ECONOMIC INTEGRATIONS ? RESULT OF THE PROCESS OF GLOBALIZATION AND ECONOMIC DEVELOPMENT

Globalization is consciously directed and organized process by which the national economies are linked by international and institutional intermediaries. This is the process of deterritorisation and interaction of international trading, global IT and communicational networking of market participants and the expansion of impact of the multinational companies. Regional integrations in the world are the pillar of the functioning of modern international economic relations. They are the basis of implementation of the globalization process and are the main carriers of all changes made to the process of integration within the countries and those outside them. Regional integrations are established for various interests: economic, military and political. Regional economic integrations are the most common form of association of countries, because of great number of positive effects that such associations contribute to the overall economic prosperity of countries in the integration.