Open AccessA new model of cooperation in Eurasia: EAEU and SCO in the framework of the Greater Eurasian Partnership
Author(s) -
Konstantin P. Kurylev,
Марина Лапенко
Publication year - 2021
Publication title -
l.n. gumilev atyndaġy euraziâ u̇lttyk̦ universitetìnìn̦ habaršysy. saâsi ġylymdar, ajmak̦tanu, šyġystanu, tùrkìtanu seriâsy
Language(s) - English
Resource type - Journals
eISSN - 2617-605X
pISSN - 2616-6887
DOI - 10.32523/2616-6887/2021-135-2-95-106
Subject(s) - economic union , china , general partnership , globalization , redistribution (election) , world economy , international trade , economic integration , regional integration , economic geography , political science , regional science , geography , economics , politics , law
The modern world economic system is undergoing another period of transformation. Globalization and increasing interdependence, which were relevant at the beginning of the twenty-first century, have played a significant role. However, at this stage, the main trends of world economic development are: the process of rapid reformatting, if not the destruction of the system of global economic regulation, which is based on the mechanisms of the World Trade Organization formed over decades; increased competition between the world's leading centers of economic development, up to the trade wars between the United States and China; a radical shift in the center of economic activity towards developing countries and markets; a new trade and economic redistribution of the world on the basis of regional associations and preferential trade zones; the accelerated spread and economic impact of technology, especially the digitalization of the economy. In this regard, the analysis of the activities and prospects of development of regional associations in the Eurasian Space is of particular interest. The purpose of this Chapter is to identify trends in the development of the Eurasian Economic Union (EAEU) and the Shanghai Cooperation Organization (SCO), comparative analysis and identification of areas of mutual interest, consideration of mechanisms of interaction and intersection, forecast analysis of the expansion of areas of cooperation and achieving sustainable development of regional integration. The relevance of the study is determined by the need to understand the new regional agenda, as well as to develop new approaches to the development of cooperation within the framework of the "Greater Eurasian Partnership". As a result of the study, conclusions will be made about the prospects for the formation of a new model of cooperation in Greater Eurasia, its value and institutional content, the possibilities of achieving a new balance in the socioeconomic development of the countries of the region.