Dimensional integration of global financial area

In the article approaches to determination the components and sequence of the stages of economic integration is considered. Among the requirements for successful development of economic integration are gradual and consistent promotions of the integration process from lower to higher stages (the preferential trade area free trade area customs union common market economic community or monitory union and economic union complete economic integration or political federation). The place of financial integration in the economic convergence process with the group of member countries is defined. Systems analyses of a new international financial structure are conducted. That financial structure, which has induced such dramatic increases in uneven development regional subsystems: Eurasia, North America and Asia. The features of financial integration process in different geographic regions, that responsible formation of new centres and regrouping forces in the world financial map are analyzed. The most developed regional subsystem of the global financial is European financial areas. The formation and structure of European financial areas is analyzed by the centre-periphery model. The European Union as a core of European financial area is defined. The EU has a tendency to expand through the accession of new member states, which stages of economic development need to change. Practical recommendations are offered in relation to construction of the effective integration policies.

Keywords: integration, financial area, stock market capitalization, foreign direct investment, portfolio investment, reserves, integration group.