BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

PUBLISHER

Liburkina L. M.

SITE SECTIONS

Development of Regional Economic Integration Processes in Asia and Europe
Varlamova M. L., Kvasnytska O. H., Hehamian L. R.

Varlamova, Mariia L., Kvasnytska, Oleksandra H., and Hehamian, Lusine R. (2023) “Development of Regional Economic Integration Processes in Asia and Europe.” Business Inform 11:18–27.
https://doi.org/10.32983/2222-4459-2023-11-18-27

Section: International Economic Relations

Article is written in Ukrainian
Downloads/views: 0

Download article (pdf) -

UDC 339.9

Abstract:
The aim of the article is to conduct a comparative analysis of the main economic indicators of the development of integration processes in the countries of Asia and Europe (on the example of the Association of Southeast Asian Nations (ASEAN) and the European Union (EU)). The article analyzes in detail and discloses the main features, key trends, as well as common and distinctive features that determine the dynamics of the development of integration processes in these two strategically important world regions. The existence of the impact of integration on the foreign economic relations of the countries participating in both associations, including various trade and investment aspects, is proved. The dynamics of the main macroeconomic indicators of the ASEAN and the EU, such as total GDP and GDP per capita, are highlighted, as well as the factors and events that have had a significant impact on the economic development of both regions over the past few decades. The key trading partners of both associations are considered, indicating their commodity turnover and share in the overall geographical structure of trade. An analysis of the commodity distribution of export-import operations of the ASEAN and the EU has been carried out and the main segments of their trade in goods have been identified. It is noted that the introduction of innovative technologies and scientific achievements are key factors that contribute to the competitiveness of the participating countries in the context of global economic challenges. The dynamics of foreign direct investment flows, the geographical structure of donor countries and the main spheres of investment in the countries participating in the groupings are presented. A growing trend towards investing capital in such important industries as education and training, manufacturing of electronics and electrical equipment, biomedical and pharmaceutical industries, infrastructure and real estate, as well as the creation of various projects in the fight against climate change and the development of the digital economy has been identified.

Keywords: integration processes, ASEAN, EU, export and import of goods, trading partners, commodity structure of trade, foreign direct investment.

Fig.: 10. Tabl.: 1. Bibl.: 13.

Varlamova Mariia L. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of International Economic Relations, Vasyl’ Stus Donetsk National University (21 600-richchia Str., Vinnytsia, 21021, Ukraine)
Email: [email protected]
Kvasnytska Oleksandra H. – Student, Vasyl’ Stus Donetsk National University (21 600-richchia Str., Vinnytsia, 21021, Ukraine)
Email: [email protected]
Hehamian Lusine R. – Student, Vasyl’ Stus Donetsk National University (21 600-richchia Str., Vinnytsia, 21021, Ukraine)
Email: [email protected]

List of references in article

About APEC. Official website of Asia-Pacific Economic Cooperation. https://www.apec.org/about-us/about-apec
About us. Official website of Association of Southeast Asian Nations. https://asean.org/about-us/
United Nations Conference on Trade and Development. https://unctadstat.unctad.org/EN/Index.html
ASEANStats Database. https://data.aseanstats.org
What We Do. Official website of Association of Southeast Asian Nations. https://asean.org/what-we-do
“Asotsiatsiia derzhav Pivdenno-Skhidnoi Azii“ [Association of Southeast Asian Nations]. https://vue.gov.ua/Асоціація_держав_Південно-Східної_Азії
The World Bank. https://www.worldbank.org/en/home
“Investing in ASEAN 2023“. https://asean.org/wp-content/uploads/2022/12/ investment-report-2023.pdf
“ASEAN Investment Report 2022. Pandemic Recovery and Investment Facilitation“. Jakarta: ASEAN Secretariat. October 2022. https://asean.org/wp-content/uploads/2022/10/AIR2022-Web-Online-Final-211022.pdf
“Population on 1 January“. Eurostat. https://ec.europa.eu/eurostat/databrowser/view/TPS00001/bookmark/table?lang=en&bookmarkId=6ef61f16-dadc-42b1-a6ce-3ddfda4727e8
Vashchenko, A. V. et al. Kontsept «Yevropa» [The Concept of "Europe"]. Chernihiv: Desna Polihraf, 2018.
“Yevropeiskyi Soiuz“ [European Union]. https://msmb.org.ua/biblioresursi/bibliografiya/istorichni-podii/yevropeysykiy-soyuz/
“European Investment Bank Investment Report 2021/2022. Key findings. Recovery as a springboard for change“. https://www.eib.org/attachments/publications/economic_investment_report_2021_2022_key_findings_en.pdf

FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

INFORMATION

The Plan of Scientific Conferences

OUR PARTNERS

Journal «The Problems of Economy»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster