| Abstract: |
Economic integration is a process that aims to reduce barriers that exist in
economic, social, and cultural affairs between countries. Integration in its
current format has risen significantly since the 1980s, when several trade
agreements were made to facilitate collaboration between developed and
developing countries. However, there is a need to measure outcomes and
understand the phenomena of integration in various respects besides the
economic perspective. The idea of tighter economic integration in Eurasia is
gaining attraction, largely based on the experiences of other regional
economic integration projects, such as NAFTA, the EU, CEMAC, and ASEAN. The
economic integration of Eurasian states has been an issue for policymakers
over the last two decades. Efforts have been made to promote initiatives to
integrate these countries through creating a custom union and facilitating
labour and capital mobility, but so far there has not been any attempt to
coordinate the monetary policies. The region of Eurasia which is going to be
analysed in this project includes thirteen states: Armenia, Azerbaijan,
Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Mongolia, Russia,
Tajikistan, Turkmenistan, Ukraine, and Uzbekistan. Therefore this research is
trying to identify the level of integration among these economies. |