Ishkhanov A.V., Kolbeneva A.M. On Application of the Model of the Global Dimension of Regional Integration for Evaluating the Development of Eurasian Economic Union
http://dx.doi.org/10.15688/jvolsu3.2014.6.14
Ishkhanov Aleksandr Vladimirovich
Doctor of Economic Sciences, Professor,
Department of World Economy and Management,
Kuban State University
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Stavropolskaya St., 149, 350040 Krasnodar, Russian Federation
Kolbeneva Anna Mikhaylovna
Postgraduate Student, Department of Economics,
Southern Institute of Management
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Stavropolskaya St., 204, 350000 Krasnodar, Russian Federation
Abstract. The article addresses the need to study the integration processes of the Eurasian region in order to identify promising directions of its development. It is noted that most studies of this issue are dedicated to the economic aspect, but the analysis of the integration processes requires a comprehensive approach. The authors propose to use The Model of Global Dimension of Regional Integration (GDRI-Model) – the methodology which takes into account the most important aspects of integration. This model was developed by Malaysian Professor M. Estrada. The general objective of the GDRI-Model is to offer policy-makers and researchers a new analytical tool for studying the evolution and the stages of any regional integration process in a global perspective. The presented model is not a forecasting one, but its use is not limited to a certain group of countries and regions. The authors note that some model criteria are not acceptable for the evaluation of Eurasian integration because of the specific features of the region. The adaptation of the model is based on theoretical analysis allowing to reveal separate directions of integration and its factors. At the same time, the flexibility of the proposed model makes it possible to adapt it to the conditions of the Eurasian Economic Union with the aim of its further application for the evaluation of integration development. It is concluded that the GDRI-Model is simple and universal, so it can act as a tool of Eurasian integration research to determine the stages of its development. After adaptation the presented model will also determine the feasibility of further convergence of national systems of economic union and the possibility of transition to monetary integration.
Key words: Eurasian Economic Union, development indices, regional integration, Estrada’s model, dimension of integration.
On Application of the Model of the Global Dimension of Regional Integration for Evaluating the Development of Eurasian Economic Union by Ishkhanov A.V., Kolbeneva A.M. is licensed under a Creative Commons Attribution 4.0 International License.
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