This article provides assessment of the four regional crises during the second half of 90´s, i. e. the first and second crises in Latin America (1994 - 1995 and 1998 - 1999) together with the prolonged crisis in Asia (1997 - 1999) and still unresolved outbreak of latent turmoil of Russia (1998...

This contribution is focused on the core changes and trends in the globalized world economy. As the globalization advances, countries and regions are challenged to shape more flexible arrangements to ensure that new risks are dealt with and the new opportunities are exploited. It is Europe's...