Optimisation of degree of economic integration between Lithuania and Belarus.

Abstract

The present article tries to set up the system of the criteria allowing to specify the optimal level of integration between the two economies on the basis of the analysis of modern economic theories of interstate integration. This article attempts to apply the system of criteria for the economic analysis of a separate case—specifications for the optimal degree of economic integration between Lithuania and Belarus. The results of the analysis raise doubts on widespread stereotype of “restrictions” according to which it is necessary to “protect” our economy from contact with Belarus in every possible way. Our analysis shows high perspective and economic advantage of close integration of our economy with that of Belarus. The presented data allows us to draw attention to the issue of closer economic integration progressively passing into political cooperation.