Divergent classification of economic integration (A case of Azerbaijan and Turkey relations)

Abstract

There have been many economic integration efforts in 20th Century. Their main goals are to achieve economic union as seen in the stages of EU at the fist step and finally political union. In each phase all countries should harmonize their economic, financial and social policies for final target of political union. At the end, they built the stronger economic and political structure and take an advantage in highly competitive global market. This article looks into the major economic integrations from the divergent classification of compulsorily (socialist economic integration) and voluntarily basis (capitalist economic integration) such as respectively the USSR, the EU economic integrations. It focuses on the similarities and differences of two divergent economic integrations from technical perspective, not ethical or moral. It also analyses recent economic developments between Azerbaijan, Turkey and Georgia in South Caucasus.