New Regionalism differs markedly from previous development of regional integration. These changes are connected mainly to the necessity of regionalism to react to changing global conditions, new world political order and entrance of new actors into regional integration (i.e. states and...

As a consequence of the third wave of regionalism, the so called new regionalism, a marked increase in the number of regional groupings can be observed worldwide which makes the preferential relations between states even more complicated and complex. Within these relations those in which a...