Pavel Yamko “Efficiency of Free Trade Areas and Regional Trade Agreements as Mechanisms of Overcoming Financial Crisis”, Journal of International Studies, Vol. 2, No 1, 2009, pp. 146-153.

Efficiency of Free Trade Areas and Regional Trade Agreements as Mechanisms of Overcoming Financial Crisis

Pavel Yamko

Ukrainian State University of Finance and International Trade

yuriyyy@rambler.ru

Abstract The paper presents organizational-legislative mechanisms of creation and functioning of free trade areas and regional trade agreements as possible facilities of overcoming of financial crisis. Basic directions are certained in relation to collaboration and problems on a way to economic integration within the framework of these agreements. The approaches are offered in relation to the decision of problem questions which arise up in the conditions of global challenges and crisis phenomena in a world economy.

Keywords: free trade areas, regional trade agreements, integration, regionalization, WTO.

Submitted: March, 2009

1^st revision: May, 2009

Accepted: June, 2009

JEL classification: O24, F43 , P1