Unification of Economic Systems in the Global Economy: Barriers and Preconditions

Abstract

The purpose of the article is to determine barriers and preconditions for reducing the differences in the level of development in the global economy's countries and to develop recommendations for solving the problem of the global economy's economic systems unification.In order to determine the gap between developed and developing countries, the authors use the comparative analysis method. In order to determine possibilities, problems, perspectives, and threats to overcoming the gap by developing countries, the authors use the SWOT-analysis method. For studying the global economy's economic development disproportions, this research uses specially developed proprietary analysis of gap depth in economic development.As a result of the analysis, the authors determined that the level of economic development of the most developed countries exceeds the level of developing countries by more than four times. This reflects a huge gap depth and a high level of differentiation for countries in the global economy.The authors conclude that barriers of unification of economic systems in the global economy are primarily related to socio-political factors. Preconditions to reducing the difference in level of economic development for countries in the global economy are predetermined by the influence of globalization and international integration of economic systems. ABSTRACT F63

The delocalization of production to Poland

“…Since the European transition and trade liberalization (Chhachhi, 2014;Fagertun, 2017) in the early 90s, it has been observed an increase in economic ties, which manifests itself among other things, by the expansion of trade flows, production and growth of international companies. Dynamic and deep changes in the global economy (Vokina et al, 2016;Ulewicz and Blqaskova, 2018) are forcing businesses adaptation, which include moving production to countries with lower costs. Poland is the beneficiary of the opening of the economy and integration with the European Union, and absorbs the flow of foreign investment, which results in the development of the national economy, the creation of new jobs and an increase in exports.…”