In recent years we have witnessed new trends in regional integration across global markets. While aimed at enhanced economic growth and prosperity, there is a fear that regional integration could lead to increased protectionism. Can regional integration be a path towards a functioning, sustainable global economic system; and in particular how might the widening and deepening of the Common Economic Space (CES) and Russia’s accession to the WTO accelerate global integration? Is Europe and/or Asia the priority for deeper regional ties?
The problem is that in the financial sector, while markets are global, regulations are national.
The focus of Eurasian integration has become even more obvious and significant.
In my view, both deepening and expansion — that kind of integration — are the real route to the global economy.
In cooperation with VTB Capital