On 1st of January, 2012, the Customs Union of the Belarus, Kazakhstan, along with Russia took a huge stride in the regional amalgamation by opposing all the obstructions to trade, capital, and labor movements amongst the three countries. Policymakers have signaled that this landmark step is simply a way station en route to a comprehensive 'Eurasian Union' by 2015.
Yet, is this idea of greater integration a good one, and if so, what shape should the integration take?This informative article scrutinizes the opportunities and hurdles for both the deeper (i.e., more intensive) and more widespread (i.e., more inclusive) amalgamation in the Eurasian space and concludes that larger integration will work for all, if only it is predicated on nurturing the trade liberalization that was missing from the area. Also, including Ukraine is not mandatory for the integration to succeed, but Central Asian nations ought to be motivated to ensue the example of a liberalized Eurasian Union. Performing as the European Union did in the postwar era, the Eurasian Union could help member countries take the liberalizing steps they could not take independently.
PUBLICATION DATE: July 15, 2013 PRODUCT #: BH539-HCB-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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