Integration Cooperation As A Vector Of Development Of The Far East

Integration can be defined as a natural process of convergence of national economies, on the one hand, strengthening their position in the international system, on the other, to create reliable economic ties between entities at the present stage of development of the world economy, where globalization phenomena are manifested to a large extent and international competition is intensifying. The economic integration of countries is becoming an integral part of the current state of the world economy. No country can fully provide itself with all the necessary factors of production for development and economic welfare while it is forced to integrate into the global economy. However, one cannot fail to note the positive contribution of integration to the global economy. Integration leads to an increase in the size of global markets and the manifestation of economies of scale. Thanks to the interaction of countries, a common dynamically growing and developing global market is formed, in which it is possible to reduce the cost of production due to mutually beneficial cooperation. However, it should be noted that integration can be viewed from the perspective of the countries cooperation, mutual penetration, their economic priorities supplementation, provoked by the international division of labor. Thus, an effect of integration cooperation emerges, which is characterized by classical signs of integration, and also contributes to the appearance of its new form – the integration of the country and its regions into the world economic processes through collaboration in the field of foreign trade and investment.