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Theoretical Aspects of Identification of the Essence of Economic Integration

Author

Listed:
  • Cherkaskyi Igor B.

    (International Science and Technology University named after Academician Yu. Bugay)

  • Belikova Nadiia V.

    (Research Centre of Industrial Problems of Development of NAS of Ukraine)

  • Kozyrieva Olena V.

    (Research Centre of Industrial Problems of Development of NAS of Ukraine)

Abstract

The article generalises leading concepts and theories of economic integration that cover key aspects of this process. It gives a list of economic, socio-cultural and political factors that determine dynamics and direction of economic integration of the countries of the world. It studies approaches of foreign and domestic researchers with respect to the essence of the "economic integration" notion and provides a list of its basic characteristics. It builds a scheme of interconnections between the elements of the process of economic integration of the countries of the world in the world economy, on the basis of which the article offers a list of positive and negative consequences of economic integration for national economies.

Suggested Citation

  • Cherkaskyi Igor B. & Belikova Nadiia V. & Kozyrieva Olena V., 2014. "Theoretical Aspects of Identification of the Essence of Economic Integration," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 2, pages 12-17.
    • Handle: RePEc:idp:bizinf:y:2014:i:2:p:12_17
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