Influence of international economic integration on socio-economic development of region

Yelena Andreyeva (), Viktoriya Zakharova () and Artyom Ratner ()
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Viktoriya Zakharova: Presidium of the Ural Branch of the Russian Academy of Sciences

Economy of region, 2014, vol. 1, issue 3, 90 - 100

Abstract: The hypothesis about new type’s integration processes in the world economy is made, the essence and distinctive peculiarities of these processes are determined. By the proposed groups of parameters, the comparative analysis of international economic integration (IEI) within traditional integration processes (EU, NAFTA) and those of new type (SCO, BRIC(S)) is carried out. The technique of estimation of influence of international economic integration on development of a country’s region is worked out, and the estimation of influence of international economic integration on socio-economic development of Sverdlovsk region is carried out.The movement of goods, services and factors of production (capital, work force) between the region and the integration associations of traditional type and the groups of countries arisen in terms of forming integration processes of new type is analyzed. It is shown that the one of the tendencies in development of international economic integration of Sverdlovsk region during the last 12 years has been the increasing role and importance of new integration groups of countries. It is revealed that the purposeful account of this tendency can provide quantitative and qualitative shifts in external trade, foreign investments and labor migration of the region, related on the change of direction of flows: from the receivers of high-technological goods, capital, specialists from developed countries — to the supplier of manufactured goods, investments and high-qualified work force into countries of SCO and BIRC(S), what is one of the factors of providing economic safety of the region.

Keywords: international economic integration; EU; NAFTA; SCO; BRIC(S); international trade; foreign investments; migration; region; social-economic development (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (3)

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