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Yarashevich, Viachaslau (2020): The Eurasian Economic Union as a regional development project: expectations and realities. In: Area Development and Policy, Vol. 6, No. 1: pp. 82-105
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Abstract

Originally proposed by the former president of Kazakhstan in 1995, Eurasian integration progressed into the Eurasian Economic Union (EAEU), which was launched in 2015. From an international development perspective, the EAEU can be seen as an attempt to boost the international competitiveness of its partners by reorienting them from currently prevailing yet inherently unstable resource-based economic models into more sustainable ones, based on domestic industries structured around common markets for goods, services, capital and labour. In reality, however, the project is yet to prove its viability and development potential, particularly vis-a-vis its powerful neighbours, China and the European Union.