China's infrastructure-based Belt and Road Initiative (BRI) is challenging the US-led Western International Economic Governance Order (hereafter the Western order) that has been in place since the end of World War II, reflecting a global shift in power and influence from the United States to...

Asia's economic significance has risen substantially over the past several decades. Further economic development in ASEAN, with its massive population, requires very efficient utilization of resources and cross-border cooperation. While ASEAN has much to gain from economic cooperation and...

The multilateral trading system that emerged in the post-World War II period was mainly a creation by and for developed countries to address protectionist measures adopted in the 1930s. The events that marked the interwar period were characterised by both economic and political challenges that...

Research background: The disappointing economic results of the global economic crises, which brought macroeconomic instability, increasing inequality, are often understood as results of globalization. In this article, besides the positive effects, the many unavoidable negative impacts of...

In the coming years, large-scale changes are inevitable in the development of international trade, caused to a large extent by the conflict between the USA and China, the degradation of the WTO, and most importantly, the development of integration processes in various regionsand the impact of...

This paper, presents an analysis of the sectors that show the largest potential for supporting the country’s quest for economic diversification. It draws upon latest information about the diversification of economy and development strategy of oil producers countries from various sources,...

The economic, social, political processes taking place in the world radically transformed the system of relations between countries in the post-Soviet space. The readiness of the CIS countries for global changes was clearly insufficient. The development of complex processes related to the...

The United States championed the creation of new rules for the digital economy in TPP. Analyzing this effort as “digital megaregulation” foregrounds aspects that the conventional “digital trade” framing tends to conceal. On both accounts, TPP’s most consequential rules for the digital...

Tax justice and principles underpinning the international tax regime are in vogue. The idea that companies and individuals need to pay their "fair share", not just in the domestic sense but also the international sense, is now a mainstream position. This paper explores the problems relating to...

In the last two decades, due to falling barriers to trade and investment, the world economic scenario has profoundly changed. Few rich countries (United States, Great Britain, France, Japan, Switzerland, Germany and the Netherlands) have been securing a substantial stake in worldwide production...