Contemporary Regionalism

394
DOI: 10.20542/0131-2227-2011-1-3-15

A. Spartak, All-Russia Market Research Institute, 4, Pudovkina Str., Moscow, 119285, Russian Federation (spartak@vniki.msk.ru)

Abstract. The new trends in the field of regional economic integration, as well as the changing trade and the political configuration of the global economy cannot but affect integration processes within the Commonwealth of Independent States (CIS). Russia seems to be somewhat late with the project of a “hard” regional integration involving supranational control formats. The globalization dictates economic feasibility of an open trade and this is increasingly becoming a significant centrifugal factor. Our main task now is to complete as soon as possible the institutional phase of the Customs Union and the Common Economic Space between Russia, Belarus and Kazakhstan. Only after accomplishment of this integration project we can start to position it as a full-fledged subject of the world trade policy. Simultaneously, we must emphasize our interest in expanding and deepening the cooperation with the third countries and their groupings, including the RTS format. The same consideration prompts us to be extremely careful and reserved concerning the prospects of enlarging the Customs Union. The only possible Commonwealth-wide integration project format can be “soft” integration. This supposes the establishment of a multilateral free trade area (MFTA) with the elements contained within the modern economic integration agreements.

Keywords: globalization, regional economic integration, regional trade agreements, multilateral trade system, WTO/GATT, APEC, Commonwealth of Independent States, Russia, Customs Union


Registered in System SCIENCE INDEX

For citation:
Spartak A. Contemporary Regionalism. World Eсonomy and International Relations, 2011, no. 1, pp. 3-15. https://doi.org/10.20542/0131-2227-2011-1-3-15



Comments (0)

No comments

Add comment







Indexed

 

 

 

 

Dear authors! Please note that in the VAK List of peer-reviewed scientific journals, in which the main scientific results of dissertations for the degree of candidate and doctor of sciences should be published for the “MEMO Journal” the following specialties are recorded:
economic sciences:
5.2.5. World Economy.
5.2.1. Economic Theory
5.2.3. Regional and Branch Economics
political sciences:
5.5.4. International Relations
5.5.1. History and Theory of Politics
5.5.2. Political Institutions, Processes, Technologies

 

Current Issue
2024, vol. 68, No. 3
Topical Themes of the Issue:
  • Bretton Woods 2.0: Towards a New Global Financial Architecture
  • Transformation of the EU Political Party System on the Eve of the 2024 European Election
  • South Asia in Regional and World Politics
Submit an Article
INVITATION FOR PUBLICATION
The Editorial Board invites authors to write analytical articles on the following topics:
  • changes in the processes of globalization in modern conditions
  • formation of the new world order
  • shifts in civilization at the stage of transition to a digital society

The editors are also interested in publishing synthesis articles / scientific reviews revealing the main trends in the development of certain regions of the world - Latin America, Africa, South Asia, etc.