Search

The proposed article is aimed at identifying the essence, history of development and evaluation of the current stage of regionalism. The principles of the theory of economic integration are briefly outlined, including its forms and their practical implementation. The author discusses the regulation of integration agreements within the framework of the GATT - WTO multilateral trade system. The motives for the participation of states in integration agreements, such as strategic, political and economic ones, as well as participation of the country in global and / or regional value of chains, are examined in detail. The author characterizes the main trends of modern regionalism and well-known integration mega-projects, such as the Trans-Pacific Partnership, and the Regional Comprehensive Economic Partnership. The main results of the study, which the author came to: 1) regionalism is a politics, and regionalization is the process of uniting countries into a larger region with elements of the free movement of certain factors; 2) old regionalism reflected the goals of promoting the growth of international trade and ensuring security. It corresponds to the concept of shadow integration; 3) the new regionalism was the result of an integrated approach to the development of globalization and a multipolar world. It is characterized by the concept of deep integration with deeper integration processes; 4) when signing the RTAs, the country takes into account strategic, political and economic factors; 5) integration agreements vary in scope and structure, reflecting the growing differentiation of the global trading system and the diversity of bilateral and multilateral regional trade agreements; 6) the signing of mega-projects reduces the effect of spaghetti bowl due to a decrease in the number of bilateral integration agreements between countries and the development of general rules of trade, and also simplifies international commercial disputes; there is a gradual unification of not only the rules of law, but also their interpretation and application.

Today, hedge funds are some of the most effective financial players able to show high earnings despite the crisis in the global economy and international financial markets. However, their work iscontroversial: often the high yield means the specific ways in which hedge funds reach greater heights, upto the impact on the transformation of world economic relations. The article uncovers the basic directions of such influence: the use of «event-related» strategies on the example of Argentina, which default the hedge funds had commercialized; the development of regulations and launching Trans-Pacific Partnership, which inthe long term will create conditions for the expansion of hedge funds; the involvement of hedge funds in the strong price movements on the example of Brent oil price fluctuations.Noteworthy is also the question of what financial institutions ought to be referred to the hedge fund category.In the case of extension of the term the dimensions of the problem can expand progressively.

The article is devoted to the study of problematic issues of the change of US-China trade is going up notwithstanding the slowdown of Chinese economy. Those US fi rms who placed production in China became more involved into Chinese internal market. Chinese investments into US prevail over the US investments in China. The decisions of the Chinese leadership to set up the new market priorities in the economic development are implemented with obvious diffi culties, but being implemented, could stimulate US-China ties.

Copyright of Revista Brasileira de Políticas Públicas is the property of Revista Brasileira de Politicas Publicas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The paper analyses how the Chinese project of establishing the Economic Belt of the New Silk Road challenges newly formed Eurasian Economic Union, with Russia as the leading force, as well as the North-American and Pacific trade network, dominated by the U.S. The author discusses how the overlapping responsibilities and influence of these regional economic groups may affect their complementarities and competitiveness on the world market, and how they may impact the future course of international relations. The Economic Belt is aimed at creating and strengthening economic, transport, human and cultural relations between China and Central Asian countries, but without Russia. The New Silk Road would stretch from the Pacific to the Baltic Sea, encompassing land and sea trading routes, and follows the route of the ancient Silk Road. When the New Silk Road project, linking three continents, is completed, it will bring new chance for development for China as well as for all other countries on the New Silk Road, including those in the Southeastern Europe. The author concludes that the Economic Belt of the New Silk Road might relax conflicts and quarrels between Western and Far East countries in regard to their aspirations to dominate in Euroasia.

The Trans-Pacific-Partnership is emerging as a mega-agreement by the potential impact on the regional and global gdp. Their analysis considered from issues of democracy and sovereignty, to issues of intellectual property, legal and national scope; however, it is null on the technical efficiency of the economies involved. Therefore, the objective of this research is to identify the countries that they would obtain better positions in its efficiency. To do this, use is made of the econometrics of Stochastic Frontier Analysis. The findings identified that high-income countries would get less respect for efficiency gains in middleincome countries. [ABSTRACT FROM AUTHOR]

The Trans-Pacific Partnership (TPP) was the first of the 'Mega-FTAs' to be signed. Had it been ratified, it would have created the world's largest preferential trade area. The negotiators of the TPP aspired to create 'a next-generation transformative agreement' that would address a new trade agenda focused on regulatory coherence and business facilitation. The expectation was that this agenda would generate a 21st Century trade politics that would be less contentious, at least among business actors, than traditional negotiations on market access. Studies of another Mega-FTA under negotiation, the Transatlantic Trade and Investment Partnership (TTIP) that has a similar agenda found unified business support for the agreement domestically and the emergence of transnational business coalitions in support of the agreement. Recent theorising on trade politics suggests, however, that global value chains (GVCs) that involve vertical intra-industry trade introduce 'traditional' distributional issues that will divide business interests domestically -- and, in the case of GVCs organised on different geographical bases, internationally as well. This cleavage was evident in the TPP negotiations, unlike those for TTIP, as were other divisions among business -- both domestically and across countries -- over the sharing of existing rents and of new rents generated by regulatory harmonisation. [ABSTRACT FROM AUTHOR]

The article discusses the global geopolitical strategy used by the U.S. in the Asia-Pacific Region (APR). Topics covered include the effects of the continued presence of the U.S. in the APR, the reforms made on the political, economic and military policies of the U.S. for the strategic shift toward the APR, and the Transpacific Partnership (TPP). It also discusses the highlights of the U.S. document titled "U.S.-India Joint Strategic Vision for the Asia-Pacific and Indian Ocean Region."

Copyright of Medunarodni Problemi is the property of Institute of International Politics & Economics and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)