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Questions and Situations on the Conjugation of the Eurasian Economic Union and the “Belt and Road” Initiative between China and Russia

Abstract

Implementation and “interconnection” of large-scale supranational projects, such as the EEU and the BRI, require constant analysis of external and internal factors determining its development, immediate reaction and decisionmaking by the most active and large member countries participating in these initiatives — by Russia and China. This paper continues the research series being made by Russian-Chinese team under the guidance of the Counselor to the Russian President, academician of RAS Dr. Glaziev and Executive Dean of Chongyang Institute for Financial Studies at Renmin University of China, Professor Wang Wen. The paper’s purpose is promotion and practical assistance to conjugation between the EEU and the BRI. The methodology having been used in the research combines a wide range of methods: from general scientifi c ones, including a systematic approach to the investigation of conjugation processes, statistical and comparative analyses of the national economies’ achievements, etc., to specialized technique, such as modern tools of scientifi c diplomacy. We made assessment of the current state and identifi cation of key risks and problems of conjugation between the EEU and the BRI, offered recommendations for improving its effi ciency as well as raising quantitative and qualitative indicators of inter-countries interaction. Joint efforts of both sides formed authors’ Glossary which contains the basic terms, eliminating incorrect or false interpretation and deepening understanding of conjugation processes in the space of Eurasia. We reached a conclusion that despite the achievements in political collaboration of the countries, fi nancial and economic cooperation within the EEU and the BRI remains a sector with the greatest potential for development not only because of the bottlenecks’ availability, but also thanks to the opportunities being opened with transition to a new technological and world economic mode. Particular attention is paid to the development of conjugation strategy and joint creation of new world orderon the basis of broad Eurasian integration. The text of the article is presented in a technical translation on the original Russian Chinese report in English.

About the Authors

Sergey Yu. Glaziev
Russian Academy of Sciences (RAS), Administration of the President of the Russian Federation
Russian Federation
Academician of Russian Academy of Sciences (RAS), Chairman of RAS Scientific Council, Counselor to the President of the Russian Federation, Doctor of Science (Economics), Professor


Violetta V. Arkhipova
Institute of Economics RAS
Russian Federation

Senior Researcher 

PhD in Economics



Alexander I. Ageev
Institute of Economic Strategies RAS
Russian Federation

Director General

Doctor of Science (Economics), Professor



Mikhail V. Ershov
Institute for Energy and Finance, Financial University under the Government of the Russian Federation
Russian Federation

Director of Financial Research

Professor

Doctor of Science (Economics), Professor



Dmitriy A. Mitjajev
International Institute of P. Sorokin — N. Kondratiev
Russian Federation

Executive Director 

PhD in Economics



Alexander A. Nagorny
Political Experts and Consultants Association, Newspaper “Tomorrow”, Izborsky Club
Russian Federation

Vice-President

Deputy Editor-in-Chief

Deputy Chairman

 



Wang Wen
Chongyang Institute for Financial Studies, Renmin University of China (RDCY), Silk Road School
China

Executive Dean

Deputy Dean 



Yang Qingqing
Chongyang Institute for Financial Studies, Renmin University of China (RDCY)
China
Assistant Deans


John Ross
Chongyang Institute for Financial Studies, Renmin University of China (RDCY), Administration of the Department of Economic and Business Policy
China

Senior Fellow

Former Director (London)



Guan Zhaoyu
Chongyang Institute for Financial Studies, Renmin University of China (RDCY)
China

Associate Research Fellow, International Studies Department

Department of International Studies



Zhang Tingting
Chongyang Institute for Financial Studies, Renmin University of China (RDCY)
China

Research Assistant, International Studies Department

Department of International Studies



Review

For citations:


Glaziev S.Yu., Arkhipova V.V., Ageev A.I., Ershov M.V., Mitjajev D.A., Nagorny A.A., Wen W., Qingqing Ya., Ross J., Zhaoyu G., Tingting Zh. Questions and Situations on the Conjugation of the Eurasian Economic Union and the “Belt and Road” Initiative between China and Russia. EURASIAN INTEGRATION: economics, law, politics. 2019;(3):13-30. (In Russ.)

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ISSN 2073-2929 (Print)