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National Interests: Priorities and Security
 

Mutual complementarity of the EEU economies: Between the past and the future

Vol. 12, Iss. 11, NOVEMBER 2016

PDF  Article PDF Version

Received: 24 June 2016

Received in revised form: 26 July 2016

Accepted: 30 August 2016

Available online: 29 November 2016

Subject Heading: INTERNATIONAL ECONOMIC RELATIONS

JEL Classification: F02

Pages: 127-142

Zubenko V.V. Financial University under Government of Russian Federation, Moscow, Russian Federation
glorydent@yandex.ru

Avarskii S.A. Federal Treasury, Moscow, Russian Federation
shamwil@bk.ru

Importance Successful implementation of the EEU purposes and goals critically depends on mutual complementarity of the EEU economies. In this respect, the article analyzes the economy of the EEU in terms of mutual complementarity of the member economies.
Objectives The research evaluates the current state, potential and prospects of industrial cooperation as part of the Eurasian economic integration.
Methods The methodology rests on fundamental principles of regional economy, applied aspects of systems analysis theory and methodology, theory of management of economic systems, scientific researches into the generation of investment opportunities and innovative development.
Results We determined and substantiated possible areas for industrial cooperation and proposed an algorithm to assemble the industrial nucleus of the EEU by involving financial and technological resources of the SCO, BRICS, ASEAN member countries.
Conclusions and Relevance The article states and substantiates the EEU will remain a political union even if there is no common industrial policy throughout the entire area of the EEU, and zero growth in industrial cooperation. In the long run we propose and provide the rationale for the international reproduction pivot as part of the EEU by raising financial and technological resources for the SCO, BRICS and ASEAN member countries. We suggest considering whether it is possible to establish cross-regional and integrated economic partnership Trans-Eurasian Trade and Investment Partnership that would draw upon the EEU and Eastern and Southeast Asia (SCO, ASEAN) and BRICS.

Keywords: industrial cooperation, competitiveness, integration, EEU

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