This document compares the competitiveness of the Eurasian Economic Union (EAEU) and BRICS integration groupings based on the number of states interested in joining. BRICS has over 10 candidate states that are sovereign and have strong economies, making it more attractive. In contrast, many of the states interested in joining EAEU have weaker economies or are non-recognized territories. While EAEU has trade agreements with 4 states and negotiations with 6, BRICS' larger GDP and quality candidates make it a more competitive integration grouping on the international stage according to this analysis.
This document compares the competitiveness of the Eurasian Economic Union (EAEU) and BRICS integration groupings based on the number of states interested in joining. BRICS has over 10 candidate states that are sovereign and have strong economies, making it more attractive. In contrast, many of the states interested in joining EAEU have weaker economies or are non-recognized territories. While EAEU has trade agreements with 4 states and negotiations with 6, BRICS' larger GDP and quality candidates make it a more competitive integration grouping on the international stage according to this analysis.
This document compares the competitiveness of the Eurasian Economic Union (EAEU) and BRICS integration groupings based on the number of states interested in joining. BRICS has over 10 candidate states that are sovereign and have strong economies, making it more attractive. In contrast, many of the states interested in joining EAEU have weaker economies or are non-recognized territories. While EAEU has trade agreements with 4 states and negotiations with 6, BRICS' larger GDP and quality candidates make it a more competitive integration grouping on the international stage according to this analysis.
Novosibirsk State University of Economics and Management, Novosibirsk,
Russia, e-mail: kulga01@mail.ru
Abstract. The current international environment is characterised by glo-
calisation processes that are driven by the competition of regional and inter- regional integration groupings for different political and economic benefits. This article compares the competitiveness of the EAEU and the BRICS on the basis of the number of states that are interested in cooperating and joining the integration community. On this basis, the BRICS is the most competitive. Key words: integration, glocalisation, competition of integration blocks, conflicts, EAEU, BRICS.
Modern political processes are becoming more extensive, and competition
plays a key role in these processes. Today, every region of the world has its own integration community, headed by an economic giant, or simply, the most stable country. The competition of regional integration groups is be- coming a result of glocalisation rather than globalisation. When the states of a region join a union while protecting their culture and national interest, a re- gional or interregional union is set up on the basis of the existing problems within it rather than the fact that there are any cultural similarities. The competitiveness of an integration groupe is an analogue of the macro level of competition, except that the subject of this competition is no longer a single national economy, but the synergy of the economies of all the coun- tries participating in the groupe [3]. As a result, a new level category is emerging, a kind of super-macro level: hyper-macro-competitiveness, in which the macro-level characteristics of in- dividual countries take on a kind of hybrid significance, and the national in- terests of individual countries are intertwined and transformed into the inter- ests of a regional or international alliance as a whole. Integration associations functioning in the modern world compete on the basis of different indicators, for example: the number of participants, or the number of those willing to join integration; the number and diversification of markets for products produced by integration participants; the number of agreements with states and state associations, organisations; the volume of investments from third countries, as well as the quality of the image, etc. Let take a more detailed look at competitiveness of integration associations in terms of the attractiveness of membership and the number of candidates for participation in integration on the example of two integration groups: EAEU and BRICS. BRICS is an international, interregional integration grouping of the world's four fastest-growing economies, established in 2006. Much has hap- pened in the 16 years of its existence: South Africa was joined in the Brazil- Russia-India-China format; observer states were created; many documents were signed; and a large number of forums and summits were held in various formats, including "BRICS+". However, the countries do not have a consoli- dated view of what the integration association should look like in the future. While there is no unified concept in terms of either the composition or the areas of integration, the idea of developing the grouping reflects a steady trend towards the consolidation of the Global South around the multilateral format of BRICS. A joint statement by foreign ministers on 20 May this year emphasized that BRICS aims to expand cooperation with other developing and emerging countries on the principles of inclusivity, equality and flexibil- ity.[1]. As the statistic shows, today more than 10 states are candidates to join BRICS+; some of them could theoretically expand the core of integration, but the participants of the integration association are still silent about the possi- bility of expanding the core [2]. It should be noted that the competitiveness of the bloc is determined primarily by the quality, rather than the quantity, of the states concerned. Among the candidates are the rapidly growing Asian Tiger - Indonesia, the oil-producing hub - Saudi Arabia, and the centre of the Tur- kic world - Turkey. Such states that have expressed a desire to join the inte- gration association characterize the BRICS as a competitive association, as the states that apply for membership are sovereign, recognized, and have a decent level of economy. Looking at the Eurasian Economic Union (EAEU), launched in 2015, it is worth noting that this union consists of five developing countries of the post- Soviet space, with Russia as the integration leader. There are as many coun- tries that would like to join this integration bloc as there are BRICS, but most of the applicant states are non-recognised territories, or states in economic decline. Another important aspect of an integration grouping's competitive- ness should be mentioned here - the number of interested states. To this day, free trade area agreements have been signed with four states, negotiations are underway with six states, and more than fifty states have expressed interest in cooperation [6]. However, these quantitative indicators are quite inferior to qualitative ones, as the same GDP indicator of the Eurasian Economic Union [5] is 11 times lower than that of the BRICS countries [4]. Competitiveness is an important aspect of the functioning of an integra- tion groupe. In comparing the two integration blocs many other factors af- fecting competitiveness need to be taken into account, but by analysing the most important element we can say that an interregional integration bloc such as BRICS is more competitive and attractive in the international arena.
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BRICS: The Emergence of a New World Order: A Deep Analysis of the Five Emerging Powers - Brazil, Russia, India, China, and South Africa - and Their Impact on the Global Future