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The Reconfiguration Of The Contemporary World Economic Order. Determining The Position Of The European Union Within The Hierarchy Of Power Centres


  • Larisa LUCHIAN

    () (Alexandru Ioan Cuza University of Iasi, Romania)


The hereby study offers an ensemble image upon the effects of the contemporary economic order and reconfiguration of the European Union. In this light, we wish to stress the main tendencies of the current world conjunction, the economic, politic and geostrategic opportunities and challenges, as well as the factors that contributed to the affirmation of the European Union on the global economic scene. In order to determine the position that European Union occupies in the hierarchy of the power centres, we analysed the main indexes of economic growth, the impact of politics and reforms upon the integration process, the effect of the global crises upon the European structure and the existent discrepancies between different regions of the European Union. The main conclusion drawn from this study is that, by aspiring to the status of a superpower and trying to affirm itself as an economic and politic individuality, able to sustain its own visions and protects its own interests, the European Union should aim to become a political global force. However, it is hard to achieve that since the European Union lacks an internal cohesion and the required capabilities in order to develop a global policy.

Suggested Citation

  • Larisa LUCHIAN, 2015. "The Reconfiguration Of The Contemporary World Economic Order. Determining The Position Of The European Union Within The Hierarchy Of Power Centres," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 7(2a), pages 519-530, September.
  • Handle: RePEc:jes:wpaper:y:2015:v:7:i:2a:p:519-530

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    power centre; integration; economic order; global force;

    JEL classification:

    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects
    • P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies


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