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Role and Importance of International Agreements in Regulating International Relations in Modern Countries

Dragana Nesovic and Dusan Jerotijevic

Ekonomika, Journal for Economic Theory and Practice and Social Issues, 2018, vol. 64, issue 3

Abstract: All international subjects acting on the international scene are obliged to respect generally accepted norms and basic principles of international law. The basic acts containing these norms on which the international legal system primarily relies are international agreements, whether contracts concluded between states and / or international organizations, bilateral or multilateral. In that respect, starting from the position of international agreements in the generally accepted hierarchy of international law sources, this paper analyses the role of international agreements and the importance that they, as the basic instruments of regulating international relations and cooperation among contemporary subjects of international law, have in the international legal system. The aim of this paper is to highlight the manner and consequences of the influence on the legal process in this field, given the legal nature of the international agreements impact in the context of varying international relations, under the influence of a omnipresent globalisation.

Keywords: International Development; International Relations/Trade (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ags:sereko:290283

DOI: 10.22004/ag.econ.290283

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