Global Risks and the Influence of Integration Trends on Them
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DOI: 10.25236/isetbm.2019.023
Author(s)
Anna A. Bakulina, Vladimir V. Grigoryev, Svetlana V. Karpova, Alexey V. Lukyanov, Anastasia N. Ivanova
Corresponding Author
Anna A. Bakulina
Abstract
In a globalized world, risks have reached a new level; some of them have become global. The main objective of the article is to demonstrate the impact of integration trends on global risks and to prove the inefficiency of traditional methods of assessing global risks today. The authors aim at classification, systematization and assessment of the global risks influence on integration and the opposite connection. The authors use inductive analysis in order to form interconnection between the global level and the regional integrational tendencies. The authors propose a theoretical analysis to identify correlations between the two concepts and analyze the transformation of the concepts of global risks and integration. The key finding of the article is that the only way to make the integrational and global risks lower is to promote tight cooperation within the integrational organization and to foster higher integration levels.
Keywords
Globalization; Integration; State; Global risks; Financial markets; Global financial regulation