Georgia's Choice: The European Union or the Eurasian Economic Union

GFSIS Expert Opinion, No. 57, 2016

16 Pages Posted: 27 Mar 2016

See all articles by Vladimer Papava

Vladimer Papava

Ivane Javakhishvili Tbilisi State University

Date Written: March 27, 2016

Abstract

The economic foundation of the Eurasianist doctrine is a "society with a market," and not "market economy." In the modern era, an alliance of countries on the basis of the Eurasianist economic model is close to impossible to establish. The EAEU rests on a redistribution mechanism for oil and gas revenues. The EAEU is far more corrupt than the EU, with underdeveloped market institutions, and an unequivocal delay in technological development. Although attaining membership of the EAEU is much easier than that of the EU, the negative aspects described above ensure that this option holds no appeal for Georgia.

Keywords: Georgia, Eurasianist economic model, European Union, Eurasian Economic Union

JEL Classification: F15, O57, P52

Suggested Citation

Papava, Vladimer, Georgia's Choice: The European Union or the Eurasian Economic Union (March 27, 2016). GFSIS Expert Opinion, No. 57, 2016. Available at SSRN: https://ssrn.com/abstract=2755217 or http://dx.doi.org/10.2139/ssrn.2755217

Vladimer Papava (Contact Author)

Ivane Javakhishvili Tbilisi State University ( email )

1, Ilia Tchavtchavadze avenue
Tbilisi, Tbilisi 0179
Georgia
+995 32 222-0241 (Phone)
+995 32 222-5107 (Fax)

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