The global crisis and its impact on the Eurasian Economic Union. (15th June 2016)

• Record Type: Journal Article
• Authors: Dzarasov, Ruslan
• Is Part Of: European politics and society. Volume 17(2016)Supplement 1
• Page Start: 23
• Page End: 34
• Publication Date: 2016-06-15
• Subjects: World-system analysis -- the world economic crisis -- Eurasian integration -- neoliberalism -- the New Great Game; Europe -- Politics and government -- Periodicals; Europe -- History -- Periodicals; Europe -- Social conditions -- Periodicals; 320.9405
• DOI: 10.1080/23745118.2016.1171272
• Languages: English
• ISSNs: 2374-5118

Abstract

ABSTRACT: The present chapter is focused on the impact of the global crisis on the process of Eurasian integration. Its main idea is that the Eurasian integration is the response of the former Soviet societies to the crisis of the current capitalist world-system. The paper defines the nature of the current world-system as based on global 'value chains'. The new Post-Soviet states are seen through the lens of the world-system approach, and treated as a form of peripheral or semi-peripheral societies. Their essence is understood as transferring a part of the incomes created by their populations to the core countries. Neoliberal ideology substantiates this. The world economic crisis revealed the vulnerability of such societies which are especially sensitive to global turbulence. The turmoil generated in Post-Soviet states by the world crisis demonstrated to the public and the elites of Post-Soviet states the failure of the neoliberal agenda. The Eurasian integration of Russia, Kazakhstan, and Belarus is their response to the global crisis of the current capitalist world-system.