EXPERIENCE OF INTEGRATION PROCESSES IN THE FINANCIAL SPHERE: THEORY AND PRACTICE
Abstract
Integration processes are an integral part of the globalization of the world economy. They represent a qualitatively new form of interstate relations, the ultimate goal of which is to increase the rate of economic growth and ensure the competitiveness of the entire production system. At this stage, regional economic integration is defined as a process (dynamic approach) and a state (dynamic approach) associated with a qualitative improvement in cooperation between countries in a certain area to a new level, strengthening economic ties, exchanging mutual experience and technology, as well as eliminating trade, economic, financial and other barriers within the integration structure can be characterized as a static approach).
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