Supranational Mechanism in Integration Theory

In: Mirovaja ėkonomika i meždunarodnye otnošenija: MĖMO, Heft 4, S. 30-38

Abstract

The authors points out that there are several objective prerequisites for supranational mechanism to be implemented. These include a well-developed economy, high degree of internationalization and substantal level of economic interdependence. The growing contradictions between the national regulation and transnational economy can be eased by recourse to supranational mechanisms. The globalization opens the way for supranational solutions on a broad international scale.