Eurasian Economic Union’s Globalization as a Condition for International Industrial Cooperation Forming

  • Galina Ya. BELYAKOVA Department of Economics and Business Process Management, Institute of Business Processes and Economics, Siberian Federal University, Krasnoyarsk, Russian Federation
  • Sergey A. BELYAKOV Department of Economics and Business Process Management, Institute of Business Processes and Economics, Siberian Federal University, Krasnoyarsk, Russian Federation
  • Natalya V. POLEJAEVA Department of Customs Registration, Institute of Civil Aviation and Customs Registration, Reshetnev Siberian State University of Science and Technology, Krasnoyarsk, Russian Federation
  • Darya A. FOKINA Department of Customs Registration, Institute of Civil Aviation and Customs Registration, Reshetnev Siberian, State University of Science and Technology, Krasnoyarsk, Russian Federation
  • Liliya V. ERIGINA Engineering and Economics Institute, Reshetnev Siberian State University of Science and Technology, Krasnoyarsk, Russian Federation

Abstract

The international globalization process and development of industrial cooperation are concepts reviewed in this article to describe the most important feature of the modern world economy. In the non-favorable economic environment and increasing competition there are multiple examples creation of Economic Unions, practically everywhere in the world, which demonstrate that it is not an isolated event, but an actual global phenomenon. The domestic enterprises opportunities given by economic integration are growing, so it is require studying the means and ways for their utilization. The main goal in creating an Economic Union is the evolution of regional integration processes. The significance of the fourth stage in economic integration comprises Economic Unions on the modern world can hardly be overestimated. XXI century gave such a high incentive to the development of international integration – Economic unions have become the major players on the world economic scene. The research focused on processes of regional integration and its particular features in the frame of the Eurasian Economic Union formation and their impact on the development of international industrial cooperation in the Union.

References

[1] Abikenov, A., et al. 2019. The problems of effectiveness and implementation of the international legal norms of the states of the Eurasian Economic Union (EAEU). Bulletin of the Georgian National Academy of Sciences 13(1): 175-181.
[2] Balassa, B. 1961. The Theory of Economic Integration. Allew and Unwin.
[3] Batsaikhan, U., and Dabrowski, M. 2017. Central Asia – twenty-five years after the breakup of the USSR. Russian Journal of Economics 3: 296-320.
[4] Bokarev, D. 2018. Eurasian Economic Union: Steady Progress Towards Eurasian Integration Global Research. https://journal-neo.org/2018/06/18/eurasian-economic-union-steady-progress-towards-eurasian-integration/
[5] Burges, S. 2013. Economic integration. https://www.britannica.com/topic/economic-integration
[6] Dragneva, R., and Wolczuk, K. 2017. The Eurasian Economic Union: Deals, rules and the exercise of power. Research Paper Russia and Eurasia Programme https://www.chathamhouse.org/sites/files/chathamhouse/publications/research/2017-05-02-eurasian-economic-union-dragneva-wolczuk.pdf
[7] EAEU and ASEAN deepen trade, economic and investment cooperation. 2018. http://www.eurasiancommission.org/en/nae/news/Pages/14-11-2018-1.aspx
[8] Economic Unions Research Paper Starter. https://www.enotes.com/research-starters/economic-unions
[9] Eurasian Economic Integration: Facts and Figures Library of Eurasian Integration. 2016. http://www.eurasiancommission.org/ru/Documents/%D0%91%D1%80%D0 %BE%D1%88%D1%8E%D1%80%D0%B0%20%D0%A6%D0%B8%D1%84%D1%80%D1%8B%20%D0%B8%20%D1%84%D0%B0%D0%BA%D1%82%D1%8B%20%D0%B8%D1%82%20(%D0%90%D0%BD%D0%B3%D0%BB).pdf
[10] Eurasian Integration Yearbook, 2012. Annual publication of the Eurasian Development Bank https://eabr.org/upload/iblock/2c1/a_n5_2012_full_version.pdf
[11] Hill, L. 2004. Adam Smith, Adam Ferguson and the Division of Labor https://web.archive.org/web/20130728014052/ http://www.adelaide.edu.au/apsa/docs_papers/Others/Hill.pdf
[12] Ibrayeva, A., et al. 2018. Importance of the Caspian countries for the European Union energy security. International Journal of Energy Economics and Policy 8(3): 150-159.
[13] International Recommendations for the Index of Industrial Production. Department of Economic and Social Affairs Statistics Division United Nations. 2010. https://unstats.un.org/unsd/statcom/doc10/BG-IndustrialStats.pdf
[14] Kaldiyarov, A., Kaldiyarov, D.A., Nardin, D.S., Nardina, S.A. 2016. Process approach to managing real investment projects focused on import substitution of products. Journal of Applied Economic Sciences 11(7): 1368-1375.
[15] Kaldiyarov, D.A., et al. 2017. Cooperation of small forms of managing in agro-industrial sector in Kazakhstan. Espacios 38(62): 13.
[16] Kapitonov, I.A., Zhukovskaya, I.V., Khusaenov, R.R., Monakhov, V.A. 2018. Competitiveness and competitive advantages of enterprises in the energy sector. International Journal of Energy Economics and Policy 8(5): 300-305.
[17] Lavrov, S. 2017. Russia Backs Indonesia’s Interest in Creating Free Trade Zone with EAEU https://ria.ru/20170809/1500042636.html
[18] Lukiyanova, M.N., et al. 2018. Tax capacity as a financial mechanism for implementation of the strategy for municipal formation. Journal of Applied Economic Sciences 13(4): 906-922.
[19] Macekura, S., and Manela, E. (Eds.). 2018. Development in a Decolonizing World: Between Local and Global. In The Development Century: A Global History (Global and International History), Cambridge University Press
[20] Mukhamadiyeva, G.N., et al. 2017. Modernization of social security system legal regulation in Kazakhstan: Experience and standards of the OECD members implementation. Journal of Advanced Research in Law and Economics 8(8): 2498-2503.
[21] Negotiations on FTA Agreement between the EAEU and Singapore to end up in 2019, 2018. http://www.eurasiancommission.org/en/nae/news/Pages/15-11-2018-5.aspx
[22] Patriota, S.N., et al. 2016. Potential waste of agro-industrial in developing adsorbents of heavy metals. PeriodicoTcheQuimica 13(25): 42-51.
[23] Shtal, T.V., et al. Formalization of the enterprise international economic activity efficiency management. Utopia y Praxis Latinoamericana 23(82): 64-82.
[24] Smith, A. 2007. The Wealth of Nations. https://www.ibiblio.org/ml/libri/s/SmithA_WealthNations_p.pdf
[25] Spitsyn, A.T., and Kulubekova, G.A. 2016. Eurasian economic union and prospects of development of transnational corporations in the frame of the globalization. Economy of Region 12(3): 695-702
[26] Szumanski, A. 1989. The industrial cooperation contract in East-West trade. Case Western Reserve Journal of International Law 21(1): 87-108.
[27] The Main Directions of Industrial Cooperation within the framework of the Eurasian Economic Union. 2015. http://www.eurasiancommission.org/ru/act/prom_i_agroprom/SiteAssets/%D0%B1%D1%80%D0%BE%D1%88%D1%8E%D1%80%D0%B0%20%D0%B0%D0%BD%D0%B3%D0%BB%20OK%20NEW.pdf
[28] Yedilkhan, D., Bektemyssova, G.U. 2016. Identifying similar business process models. Journal of Theoretical and Applied Information Technology 91(1): 152-157.
[29] Zhetpisbayev, B.A., et al. 2017. Legal support of the process of Kazakhstan accession to the OECD: Potential for improving quality of individual’s labour rights regulation. Journal of Advanced Research in Law and Economics 8(7): 2302-2307.
Published
2019-10-22
How to Cite
BELYAKOVA, Galina Ya. et al. Eurasian Economic Union’s Globalization as a Condition for International Industrial Cooperation Forming. Journal of Advanced Research in Law and Economics, [S.l.], v. 9, n. 6, p. 1903-1909, oct. 2019. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/3945>. Date accessed: 25 feb. 2024. doi: https://doi.org/10.14505//jarle.v9.6(36).04.