Finance and Credit
 

Transforming the forms of external-economic interaction between advanced and periphery countries of the world: Assessment of prospects for integration

Vol. 24, Iss. 8, AUGUST 2018

Received: 11 May 2018

Received in revised form: 25 June 2018

Accepted: 9 July 2018

Available online: 29 August 2018

Subject Heading: CHALLENGES OF GLOBALIZATION

JEL Classification: F02

Pages: 1874–1888

https://doi.org/10.24891/fc.24.8.1874

Malakhova T.S. Kuban State University, Krasnodar, Krai, Russian Federation
malakhovats@mail.ru

ORCID id: not available

Importance Under global instability, external-economic relations between advanced and periphery countries of the world are extremely ambiguous and contradictory. Furthermore, investigation of their interaction within the integration shows that periphery countries become dependent not only on global actors, but also on regional organizations and financial institutions. This fact leads to strengthening the positions of advanced countries and the dependence of periphery countries.
Objectives The study focuses on exploring the forms of external-economic interaction between the advanced and periphery countries of the world, and distinguish three waves of global integration processes.
Methods Using the historical and logical method, dialectical principles and contradictions, and abstraction enabled to bring out the main theoretical concepts and objective preconditions for integration between countries.
Results I substantiate directions and specific features of evolutionary development of integration in certain countries and regions of the world, present scenarios of their further development in the context of the new global economic architecture formation. The findings may be used for further study of external economic interaction between the center and the periphery at the multipolar system formation stage.
Conclusions The paper justifies the need to realize the scenario of deep transformation of economic integration, where the advanced countries of the world play a fundamental role. This will preserve economic and national sovereignty in the periphery countries, help avoid their dependence on advanced countries and form their own vector of mid-term and long-term development.

Keywords: integration, advanced countries, periphery countries, interaction, global economy

References:

  1. Khasbulatov R.I. Mirovye ekonomicheskie sistemy (1917–1990 gody): problemy sosushchestvovaniya. V kn.: Ekonomika i politika postsotsialisticheskikh gosudarstv: opyt transformatsii za 25 let. T. 2 [World economic systems (1917–1990): Problems of coexistence. In: Economics and politics of post-socialist States: Experience in transformation over 25 years. Vol. 2]. Moscow, Veche Publ., 2017, 520 p.
  2. Prebish R. The Economic Development of Latin America and its Principal Problems. United Nations, Economic Commission for Latin America. New York, 1950, 59 p. URL: http://archivo.cepal.org/pdfs/cdPrebisch/002.pdf
  3. Borko Yu.A., Butorina O.V. (Eds). Evropeiskii soyuz na poroge XXI veka: vybor strategii razvitiya [The European Union on the threshold of the 21st century: Choosing a development strategy]. Moscow, Editorial URSS Publ., 2001, 472 p.
  4. Tinbergen J. On the Theory of Economic Integration. Les Cahiers de Bruges (Bruges Quarterly), 1952, iss. 4, pp. 138–151.
  5. Baikov A.A. Sravnitel'naya integratsiya. Praktika i modeli integratsii v zarubezhnoi Evrope i Tikhookeanskoi Azii [Comparative integration. Practice and models of integration in foreign Europe and Pacific Asia]. Moscow, Aspekt Press Publ., 2012, 256 p.
  6. Balassa B. The Theory of Economic Integration. Westport, Conn., Greenwood Press, 1981, 304 p.
  7. Myrdal G. Mirovaya ekonomika. Problemy i perspektivy [An International Economy: Problems and Prospects]. Moscow, Izdatel'stvo inostrannoi literatury Publ., 1958, 555 p.
  8. Baburin S.N., Muntyan M.A., Ursul A.D. Globalizatsiya v perspektive ustoichivogo razvitiya [Globalization from the perspective of sustainable development]. Moscow, Magistr, INFRA-M Publ., 2011, 496 p.
  9. Gadzhiev K.S. [Geopolitical horizons of Russia (contours of the new world order)]. Moscow, Ekonomika Publ., 2007, 751 p.
  10. Birdsall N. Life Is Unfair: Inequality in the World. Foreign Policy, 1998, no. 111, pp. 76–93.
  11. Deakin S., Michie J. (Eds). Contracts, Co-operation, and Competition. Oxford, Oxford University Press, 1998.
  12. Tinbergen J., Fisher D. Warfare and Welfare. New York, 1987, 208 p.
  13. Krasil'nikov V. [New Economy: Search for the Optimal Model]. Predprinimatel'stvo = Entrepreneurship, 2012, no. 5, pp. 11–20. (In Russ.)
  14. Malakhova T.S., Malakhov V.S., Brazhnikova E.N. [Euro zone crisis: The myth or the reality?]. Ekonomika: teoriya i praktika = Economics: Theory and Practice, 2011, no. 3, pp. 21–26. (In Russ.)
  15. Malakhova T.S. Transformatsiya vneshneekonomicheskikh svyazei mirovogo avangarda i mirovoi periferii: pozitsii Rossii: monografiya [Transformation of foreign economic relations of the world avant-garde and world periphery: Russia's position: a monograph]. Krasnodar, Kuban State University Publ., 2016, 210 p.

View all articles of issue

 

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 24, Iss. 8
August 2018

Archive