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In the future, the Eurasian Economic Union can become one of the most important actors of the global economy, a regional and even a global leader, if the Union ensures positive economic and social effects for every participating country. The main challenge of the economic development of the EAEU is the development and diversification of national industries: three of the EAEU countries out of five almost completely depend on the export of resources (Russia and Kazakhstan - energy resources, Kyrgyzstan - precious metals). The other challenges for all participating countries are as follows: low competitiveness of production; inadequate development of the transport infrastructure for the current needs of integration; the lack of trade and investment cooperation between different countries; the lack of budget for the program of projects’ co-financing. The international experience proves that the higher the level of national economic development, the greater the share of high-tech industries in its economy, the more diversified its exports, and the greater opportunities the country has to maintain stable cooperation ties and division of labor with countries at different levels of industrial development. The successful realization of cooperation within the EAEU largely depends on the support of the population of participating countries. Despite the fact that according to sociological surveys the attitude of the population to the Eurasian Economic Union is rather positive there is a negative trend. The authors suggest the ways for the innovative modernization of the eco-nomies, which in turn will stimulate scientific-technological cooperation, enhance the level and quality of life, and contribute to the positive public perception of the integration, stability and viability of the EAEU and development of the Eurasian values’ system.

I V Andronova

Principal contact for editorial correspondence.
Peoples’ Friendship University of Russia (RUDN University) Miklukho-Maklaya St., 6, Moscow, Russia, 117198

I N Belova
Peoples’ Friendship University of Russia (RUDN University) Miklukho-Maklaya St., 6, Moscow, Russia, 117198

M V Ganeeva
Eurasian Economic Commission Letnikovskaya St., 2, 1-2, Moscow, Russia, 115114

Yu N Moseykin
Peoples’ Friendship University of Russia (RUDN University) Miklukho-Maklaya St., 6, Moscow, Russia, 117198

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Copyright (c) 2018 Andronova I.V., Belova I.N., Ganeeva M.V., Moseykin Y.N.

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