Basic Forms of International Integration Interaction

Abstract

The article deals with international integration and the main forms of interna-tional integration interaction.Integration and globalization are becoming increasingly important in economic development.At present, no state can exist in isolation from others without recourse to mutual coopera-tion. In the activities of any country there is foreign economic and foreign policy interaction withother countries.The presence of historically established and sufficiently strong economic ties between countries largely determines the expediency and possibility of integration. Common eco-nomic interests and problems that can be solved much more efficiently by joint efforts are also of great importance.Integration is usually understood as a process during which the growing economic inter-dependence of two or more countries develops into the merging of national markets for goods, services, capital and labor, and on this basis an integral market space is formed.Integration in a broad sense is the unification of some parts into a single whole. The con-cept of «integration», as well as the process of integration itself, appeared in scientific circulation at the end of the 19th – beginning of the 20th century. It is known that the term «integration» in translation from Latin means restoration, connection, replenishment, and integer –whole, whole. Therefore, integration means a process, as a result of which the unity and integrity of the system are formed on the basis of unification and convergence, i.e., obtaining a whole from any separate parts that complement each other, creating a qualitatively new formation.The relevance of the topic of the article is due to the fact that integration processes arebecoming an integral part of the growing globalization of the world economy. They represent a qualitatively new form of interstate interaction and have the ultimate goal of accelerating eco-nomic growth and increasing the competitiveness of countries participating in integration pro-cesses. International integration plays a significant role in all countries of the world. Participation in integration groups gives countries a number of significant advantages, namely: wider access to various resources, joint solution with other countries of complex socio-economic, scientific-technical, environmental and other problems.Integration promotes the development of new territorial markets, the creation of joint enter-prises in the developed territories, increasing the stability of national economies, the unification of suppliers and consumers, production and sales of products. Keywords: world and international economy, economy of foreign countries, forms of inter-national integration interaction.