its foreign policy (hereinafter – FP). At the same time, leadership in foreign economic relations requires spending additional energy from its internal resources, for the compensation of which external sources are necessary. The more diverse the vectors of leadership, the greater the range of foreign economic relations a leader requires. To this end, the directions, objects and principles of leadership used by the countries of the Union in their foreign economic policy and in a single market are investigated. In the article, a vector approach is used to assess mutual trade of the countries of the Union. It is shown that the implementation of the strategy of export leadership and interconnectedness of the member States of the Union creates opportunities for the annual expansion of mutual trade by 1,249 times from the initial level. And this, in turn, ensures the functioning of the single market of goods at the level of the minimum threshold of integration stability. The results can be used to analyse other integration associations, as well as to further strengthen the Union in the process of establishing mutually beneficial cooperation with other interested countries.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Valery Abramov
AU  - Leonid Zhigun
AU  - Nazar Grechkin
PY  - 2019/10
DA  - 2019/10
TI  - Evaluation of the EAEU countries leadership in their multi-vector foreign policy context
BT  - Proceedings of the 4th International Conference on Social, Business, and Academic Leadership (ICSBAL 2019)
PB  - Atlantis Press
SP  - 273
EP  - 278
SN  - 2352-5398
UR  - https://doi.org/10.2991/icsbal-19.2019.47
DO  - 10.2991/icsbal-19.2019.47
ID  - Abramov2019/10
ER  -