The Trade-Economic Component of the Regional Economic Processes in the Context of Globalization

Abstract

The article is concerned with analyzing and defining the structure of the tradeeconomic component of the regional economic processes on example of the EU, ASEAN, BRICS, SCO and NAFTA in the context of globalization. Based on analysis and generalization of numerous scientific works by various authors, a block of theoretical and statistical data on the contemporary regional integration associations has been considered and systematized. The article carries out an analysis of the trade-economic relations by the objectively leading and indicative, as to the current global economic processes, regional integration associations, namely the EU, SCO, BRIC, ASEAN and NAFTA, determines their impact on development of the international economic relations. The structure has been studied, as well as a comparative characterization of the data of regional economic integration associations in the context of global economy has been accomplished. Prospect for further research on this issue is determining the involvement of an individual integration association in the system of contemporary global economic relations.

Keywords

• globalization
• international economic relations
• regional integration
• global economic relations