Eurasian Economic Union During the Pandemic: Integration Problems and Prospects

Abstract

The article aims to assess the results of the development of the Eurasian Economic Union, including in the context of the Covid-19 pandemic. The theoretical and methodological foundation of the study of integration is based on studying the activity of various regional associations from the viewpoint of the integration levels and ultimate goals. Depending on the set goals, it is possible to predict and strategically calculate the consequences and possible benefits of economic integration. Using statistical analysis tools, the authors analyzed the key economic indicators affecting the development of the EAEU. Official data of international structures (World Bank, U.N., EAEU), government agencies, various reports and reviews were also used in the work. The studied indicators are presented in the article in tables and graphs, created by the authors for the purpose of visualizing the relevant processes. Logical reasoning is used to describe the results obtained. The article assesses the consequences of the pandemic for global trade and analyzes further ways of developing the world political process. Today, many countries face similar problems due to the pandemic, and take unprecedented measures in order to address them. Most countries have restricted the export of essential goods, such as medical supplies and food. Global economic ties aimed at liberalizing trade have been called into question, since each state is forced to ensure its own national security in the face of the pandemic. In this respect, the question of strength and stability of the globalization processes are in a changing world? Certain event scenarios are considered in the conclusion of the article, one of which is a transition to a policy of protectionism and import substitution.