Interstate Economic Integration - Essential Characteristic of the Contemporary World Economy

Abstract

After the Second World War, the world economy became more and more characterized by an intensification of economic relations between different countries. The complex and diverse problems that faced the states, have imposed necessity for the identification of appropriate solutions to economic cooperation and economic interstate integration was considered an effective way to development and an answer to all these problems. The purpose of this article is to analyze the integration process of interstate economic integration in all its essential aspects. The study begins with the definition of the concept and continues with the analysis of the forms of interstate economic integration and the main organizations of this kind that existing in the world economy nowadays.