International Economic Policy (Jun 2015)
Macroeconomic effects of international regional economic integration: global practice and challenges for Ukraine
Abstract
In the article the causes and macroeconomic peculiarities of the formation and operation of international regional economic associations of various forms have been studied. A hierarchical classification of modern international regional economic integration groups is presented. The contribution of the world’s largest integration groups to the global GDP has been analyzed. The main macroeconomic results of countries’ participation in integration associations of different forms on the pre-establishment and post-establishment stages have been described, the positive effects obtained by countries in the result of introduction of certain common economic activity conditions have been determined. Potential risks for Ukraine related to European Integration and prospective positive effects of integration into the world economy have been determined. Conceptual principles of state policy of blocking of the potential risks of international regional economic integration for Ukraine have been substantiated.
