Importance The article discusses international and intergovernmental economic relations arising from the formation and institutionalization of today’s international integration economic associations. The article also examines trends in the development of global economy, general and regional contradictions. We analyze the nature of contemporary international competition, opportunities, and indicate further paths for Russia’s economic policy. Objectives The research examines integration associations in the contemporary global economy, global trends and opportunities of using them in Russia’s interests. Methods Studying development trends in international integration associations and outlining strategies for developing Russia’s foreign trade policy, we used methods of induction and deduction, analysis and synthesis. The research also involves the dialectical method that allows studying contradictions, methods of structural and institutional analysis for identifying new forms of competition. Results We examined the development of institutional competition that was arising in the global economy. The article provides detailed description of measures for Russia’s economic security and strategy of its foreign trade activities assuming that Russia takes part in the creation of international economic integration associations and undertakes new ones. Conclusions and Relevance Considering the onset of the institutional competition in international integration processes, Russia can enhance its participation in them and enhance its national security by improving the institutional structure of international economic organizations – it sets up and supports, and deal with other organizations on equal competition terms.
Keywords: international integration organization, international competition, institutional competition
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