Comparative analysis of the integration groupings of the EU and the EAEU

Abstract

The scientific article is devoted to a comparative analysis of the effectiveness of integration associations of the European Union and the Eurasian Economic Union. The methodological basis of the research is an interdisciplinary approach, system analysis and comparative method. The purpose of the study is to identify the differences between the integration processes of the EU and the EAEU and compare their effectiveness. The author defines integration, examines in detail the features of integration processes in Europe and Eurasia, compares the economic indicators of selected integration associations. The study pays special attention to the historical prerequisites for the formation of the Eurasian Economic and European Unions, as well as the gradual construction of these integration groupings, taking into account the impact on modernity. The novelty of the research lies in the author's understanding of the effectiveness of integration processes in the EU and the EAEU based on the analysis of macroeconomic indicators, identifying the strengths and weaknesses of associations, their comparative analysis, as well as in developing proposals to eliminate the identified problems of Eurasian integration. The main conclusions of the study are: the EU remains an effective integration association, whose successful experience has become an example for the creation of the EAEU. However, now the EU has reached the ceiling of growth, which has not yet been broken. The effectiveness of the Eurasian integration processes remains low, and economic achievements should be expected from the EAEU, as a young structure, no earlier than in 10-20 years.