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Globalisation and regionalisation

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  • V. Jeníček

    (Czech University of Agriculture, Prague, Czech Republic)

Abstract

What regards the vision of the future relationship of the global and regional liberalisation, two variants are offered. According to the first, multilateralism will go on perpetually around the present trajectory and gradually will, supported by the processes of internationalisation and interdependence, accelerated by the condensing net of trans-national corporations and their activities, suppress regionalism. According to the second, regionalism will, closely connected to multilateralism, spread territorially into the shape of several macro-regions as a transitive stage to the unified liberalised world economy. In both cases, it regards of course the visions of a system and not matter-of-fact type. In the frame of each region, there will further exist different comparative advantages, which will influence the volumes and structure of production and trade, as well as certain specific fields of economic policy. However, that changes nothing of the fact, that namely multilateralism contributes to a considerable extent to reaching a higher equilibrium, adaptability and coherence of the world economy as a whole, even if reaching of this state is connected with considerable, mostly, however, short-time, costs. The contribution characterises globalisation and regionalisation: its contents, types and dimensions, TNC, unequality of the globalised economic development.

Suggested Citation

  • V. Jeníček, 2002. "Globalisation and regionalisation," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 48(2), pages 87-92.
    • Handle: RePEc:caa:jnlage:v:48:y:2002:i:2:id:5293-agricecon
    DOI: 10.17221/5293-AGRICECON
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    References listed on IDEAS

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    1. Winters, L. Alan, 1996. "Regionalism versus Multilateralism," CEPR Discussion Papers 1525, C.E.P.R. Discussion Papers.
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