DOI: 10.33917/mic-6.89.2019.97-102

Financial centers create a powerful clustering effect by concentrating a number of interconnected financial operations – banking, capital markets, investments, insurance, professional services (jurisprudence, accounting), and regulation. Thus, they act as a driver for promoting the principles of sustainability in business through the organization of financing. However, at present this incentive potential is underused due to the lack of a unified approach to assessing their contribution to the development of sustainable finances. The development of such a unified approach will increase investment in sustainable finance, optimize its regulation, and increase public awareness of the development of a sustainable financial system. The article is devoted to the analysis of the experience of the world’s leading financial centers in stimulating the development of sustainable finance.

The article discusses the features of integration processes in modern developing countries. Shows the goals that pursue nation-states in the organization of integration unions. The position of the majority of associations of developing countries within the stages of development of world integration processes is indicated. The current and forecast dynamics of economic indicators of developing countries in comparison with the indicators of developed countries and the world as a whole is analyzed. Based on relevant statistics, a number of existing integration unions of countries with developing economies from various regions of the world are examined in terms of their composition and basic socio-economic parameters. The negative trends in the development of modern integration processes in countries with developing economies are investigated and the reasons hindering the effectiveness of their integration are identified.