Development of International Economic Integration

  • Nadiia Kryvenko National Science Center "Institute of Agrarian Economics"
Keywords: international economic integration, development, trends, regional trade agreement, integration grouping

Abstract

The development of international economic integration (IEI) is analyzed taking into account the unification of the markets of countries for several centuries on different continents (Europe, North America, Africa). Although the issue of integration is debatable, at the same time more than ten customs unions were able to revive after the Second World War. Positive consequences of the first separate trade and economic associations and their influence on the further development of integration processes are revealed. The deepening of IEI have been confirmed, the analysis of waves of integration of the twentieth century (taking into account the time periods) shows the growth of the number of groupings, in particularly between countries of different levels of economic development, the expansion of the range of issues that are covered by agreements, the growth of bilateral agreements, in particular between countries in different regions, etc. It is noted a crossing of free trade agreements (this is typical especially for Asian countries), the emergence of schemes «hub-and-spoke», its influence on large and smaller countries. The features of preferential rules and the expediency of their application depending on the circumstances are considered. The significant influence of IEI and the need to take into account the intensification of integration of large developing countries (China, Brazil, India, etc.) are justified, in particular, their entry to the markets of other developing countries.

References

Spartak, A. (2011). Sovremennyy regionalizm [Modern regionalism]. ЕMirovaya ekonomika i mezhdunarodnye otnosheniya – World economy and international relations, 1, 3–15 [in Russian].

Baldwin, R. E. (1994). Towards an Integrated Europe. London: CEPR [in English].

World Trade Report 2011. The WTO and preferential trade agreements: From co-existence to coherence. Geneva: WTO Publication, 2011. – 251 p. // World Trade organization. www.wto.org. Retrieved from https://www.wto.org/english/res_e/booksp_e/anrep_e/ world_trade_report11_e.pdf [in English].

Shishkov, Yu. V. (2001). Integratsionnyye protsessy na poroge XXI veka. Pochemu ne integriruyutsya strany SNG [Integration processes on the threshold of the XXI century. Why CIS countries are not integrated?]. Moscow: «III tysyacheletiye» [in Russian].

Timofeyev, A. V. (2012). Teoreticheskiye aspekty i tendentsii razvitiya regionalnoy ekonomicheskoy integratsii [Theoretical aspects and trends of regional economic integration]. Vestnik Saratovskogo gosudarstvennogo sotsialno-ekonomicheskogo universiteta – Bulletin of the Saratov State Social and Economic University, 58–63 [in Russian].

Sherov-Ignatyev, V. G. (2008). Sovremennyye tendentsii regionalnoy integratsii [Current trends in regional integration]. Vestnik Sankt-Peterburgskogo universiteta -Bulletin of St. Petersburg University. 5, V. 2, 53–62 [in Russian].

List, F. (2005). Natsionalnaya sistema politicheskoy ekonomii [National system of political economy]; Vitte, S.Yu. (2005) Po povodu natsionalizma. Natsionalnaya ekonomiya i Fridrikh List [About nationalism. National economy and Friedrich List]. Mendeleyev, D. I. (2005) Tolkovyy tarif. ili Issledovaniye o razvitii promyshlennosti Rossii v svyazi s eye obshchim tamozhennym tarifom 1891 goda [Explanatory tariff, or Study on the development of industry in Russia in connection with its general customs tariff of 1891]. Moscow: Evropa [in Russian].

Soloninko, K. S. (2008). Mizhnarodna ekonomika [International Economics]. Kyiv: Kondor [in Ukrainian]

Voronina, T. V. (2010) Evolyutsiya teoreticheskikh podkhodov k analizu razvitiya mezhdunarodnoy ekonomicheskoy integratsii [Evolution of theoretical approaches to the analysis of the development of international economic integration]. Terra Economicus. T. 8, 3, 208–215 Retrieved from https://cyberleninka.ru/article/v/evolyutsiya -teoreticheskih-podhodov-k-analizu-razvitiya-mezhdunarodnoy-ekonomicheskoy-integratsii [in Russian]

Mukhopadhyay, K., & Thomassin, P. (2010) Economic and environmental impact of free trade in East and South East Asia. New York: Springer Science +Business Medi B. V. [in English].

Lukianenko, D. H., Poruchnyk, A. M., & Stolyarchuk, Ya. M. (2014) Mizhnarodna ekonomika [International Economics]. Kyiv: KNEU [in Ukrainian].

Muradov, K. (2007) Regionalnyye i dvustoronniye soglasheniya o svobodnoy torgovle [Regional and bilateral free trade agreements]. ЕMirovaya ekonomika i mezhdunarodnye otnosheniya – World economy and international relations, 7, 40–48 [in Russian].

Krugman, P. (1993) The Hub Effect or Threeness in Interregional Trade Theory, Policy and Dynamics in International Trade. Cambridge [in English].

Baldwin, R. E. (2006) Managing the Noodle Bowl: the Fragility of East Asian Regionalism. CEPR Discussion Paper № 5561. L. [in English].

ADB Attacks Bilateral Trade Deals. Financial Times. 07.04. 2006. Retrieved from https://www.ft.com/ content/2e161294-c5aa-11da-b675-0000779e2340 [in English].

Sait WTO. Retrieved from http://rtais.wto.org/UI/PublicAllRTAList.aspx [in English].
Published
2018-04-02