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Common Market of Goods, Services, Capital, and Labor in the EAEU: Directions of Integration and Further Improvement
Abstract
The chapter examines the stages preceding creation of the common market of goods, services, capital, and labor within the EAEU, evaluates effects and proposes directions of improvement, considering the world experience. Attention is given not only to negative integration (elimination of barriers), but also to positive (signing of agreements, creation of institutions, mechanisms for cooperation, budget management and joint projects). The production cooperation, joint research, and digital economy are also considered. Based on the methodology of system analysis and integration design, the author identified problems of the EAEU common market and proposed aspects for improvement: deepening of negative integration and regulatory convergence; increasing positive integration; combination of integration with development; creation of the common system of protection; redistribution of benefits and costs; strengthening of supra-national regulation; improvement of statistics and monitoring; increasing of budget, stimulating innovations, structural changes, sustainable development and inclusive growth.
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