Concept of vertical integration in the view of modern ideas relating to efficiency of investment projects realization
The tendency of business integration and globalization can be observed in the world economy at present. Globalization, capital movement, modern communication and information systems actively promote development of integration processes while scientific and technical revolution strengthens functional and technological labor separation, leads to interdependence of manufacturers, to integration of industry on the basis of cooperation and a combination of their activity. The economic integration process is an integration of companies' efforts for strengthening their competitiveness, achievement of the strategic purposes and the maximal economic efficiency of their operational activity thus resulting in creation of new integral bodies from separately functioning structures, getting a new meaning only in integration with other structures. The article reviews the processes of vertical integration in a context of modern views on activity efficiency and investment projects realization.