Towards a Eurasian Economic Union: the challenge of integration and unity. CEPS Special Report No. 75/December 2012

Blockmans, Steven. and Kostanyan, Hrant. and Vorobiov, Ievgen (2012) Towards a Eurasian Economic Union: the challenge of integration and unity. CEPS Special Report No. 75/December 2012. UNSPECIFIED.

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Abstract

In the lead-up to the creation of a Eurasian Economic Union in 2015, the Customs Union and the Common Economic Space between Russia, Belarus and Kazakhstan represent two elements of the most ambitious regional integration project launched in the post-Soviet era since 1991. This CEPS Special Report examines both the potential and the limits of Eurasian economic integration. For the purpose of assessing the Eurasian integration process, CEPS applied a modified version of a framework first developed by Ernest B. Haas and Philippe C. Schmitter in 1964 to project whether economic integration of a group of countries automatically engenders political unity. Taking the data available for the early stages of the European integration process as a benchmark, the results for the Customs Union and the Common Economic Space point to a rather unfavourable outlook for Eurasian economic integration.

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