EAEU and Global Value Chains

DOI: 10.33917/es-5.171.2020.128-135

The article describes position of the EAEU countries in the international division of labour, compares them with other geographic regions. The author reveals the pros and cons of deeper integration into global value chains, and also suggests various policy options with regard to participation therein. The paper also describes the EAEU regional features, on the basis of which advantages and disadvantages of the region in relation to external economic agents are specified. Special focus is made on the protectionist trend, which has both internal and external (global) dimensions and hinders implementation of effective coordinated macroeconomic policy of the EAEU countries for achieving higher redistributions in global production chains.