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Regional integration as a means of overcoming the economic crisis

Jabrailov Ikram Ismail  (Ph.D. in economics, Baku State University)

Abıshli Lachin Vazir  (Ph.D. in economics, Baku State University)

In this article, the authors analyzed the current situation and regional integration as a means or tool to exit the crisis situation. In the first part, primarily determined integration required for association studies, their characteristics and features. As an example, addressed the EU and Mercosur. In the second and third parts of the authors we chose certain countries of these groups, whose integration into the organization occurred after 2008. Then analyzed the situation in these countries to enter the integration organization immediately after the inclusion in the composition, and after a while, need to adapt to the rules of the organization (2-3 years). In the fourth part, based on the analysis, the conclusions were made about what action should be taken by States in order to emerge from the crisis by regional integration and the conditions under which it is possible.

Keywords:integration, development, crisis, EU, Mercosur, criteria
 

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Citation link:
Jabrailov I. I., Abıshli L. V. Regional integration as a means of overcoming the economic crisis // Современная наука: актуальные проблемы теории и практики. Серия: ЭКОНОМИКА и ПРАВО. -2016. -№11. -С. 34-40
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