Abstract

RESEARCH OBJECTIVE: The aim of the article is to discuss the relationship between international economic integration and the loss of autonomy of the national power of economic policy. Reflection on this issue is an attempt to explain the processes taking place in contemporary relations between politics and economics.

THE RESEARCH PROBLEM AND METHODS: The article focuses on a few examples of international economic integration and its impact on the loss of autonomy of the national economic policy. A critical analysis of scientific sources and a case study were used.

THE PROCESS OF ARGUMENTATION: The article begins with a sketch presenting contemporary processes in the world economy. Then, first of all, the example of European integration, including monetary ties with the euro, is analyzed, and an attempt to identify the reasons why the loss of monetary policy autonomy is one of the greatest threats of joining the monetary union.

RESEARCH RESULTS: International economic integration contributes to increasing economic ties and increasing the relationship between the dominant and smaller economies in the world. One of the effects of monetary integration is the loss of monetary policy autonomy.

CONCULSIONS, INNOVATIONS, AND RECOMMENDATIONS: Before the introduction of the euro in Poland, experts should conduct economic and political analyzes of the benefits and threats of joining the monetary union. Economists should focus, inter alia, on on the impact of the loss of monetary policy on the country's economy.