Priorities of economic integration.

International economic integration is peculiar to modern world economy. It represents process of economic, organizational and political association of the countries on the basis of a deep division of labour and steady interrelations between national economies, interaction of their economies on macro- and micro levels in the various forms.

Among the forms of economic integration the following are allocated: the zones of free trade, within the framework of which the customs duties and other trade restrictions between the countries – participants are cancelled.

The various international economic organizations have the special importance in expansion and deepening integration processes in world economy. Among them it is possible to allocate the General agreement on tariffs and trade (GATT) – regulate customs-tariff problems of world trade. Its successor is the World trade organization (WTO) conducting a line on liberalization of world trade by reduction of a level of the import duties, elimination of not tariff barriers etc. In the field of the money circulation and credit the International Monetary Fund (IMF) and International Bank of Reconstruction and Development (IBRR) work actively. The International Organization of Work works in the world market of a labour (solves the problems of employment, conditions of organization and payment of work, migration of a labour etc.)

As the practice shows, internationalization of the economic relations is one of the fundamental laws of development of modern socially-historical progress.