Economic studies show that the EAEU members do not receive economic benefits from international integration due to many reasons, including the economic and political instability in member states that creates barriers for future prosperity of the EAEU. The analysis of the globalization’s indices dynamics (the KOF Index of Globalization, the DHL Global Connectedness Index (GCI)) as the indicators of countries’ engagement into global economic processes, shows the low level of regional economic integration and the mismatch of economic cycles and payment balance that impose serious constraints to their further development.
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The modern economics is not yet able to determine the full effect of the integration processes for member states. The emergence of new international economic integration organizations predetermines the need to rethink the patterns of developing the models of international integration processes, especially in the context of their influence on the economies of member states under the conditions of globalization.
Globalization brings new possibilities as well as new challenges for all actors of the world economy, while the developing supranational associations conduct a more sophisticated economic, social and structural policy, which allows both to offset the negative effects of globalization, and to improve the competitiveness of its members. The process of globalization has significant influence on the national economies.
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