Acta Oeconomica Pragensia 2008, 16(2):6-22 | DOI: 10.18267/j.aop.53

Globalization, Multilateralism, Regionalism: from Dilemma to Multi-dimensionality

Pavel Hnát
Ing. Pavel Hnát - research fellow; Department of World Economy, Faculty of International Relations, University of Economics, Prague, nám. W. Churchilla 4, 130 67 Praha 3, Czech Republic, hnatp@vse.cz

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.

Keywords: globalization, multilateralism, regionalism
JEL classification: F02, F13, F15, F59

Published: April 1, 2008  Show citation

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Hnát, P. (2008). Globalization, Multilateralism, Regionalism: from Dilemma to Multi-dimensionality. Acta Oeconomica Pragensia, 16(2), 6-22. doi: 10.18267/j.aop.53
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