Improving competitiveness in the member states of the Eurasian Economic Union: a blueprint for the next decade

The Eurasian Economic Union (EAEU) has made incredible strides in becoming an integrated body over the past 10 years, and is becoming part of a broader global process of economic regionalism that is shaping economic competitiveness. This paper applies a SWOT analysis to current and projected EAEU member states, and identifies where the difficulties and opportunities for the EAEU’s member countries will be in improving competitiveness in the coming years. The key conclusions are that the EAEU’s own institutional arrangements may foster competitiveness if it is able to remove some of the barriers to innovation that currently exist in the bloc’s member states.