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Macroeconomic Coordination in the Eurasian Economic Union: Strategic Aspects

https://doi.org/10.17589/2309-8678-2019-7-3-38-52

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Abstract

Coordinated macroeconomic policy is a special element within the integration process in addition to the four freedoms usual for economic integration: free movement of goods, free movement of services, free movement of labor, and free movement of capital. Macroeconomic coordination was, from the very beginning, a key idea behind each stage of the process of Eurasian economic integration. The politico-ideological foundation of the Eurasian idea is the facilitation of growth for Eurasian countries on the basis of economic pragmatism. The macroeconomic coordination process within the Eurasian Economic Union is based on the coordination of strategic planning systems in each Member State. Strategic planning plays an important role in macroeconomic coordination. Strategic planning documents have a sound legal basis in the Treaty establishing the Eurasian Economic Union. At the same time Eurasian integration provides a platform for best practice exchanges and coordination of strategic planning between the Member States.

About the Authors

Sergey Shokhin
MGIMO University
Russian Federation

Professor

76 Vernadskogo Av., Moscow, 119454



Ekaterina Kudryashova
Institute of Legislation and Comparative Law under the Government of the Russian Federation
Russian Federation

Associate Professor

34 B. Cheremushkinskaya st., Moscow, 117218



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For citation:


Shokhin S., Kudryashova E. Macroeconomic Coordination in the Eurasian Economic Union: Strategic Aspects. Russian Law Journal. 2019;7(3):38-52. https://doi.org/10.17589/2309-8678-2019-7-3-38-52

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ISSN 2309-8678 (Print)
ISSN 2312-3605 (Online)