18.97.14.87
ECONOMIC EFFECTS OF REGIONAL INTEGRATION: MYTHS AND REALITY
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3 ОБЩЕСТВЕННЫЕ НАУКИ
Date of publication
01.07.2017
Public year
2017
ISBN
2073-6487
ECONOMIC EFFECTS OF REGIONAL INTEGRATION: MYTHS AND REALITY
Annotation
The article analyzes common myths about the effects of international economic integration. A number of theses are subjected to critical analysis. In particular, we are talking about the predominantly positive impact of regional integration on the economy; the direct dependence of positive integration effects on the degree of complementarity of the economies of the participating countries; and the growth of the positive impact of the integration process on the economy as the level of integration deepens; on the emergence of positive effects of integration mainly when countries with a high level of economic development are United; on the greater positive effects of integration of developing countries with developed countries than with countries with a comparable level of development. Based on the analysis, the conclusion is made about the insufficient validity of the considered representations.
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