THE SUPPORT OF INTERNATIONAL INTEGRATIONS AND INSTITUTIONS
THE SUPPORT OF INTERNATIONAL INTEGRATIONS AND INSTITUTIONS

Author(s): Maja M. Vojinović
Subject(s): Economy, Supranational / Global Economy
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: integrations;institutions;regional;international;management;economy;EU;
Summary/Abstract: Nowadays there are different types of cooperation between sovereign states. The cause of any cooperation is globalization, which fosters international relations and contributes to their diversity. In order to talk about cooperation between countries on a global level, we must first start with one country and its region. From what kind of qualitative and quantitative relations it establishes with the countries in its region will depend the appearance on the global scene. In addition to bilateral and multilateral cooperation, there are institutionalized forms of economic, financial, technological, security and other types of cooperation between the regions of certain states (provinces, republics), the states within the formed regional economic integration (groupings), and the regional integration itself. The most prominent among all aspects of regional relations and cooperation are certainly economic relations. The emergence of numerous regional integrations has become a global trend. Therefore, we can conclude that the contemporary world economy is characterized by the process of globalization, that is, the process of economic integration and cooperation at the macro and micro level, on the basis of that greater international trade and interdependence of the economies of different countries. The modern history of European integration is related to the period after the Second World War when the ideas of European unity get their formal framework. However, the idea of European communion is much older, and there is almost no history of civilization since ancient times to date, which has no foundation in the existing concept of the European Union.

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