Author page: Lidia Krasavina

Brexit Problem as a Component of the EU System Crisis: Analysis Based on Systemic Methodology in the Context of Reproduction Theory

DOI: 10.33917/es-3.169.2020.42-49

The article analyzes the Brexit problem, the solution of which has been delayed: four years passed from the referendum on Britain’s withdrawal from the European Union (February 16, 2016) till signing of the Brexit Act by Prime Minister Boris Johnson (January 31, 2020). The article’s novelty consists in assessing Brexit as a manifestation of the system crisis of the European Union (EU), officially recognized by the European authorities in 2015 due to violation of the development regularities of the European integration and the global crisis consequences. Based on systemic methodology in the aspect of reproduction theory, the internal and external causes of Brexit are analyzed. The author identifies a change in the US attitude to Brexit — from Barack Obama’s negative position to active support by Donald Trump in order to break down the European Union as a collective competitor composed of twenty-eight integrated countries. This is facilitated by the loss of economic sovereignty of the EU countries under US pressure. Possible British benefits and risks of losses as a result of exit from the EU are analyzed.

The Contours of Integration Development Strategy: from Eurasian Economic Union to Economic and Monetary Union with Common Currency in Terms of the Eurozone Experience

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The Contours of Integration Development Strategy: from Eurasian Economic Union to Economic and Monetary Union with Common Currency in Terms of the Eurozone Experience

The article substantiates the necessity of long-term forecasting of Eurasian integration development to its highest level. The basic conceptual principles of transition from the Eurasian Economic Union (EAEU) to the Economic and Monetary Union (EMU) with common currency based on the eurozone experience are formulated. The attention is focused on developing the theory of regional economic and monetary union as a modern alternative to the theory of optimal currency areas by R. Mundell. The article examines the stages of forming Eurasian Economic and Monetary Union with single regional currency in the context of the eurozone experience.