INTERNATIONAL ECONOMIC INTEGRATION AND ECONOMIC GLOBALIZATION: COMMON AND DIFFERENT
Authors:   Odesa National Technological University, Pavlov Oleksandr 
Published: June 2022

The economic development of the modern world is taking place in the context of globalization, which is characterized by a comprehensive transformation of the world community into an open integrated system of information and communication, technological, financial and economic, political, socio-cultural ties and interactions. This process is confronted with the phenomenon associated with the formation of various types of integration associations. As a result, in the development of international economic integration (IEI) and economic globalization (EG) there are certain contradictions that need to be overcome in the interests of the world community. With this in mind, the aim of the study is to determine the common and distinctive features of IEI and EG. To implement it, the task of identifying the factors of the globalization process has been formulated and implemented; comparison of IEI and EG on certain grounds; characteristics of glocalization as fragmented global economic space, which is formed as a result of the interaction of IEI and EG. In identifying common and distinctive features of IEI and EG, features such as function, trend, process, object of influence and subject of action are used and their different importance in the interaction of these phenomena is proved. Different functions of IEI and EG are indicated. Their different process orientation and even the opposite was proved on the basis of analysis of the latest scientific sources. The tendencies of development of these phenomena are somewhat coincident, as integration as the union of certain parts as a whole confirms the tendency towards integrity, but in local terms. The greatest coincidence between IEI and EG is manifested in the object dimension, which is expressed through the various components of international economic activity. The key role among them belongs to world trade, the dynamics of which is constantly changing under the influence of such objective factors as the international division of labor, fragmentation of global production and value chains, specialization, accelerating foreign movement direct investment and increasing competition. The results of the study confirmed hypothesis about the relationship and at the same time the opposite of IEI and EG, interaction which are inherent the ratio of intersection. The analysis of IEI and EG trends was carried out taking into account the influence of various factors, including of convergent NBICS-technologies. Glocalization, which is a consequence of the interaction of IEI and EG, which is a certain synthesis of global and local, is characterized. In the global segment the boundary current states of IEI and EG intersect. Based on the formulated scientific statements, it is concluded that IEI, EG and glocalization form a fragmented global economic space. The size of this spatial segment and the characteristics are not constant, but depend on which trend ‒ global or local prevails. It is proved that in the future the most popular will be the research related to the systematic analysis of the essence of glocalization.