Paper/Speech Details of Conference Program for the 27th NISPAcee Annual Conference Program Overview WG4: Inter-regional Cooperation and Development Author(s) Alexey Yefremov The Russian Presidential Academy of National Economy and Public Administration Moscow Russian Federation Title Regulatory Competition in the Digital Economy of the Eurasian Economic Union File Paper files are available only for conference participants, please login first. Presenter Alexey Yefremov Abstract Digital transformation is becoming a mainstream of world economic development both at the national and international levels. The development of Eurasian economic integration makes it relevant to analyse both digital integration and regulatory competition of digital economies of the EAEU countries and the factors that affect these phenomena. It also prompts a deeper discussion on whether or not regulatory competition is necessary for international (and regional) integration, including in the digital sphere. The analysis demonstrates that regulatory competition is dialectically interrelated with the coordination (harmonization) of legal regulation at the supranational (international) level, and together, they provide both improved regulatory quality and economic integration. The economic and legal assessment of actual regulatory competition should be based on an analysis of the aggregate of factors and the law (tax law, corporate law, anti-monopoly law, telecommunication law, law on information technologies and cyberspace). But it is not enough to harmonize regulation of the EAEU’s bodies that have the greater significance for the development of regulatory competition within the framework of the EAEU, but rather the improvement of the quality of regulatory policy on digital economy at the international and national level. At the same time, the Eurasian Economic Commission can be a driver for such improvements. Based on the analysis, the new general algorithm of the consistent (cyclical) development of integration (harmonization) regulation and regulatory competition in digital economy of the EAEU is proposed. Implementation of these recommendations would help improve business environment in the EAEU and enhance their regulatory competitiveness in the area of digital economy.
