Summary of economic integration as a category of modern economics

Abudavud Basem
post-graduated student, Donetsk National University of Economics and Trade named after M. Tugan-Baranovsky, e-mail:kristina_d92@mail.ru

Cite this article:

Basem, Abudavud (2015). Summary of economic integration as a category of modern economics. Ed.: M. Zveryakov (ed.-in-ch.) and others, Socio-economic research bulletin; Vìsnik socìal’no-ekonomìčnih doslìdžen’ (ISSN 2313-4569), Odessa National Economic University, Odessa, Issue 4, No. 59, pp. 16-20.

Abstract

The article presents approaches to the definition of economic integration. It is proved that economic cooperation and integration could help address the political, social and economic problem of the region by boosting growth, fostering diversification, and stimulating employment. Further developed systematization of approaches to the definition of “economic integration” is presented. It was proved that the concept of economic integration implies that nations come together in some type of partnership to foster trade and development.

Keywords

economic integration; globalization; world economy; cooperation; integration theory; economic growth.

JEL classification: F150

UD classification: 399.9

References

1. Zhuravskaia, E. H. (1990). Regional integration in the developing world: non-Marxist theory and reality (ASEAN example) [Regionalnaya integratsiya v razvivayuschemsya mire: nemarksistskie teorii i realnost (na primere ASEAN)], Science, Moscow, 150 p. (rus)
2. Economic and legal dictionary (2004). Ed. by A. N Azriliyan [Ekonomicheskiy i yuridicheskiy slovar; pod. red. A. N Azriliyan], Institute of the new economy, Moscow, 1088 p. (rus)
3. Bommes, Michael, Kolb, Holger (2004). Economic integration, work, entrepreneurship. State of art report cluster B4, IMIS, University of Osnabruck, 36 p.
4. Mutharika, B. W. T. (1972). Towards Multinational Economic Cooperation in Africa, Praeger Publishes, New York, 156 p.
5. Carbaugh, R. J. (2004). International Economics, 9th ed. Australia, Thomson South Western, 258 p.
6. Nikolayeva, T. I., Gayanova, V. M. (2009). Integration as an important strategic direction for the trading industry [Integratsiya kak vazhneishee strategicheskoe napravlenie torgovoy otrasli], Bulletin of SUrSU, Series “Economics and management”, No. 21, pp. 80–86 (rus)
7. Avladeev, A. (2014). Clarifying the concepts of «economic integration» and «coercive economic integration» [Utochnenie ponyatiy «ekonomicheskaya integratsiya» i «prinuditelnaya ekonomicheskaya integratsiya»], Young scientist, No. 21, pp. 260–263 (rus)
8. Snorrason, S. T. (2012), The theory of trade agreements, economic integration, size of economies, trade costs and Welfare. Asymmetric Economic integration, contributions to economics, Springer-Verlag Berlin Heidelberg, 218 p.
9. Spiridonov, I. A. (2001), Global Economy [Globalnaya ekonomika], Moscow State Open University Press, INFRA-M, Moscow, 255 p. (rus)
10. Kireev, A. P. (1997), International Economics [Mezhdunarodnaya ekonomika], P. 1, Moscow, 416 p. (rus)
11. Sidorovich, A. V. (1997), The course of economic theory [Kurs ekonomicheskoy teorii], DIS, Moscow, 736 p. (rus)
12. Zoellick, Robert (2002), Unleashing the Trade Winds, The Economist, December 7, pp. 27–29.