Comparative Analysis of Economic Integration Processes in Russia and the World

The article provides a comparative analysis of economic integration processes in Russia and the world. The analysis encompasses statistical information reflecting the shares of BRICS+ and G7 countries in the world production, consumption, and gross domestic product (GDP) measured by purchasing power parity. Key reasons motivating states within the international community to unite for the purposes of international trade, capital movement, labor migration, and other forms of economic activity are identified, particularly in the context of establishing protective economic mechanisms based on the organization of a multipolar world. The article also highlights the primary factors contributing to the degradation of economic integration processes within the European Union. It concludes that modern economic integration processes create a broad spectrum of challenges for the development of both the Russian Federation and other countries within the global community. These challenges are attributed to the outcomes of both material and non-material production within economic unions and associations, the turbulence of socio-economic processes across various regions, and the volatility of global markets. Furthermore, the transformation of international economic security emerges as a driving force behind integration processes and a guarantor of balanced sustainable development for the world community in the context of multipolarity.

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Publication Details

Journal
Общество политика экономика право
Published
2024-12-18
DOI
https://doi.org/10.24158/pep.2024.12.16
Primary Topic
Global Political and Economic Relations
Type
article
Field-Weighted Citation Impact
0.00
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article

Comparative Analysis of Economic Integration Processes in Russia and the World

Inna A. Fadeeva
Общество политика экономика право
Global Political and Economic Relations
article

Comparative Analysis of Economic Integration Processes in Russia and the World

Inna A. Fadeeva
article en

Abstract

The article provides a comparative analysis of economic integration processes in Russia and the world. The analysis encompasses statistical information reflecting the shares of BRICS+ and G7 countries in the world production, consumption, and gross domestic product (GDP) measured by purchasing power parity. Key reasons motivating states within the international community to unite for the purposes of international trade, capital movement, labor migration, and other forms of economic activity are identified, particularly in the context of establishing protective economic mechanisms based on the organization of a multipolar world. The article also highlights the primary factors contributing to the degradation of economic integration processes within the European Union. It concludes that modern economic integration processes create a broad spectrum of challenges for the development of both the Russian Federation and other countries within the global community. These challenges are attributed to the outcomes of both material and non-material production within economic unions and associations, the turbulence of socio-economic processes across various regions, and the volatility of global markets. Furthermore, the transformation of international economic security emerges as a driving force behind integration processes and a guarantor of balanced sustainable development for the world community in the context of multipolarity.

Общество политика экономика право(12)
Decent work and economic growth
Openalex Percentile: Top 62%
Global Political and Economic Relations
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