Prospects for Development of the Eurasian Economic Union at the Modern Stage of Integration

Abstract

This article analyzes the current state of affairs of the Eurasian Economic Union.The EAEU is viewed as a form of integration determined by time and conditions, aimed at strengthening the regional development of the participating countries. The relevance of the article is due to the fact that in the modern world, regional integration of neighbors in economic, political and other aspects is necessary to maintain a high level of competitiveness in the international arena. The article examines the developing and already formed supranational institutions of the union.The article also examines the economic aspect that is the dynamics of changes in GDP and the growth rate of investments in fixed assets of the EAEU member states. Here are given assessments in the field of changes in these indicators.In the context of the prospects for the development of the EAEU,several options and types of regional integration were proposed. Or rather, the prospects for the development of the EAEU were outlined through strengthening the existing form of integration and through expanding integration by involving other countries of the Eurasian space in this process. The conclusion made through the analysis obtained in assessing the dynamics of economic indicators confirmed the need to deepen the further integration of the EAEU. In the process of analyzing, the following research methods were used: systems approach, structured approach, integration approach, normative approach.