Eurasian integration, featuring Djoomart Otorbaev, Cyn-Young Park and Michael Schumann
2 October 2020, 10:00-10:45 CEST, online event
Within Eurasia, regional integration is a strategy that enhances the benefits of bilateral collaboration among its constituent states through market expansion, harmonisation of rules and regulations, intra-regional trade growth, efficiency savings, and enhanced factor productivity. The Eurasia Integration Index initiative aims to measure the connectivity level of economies of Eurasia. Within the scope of this initiative, five major elements of integration among the economies of Eurasia are examined. Those elements are institutional integration, social integration, trade and investment integration, monetary and macroeconomic integration, and finally infrastructure integration. These criteria will construct a composite integration index. During this session, DOC will present the achievements of the project alongside the integration index project by the Asian Development Bank ,which has the coverage for some of the Eurasian states. While the Eurasia Integration Index will depict an overall performance of these economies in the region, the Belt & Road Initiative (BRI) tries to analyse the interaction directions in the region while focusing on the Chinese economy. In brief, BRI is trying to integrate the Chinese economy into the neighbouring countries especially into Eurasian states. We will discuss if the two projects could be complementary.
Status: 19th September 2020
Former Prime Minister of Kyrgyzstan
Director of the Regional Cooperation and Integration Division in the Economics Research and Regional Cooperation Department of the Asian Development Bank (ADB).
Chairman of the Board of Directors at German Federal Association for Economic Development and Foreign Trade (BWA) e.V.