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The economic regionalism and globalization setting The inside-outside regionalism

The economic regionalism and globalization setting The inside-outside regionalism. Irah Kučerová Faculty of Social Sciences Charles University Prague. Globalization of the world economy. institutional standardization

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The economic regionalism and globalization setting The inside-outside regionalism

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  1. The economic regionalism and globalization settingThe inside-outside regionalism Irah Kučerová FacultyofSocialSciences Charles University Prague Dubrovnik 23.-24.10.2009

  2. Globalization of the world economy • institutional standardization • change of a state´s role in economy – decline in national autonomy →Westphalian system erosion - cuius regio, eius religio • trade, capital and information liberalization → hard competition → rebirth of regionalism Dubrovnik 23.-24.10.2009

  3. Various definitions of globalization • process - importance of transnational and international companies is growing • the shares of FDI and import are increasing → speedy feedback between particular economic subjects • accelerated economic dependence of nations within the world system, which is mediated by mass media and transport (Kottak, 1996) • consequence of universal communication based on technological changes graduate of social transformation (McLuhan, 1989) • process of transformation of social relations, leading to the unification of the world as one organism, as one territory (Aron, 1968) Dubrovnik 23.-24.10.2009

  4. Various definitions of globalization II • harmonization of economic cycles, convergence of interest´s rate and stocks, all this having been enabled by the revolution of information technologies(Brittan, 1996) • process of a relative contraction of time and space (Suša: 2004) • time takes precedence over space whose importance decreases(Oi, 2005) Dubrovnik 23.-24.10.2009

  5. Regionalism • systematic approach to the protection of regional interests • identification of the priorities in economic, political and even security and generally strategic spheres • part of the state economic policy → aims to use the comparable regional advantages and to strengthen its resistance by using the regional context • defensive reaction to liberalization trends • conception of regional resistance • geographical regionalism • new regionalism Dubrovnik 23.-24.10.2009

  6. Regionalism as a solution of competitive clash • regionalization as supportive mechanism of regionalism via economic integration, e.g. FTA, CU • subregionalism, transregionalism, interregionalism →strengthening of regional resistance in an open economy → • corresponds with the open regionalism concept • regionalism as a domino-effect, which spreads like fire (Baldwin, 1993) • increasing interconnections and mutual dependence lead logically to multilateralism, however it strengthens regionalization trends (Kučerová, 2006) • theoretical and practical concept of globalcompetition - Nash modelof non-cooperative balance(Phlips, 1995) • Nash balance - a result of monitoring and subsequent adaptation of companies to the behaviour of other firms in the same field (Kučerová, 2007) Dubrovnik 23.-24.10.2009

  7. The inside-outside regionalism model • regional competitiveness→optimization of internal regional assets by continuously adapting to changes world economy→ • activation of internal factorsinside-regionalism = regionalism as a targeted influence on regional effectiveness = internally directed regionalism • inside-regionalism - better utilize the regional context, aggravate regional cohesion • outside-regionalismas a traditional concept towards maximizing own utility = systemic approach focused on expansion to certain geographical spaceand → • new regionalism as well– based on institutional standardization Dubrovnik 23.-24.10.2009

  8. Inside-outside-regionalism • inside-outside-regionalism concept as a completionof the geographical-newregionalismand • a supplement to the shallow-deep-regionalism concept - support of international tradeunder strict state control of economic activities(shallow) • xxxincreasing role of international organizations and therefore decreasing state capability of control (deep) • I-O model withregionalism´s differentiation according to the width and depth of regionalization – subregionalism, transregionalism, interregionalism Dubrovnik 23.-24.10.2009

  9. Conclusion • economic globalization→ qualitative changes of IRin the sense of • broader openness of economies • institutional standardization • change of a state role in economy • forcing competitive pressure • → increased regional cooperation • concept of I-O regionalism correspondswith idea of regional resistance • regional integration does not substitute multilateralism, on the contrary it should be its moving force → domino theory of regionalism (Baldwin, 1997) • new regionalism´s perspective along with regional governance theory (Shaw et al. 2003) - as a part of the global governance Dubrovnik 23.-24.10.2009

  10. Thank for your attention Dubrovnik 23.-24.10.2009

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