Globalization, Multilateralism, Regionalism: From Dilemma To Multi-Dimensionality

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Globalization, Multilateralism, Regionalism: From Dilemma To Multi-Dimensionality

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Pavel Hnát

Abstract

Globalization, multilateralism and regionalism are the most significant tendencies of today's world economy. Their mutual relation has bee so far studied mainly as a dilemma between globally free trade and world economy's fragmentation through competing trade blocks. With the upsurge of globalization and sharp global competition in globalization latest wave, multilateralism and regionalism has, however, changed markedly. Subsequently, their mutual relations have changed as well. Based upon the study of New Regionalism, which leads towards more complex and open trade agreements, it seems that multilateralism and regionalism can be understood as compatible dimensions of broader efforts on an economic reform of globalized world order. It is, today, formed by a deep and transparent global governance (WTO) and a global network of complex economic integration agreements (New Regionalism). The aim of this article is to study the development of their interaction and conditions of their multi-dimensional coexistence.

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Article provided by University of Economics, Prague in its journal Acta Oeconomica Pragensia.

Volume (Year): 2008 (2008)
Issue (Month): 2 ()
Pages: 6-22
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Handle: RePEc:prg:jnlaop:v:2008:y:2008:i:2:id:53:p:6-22

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Find related papers by JEL classification:
F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
F15 - International Economics - - Trade - - - Economic Integration
F59 - International Economics - - International Relations and International Political Economy - - - Other

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