A Eurasian or a European Future for Post-Soviet Georgia’s Economic Development: Which is Better?

Authors

  • Vladimer Papava Ivane Javakhishvili Tbilisi State University

DOI:

https://doi.org/10.14738/abr.51.2651

Abstract

The paper analyze the economic models of the well-known Eurasianist doctrine of Russian imperial thinking and the Eurasian Economic Union (EAEU). In the modern era of globalization, an alliance of countries on the basis of the Eurasianist economic model is impossible to establish. The newly established EAEU rests on a redistribution mechanism for oil and gas revenues, whereby Russia deliberately relinquishes a part of its due gains in favor of other member-states in order to not only induce economic interest to remain within the Union, but also to maintain and enhance its political influence via this economic output. Western economic sanctions imposed against Russia as a countermeasure to the invasion and annexation of Crimea and the military and political support provided to the breakaway regions of Eastern Ukraine, as well as the retaliatory anti-sanctions levied by Russia against the West, have demonstrated the fragility and instability of the EAEU. A comparison of the EU with the EAEU does not favor the later. 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 post-Soviet Georgia.

 

Keywords: Eurasian Economic Union, EU, Eurasianism, economic sanctions, post-Soviet Georgia 

Author Biography

Vladimer Papava, Ivane Javakhishvili Tbilisi State University

Dr. Vladimer Papava is a Professor of Economics at the Ivane Javakhishvili Tbilisi State University, a Chief Research Associate at the Paata Gugushvili Institute of Economics, Ivane Javakhishvili Tbilisi State University, and a Senior Fellow at the Rondeli Foundation—Georgian Foundation for Strategic and International Studies.  He was the Minister of Economy of the Republic of Georgia (1994-2000), a Member of Parliament of the Republic of Georgia (2004-2008) and a Rector of the Ivane Javakhishvili Tbilisi State University (2013-2016); in 2005-2006 he was a Fulbright Fellow at the Central Asia—Caucasus Institute, The Nitze School—SAIS, Johns Hopkins University (Washington, DC). He is the author more than 300 publications, including works on the theoretical and applied studies of post-Communist economies, macroeconomics and economic development, geopolitics and geoeconomics of Georgia, the Caucasus and Central Eurasia. Prof. Papava holds a Degree of the Candidate of Economic Sciences from Central Economic-Mathematical Institute of the Academy of Sciences of the USSR (1982, Moscow, Russia), a Degree of the Doctor of Economic Sciences from Leningrad State University (1990, Saint-Petersburg, Russia), and Tbilisi State University (1989, Tbilisi, Georgia).

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2017-01-26

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Papava, V. (2017). A Eurasian or a European Future for Post-Soviet Georgia’s Economic Development: Which is Better?. Archives of Business Research, 5(1), 159–170. https://doi.org/10.14738/abr.51.2651

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