Macroeconomic Coordination in the Eurasian Economic Union: Strategic Aspects

Abstract

Coordinated macroeconomic policy is a special element within the integration process in addition to the four freedoms usual for economic integration: free movement of goods, free movement of services, free movement of labor, and free movement of capital. Macroeconomic coordination was, from the very beginning, a key idea behind each stage of the process of Eurasian economic integration. The politico-ideological foundation of the Eurasian idea is the facilitation of growth for Eurasian countries on the basis of economic pragmatism. The macroeconomic coordination process within the Eurasian Economic Union is based on the coordination of strategic planning systems in each Member State. Strategic planning plays an important role in macroeconomic coordination. Strategic planning documents have a sound legal basis in the Treaty establishing the Eurasian Economic Union. At the same time Eurasian integration provides a platform for best practice exchanges and coordination of strategic planning between the Member States.

Tax Incentives Issue for Innovations in Sustainable Energy within the BRICS strategic partnership framework

“…The macroeconomic strategic coordination without dominance of any actor becoming popular basis for international alliances and associations between the counties [4]. After nearly ten years of successful development the BRICS achieved a sound position in the international order and this position was prepared by long history of political cooperation and the process of the multipolarization of the world [5].…”

Key Aspects of Cooperation Between the Orenburg Region and the Republic of Kazakhstan in the Sectors of Fuel and Energy Complex

“…And as a result, for a fairly short period of existence of this integration association, a large regional market was formed, which unites territories with a total area of more than 20 million square kilometers, and has a huge potential in the industrial, scientific and technical spheres. Recently, quite a lot of strategic documents on the development of the EAEU have been adopted, which, in the fair opinion of S. Shokhin, E. Kudryashova is a demonstration of the political readiness of member countries to cooperate [4].…”

Book review: Sergey O Shokhin and Ekaterina V Kudryashova, The Legal Framework for Strategic Planning in Contemporary Russia: Monograph

“…The book is a part of the authors’ research which consist of several publications in the international journals (Kudryashova, 2019; S.O. Shokhin & Kudryashova, 2020; S. Shokhin & Kudryashova, 2019; S.…”