Regionalization in terms of globalization: competitiveness factors of Central and East European countries

In the modern world economy regional integration is the mutually advantageous form of economic cooperation for the countries with different level of social and economic development. External economic links (and first of all trading ones) are the factors of EU regional unity and development. EU membership influence positively on the economy of all new member countries of the Union (Central and East European countries). It is reflected in the dynamics of the majority of economic indicators. The article is devoted to the analysis of competitiveness factors of these countries. Positive experience of mutual trade development in the EU can be used in our country in connection with the intentions of Russia and other CIS countries to create common free market zone on the post-Soviet territory.

external economic links, EU intra-regional market, mutual trade, regional integration, labour cost, competitiveness factors