By Evgeny Vinokurov (editor)

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Additional info for EDB Eurasian Integration Yearbook, 2008: an annual publication of the Eurasian Development Bank

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Modern objective factors (for instance, economic development models) may have developed as a result of subjective decisions and, conversely, objective trends create subjective influences. Nevertheless, in the context of this study, the most important subjective factors discussed are the lack of an effective means of coordinating interests and implementing decisions and differences in EurAsEC member countries’ capacities to create a customs union. 1) The lack of an effective means of coordinating interests and implementing decisions.

Certain caveats must be mentioned. Firstly, our analysis has several technical limitations. , we violated the basic principle of econometrics – analysis based on the assumption that “all other conditions are equal”). The small sample size precluded the execution of a more precise study. Moreover, the cause and effect relationship is hard to discern: integration can be a factor that helps change GDP or 34 Eurasian Development Bank Aleksandr Libman “The Sustainability of Regional Integration Projects in the Post-Soviet Space” Institutional Integration the quality of governance (the problem of endogeneity).

Ekonomicheskoye Obozreniye EEP, No. 2. 19 Eurasian Development Bank 27 EDB Eurasian Integration Yearbook 2008 Institutional Integration Assessing the Sustainable Size of Integration Projects in the Post-Soviet Space Integration in the Form of International Union20 Let us begin by defining the optimal size of regional integration projects in the post-Soviet space where this concerns integration by international union. From the theoretical discussion above we conclude that improvements in the quality of governance within an integration grouping should encourage its growth by improving national aptitudes for coping with diversity.

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