Analysis of Problems of Kazakhstan’s Economic Integration in the EAEU

  • Khalima N. MURSALOVA Department of Business and Management, Kazakh Humanitarian Law Innovative University, Semey, Kazakhstan
  • Bakytgul A. AINAKANOVA Department of Management, S. Seifullin Kazakh Agrotechnical University, Nur-Sultan, Kazakhstan
  • Aigul S. KAZKENOVA Department of Management, S. Seifullin Kazakh Agrotechnical University, Nur-Sultan, Kazakhstan
  • Nurgul ZHALELKANOVA Department of Public Finance, Pamukkale University, Denizli, Turkey
  • Ozay OZPENCE Department of Public Finance, Pamukkale University, Denizli, Turkey

Abstract

At the present stage, to ensure economic security at different levels (both national and regional), for economic growth and sustainable development, one of the important factors is integration processes. At present, integration unions, which include several member states, are acting quite effectively. One of such unions is the Eurasian Economic Union (EAEU), in comparison other integration unions such as the EU (European Union), the European Free Trade Association (EFTA) and some other, EAEU is quite young. However, this union of countries can be called one of the dynamically developing, and nevertheless, in the interaction within the union, a certain imbalance between the member states can be noted, which can be called a serious internal challenge for the EAEU. It is worth noting the economic context of the imbalances in the Union: there is no correlation in macroeconomic indicators (for the majority) between the countries – members of the Union. One of the leading participants in the Eurasian Economic Union, as well as one of the founders is Kazakhstan. It was with at the behest of Kazakhstan that the implementation of this union began. But, after 5.5 years of the functioning of this integration association, the effectiveness of this association gives rise to certain disputes, especially the effectiveness of the union, which calls into question the advisability of Kazakhstan in the composition of this union. The purpose of the article is to analyze the problems of economic integration of Kazakhstan in the Eurasian Economic Union and the possibility of solving them. In the framework of the study of the problem, a scientific approach was used using general scientific methods that were also special, in particular, systematization, theoretical generalization and the method of comparison with the use of statistical analysis. The study defines the concept of integration, reveals the understanding of economic integration from the perspective of different economic schools, using various approaches to understanding this category, defines forms of economic integration and factors defining the integration process, gives a brief disclosure of the essence of the Eurasian Economic Union. The participation of Kazakhstan in the EAEU relative to other participating countries is considered and the main problems are identified, some prospects for Kazakhstan’s participation in the EAEU are considered. The prospects for further research are due to further study of the EAEU problems with respect to the participating countries, for their subsequent study and search for solutions. The instrumental value of the material lies in the possibility of studying problematic issues for further sustainable and effective interaction.

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Published
2020-06-15
How to Cite
MURSALOVA, Khalima N. et al. Analysis of Problems of Kazakhstan’s Economic Integration in the EAEU. Journal of Advanced Research in Law and Economics, [S.l.], v. 11, n. 4, p. 1218-1232, june 2020. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/5316>. Date accessed: 09 aug. 2020. doi: https://doi.org/10.14505//jarle.v11.4(50).18.