After the collapse of the Soviet Union, the post-Soviet area moved from the periphery of the world economy into a new centre of political and economic influence. Today, the concept of pragmatic (economic) Eurasianism by N.Nazarbayev plays a paramount role in the development of integration processes in Eurasia. One of the newest initiatives of Eurasian integration is the Eurasian Economic Union (EAEU), which functions today in a five-side format, comprising Russia, Belarus, Kazakhstan, Kyrgyzstan, and Armenia. However, conflict of interests, differential economic development among member states, and institutional problems often complicate the various processes of integration. On the other hand, with measures like harmonizing of national legislations, improved communication between countries at all levels, unification of trade policies, and enhanced control over domestic market in place, the EAEU countries also represent the newest competitive players in the world arena.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.