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THE ECONOMIC EFFICIENCY OF INTEGRATION PROCESSES ON THE EXAMPLE OF EURASIAN ECONOMIC UNION

O. Ergunova, V. Kovalev, A. Lebedev

Abstract

Modern economy is characterized by significant strengthening of integration processes caused by the deepening of relations between countries, international trade liberalization, scientific and technological progress, development of productive forces and the deepening of international labor division. This results in the formation of regional associations, which are evolving progressively into independent centers of the world economy. The article highlights various aspects of the integration processes in the common economic space effectiveness evaluation. It considers integration processes through the prism of international trade of member States of the Customs Union and the ?ommon economic space, both from a quantitative point of view (dynamics of trade transaction financial volume, the structure of trade exchange) and qualitative point of view (assessment of intra-industry trade). Special attention is paid to the study of the stages of economic integration and the development of the methodology of its economic efficiency evaluation. The authors developed criteria of integration economic efficiency may serve as a basis for evaluation of the prospects of the further development and implementation of the integration project.

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