WORLD ECONOMY BETWEEN YESTERDAY AND TOMORROW: THE TRANSITION TOWARDS A NEW INTERNATIONAL ECONOMIC ORDER

Florin Bonciu

Romanian Economic Business Review, 2017, vol. 12, issue 1, 50-58

Abstract: The paper has in view to address the transition that the world economy is confronted with nowadays from the perspective of the participants and forces that shaped the world economic order of the post World War II period until now. The world economy is moving from a globalist perspective of convergence to a perspective of confrontation and transaction once with the return of the nation states, of bilateralism and multilateralism and of the approaches based on national interest. Starting from the analysis carried out by this research the conclusions contemplate a new world economic order that should make a better use of the lessons of history while taking more into account the human nature. The perspective on the future remains positive, provided that the answers to a number of fundamental questions are moderate and rational enough.

Keywords: world economy; world economic order; political realism; globalization; capitalism crisis (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:rau:journl:v:12:y:2017:i:1:p:50-58

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