ECONOMIC ESSENCE AND ANALYSIS OF INTERNATIONAL AND REGIONAL ECONOMIC INTEGRATION PROCESSES

Abstract

In this article, it presents two main manifestations of integration processes in international economic relations, manifested at the micro and macro levels. At the micro level, this process is explained by the fact that individual firms in neighboring countries establish various forms of economic relations, as well as by establishing their branches in foreign countries. The rapid development of relations between firms and production enterprises, the provision of services in the exchange of goods, the free movement of capital and labor between countries necessitates the need for interstate regulation aimed at ensuring a single policy of economic, social, scientific and technical, foreign economic and defense policies, and actions in the financial and monetary sphere. As a result, economic complexes with a single currency, infrastructure, financial funds, common interstate management bodies are formed, and a number of proposals and conclusions are given for the development of international economic integration processes.