THE ESSENCE OF INTERNATIONAL ECONOMIC INTEGRATION, ITS TYPES AND OBJECTIVE FOUNDATIONS

Abstract

This scientific article discusses the theoretical foundations of international economic integration, its essence, formation factors, main types, and objective economic foundations. The strengthening of globalization processes in the world economy is bringing economic cooperation between countries to a new stage. The article analyzes such forms of international economic integration as free trade areas, customs unions, common markets, and economic and monetary unions. In addition, the impact of integration processes on the development of the world economy, as well as their positive and negative aspects and the activities of modern integration associations, are scientifically examined. Furthermore, the participation and prospects of Uzbekistan in international economic integration processes are also analyzed.